Investor Presentaiton
GAAP to Non-GAAP Reconciliations
Gross Margin
Gross margin
Stock-based compensation
Amortization of acquired intangible assets
Gain on termination of operating leases
Loss on disposal of fixed assets
Non-GAAP gross margin
Loss from Operations
Loss from operations
Stock-based compensation
Three Months Ended
March 31, 2020
Three Months Ended
June 30, 2020
$'000s
% of
Revenue
$ '000s
% of
Revenue
$ '000s
Three Months Ended
September 30, 2020
% of
Revenue
Three Months Ended
December 31, 2020
Three Months Ended Three Months Ended
March 31, 2021
June 30, 2021
Three Months Ended
September 30, 2021
$'000s
% of
Revenue
% of
$ '000s
Revenu
$ '000s
% of
Revenue
$ '000s
% of
Revenue
160,683
81%
164,831
81%
185,782
81%
204,771
81%
226,631
81%
247,911
80%
269,589
79%
1,505
1%
1,703
1%
1,792
1%
1,945
1%
2,007
1%
2,408
1%
2,408
1%
880
0%
879
0%
442
0%
139
0%
239
0%
236
0%
234
0%
0%
0%
0%
0%
0%
0%
(670)
0%
0%
0%
0%
0%
0%
0%
1,015
0%
163,068
82%
167,413
82%
188,016
82%
206,855
82%
228,877
81%
250,555
81%
272,576
80%
(14,102)
-7%
(13,625)
-7%
(15,461)
-7%
(7,641)
-3%
(15,032)
-5%
(16,602)
-5%
(14,927)
-4%
27,463
14%
31,374
15%
31,186
14%
31,466
12%
32,423
12%
43,433
14%
44,987
13%
Amortization of acquired intangible assets
900
0%
899
0%
462
0%
159
0%
345
0%
337
0%
326
0%
Acquisition/disposition related income (expenses)
333
0%
518
0%
340
0%
640
0%
1,195
0%
372
0%
350
0%
Gain on termination of operating leases
0%
0%
0%
0%
0%
0%
(4,276)
-1%
Loss on disposal of fixed assets
0%
0%
0%
0%
0%
0%
6,468
2%
Non-GAAP loss from operations
14,594
7%
19,166
9%
16,527
7%
24,624
10%
18,931
7%
27,540
9%
32,928
10%
Three Months Ended
December 31, 2021
Three Months Ended
March 31, 2022
Three Months Ended
June 30, 2022
Three Months Ended
September 30, 2022
$ '000s
% of
Revenue
$'000s
% of
Revenue
$ '000s
% of
Revenue
$ '000s
% of
Revenue
$'000s
Three Months Ended
December 31, 2022
% of
Revenue
Three Months Ended
March 31, 2023
$ '000s
% of
Revenue
Gross Margin
Gross margin
297,670
81%
322,663
82%
342,824
68%
Stock-based compensation
2,563
1%
2,658
1%
3,631
1%
361,831
3,479
82%
389,393
83%
419,574
84%
1%
3,673
1%
3,832
1%
Amortization of acquired intangible assets
228
0%
321
0%
306
0%
Non-GAAP gross margin
300,461
81%
325,642
82%
346,761
69%
292
365,602
0%
283
0%
399
0%
82%
393,349
84%
423,805
84%
Loss from Operations
Loss from operations
(8,237)
-2%
(11,154)
-3%
(44,767)
-9%
(32,213)
-7%
(13,486)
-3%
(44,767)
-9%
Stock-based compensation
45,914
12%
45,704
12%
83,037
17%
72,213
16%
76,768
16%
83,037
17%
Amortization of acquired intangible assets
318
0%
410
0%
845
0%
738
0%
729
0%
845
0%
Acquisition/disposition related income (expenses)
170
0%
0%
0%
0%
0%
0%
Restructuring charges
0%
0%
0%
0%
0%
28,570
6%
Non-GAAP loss from operations
38,165
10%
34,960
9%
39,115
8%
40,738
9%
64,011
14%
67,685
13%
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