Investor Presentation Q1 2020
GAAP to
Non-GAAP Reconciliation
Three Months Ended
September 30, 2015
Three Months Ended
December 31, 2015
Three Months Ended
March 31, 2016
Three Months Ended
June 30, 2016
Three Months Ended
September 30, 2016
Three Months Ended
December 31, 2016
$ '000s
% of
Revenues
$'000s
% of
Revenues
% of
$ '000s
Revenues
$ '000s
% of
Revenues
$ '000s
% of
Revenues
$ '000s
% of
Revenues
Gross Margin
Gross margin
35,233
74%
39,419
74%
44,989
76%
49,779
77%
54,777
78%
59,557
78%
Stock-based compensation
404
1%
457
1%
418
1%
608
1%
577
1%
551
1%
Amortization of acquired intangible assets
20
0%
20
0%
18
0%
13
0%
13
0%
13
0%
Acquisition related expenses
0%
0%
0%
0%
0%
0%
Non-GAAP gross margin
35,657
75%
39,896
75%
45,425
77%
50,400
78%
55,367
78%
60,121
79%
Loss from Operations
Loss from operations
(13,290)
-28%
(10,449)
-20%
(9,861)
-17%
(11,030)
-17%
(9,951)
-14%
(13,820)
-18%
Stock-based compensation
4,510
9%
6,015
11%
6,231
11%
8,475
13%
8,695
12%
9,274
12%
Amortization of acquired intangible assets
26
0%
26
0%
24
0%
20
0%
20
0%
20
0%
Acquisition related expenses
0%
0%
0%
0%
0%
0%
Non-GAAP loss from operations
(8,754)
-18%
(4,408)
-8%
(3,606)
-6%
(2,535)
-4%
(1,236)
-2%
(4,526)
-6%
Three Months Ended
March 31, 2017
Three Months Ended
June 30, 2017
$ '000s
% of
Revenues
$ '000s
% of
Revenues
$ '000s
Three Months Ended
September 30, 2017
% of
Revenues
Three Months Ended
December 31, 2017
Three Months Ended
March 31, 2018
Three Months Ended
June 30,2018
$'000s
% of
Revenues
$ '000s
% of
Revenues
$ '000s
% of
Revenues
Gross Margin
Gross margin
65,180
79%
70,502
79%
78,716
81%
85,485
80%
92,179
80%
97,725
80%
Stock-based compensation
564
1%
844
1%
754
1%
823
1%
967
1%
1,163
1%
Amortization of acquired intangible assets
9
0%
0%
38
0%
50
0%
50
0%
50
0%
Acquisition related expenses
0%
0%
0%
0%
0%
0%
Non-GAAP gross margin
65,753
80%
71,346
80%
79,508
81%
86,358
81%
93,196
81%
98,938
81%
Loss from Operations
Loss from operations
(8,000)
-10%
(10,577)
-12%
(12,126)
-12%
(9,433)
-9%
(11,324)
-10%
(14,052)
-11%
Stock-based compensation
9,303
11%
13,006
15%
12,110
12%
12,898
12%
16,046
14%
19,675
16%
Amortization of acquired intangible assets
16
0%
0%
38
0%
50
0%
50
0%
50
0%
Acquisition related expenses
0%
0%
439
0%
827
1%
802
1%
802
1%
Non-GAAP loss from operations
1,319
2%
2,429
3%
461
0%
4,342
4%
5,574
5%
6,475
5%
. .
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