Applied Micro Circuits Corporation Reports First Quarter Fiscal 2017 Financial Results
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APPLIED MICRO CIRCUITS CORPORATION |
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RECONCILIATION OF GAAP NET LOSS TO NON-GAAP NET LOSS |
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(in thousands, except per share data) |
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(unaudited) |
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Three Months Ended |
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June 30, | |
March 31, | |
June 30, |
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2016 | | | |
2016 | | | |
2015 | |
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| GAAP net loss | $ | (10,539 | ) | | $ | (8,907 | ) | | $ | (7,404 | ) |
| Adjustments: | | | | | |
| | Stock-based compensation expense | | 8,165 | | | | 7,637 | | | | 6,092 | |
| | Restructuring | | - | | | | (57 | ) | | | 96 | |
| | Reversals of impairment charges upon sales of marketable securities | | - | | | | - | | | | (1,427 | ) |
| | Income tax effect on non-GAAP adjustments | | (129 | ) | | | (84 | ) | | | (622 | ) |
| | Total GAAP to non-GAAP adjustments | | 8,036 | | | | 7,496 | | | | 4,139 | |
| Non-GAAP net loss | $ | (2,503 | ) | | $ | (1,411 | ) | | $ | (3,265 | ) |
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| Diluted non-GAAP net loss per share | $ | (0.03 | ) | | $ | (0.02 | ) | | $ | (0.04 | ) |
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| Shares used in calculating diluted non-GAAP net loss per share | | 84,980 | | | | 84,127 | | | | 81,179 | |
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| Diluted net loss per share: | | | | | |
| | GAAP diluted net loss per share | $ | (0.12 | ) | | $ | (0.11 | ) | | $ | (0.09 | ) |
| | GAAP to non-GAAP adjustments | | 0.09 | | | | 0.09 | | | | 0.05 | |
| | Non-GAAP diluted net loss per share | $ | (0.03 | ) | | $ | (0.02 | ) | | $ | (0.04 | ) |
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