IoT Approach Simplified
LANTRONIX
APPENDIX A: RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In thousands)
GAAP Net Income (Loss)
Non-GAAP Adjustments:
Share-based Compensation
Q1 FY20
Q2 FY20
Q3 FY20
Q4 FY20
Q1 FY21
FY19
FY20
$ (2,470)
$ (1,351)
$ (5,216)
$ (1,701)
$ (302)
$ (408)
$ (10,738)
578
938
1,132
990
603
1,871
3,639
Withholding Taxes on Stock Grants
Depreciation and Amortization
10
2
7
14
11
12
33
147
156
269
275
265
464
847
Severance and Restructuring Costs
Acquisition Related Costs
Impairment of Long-Lived Asset
749
354
2,263
478
92
1,146
3,844
643
353
1,250
38
410
2,284
275
Amortization of Purchased Intangible Assets
144
151
801
941
882
2,037
Amortization of Manufacturing Profit in Acquired Inventory
171
33
51
7
255
Litigation Settlement Cost
75
75
Interest Expense (Income), Net
(56)
16
83
90
85
(236)
133
Other (Income) Expense, Net
43
10
(129)
(1)
(39)
15
(77)
Provision (Benefit) for Income Taxes
48
37
43
16
50
141
144
2,477
2,017
5,827
2,892
1,956
4,098
13,214
$ 7 $ 666
$
611 $
1.191
$ 1,654
$ 3,690
$2.476
Total Non-GAAP Adjustments
Non-GAAP Net Income (Loss)
Lantronix believes that the presentation of non-GAAP financial information, when presented in conjunction with the corresponding GAAP measures, provides important
supplemental information to management and investors regarding financial and business trends relating to the Company's financial condition and results of
operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in
accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations of the non-GAAP financial measures to the financial measures
calculated in accordance with GAAP should be carefully evaluated. The non-GAAP financial measures used by the Company may be calculated differently from, and
therefore may not be comparable to, similarly titled measures used by other companies. The Company has provided reconciliations of the non-GAAP financial measures
to the most directly comparable GAAP financial measures. Management believes that non-GAAP net income (loss) is an important measure of the Company's business.
Management uses this financial measure to monitor and evaluate ongoing operating results and trends to gain an understanding of our comparative operating
performance.
COMPANY CONFIDENTIAL. DO NOT DISTRIBUTE
13View entire presentation