Matterport Results Presentation Deck
GAAP to Non-GAAP reconciliation - Net Loss and Loss per Share
Three Months Ended
December 31,
GAAP net loss
Stock based compensation expense (1)
Acquisition-related costs (2)
Transaction cost (3)
Amortization expense of acquired intangible assets
Change in fair value of common stock warrant liabilities (4)
Change in fair value of contingent earn-out liability (5)
Impairment of investment
Payroll tax related to contingent earn-out share issuance (6)
Non-GAAP net loss
GAAP net loss per share attributable to common stockholders, basic and diluted
Non-GAAP net loss per share attributable to common stockholders, basic and diluted
GAAP weighted-average shares used to compute net loss per share, basic and diluted
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
SOGENNE
$
Represents 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
$
$
$
2022
(60,350) $
33,140
443
(888)
1,093
(26,562) $
(0.21)
(0.09)
289,164
289,164
$
$
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
Consists of the transaction costs associated with warrants instrument issuance
2021
(160,990) $
68,847
887
24,194
41,976
(25,086)
(0.66)
(0.10)
244,678
244,678
$
$
$
2022
Fiscal Year Ended
December 31,
(111,339)
152,788
1,294
1,411
(27,035)
(136,043)
1,093
1,164
(116,667)
(0.39)
(0.41)
283,585
283,585
$
$
$
$
2021
(338,060)
100,844
887
565
48,370
140,454
(46,940)
(2.58)
(0.23)
131,278
70,561
201,839
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 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-related costs, transaction costs, impairment of investment, 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 loss per share attributable to common stockholders,
basic and 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.
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