PIXELWORKS, INC.
| ||||||||||
|
|
| Three Months Ended |
| Six Months Ended | ||||||
|
|
| June 30, |
| March 31, |
| June 30, |
| June 30, |
| June 30, |
|
|
| 2022 |
| 2022 |
| 2021 |
| 2022 |
| 2021 |
Reconciliation of GAAP and non-GAAP gross profit margin |
|
|
|
|
|
|
|
|
|
|
GAAP gross profit margin |
| 49.0 % |
| 52.7 % |
| 50.6 % |
| 50.7 % |
| 46.5 % |
Stock-based compensation |
| 0.3 % |
| 0.0 % |
| 0.5 % |
| 0.2 % |
| 0.7 % |
Amortization of acquired intangible assets |
| - % |
| 0.4 % |
| 1.6 % |
| 0.2 % |
| 2.0 % |
Total reconciling items included in gross profit |
| 0.3 % |
| 0.5 % |
| 2.1 % |
| 0.4 % |
| 2.6 % |
Non-GAAP gross profit margin |
| 49.3 % |
| 53.2 % |
| 52.7 % |
| 51.1 % |
| 49.1 % |
|
|
|
|
|
|
|
|
|
|
|
|
*Set forth above are reconciliations of the non-GAAP financial measure to the most directly comparable GAAP financial measure. The non-GAAP financial measure disclosed by the company has limitations and should not be considered a substitute for, or superior to, the financial measure prepared in accordance with GAAP, and the reconciliations from GAAP to Non-GAAP actuals should be carefully evaluated. Please refer to "Non-GAAP Financial Measures" in this document for an explanation of the adjustments made to the comparable GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors. | ||||||||||
PIXELWORKS, INC.
| |||||
|
| Three Months Ended | Six Months Ended | |||
|
| June 30, | March 31, | June 30, | June 30, | June 30, |
|
| 2022 | 2022 | 2021 | 2022 | 2021 |
| Reconciliation of GAAP net loss attributable to Pixelworks Inc. and adjusted EBITDA |
|
|
|
|
|
| GAAP net loss attributable to Pixelworks Inc. | $ (5,008) | $ (4,592) | $ (4,382) | $ (9,600) | $ (12,457) |
| Stock-based compensation | 1,695 | 1,049 | 1,506 | 2,744 | 2,938 |
| Tax effect of non-GAAP adjustments | (1) | (3) | 4 | (4) | (16) |
| Amortization of acquired intangible assets | - | 90 | 271 | 90 | 576 |
| Non-GAAP net loss attributable to Pixelworks Inc. | $ (3,314) | $ (3,456) | $ (2,601) | $ (6,770) | $ (8,959) |
| EBITDA adjustments: |
|
|
|
|
|
| Depreciation and amortization | $ 1,126 | $ 1,040 | $ 906 | $ 2,166 | $ 1,922 |
| Non-GAAP interest income and other, net | (101) | (162) | (181) | (263) | (237) |
| Non-GAAP provision (benefit) for income taxes | (87) | 406 | 103 | 319 | 340 |
| Adjusted EBITDA | $ (2,376) | $ (2,172) | $ (1,773) | $ (4,548) | $ (6,934) |
|
|
|
|
|
|
|
| *Set forth above are reconciliations of the non-GAAP financial measure to the most directly comparable GAAP financial measure. The non-GAAP financial measure disclosed by the company has limitations and should not be considered a substitute for, or superior to, the financial measure prepared in accordance with GAAP, and the reconciliations from GAAP to Non-GAAP actuals should be carefully evaluated. Please refer to "Non-GAAP Financial Measures" in this document for an explanation of the adjustments made to the comparable GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors. | |||||
