Business Outlook
The following table provides a reconciliation of projected Non-GAAP net (loss) income to projected net loss, the most comparable GAAP financial measure:
| (Unaudited) | ||||||||||||||||
|
Three Months Ending
September 30, 2022 |
Year Ending
December 31, 2022 | |||||||||||||||
| (in thousands) | Low | High | Low | High | ||||||||||||
| Net loss | $ | (34,900 | ) | $ | (31,000 | ) | $ | (66,100 | ) | $ | (56,500 | ) | ||||
| Stock-based compensation expense | 23,700 | 23,700 | 86,400 | 86,400 | ||||||||||||
| Amortization of intangible assets | 6,100 | 6,100 | 24,400 | 24,400 | ||||||||||||
| Non-cash interest expense | 500 | 500 | 1,800 | 1,800 | ||||||||||||
| Impact of non-GAAP tax rate | 3,400 | 2,500 | (4,100 | ) | (6,300 | ) | ||||||||||
| Special adjustments and other(1) | — | — | 18,200 | 18,200 | ||||||||||||
| Non-GAAP net (loss) income | $ | (1,200 | ) | $ | 1,800 | $ | 60,600 | $ | 68,000 | |||||||
(1) Year ending December 31, 2022, includes $16.6 million expense on the repurchase of convertible senior notes, $6.9 million currency losses on acquisition-related intercompany loans and $5.3 million gain from a mark-to-market adjustment of contingent consideration associated with the World Programming acquisition.
