PDF Solutions® Reports First Fiscal Quarter Results
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PDF SOLUTIONS, INC. | | | | | | | | | |
RECONCILIATION OF GAAP TO NON-GAAP NET INCOME (UNAUDITED) | | | | | | | |
(In thousands, except per share amounts) | | | | | | | | | | | | | | | | | | | | |
Three months ended | | | | | | | | | |
March 31, | |
December 31, | |
March 31, | | |
2018 | |
2017 | |
2017 | | GAAP net income (loss) | $ | (424 | ) | | $ | (2,634 | ) | | $ | 517 | | | Adjustments to reconcile GAAP net income to non-GAAP net income: | | | | | | | | | | Stock-based compensation expense | | 2,856 | | | | 3,073 | | | | 2,884 | | | Amortization of acquired technology | | 144 | | | | 144 | | | | 96 | | | Amortization of other acquired intangible assets | | 109 | | | | 107 | | | | 92 | | | Non-recurring severance payment (1) | | 283 | | | | 30 | | | | - | | | Tax Adjustments | | (747 | ) | | | 3,444 | | | | (995 | ) | | Non-GAAP net income | $ | 2,220 | | | $ | 4,164 | | | $ | 2,594 | | | | | | | | | | | | | GAAP net income (loss) per diluted share | $ | (0.01 | ) | | $ | (0.08 | ) | | $ | 0.02 | | | Non-GAAP net income per diluted share | $ | 0.07 | | | $ | 0.13 | | | $ | 0.08 | | | | | | | | | | | | | Shares used in diluted shares calculation | | 32,645 | | | | 32,866 | | | | 33,594 | | | | | | | | | | | | | | |
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PDF SOLUTIONS, INC. | | | | | | | | | |
RECONCILIATION OF GAAP NET INCOME TO EBITDAR (UNAUDITED) | | | | | | | | |
(In thousands, except per share amounts) | | | | | | | | | | | | | | | | | | | | | |
Three months ended | | | | | | | | | |
March 31, | |
December 31, | |
March 31, | | |
2018 | |
2017 | |
2017 | | | | | | | | | | | | GAAP net income (loss) | $ | (424 | ) | | $ | (2,634 | ) | | $ | 517 | | | Adjustments to reconcile GAAP net income to EBITDAR: | | | | | | | | | | Stock-based compensation expense | | 2,856 | | | | 3,073 | | | | 2,884 | | | Amortization of acquired technology | | 144 | | | | 144 | | | | 96 | | | Amortization of other acquired intangible assets | | 109 | | | | 107 | | | | 92 | | | Non-recurring severance payment (1) | | 283 | | | | 30 | | | | - | | | Depreciation expense | | 1,261 | | | | 1,241 | | | | 1,091 | | | Income tax provision (benefit) | | (381 | ) | | | 3,509 | | | | (1,162 | ) | | EBITDAR | $ | 3,847 | | | $ | 5,470 | | | $ | 3,518 | | | | | | | | | | | | | | |
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