Investor Presentaiton
Reconciliation of GAAP to Non-GAAP Consolidated Statements of Operations (Unaudited)
(in thousands, except per share amounts)
Revenue
GAAP
Stock-based
compensation
expense
Three Months Ended June 30, 2022
Amortization of
intangibles from
business
combinations
Employee
severance
Acquisition and
disposition-related
Security Incident-
related costs, net
of insurance (1)
Impairment of
capitalized
software
development costs
Non-GAAP
adjustments
subtotal
costs
Non-GAAP
Recurring
One-time services and other
Total revenue
$
252,507
$
12,420
264,927
$
Cost of revenue
Cost of recurring
114,487
Cost of one-time services and other
11,120
(2,888)
(876)
(12,059)
(50)
(345)
(331)
Total cost of revenue
125,607
(3,764)
(12,404)
(381)
139,320
3,764
12,404
381
Gross profit
Recurring gross margin
54.7 %
One-time services and other gross margin
10.5 %
Total gross margin
52.6 %
$
$
$
$
$
252,507
12,420
264,927
(14,997)
(1,552)
(16,549)
99,490
9,568
109,058
16,549
155,869
5.9 %
60.6 %
12.5 %
23.0 %
6.2%
58.8 %
Operating expenses
Sales, marketing and customer success
52,737
Research and development
38,333
(5,293)
(5,875)
(5,293)
47,444
(5,875)
32,458
General and administrative
47,391
(12,922)
(81)
(2,292)
(8,348)
(2,263)
(25,906)
21,485
Amortization
805
(805)
Total operating expenses
139,266
(24,090)
(805)
(81)
(2,292)
(8,348)
(2,263)
(805)
(37,879)
101,387
Income from operations
54
27,854
13,209
462
2,292
8,348
2,263
54,428
- %
54,482
20.6 %
20.6 %
Total Operating Margin
Net (loss) income
$
Shares used in computing diluted (loss) earnings per share
Diluted (loss) earnings per share
$
(3,422)
51,661
(0.07)
$
38,911
51,986
$
0.75
(1) Includes Security Incident-related costs incurred, net of probable insurance recoveries. Recorded expenses consisted primarily of payments to third-party service providers and consultants, including legal fees, as well as settlements of customer claims and accruals for certain loss 34
contingencies. Not included in this adjustment were costs associated with enhancements to our cybersecurity program.
b➤View entire presentation