Financial Results
The following table provides a reconciliation of Non-GAAP net income (loss) and Non-GAAP net income (loss) per share – diluted, to net loss and net loss per share – diluted, the most comparable GAAP financial measures:
(Unaudited) | |||||||||||||||
Three Months Ended
September 30, |
Nine Months Ended
September 30, | ||||||||||||||
(in thousands, except per share amounts) | 2020 | 2019 | 2020 | 2019 | |||||||||||
Net loss | $ | (8,505 | ) | $ | (15,939 | ) | $ | (12,698 | ) | $ | (6,040 | ) | |||
Stock-based compensation expense | 6,234 | 2,292 | 13,939 | 5,584 | |||||||||||
Amortization of intangible assets | 3,858 | 3,545 | 11,390 | 10,673 | |||||||||||
Special adjustments (1) | (950 | ) | 1,027 | (372 | ) | 2,031 | |||||||||
Income tax effect of non-GAAP adjustments | (267 | ) | (688 | ) | (929 | ) | (1,103 | ) | |||||||
Non-GAAP net income (loss) | $ | 370 | $ | (9,763 | ) | $ | 11,330 | $ | 11,145 | ||||||
Net loss per share - diluted | $ | (0.12 | ) | $ | (0.22 | ) | $ | (0.17 | ) | $ | (0.08 | ) | |||
Non-GAAP net income (loss) per share - diluted | $ | — | $ | (0.13 | ) | $ | 0.14 | $ | 0.14 | ||||||
GAAP diluted shares outstanding: | 73,311 | 71,770 | 72,979 | 71,313 | |||||||||||
Non-GAAP diluted shares outstanding: | 80,700 | 77,800 | 80,700 | 77,800 |