RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (UNAUDITED)
(In thousands)
| Three months ended | Year ended | ||||||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | |||||||||||||||
| 2022 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||
| GAAP | |||||||||||||||||||
| Total revenues | $ | 40,523 | $ | 39,860 | $ | 29,886 | $ | 148,549 | $ | 111,060 | |||||||||
| Costs of revenues | 11,791 | 12,545 | 11,675 | 47,907 | 44,193 | ||||||||||||||
| GAAP gross profit | $ | 28,732 | $ | 27,315 | $ | 18,211 | $ | 100,642 | $ | 66,867 | |||||||||
| GAAP gross margin | 71 | % | 69 | % | 61 | % | 68 | % | 60 | % | |||||||||
| Non-GAAP | |||||||||||||||||||
| GAAP gross profit | $ | 28,732 | $ | 27,315 | $ | 18,211 | $ | 100,642 | $ | 66,867 | |||||||||
| Adjustments to reconcile GAAP to non-GAAP gross margin: | |||||||||||||||||||
| Stock-based compensation expense | 737 | 854 | 703 | 2,974 | 2,563 | ||||||||||||||
| Amortization of acquired technology | 553 | 553 | 554 | 2,213 | 2,079 | ||||||||||||||
| Non-GAAP gross profit | $ | 30,022 | $ | 28,722 | $ | 19,468 | $ | 105,829 | $ | 71,509 | |||||||||
| Non-GAAP gross margin | 74 | % | 72 | % | 65 | % | 71 | % | 64 | % | |||||||||
