RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (UNAUDITED)
(In thousands)
Three months ended | Nine months ended | ||||||||||||||
September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||
2024 | 2024 | 2023 | 2024 | 2023 | |||||||||||
GAAP | |||||||||||||||
Total revenues | $ | 46,409 | $ | 41,661 | $ | 42,350 | $ | 129,380 | $ | 124,710 | |||||
Costs of revenues | 12,484 | 12,230 | 14,282 | 38,243 | 38,555 | ||||||||||
GAAP gross profit | $ | 33,925 | $ | 29,431 | $ | 28,068 | $ | 91,137 | $ | 86,155 | |||||
GAAP gross margin | 73 | % | 71 | % | 66 | % | 70 | % | 69 | % | |||||
Non-GAAP | |||||||||||||||
GAAP gross profit | $ | 33,925 | $ | 29,431 | $ | 28,068 | $ | 91,137 | $ | 86,155 | |||||
Adjustments to reconcile GAAP to non-GAAP gross margin: | |||||||||||||||
Stock-based compensation expense | 1,366 | 1,185 | 1,120 | 3,751 | 3,022 | ||||||||||
Amortization of acquired technology | 584 | 584 | 574 | 1,752 | 1,680 | ||||||||||
Non-GAAP gross profit | $ | 35,875 | $ | 31,200 | $ | 29,762 | $ | 96,640 | $ | 90,857 | |||||
Non-GAAP gross margin | 77 | % | 75 | % | 70 | % | 75 | % | 73 | % | |||||