MATTERPORT, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In thousands, except per share amounts)
(unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| GAAP net income/(loss) | $ | (64,634 | ) | $ | (6,209 | ) | $ | 7,270 | $ | (9,081 | ) | |||||
| Stock-based compensation expense(1) | 32,889 | 601 | 88,977 | 1,259 | ||||||||||||
| Acquisition-related costs(2) | 900 | — | 1,072 | — | ||||||||||||
| Amortization expense of acquired intangible assets | 265 | — | 525 | — | ||||||||||||
| Change in fair value of warrants liabilities (3) | (4,714 | ) | — | (26,147 | ) | — | ||||||||||
| Change in fair value of contingent earn-out liability (4) | — | — | (136,043 | ) | — | |||||||||||
| Payroll tax related to contingent earn-out share issuance (5) | — | — | 1,164 | — | ||||||||||||
| Non-GAAP net loss | $ | (35,294 | ) | $ | (5,608 | ) | $ | (63,182 | ) | $ | (7,822 | ) | ||||
| GAAP net income (loss) per share attributable to common stockholders: | ||||||||||||||||
| Basic | $ | (0.23 | ) | $ | (0.15 | ) | $ | 0.03 | $ | (0.22 | ) | |||||
| Diluted | $ | (0.23 | ) | $ | (0.15 | ) | $ | 0.02 | $ | (0.22 | ) | |||||
| Non-GAAP net loss per share attributable to common stockholders, basic and diluted | $ | (0.12 | ) | $ | (0.03 | ) | $ | (0.23 | ) | $ | (0.05 | ) | ||||
| GAAP weighted-average shares used to compute net income (loss) per share, basic | 283,405 | 41,348 | 279,289 | 40,490 | ||||||||||||
| Weighted-average effect of potentially dilutive securities (6) | — | — | 34,545 | — | ||||||||||||
| GAAP weighted-average shares used to compute net income (loss) per share, diluted | 283,405 | 41,348 | 313,834 | 40,490 | ||||||||||||
| Excluded anti-dilutive weighted-average potential shares of common stock in calculating non-GAAP loss per share | — | — | (34,545 | ) | — | |||||||||||
| Adjustment for common stock issued in connection with the merger (7) | — | 127,499 | — | 127,499 | ||||||||||||
| Non-GAAP weighted-average shares used to compute net loss per share, basic and diluted | 283,405 | 168,847 | 279,289 | 167,989 | ||||||||||||
