PIXELWORKS, INC.
| ||||||
|
|
| Three Months Ended | ||||
|
|
| March 31, |
| December 31, |
| March 31, |
|
|
| 2023 |
| 2022 |
| 2022 |
Reconciliation of GAAP and non-GAAP gross profit margin |
|
|
|
|
|
|
GAAP gross profit margin |
| 43.8 % |
| 53.1 % |
| 52.7 % |
Stock-based compensation |
| 0.2 % |
| 0.1 % |
| 0.0 % |
Amortization of acquired intangible assets |
| — % |
| — % |
| 0.4 % |
Total reconciling items included in gross profit |
| 0.2 % |
| 0.1 % |
| 0.5 % |
Non-GAAP gross profit margin |
| 44.1 % |
| 53.3 % |
| 53.2 % |
|
|
|
* | 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 | ||
|
| March 31, | December 31, | March 31, |
|
| 2023 | 2022 | 2022 |
Reconciliation of GAAP net loss attributable to Pixelworks Inc. and adjusted
|
|
|
|
GAAP net loss attributable to Pixelworks Inc. | $ (9,396) | $ (1,934) | $ (4,592) |
Stock-based compensation | 1,166 | 1,160 | 1,049 |
Tax effect of non-GAAP adjustments | — | 3 | (3) |
Amortization of acquired intangible assets | — | — | 90 |
Non-GAAP net loss attributable to Pixelworks Inc. | $ (8,230) | $ (771) | $ (3,456) |
EBITDA adjustments: |
|
|
|
| Depreciation and amortization | $ 1,081 | $ 1,167 | $ 1,040 |
| Non-GAAP interest income and other, net | (671) | (272) | (162) |
| Non-GAAP provision (benefit) for income taxes | 34 | (1,132) | 406 |
| Adjusted EBITDA | $ (7,786) | $ (1,008) | $ (2,172) |
|
|
|
| * | 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. |
