Exhibit 99.1
SYNCHRONOSS TECHNOLOGIES, INC | ||||||||||||||||
Reconciliation of GAAP to Non-GAAP Financial Measures | ||||||||||||||||
(in thousands, except per share data) | ||||||||||||||||
Three Months Ended | Year Ended, | |||||||||||||||
December 31, | December 31, | |||||||||||||||
2008 | 2007 | 2008 | 2007 | |||||||||||||
Non-GAAP financial measures and reconciliation: | ||||||||||||||||
GAAP income from operations | $ | 4,238 | $ | 10,485 | $ | 18,031 | $ | 33,836 | ||||||||
Add: Fair value stock-based compensation | 2,015 | 1,095 | 6,947 | 3,025 | ||||||||||||
Non-GAAP income from operations | $ | 6,253 | $ | 11,580 | $ | 24,978 | $ | 36,861 | ||||||||
GAAP net income attributable to common stockholders | $ | 2,680 | $ | 6,618 | $ | 11,880 | $ | 23,756 | ||||||||
Add: Fair value stock-based compensation, net of tax | 1,178 | 627 | 4,061 | 1,904 | ||||||||||||
Non-GAAP net income | $ | 3,858 | $ | 7,245 | $ | 15,941 | $ | 25,660 | ||||||||
Diluted non-GAAP net income per share | $ | 0.12 | $ | 0.22 | $ | 0.50 | $ | 0.77 | ||||||||
Shares used in per share calculation | 30,982 | 33,658 | 32,187 | 33,375 | ||||||||||||