PowerSchool Results Presentation Deck
Non-GAAP Reconciliations
Adjusted Gross Profit
(in thousands, except for percentages)
Gross profit
Depreciation
Share-based compensation(¹)
Restructuring(2)
Acquisition-related expense (³)
Amortization
Adjusted Gross Profit
Gross Profit Margin(4)
Adjusted Gross Profit Margin(5)
PowerSchool
$
$
Three Months Ended
March 31.
2022
81,615
275
2,167
973
200
13,685
$
98,915 $
54.6 %
66.1 %
2021
66,267
393
80
587
84
11,363
78,774
(1) Refers to expenses flowing through gross profit associated with share-based compensation.
(2) Refers to expenses flowing through gross profit related to migration of customers from legacy to core products, and severance expense related to offshoring activities,
facility closures and executive departures.
(3) Refers to expenses flowing through gross profit incurred to execute and integrate acquisitions, including retention awards and severance for acquired employees.
(4) Represents gross profit as a percentage of revenue.
(5) Represents Adjusted Gross Profit as a percentage of revenue.
56.1 %
66.7 %
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