RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (UNAUDITED)
(In thousands)
| Three months ended | Six months ended | ||||||||||||||
| June 30, | March 31, | June 30, | June 30, | June 30, | |||||||||||
| 2024 | 2024 | 2023 | 2024 | 2023 | |||||||||||
| GAAP | |||||||||||||||
| Total revenues | $ | 41,661 | $ | 41,310 | $ | 41,601 | $ | 82,971 | $ | 82,360 | |||||
| Costs of revenues | 12,230 | 13,529 | 12,369 | 25,759 | 24,273 | ||||||||||
| GAAP gross profit | $ | 29,431 | $ | 27,781 | $ | 29,232 | $ | 57,212 | $ | 58,087 | |||||
| GAAP gross margin | 71 | % | 67 | % | 70 | % | 69 | % | 71 | % | |||||
| Non-GAAP | |||||||||||||||
| GAAP gross profit | $ | 29,431 | $ | 27,781 | $ | 29,232 | $ | 57,212 | $ | 58,087 | |||||
| Adjustments to reconcile GAAP to non-GAAP gross margin: | |||||||||||||||
| Stock-based compensation expense | 1,185 | 1,200 | 938 | 2,385 | 1,902 | ||||||||||
| Amortization of acquired technology | 584 | 584 | 553 | 1,168 | 1,106 | ||||||||||
| Non-GAAP gross profit | $ | 31,200 | $ | 29,565 | $ | 30,723 | $ | 60,765 | $ | 61,095 | |||||
| Non-GAAP gross margin | 75 | % | 72 | % | 74 | % | 73 | % | 74 | % | |||||
