Nanometrics Reports Second Quarter 2016 Financial Results

NANOMETRICS INCORPORATED
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(In thousands, except per share amounts)
(Unaudited)

	Three Months Ended
	June 25, 2016				March 28, 2016				June 27, 2015
Reconciliation of GAAP gross profit and gross margin to non-GAAP gross profit and gross margin
GAAP gross profit and gross margin, respectively	$	28,425	51.0	%	$	24,491	51.6	%	$	23,264	47.8	%
Non-GAAP adjustments:
Amortization of intangible assets		442	0.8	%		435	0.9	%		457	0.9	%
Non-GAAP gross profit and gross margin, respectively	$	28,867	51.8	%	$	24,926	52.5	%	$	23,721	48.8	%

Reconciliation of GAAP operating income to non-GAAP operating income
GAAP operating income and operating margin, respectively	$	7,336	13.2	%	$	3,730	7.9	%	$	2,509	5.2	%
Non-GAAP adjustments:
Amortization of intangible assets included in cost of revenues		442	0.7	%		435	0.9	%		457	0.9	%
Amortization of intangible assets included in operating expenses		-	-			24	-			25	0.1	%
Total non-GAAP adjustments to operating income		442	0.7	%		459	0.9	%		482	1.0	%
Non-GAAP operating income and operating margin, respectively	$	7,778	13.9	%	$	4,189	8.8	%	$	2,991	6.2	%

Reconciliation of GAAP net income to non-GAAP net income
GAAP net income	$	6,031			$	3,467			$	1,344
Non-GAAP adjustments:
Total non-GAAP adjustments to non-GAAP operating income		442				459				482
Non-GAAP net income	$	6,473			$	3,926			$	1,826

GAAP net income per diluted share	$	0.24			$	0.14			$	0.06

Non-GAAP net income per diluted share	$	0.26			$	0.16			$	0.08

Shares used in diluted net income per share calculation		24,927				24,597				24,285

 Investor  Relations  Contact:
Claire  McAdams
Headgate  Partners  LLC
530.265.9899
claire@headgatepartners.com

Company  Contact:
Jeffrey  Andreson,  CFO
Nanometrics  Incorporated
408.545.6143
jandreson@nanometrics.com

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