Stratasys Reports Record Quarterly Revenue and Non-GAAP Net Income

These adjustments reconcile the Company’s GAAP results of operations to its non-GAAP results of operations. The Company believes that presentation of results adjusted for the non-GAAP items described below provides meaningful supplemental information to both management and investors.

(a) Represents amortization expense of $1,308,036 related to acquired Solidscape, Inc. intangible assets and expense of $71,000 associated with the Company's current efforts to combine with Objet Ltd.

(b) Represents non-cash stock-based compensation expense of $1,897,230, amortization expense of $400,000 related to acquired Solidscape, Inc. intangible assets and expense of $6,977,311 associated with the Company's current efforts to combine with Objet Ltd.

(c) Represents the tax benefit (expense) related to non-GAAP adjustments.

(d) Represents expense of $561,094 related to the revaluation of Solidscape, Inc. inventory at the time of acquisition and expense of $726,687 related to acquired Solidscape, Inc. intangible assets.

(e) Represents non-cash stock-based compensation expense of $1,088,025, amortization expense of $222,222 related to acquired Solidscape, Inc. intangible assets and expense of $615,332 for the acquisition of Solidscape, Inc. during the second quarter of 2011.

(f) Represents gain on sale of an equity investment during the first quarter of 2011 and gain on sale of an auction rate security during the third quarter of 2011.

The Company considers these non-GAAP measures to be indicative of its core operating results and facilitates a comparison of operating results across reporting periods. The Company uses these non-GAAP measures when evaluating its financial results as well as for internal planning and forecasting purposes, however these measures should not be viewed as a substitute for the Company’s GAAP results.

     
STRATASYS, INC. AND SUBSIDIARIES
 
FISCAL YEAR 2012
RECONCILIATION OF NON-GAAP TO GAAP FORWARD LOOKING GUIDANCE
 
        Earnings Per Diluted Share Range
 
U.S. GAAP measure $0.77 to $0.88
 

Adjustments

 
Stock-based compensation expense $0.04 to $0.08
Solidscape, Inc. intangible amortization expense $0.07
Objet-related transaction expense $0.41 to $0.45
 
Non-GAAP estimate $1.37 to $1.40

« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
Methodics User Group Meeting at Maxim Integrated 160 Rio Robles San Jose CA - Jun 5 - 6, 2018
2018 FLEX Korea at Room 402/ 403, COEX Seoul Korea (South) - Jun 20 - 21, 2018
DAC 2018 at Moscone Center West San Francisco CA - Jun 24 - 28, 2018
IEEE 5G World FOrum at 5101 Great America Parkway Santa Clara CA - Jul 9 - 11, 2018
DownStream: Solutions for Post Processing PCB Designs
TrueCircuits: IoTPLL
DAC2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise