Matterport Results Presentation Deck
GAAP to Non-GAAP reconciliation - Net Loss and Loss per Share
(2)
(3)
(6)
(7)
GAAP net income (loss)
Stock based compensation expense (1)
Acquisition-related costs (2)
Amortization expense of acquired intangible assets
Change in fair value of common stock warrant liabilities (3)
Change in fair value of contingent earn-out liability (4)
Payroll tax related to contingent earn-out share issuance (5)
Non-GAAP net loss
GAAP net income (loss) per share attributable to common stockholders:
Basic
Diluted
Non-GAAP net loss per share attributable to common stockholders, basic and diluted
GAAP weighted-average shares used to compute net income (loss) per share, basic
Weighted-average effect of potentially dilutive securities (6)
GAAP weighted-average shares used to compute net income (loss) per share, diluted
Excluded anti-dilutive weighted-average potential shares of common stock in calculating non-GAAP loss per
Adjustment for common stock issued in connection with the Merger (7)
Non-GAAP weighted-average shares used to compute net loss per share, basic and diluted
Consists primarily of non-cash share-based compensation related to the Company's stock incentive plans and earn-out arrangement
Consists of acquisition transaction costs
Three Months Ended March 31,
2022
2021
71,904
56,088
172
260
(21,433)
(136,043)
1,164
(27,888)
0.26
0.23
(0.10)
275,199
37,233
312,432
(37,233)
275,199
(2,872)
658
(2,214)
(0.07)
(0.07)
(0.01)
39,632
39,632
127,499
167,131
Consists of non-cash fair value measurement change for public and private warrants
Represents the non-cash fair-value measurement change related to our earn-out liability
Represents the payroll tax related to Earn-out shares issuance and release
Consists of the potentially dilutive effect of employee equity incentive plan awards
Consists of non-GAAP adjustment of unweighted average common stock issued and converted from Matterport, Inc.'s (now known as Matterport Operating, LLC) previously issued and outstanding shares of
convertible preferred stock and common stock warrants prior to the completion of the merger
Non-GAAP Financial Measures
This presentation includes the non-GAAP financial measures non-GAAP net loss and non-GAAP net loss per share, basic and diluted. We define non-GAAP net loss as net income (loss), adjusted to exclude stock-based
compensation expense, fair value change of warrants liabilities, fair value change of earn-out liabilities, payroll tax related to contingent earn-out share issuance, acquisition transaction costs, and amortization of acquired intangible
assets, in order to provide investors and management with greater visibility to the underlying performance of Matterport's recurring core business operations. In order to calculate non-GAAP net loss per share, basic and diluted, we
use a non-GAAP weighted-average share count. We define non-GAAP weighted-average shares used to compute non-GAAP net loss per share, basic and diluted, as GAAP weighted average shares used to compute net income
(loss) per share attributable to common stockholders, dilutive, adjusted to reflect the shares of Matterport's Class A common stock exchanged for the previously issued and outstanding shares of redeemable convertible preferred
stock and common stock warrants of Matterport, Inc. (now known as Matterport Operating, LLC) in connection with the recently completed merger, that are outstanding as of the end of the period as if they were outstanding as of
the beginning of the period for comparability and exclude anti-dilutive weighted-average potential shares of common stock in calculating non-GAAP loss per share.
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