|
2023 FOURTH QUARTER OUTLOOK
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) | ||||||||
|
Three Months Ending
December 31, 2023 | ||||||||
| Low | High | |||||||
| Gross margin | 55.2 | % | 55.8 | % | ||||
| Adjustment to reconcile gross margin to non-GAAP gross margin: | ||||||||
| Stock-based compensation expense | 0.2 | % | 0.2 | % | ||||
| Non-GAAP gross margin | 55.4 | % | 56.0 | % | ||||
|
RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
(Unaudited, in thousands) | ||||||||
|
Three Months Ending
December 31, 2023 | ||||||||
| Low | High | |||||||
| Operating expenses | $ | 127,100 | $ | 131,100 | ||||
| Adjustments to reconcile operating expenses to non-GAAP operating expenses: | ||||||||
| Stock-based compensation expense | (31,200 | ) | (33,200 | ) | ||||
| Non-GAAP operating expenses | $ | 95,900 | $ | 97,900 | ||||
