Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures | ||||
U.S. Dollars in thousands, except per share amounts | ||||
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| 2021 | 2020 | 2021 | 2020 |
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| Unaudited | Unaudited | Unaudited | Unaudited |
GAAP net income (loss) | $ 315 | ($ 1,090) | ($3,315) | ($2,275) |
Equity-based compensation expense included in cost of revenues | 119 | 156 | 262 | 314 |
Equity-based compensation expense included in research and development
| 1,743 | 1,722 | 3,428 | 3,345 |
Equity-based compensation expense included in sales and marketing
| 367 | 512 | 785 | 963 |
Equity-based compensation expense included in general and administrative
| 677 | 1,027 | 1,629 | 1,902 |
Income tax benefit related to equity-based compensation
| — | (135) | — | (184) |
Amortization of intangible assets, net of taxes, related to acquisition of
| 851 | 684 | 1,537 | 1,377 |
Costs associated with the Intrinsix acquisition | 1,005 | — | 1,005 | — |
Non-GAAP net income | $ 5,077 | $ 2,876 | $ 5,331 | $ 5,442 |
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GAAP weighted-average number of Common Stock used in computation
| 23,140 | 22,017 | 22,685 | 22,006 |
Weighted-average number of shares related to outstanding stock-based
| 343 | 1,015 | 739 | 973 |
Weighted-average number of Common Stock used in computation of
| 23,483 | 23,032 | 23,424 | 22,979 |
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GAAP diluted net income (loss) per share | $ 0.01 | ($ 0.05) | ($ 0.15) | ($ 0.10) |
Equity-based compensation expense, net of taxes | $ 0.13 | $ 0.14 | $ 0.27 | $ 0.28 |
Amortization of intangible assets, net of taxes, related to acquisition of
| $ 0.04 | $ 0.03 | $ 0.07 | $ 0.06 |
Costs associated with the Intrinsix acquisition | $ 0.04 | — | $ 0.04 | — |
| Non-GAAP diluted earnings per share | $ 0.22 | $ 0.12 | $ 0.23 | $ 0.24 |
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CEVA, Inc. Announces Second Quarter 2021 Financial Results
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