Growth Strategy and Financial Overview
GAAP to
Non-GAAP Reconciliation
Three Months Ended
September 30,2018
Three Months Ended
December 31, 2018
Three Months Ended
March 31, 2019
Three Months Ended
June 30, 2019
Three Months Ended
September 30, 2019
Three Months Ended
December 31, 2019
$ '000s
% of
Revenues
$ '000s
% of
Revenues
$ '000s
% of
Revenues
% of
$ '000s
Revenues
$'000s
% of
Revenues
$ '000s
% of
Revenues
Gross Margin
Gross margin
106,061
80%
116,658
81%
122,220
81%
132,113
81%
140,358
81%
150,211
81%
Stock-based compensation
1,194
1%
1,076
1%
1,633
1%
1,488
1%
1,468
1%
1,367
1%
Amortization of acquired intangible assets
494
0%
800
1%
800
1%
800
0%
762
0%
839
0%
Acquisition related expenses
0%
0%
0%
0%
0%
0%
Non-GAAP gross margin
107,749
82%
118,534
82%
124,653
82%
134,401
82%
142,588
82%
152,417
82%
Loss from Operations
Loss from operations
(15,050)
-11%
(7,832)
-5%
(9,036)
-6%
(15,725)
-10%
(14,072)
-8%
(8,158)
-4%
Stock-based compensation
19,612
15%
20,927
15%
21,205
14%
28,663
18%
23,791
14%
24,095
13%
Amortization of acquired intangible assets
494
0%
800
1%
800
Acquisition related expenses
802
1%
289
0%
32
0%
Non-GAAP loss from operations
5,858
4%
14,184
10%
13,001
៖ ៖ ៖
800
0%
762
0%
839
32
0%
30
0%
814
13,770
8%
10,511
6%
17,590
៖ ៖ ៖
Three Months Ended
March 31, 2020
Three Months Ended
June 30, 2020
Three Months Ended
September 30, 2020
Three Months Ended
December 31, 2020
Three Months Ended
March 31, 2021
Three Months Ended
June 30, 2021
$'000s
% of
Revenues
$ '000s
% of
Revenues
$ '000s
% of
Revenues
$ '000s
% of
Revenues
$ '000s
% of
Revenues
$ '000s
% of
Revenues
Gross Margin
Gross margin
160,683
81%
164,831
81%
185,782
81%
204,771
81%
226,631
81%
247,911
80%
Stock-based compensation
1,505
1%
1,703
1%
1,792
1%
1,945
1%
2,007
1%
2,408
1%
Amortization of acquired intangible assets
880
0%
879
0%
442
0%
139
0%
239
0%
236
0%
Acquisition related expenses
0%
0%
0%
0%
0%
0%
Non-GAAP gross margin
163,068
82%
167,413
82%
188,016
82%
206,855
82%
228,877
81%
250,555
81%
Loss from Operations
Loss from operations
(14,102)
-7%
(13,625)
-7%
(15,461)
-7%
(7,641)
-3%
(15,032)
-5%
(16,602)
-5%
Stock-based compensation
27,463
14%
31,374
15%
31,186
14%
31,466
12%
32,423
12%
43,433
14%
Amortization of acquired intangible assets
900
0%
899
Acquisition related expenses
333
0%
518
Non-GAAP loss from operations
14,594
7%
19,166
៖ ៖ ៖
462
0%
159
0%
345
0%
337
0%
340
0%
640
0%
1,195
0%
372
0%
16,527
7%
24,624
10%
18,931
7%
27,540
9%
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