PDF Solutions® Reports First Quarter 2024 Results
PDF SOLUTIONS, INC.
RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (UNAUDITED)
(In thousands) | | | | | | | | | | |
| | |
Three months ended | |
| | |
March 31, | |
December 31, | |
March 31, | |
| | |
2024 | |
2023 | |
2023 | |
| | | | | | | | | | |
| GAAP | | | | | | | | | | |
| Total revenues | | $ | 41,310 | | $ | 41,125 | | $ | 40,759 | |
| Costs of revenues | | | 13,529 | | | 13,194 | | | 11,904 | |
| GAAP gross profit | | $ | 27,781 | | $ | 27,931 | | $ | 28,855 | |
| GAAP gross margin | | | 67 | % | | 68 | % | | 71 | % |
| | | | | | | | | | | |
| Non-GAAP | | | | | | | | | | |
| GAAP gross profit | | $ | 27,781 | | $ | 27,931 | | $ | 28,855 | |
| Adjustments to reconcile GAAP to non-GAAP gross margin: | | | | | | | | | | |
| Stock-based compensation expense | | | 1,200 | | | 1,147 | | | 964 | |
| Amortization of acquired technology | | | 584 | | | 586 | | | 553 | |
| Non-GAAP gross profit | | $ | 29,565 | | $ | 29,664 | | $ | 30,372 | |
| Non-GAAP gross margin | | | 72 | % | | 72 | % | | 75 | % |
