RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (UNAUDITED)
(In thousands)
| Three months ended | Nine months ended | ||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||
| 2024 | 2024 | 2023 | 2024 | 2023 | |||||||||||
| GAAP | |||||||||||||||
| Total revenues | $ | 46,409 | $ | 41,661 | $ | 42,350 | $ | 129,380 | $ | 124,710 | |||||
| Costs of revenues | 12,484 | 12,230 | 14,282 | 38,243 | 38,555 | ||||||||||
| GAAP gross profit | $ | 33,925 | $ | 29,431 | $ | 28,068 | $ | 91,137 | $ | 86,155 | |||||
| GAAP gross margin | 73 | % | 71 | % | 66 | % | 70 | % | 69 | % | |||||
| Non-GAAP | |||||||||||||||
| GAAP gross profit | $ | 33,925 | $ | 29,431 | $ | 28,068 | $ | 91,137 | $ | 86,155 | |||||
| Adjustments to reconcile GAAP to non-GAAP gross margin: | |||||||||||||||
| Stock-based compensation expense | 1,366 | 1,185 | 1,120 | 3,751 | 3,022 | ||||||||||
| Amortization of acquired technology | 584 | 584 | 574 | 1,752 | 1,680 | ||||||||||
| Non-GAAP gross profit | $ | 35,875 | $ | 31,200 | $ | 29,762 | $ | 96,640 | $ | 90,857 | |||||
| Non-GAAP gross margin | 77 | % | 75 | % | 70 | % | 75 | % | 73 | % | |||||
