Procore Announces Fourth Quarter and Full Year 2021 Financial Results

(2) Includes amortization of acquired intangible assets as follows:

 

 

Three Months Ended
December 31,

 

 

Year Ended
December 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Cost of revenue

 

$

4,264

 

 

$

1,032

 

 

$

7,522

 

 

$

3,315

 

Sales and marketing

 

 

2,251

 

 

 

516

 

 

 

3,600

 

 

 

1,728

 

Research and development

 

 

904

 

 

 

233

 

 

 

2,674

 

 

 

721

 

Total amortization of acquired intangible

assets

 

$

7,419

 

 

$

1,781

 

 

$

13,796

 

 

$

5,764

 

(3) Includes employer payroll tax on employee stock transactions as follows:

 

 

Three Months Ended
December 31,

 

 

Year Ended
December 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Cost of revenue

 

$

57

 

 

$

7

 

 

$

457

 

 

$

7

 

Sales and marketing

 

 

495

 

 

 

93

 

 

 

2,325

 

 

 

205

 

Research and development

 

 

398

 

 

 

45

 

 

 

2,606

 

 

 

88

 

General and administrative

 

 

242

 

 

 

187

 

 

 

1,127

 

 

 

272

 

Total employer payroll tax on employee stock

transactions

 

$

1,192

 

 

$

332

 

 

$

6,515

 

 

$

572

 


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