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CIMATRON LIMITED | ||||||||||||||||||||||||||||
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RECONCILIATION BETWEEN GAAP AND NON-GAAP INFORMATION | ||||||||||||||||||||||||||||
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(US Dollars in thousands, except for per share data) | ||||||||||||||||||||||||||||
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Three months ended |
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Twelve months ended | ||||||||||||||||||||||||
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December, |
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December, | ||||||||||||||||||||||||
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2013 |
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2012 |
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2013 |
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2012 |
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GAAP |
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Adj. |
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NON-GAAP |
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GAAP |
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Adj. |
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NON-GAAP |
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GAAP |
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Adj. |
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NON-GAAP |
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GAAP |
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Adj. |
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NON-GAAP | ||||
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Total revenue |
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12,748 |
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- |
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12,748 |
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12,357 |
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- |
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12,357 |
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44,246 |
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- |
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44,246 |
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42,314 |
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- |
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42,314 | ||||
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Total cost of revenue |
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1,707 |
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1,560 |
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1,522 |
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1,375 |
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5,829 |
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5,241 |
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5,092 |
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4,923 | ||||
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Non-cash amortization of acquired intangible assets |
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(147) |
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(147) |
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(588) |
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(588) |
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One-time income from OCS agreement |
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419 |
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Gross profit |
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11,041 |
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147 |
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11,188 |
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10,835 |
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147 |
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10,982 |
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38,417 |
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588 |
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39,005 |
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37,222 |
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169 |
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37,391 | ||||
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Research and development expenses (1) |
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2,113 |
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(12) |
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2,101 |
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2,066 |
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- |
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2,066 |
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7,389 |
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(15) |
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7,374 |
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7,001 |
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- |
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7,001 | |||
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Selling, general and administrative expenses |
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6,872 |
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6,735 |
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6,658 |
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6,608 |
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25,566 |
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25,314 |
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24,677 |
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24,331 | |||
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Non-cash amortization of acquired intangible assets |
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- |
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(50) |
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(85) |
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(346) |
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Stock-based compensation |
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(137) |
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- |
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(167) |
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- |
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Operating income |
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2,056 |
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296 |
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2,352 |
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2,111 |
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197 |
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2,308 |
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5,462 |
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855 |
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6,317 |
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5,544 |
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515 |
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6,059 | ||||
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Financial income (expenses), net |
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(14) |
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- |
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(14) |
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16 |
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- |
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16 |
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(23) |
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- |
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(23) |
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(35) |
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- |
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(35) | |||
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Taxes on income (2) |
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262 |
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(867) |
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(605) |
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(771) |
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169 |
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(602) |
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(572) |
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(992) |
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(1,564) |
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(1,770) |
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197 |
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(1,573) | |||
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Other |
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(19) |
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- |
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(19) |
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(23) |
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- |
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(23) |
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(15) |
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- |
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(15) |
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(30) |
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- |
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(30) | |||
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Net income |
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2,285 |
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(571) |
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1,714 |
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1,333 |
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366 |
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1,699 |
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4,852 |
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(137) |
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4,715 |
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3,709 |
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712 |
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4,421 | ||||
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Less: Net (income) loss attributable to the noncontrolling interest |
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1 |
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- |
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1 |
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14 |
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- |
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14 |
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(5) |
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- |
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(5) |
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(10) |
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- |
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(10) | |||
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Net income attributable to Cimatron's shareholders |
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$ 2,286 |
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$ (571) |
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$ 1,715 |
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$ 1,347 |
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$ 366 |
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$ 1,713 |
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$ 4,847 |
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$ (137) |
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$ 4,710 |
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$ 3,699 |
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$ 712 |
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$ 4,411 | ||||
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Net income per share - basic and diluted |
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$ 0.21 |
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$ 0.16 |
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$ 0.14 |
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$ 0.18 |
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$ 0.49 |
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$ 0.48 |
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$ 0.40 |
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$ 0.47 | ||||
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Weighted average number of shares outstanding |
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Basic EPS (in thousands) |
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10,731 |
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10,731 |
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9,338 |
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9,338 |
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9,796 |
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9,796 |
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9,323 |
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9,323 | |||
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Diluted EPS (in thousands) |
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10,855 |
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10,855 |
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9,348 |
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9,348 |
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9,832 |
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9,832 |
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9,337 |
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9,337 | |||
