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MATTERPORT, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, except per share amounts) (unaudited) | ||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| GAAP net loss | $ | (44,754 | ) | $ | (58,259 | ) | $ | (155,132 | ) | $ | (50,989 | ) | ||||
| Stock-based compensation related charges(1) | 29,721 | 30,671 | 97,281 | 119,648 | ||||||||||||
| Restructuring charges(2) | 3,147 | — | 3,147 | — | ||||||||||||
| Acquisition-related costs(3) | — | 222 | — | 1,294 | ||||||||||||
| Amortization expense of acquired intangible assets | 443 | 443 | 1,329 | 968 | ||||||||||||
| Change in fair value of warrants liability (4) | (513 | ) | — | (564 | ) | (26,147 | ) | |||||||||
| Change in fair value of contingent earn-out liability (5) | — | — | — | (136,043 | ) | |||||||||||
| Payroll tax related to contingent earn-out share issuance (6) | — | — | — | 1,164 | ||||||||||||
| Non-GAAP net loss | $ | (11,956 | ) | $ | (26,923 | ) | $ | (53,939 | ) | $ | (90,105 | ) | ||||
| GAAP net loss per share attributable to common stockholders, basic and diluted | $ | (0.15 | ) | $ | (0.20 | ) | $ | (0.52 | ) | $ | (0.18 | ) | ||||
| Non-GAAP net loss per share attributable to common stockholders, basic and diluted | $ | (0.04 | ) | $ | (0.09 | ) | $ | (0.18 | ) | $ | (0.32 | ) | ||||
| Weighted-average shares used to compute net loss per share, basic and diluted | 303,432 | 286,458 | 298,226 | 281,729 | ||||||||||||
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Matterport Announces Third Quarter 2023 Financial Results Above Guidance, Raises 2023 Outlook
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