PIXELWORKS, INC.
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| Three Months Ended | ||
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| March 31, | December 31, | March 31, |
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| 2022 | 2021 | 2021 |
Reconciliation of GAAP and non-GAAP gross profit |
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GAAP gross profit | $ 8,763 | $ 8,873 | $ 3,725 |
Amortization of acquired intangible assets | 72 | 218 | 245 |
Stock-based compensation | 8 | 26 | 79 |
Total reconciling items included in gross profit | 80 | 244 | 324 |
Non-GAAP gross profit | $ 8,843 | $ 9,117 | $ 4,049 |
Non-GAAP gross profit margin | 53.2 % | 55.0 % | 43.7 % |
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Reconciliation of GAAP and non-GAAP operating expenses |
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GAAP operating expenses | $ 12,644 | $ 12,600 | $ 11,639 |
Reconciling item included in research and development: |
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Stock-based compensation | 583 | 623 | 581 |
Reconciling items included in selling, general and administrative: |
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Stock-based compensation | 458 | 940 | 772 |
Amortization of acquired intangible assets | 18 | 53 | 60 |
Total reconciling items included in operating expenses | 1,059 | 1,616 | 1,413 |
Non-GAAP operating expenses | $ 11,585 | $ 10,984 | $ 10,226 |
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Reconciliation of GAAP and non-GAAP net loss attributable to Pixelworks, Inc. |
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GAAP net loss attributable to Pixelworks Inc. | $ (4,592) | $ (3,291) | $ (8,075) |
Reconciling items included in gross profit | 80 | 244 | 324 |
Reconciling items included in operating expenses | 1,059 | 1,616 | 1,413 |
Tax effect of non-GAAP adjustments | (3) | 9 | (20) |
Impact of non-GAAP adjustments to redeemable non-controlling interest | - | (17) | - |
Non-GAAP net loss attributable to Pixelworks Inc. | $ (3,456) | $ (1,439) | $ (6,358) |
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| Non-GAAP net loss attributable to Pixelworks Inc. per share - basic and diluted | $ (0.06) | $ (0.03) | $ (0.12) |
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| Non-GAAP weighted average shares outstanding - basic and diluted | 53,680 | 53,293 | 51,673 |
