PDF Solutions Reports Fourth Fiscal Quarter and Fiscal Year 2018 Results
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PDF SOLUTIONS, INC. | |
RECONCILIATION OF GAAP TO NON-GAAP NET INCOME (LOSS) (UNAUDITED) | |
(In thousands, except per share amounts) | | | | | | | | | | | | | | | | | | |
Three months ended | | |
Year ended
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December 31, | |
September 30, | |
December 31, | |
December 31, |
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December 31, | |
2018 | |
2018 | |
2017 | |
2018 | |
2017 | | GAAP net loss | $ | (3,114 | ) | | $ | (2,082 | ) | | $ | (2,634 | ) | | $ | (7,716 | ) | | $ | (1,337 | ) | | Adjustments to reconcile GAAP net loss to non-GAAP net income (loss): | | | | | | | | | | | | | | | | Stock-based compensation expense | | 2,470 | | | | 2,268 | | | | 3,073 | | | | 10,295 | | | | 11,810 | | | Amortization of acquired technology | | 144 | | | | 144 | | | | 144 | | | | 575 | | | | 471 | | | Amortization of other acquired intangible assets | | 109 | | | | 108 | | | | 107 | | | | 435 | | | | 398 | | | Restructuring charges and severance payments | | 576 | | | | 48 | | | | 30 | | | | 907 | | | | 400 | | | Write-down in value of property and equipment | | 227 | | | | — | | | | — | | | | 227 | | | | — | | | Adjustment to contingent consideration related to acquisition | | 90 | | | | — | | | | — | | | | 90 | | | | — | | | Tax impact of adjustments | | (868 | ) | | | (281 | ) | | | 3,444 | | | | (1,992 | ) | | | 1,231 | | | Non-GAAP net income (loss) | $ | (366 | ) | | $ | 205 | | | $ | 4,164 | | | $ | 2,821 | | | $ | 12,973 | | | | | | | | | | | | | | | | | | | GAAP net loss per diluted share | $ | (0.10 | ) | | $ | (0.06 | ) | | $ | (0.08 | ) | | $ | (0.24 | ) | | $ | (0.04 | ) | | Non-GAAP net income (loss) per diluted share | $ | (0.01 | ) | | $ | 0.01 | | | $ | 0.13 | | | $ | 0.09 | | | $ | 0.39 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Shares used in diluted shares calculation | | 32,476 | | | | 32,385 | | | | 32,866 | | | | 32,466 | | | | 33,204 | | | | | | | | | | | | | | | | | |
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