PIXELWORKS, INC.
RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL INFORMATION * (In thousands) (Unaudited) |
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Three Months Ended | Six Months Ended | |||||||||||||||||||
June 30, | March 31, | June 30, | June 30, | June 30, | ||||||||||||||||
2013 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||
Reconciliation of GAAP net loss and adjusted EBITDA | ||||||||||||||||||||
GAAP net loss | $ | (4,924 | ) | $ | (5,405 | ) | $ | (1,099 | ) | $ | (10,329 | ) | $ | (1,737 | ) | |||||
Stock-based compensation | 600 | 684 | 476 | 1,284 | 978 | |||||||||||||||
Additional amortization of non-cancelable prepaid royalty | 98 | 91 | 156 | 189 | 288 | |||||||||||||||
Tax effect of non-GAAP adjustments | 18 | (43 | ) | 136 | (25 | ) | (8 | ) | ||||||||||||
Non-GAAP net loss | $ | (4,208 | ) | $ | (4,673 | ) | $ | (331 | ) | $ | (8,881 | ) | $ | (479 | ) | |||||
EBITDA adjustments: | ||||||||||||||||||||
Depreciation and amortization | $ | 1,081 | $ | 1,058 | $ | 1,176 | $ | 2,139 | $ | 2,348 | ||||||||||
Interest expense and other, net | 97 | 98 | 101 | 195 | 199 | |||||||||||||||
Non-GAAP provision (benefit) for income taxes | 147 | (155 | ) | 14 | (8 | ) | (605 | ) | ||||||||||||
Adjusted EBITDA | $ | (2,883 | ) | $ | (3,672 | ) | $ | 960 | $ | (6,555 | ) | $ | 1,463 | |||||||