|
For the Three Months
Ended September 30, |
For the Nine Months
Ended September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Non-GAAP Net Income (Loss): | ||||||||||||||||
| Net loss | $ | (10,199 | ) | $ | (12,010 | ) | $ | (40,507 | ) | $ | (56,912 | ) | ||||
| Add (deduct): | ||||||||||||||||
| Depreciation and amortization(1) | 3,213 | 2,478 | 9,622 | 7,939 | ||||||||||||
| Stock-based compensation (2) | 6,954 | 5,730 | 21,115 | 16,222 | ||||||||||||
| Payroll tax expense related to stock-based compensation(3) | 96 | — | 876 | — | ||||||||||||
| Amortization of lease intangible | 180 | 180 | 540 | 770 | ||||||||||||
| Amortization of deferred costs on convertible notes | 464 | 466 | 1,394 | 1,396 | ||||||||||||
| Acquisition and other (5) | — | 117 | 686 | 343 | ||||||||||||
| (Gain) loss on sale of property and equipment | — | — | (23 | ) | 92 | |||||||||||
| Charitable contribution of common stock | 406 | 326 | 1,063 | 696 | ||||||||||||
| Lease abandonment and termination (4) | — | — | — | 8,778 | ||||||||||||
| Impairment of assets | — | 151 | — | 397 | ||||||||||||
| Restructuring charge (6) | — | — | — | 738 | ||||||||||||
| Costs to exit the tools and materials business | — | — | — | 586 | ||||||||||||
| Non-GAAP Net Income (Loss) | $ | 1,114 | $ | (2,562 | ) | $ | (5,234 | ) | $ | (18,955 | ) | |||||
| Weighted-average number of shares outstanding used to compute Non-GAAP Net Income (Loss) per share, basic and diluted, of Class A and Class B common stock | 49,282,164 | 47,989,277 | 48,901,475 | 47,852,671 | ||||||||||||
| EPS, basic and diluted, of Class A and Class B common stock | $ | (0.21 | ) | $ | (0.25 | ) | $ | (0.83 | ) | $ | (1.19 | ) | ||||
| Non-GAAP EPS, basic and diluted, of Class A and Class B common stock | $ | 0.02 | $ | (0.05 | ) | $ | (0.11 | ) | $ | (0.40 | ) | |||||
- Represents depreciation expense of the Company’s long-lived tangible assets and amortization expense of its finite-lived intangible assets, as included in the Company’s GAAP results of operations.
- Represents the non-cash expense related to stock-based awards granted to employees, as included in the Company’s GAAP results of operations.
- In the second quarter of 2024, we changed the definition of Adjusted EBITDA and Non-GAAP Net Income (Loss) to exclude payroll tax expense related to stock-based compensation. For prior periods, this amount was considered de minimis and, accordingly, we have not adjusted the Adjusted EBITDA or Non-GAAP Net Income (Loss) amounts for such periods.
- Amount is recorded in general and administrative and/or other expenses.
- Includes adjustments related to purchase accounting, the revaluation of contingent consideration, transaction costs and executive severance.
- Costs associated with the May 2023 reduction in workforce.
