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MATTERPORT, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, except per share amounts) (unaudited) | ||||||||||||||||
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Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| GAAP net loss | $ | (38,401 | ) | $ | (44,754 | ) | $ | (216,115 | ) | $ | (155,132 | ) | ||||
| Stock-based compensation related charges (1) | 31,445 | 29,721 | 93,793 | 97,281 | ||||||||||||
| Restructuring charges (2) | — | 3,147 | — | 3,147 | ||||||||||||
| Acquisition-related costs (3) | 4,271 | — | 12,194 | — | ||||||||||||
| Amortization expense of acquired intangible assets | 443 | 443 | 1,329 | 1,329 | ||||||||||||
| Change in fair value of warrants liability (4) | (169 | ) | (513 | ) | 895 | (564 | ) | |||||||||
| Litigation expense (5) | — | — | 95,000 | — | ||||||||||||
| Non-GAAP net loss | $ | (2,411 | ) | $ | (11,956 | ) | $ | (12,904 | ) | $ | (53,939 | ) | ||||
| GAAP net loss per share attributable to common stockholders, basic and
diluted | $ | (0.12 | ) | $ | (0.15 | ) | $ | (0.68 | ) | $ | (0.52 | ) | ||||
| Non-GAAP net loss per share attributable to common stockholders, basic and
diluted | $ | (0.01 | ) | $ | (0.04 | ) | $ | (0.04 | ) | $ | (0.18 | ) | ||||
| Weighted-average shares used to compute net loss per share, basic and diluted | 321,151 | 303,432 | 317,002 | 298,226 | ||||||||||||
| (1) Consists primarily of non-cash share-based compensation expense related to our stock incentive plans, and the employer payroll
taxes related to our stock options and restricted stock units. | ||||||||||||||||
| (2) Consists of severance and other employee separation costs, and cease use charges for operating lease right-of-use assets due to
reduction of leased office spaces. | ||||||||||||||||
| (3) Consists of acquisition transaction costs incurred for the proposed transaction with CoStar Group, Inc. | ||||||||||||||||
| (4) Consists of the non-cash fair value measurement change for private warrants. | ||||||||||||||||
| (5) Represents charges associated with our litigation for the nine months ended September 30, 2024. | ||||||||||||||||
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Matterport Announces Record Third Quarter 2024 Financial Results
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Amazon Web Services (AWS) Recognizes Matterport’s Expertise In Digital Twins and Connected Devices
