The following table provides a reconciliation of projected Non-GAAP net income to projected net loss, the most comparable GAAP financial measure:
| (Unaudited) | ||||||||||||||||
|
Three Months Ending
June 30, 2023 |
Year Ending
December 31, 2023 | |||||||||||||||
| (in thousands) | Low | High | Low | High | ||||||||||||
| Net loss | $ | (15,800 | ) | $ | (13,900 | ) | $ | (19,700 | ) | $ | (10,000 | ) | ||||
| Stock-based compensation expense | 21,000 | 21,000 | 85,200 | 85,200 | ||||||||||||
| Amortization of intangible assets | 7,600 | 7,600 | 30,200 | 30,200 | ||||||||||||
| Non-cash interest expense | 500 | 500 | 1,800 | 1,800 | ||||||||||||
| Impact of non-GAAP tax rate | (1,800 | ) | (2,200 | ) | (12,900 | ) | (15,200 | ) | ||||||||
| Special adjustments and other(1) | — | — | 5,200 | 5,200 | ||||||||||||
| Non-GAAP net income | $ | 11,500 | $ | 13,000 | $ | 89,800 | $ | 97,200 | ||||||||
(1) The year ending December 31, 2023, includes $7.0 million loss from a mark-to-market adjustment of contingent consideration associated with the World Programming acquisition and $1.8 million currency gains on acquisition-related intercompany loans.
