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MATTERPORT, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, except per share amounts) (unaudited) | ||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| GAAP net loss | $ | (43,945 | ) | $ | (60,350 | ) | $ | (199,077 | ) | $ | (111,339 | ) | ||||
| Stock-based compensation expense(1) | 30,474 | 33,140 | 127,755 | 152,788 | ||||||||||||
| Restructuring charges(2) | 1,149 | — | 4,296 | — | ||||||||||||
| Acquisition-related costs(3) | — | — | — | 1,294 | ||||||||||||
| Amortization expense of acquired intangible assets | 443 | 443 | 1,772 | 1,411 | ||||||||||||
| Change in fair value of warrants liabilities (4) | 51 | (888 | ) | (513 | ) | (27,035 | ) | |||||||||
| Change in fair value of contingent earn-out liability (5) | — | — | — | (136,043 | ) | |||||||||||
| Investment impairment | — | 1,093 | — | 1,093 | ||||||||||||
| Payroll tax related to contingent earn-out share issuance (6) | — | — | — | 1,164 | ||||||||||||
| Non-GAAP net loss | $ | (11,828 | ) | $ | (26,562 | ) | $ | (65,767 | ) | $ | (116,667 | ) | ||||
| GAAP net loss per share attributable to common stockholders, basic and diluted | $ | (0.14 | ) | $ | (0.21 | ) | $ | (0.66 | ) | $ | (0.39 | ) | ||||
| Non-GAAP net loss per share attributable to common stockholders, basic and diluted | $ | (0.04 | ) | $ | (0.09 | ) | $ | (0.22 | ) | $ | (0.41 | ) | ||||
| Weighted-average shares used to compute net loss per share, basic and diluted | 308,030 | 289,164 | 300,697 | 283,585 | ||||||||||||
(1) Consists primarily of non-cash share-based compensation expense related to our stock incentive plans and earn-out arrangement, and the employer payroll taxes related to our stock options and restricted stock units.
