The following table reconciles Adjusted Gross Margin to the most directly comparable GAAP measure, gross margin:
|
Three Months Ended |
Twelve Months Ended |
||||||
|
December, |
December 31, |
||||||
|
2015 |
2014 |
2015 |
2014 |
||||
|
(dollars in thousands) |
|||||||
|
Revenue |
$ 23,732 |
$ 17,862 |
$ 86,729 |
$ 62,968 |
|||
|
Cost of services |
4,079 |
3,606 |
15,254 |
12,851 |
|||
|
Gross profit |
$ 19,653 |
$ 14,256 |
$71,475 |
$50,117 |
|||
|
Gross margin |
82.8% |
79.8% |
82.4% |
79.6% |
|||
|
Adjustments: |
|||||||
|
Share-based compensation as % of revenue |
1.3% |
1.1% |
1.1% |
0.9% |
|||
|
Acquisition-related and other expenses as % of revenue* |
0.2% |
1.5% |
0.2% |
1.0% |
|||
|
Adjusted Gross Margin |
84.3% |
82.4% |
83.7% |
81.5% |
|||
|
* Acquisition-related and other expenses represented certain tax-related costs. |
The follow table reconciles Free Cash Flow to the most directly comparable GAAP measure, net cash from operating activities:
|
Three Months Ended
|
Twelve Months Ended
|
||
|
(in thousands) |
|||
|
Net cash provided by operating activities |
$ 6,127 |
$ 20,306 |
|
|
Purchases of property and equipment, including software development costs |
(2,222) |
(13,301) |
|
|
Free Cash Flow |
$ 3,905 |
$ 7,005 |
|
The following tables reconcile Basic and Diluted Adjusted EPS guidance to the most directly comparable GAAP measure, net loss per share:
|
Three Months Ending |
Twelve Months Ending |
||||||
|
March 31, 2016 |
December 31, 2016 |
||||||
|
High End |
Low End |
High End |
Low End |
||||
|
Basic net loss per share |
$ (0.04) |
$ (0.08) |
$ - |
$ (0.15) |
|||
|
Share-based compensation |
0.12 |
0.12 |
0.40 |
0.40 |
|||
|
Amortization of intangible assets |
0.03 |
0.03 |
0.10 |
0.10 |
|||
|
Adjusted Basic EPS |
$ 0.11 |
$ 0.07 |
$ 0.50 |
$ 0.35 |
|||
|
Three Months Ending |
Twelve Months Ending |
||||||
|
March 31, 2016 |
December 31, 2016 |
||||||
|
High End |
Low End |
High End |
Low End |
||||
|
Diluted net loss per share |
$ (0.04) |
$ (0.08) |
$ - |
$ (0.15) |
|||
|
Share-based compensation |
0.12 |
0.12 |
0.38 |
0.38 |
|||
|
Amortization of intangible assets |
0.03 |
0.03 |
0.10 |
0.10 |
|||
|
Adjusted Diluted EPS |
$ 0.11 |
$ 0.07 |
$ 0.48 |
$ 0.33 |
|||
