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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, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| GAAP net income (loss) | $ | (56,536 | ) | $ | (64,634 | ) | $ | (110,378 | ) | $ | 7,270 | |||||
| Stock-based compensation related charges (1) | 34,449 | 32,889 | 67,560 | 88,977 | ||||||||||||
| Acquisition-related costs (2) | — | 900 | — | 1,072 | ||||||||||||
| Amortization expense of acquired intangible assets | 443 | 265 | 886 | 525 | ||||||||||||
| Change in fair value of warrants liability (3) | 171 | (4,714 | ) | (51 | ) | (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 | $ | (21,473 | ) | $ | (35,294 | ) | $ | (41,983 | ) | $ | (63,182 | ) | ||||
| GAAP net income (loss) per share attributable to common stockholders: | ||||||||||||||||
| Basic | $ | (0.19 | ) | $ | (0.23 | ) | $ | (0.37 | ) | $ | 0.03 | |||||
| Diluted | $ | (0.19 | ) | $ | (0.23 | ) | $ | (0.37 | ) | $ | 0.02 | |||||
| Non-GAAP net loss per share attributable to common stockholders, basic and diluted | $ | (0.07 | ) | $ | (0.12 | ) | $ | (0.14 | ) | $ | (0.23 | ) | ||||
| Weighted-average shares used to compute GAAP net income (loss) per share, basic | 298,096 | 283,405 | 295,599 | 279,289 | ||||||||||||
| Weighted-average effect of potentially dilutive securities (6) | — | — | — | 34,545 | ||||||||||||
| Weighted-average shares used to compute GAAP net income (loss) per share, diluted | 298,096 | 283,405 | 295,599 | 313,834 | ||||||||||||
| Excluded anti-dilutive weighted-average potential shares of common stock in calculating non-GAAP loss per share | — | — | — | (34,545 | ) | |||||||||||
| Weighted-average shares used to compute non-GAAP net loss per share, basic and diluted | 298,096 | 283,405 | 295,599 | 279,289 | ||||||||||||
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