SeaChange Reports Estimated and Unaudited Preliminary Fiscal Third Quarter and Nine Month Fiscal 2024 Financial Results - Seite 2
Non-GAAP loss from operations and adjusted EBITDA are non-GAAP financial measures and should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. These non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies. The Company expects to continue to incur expenses similar to the financial adjustments described above in arriving at non-GAAP loss from operations and adjusted EBITDA and investors should not infer from our presentation of these non-GAAP financial measures that these costs are unusual, infrequent or non-recurring. The following table includes the reconciliations of our GAAP loss from operations, the most directly comparable GAAP financial measure, to our non-GAAP loss from operations and adjusted EBITDA for the three and nine months ended October 31, 2023.
Estimated Reconciliation of GAAP to Non-GAAP | ||||||||
(Unaudited) | ||||||||
(Amounts in thousands) | ||||||||
For the Three Months Ended |
For the Nine Months Ended |
|||||||
October 31, 2023 | October 31, 2023 | |||||||
GAAP net loss | $ | (105 | ) | $ | (2,093 | ) | ||
Other (income) expense, net | (284 | ) | (434 | ) | ||||
Income tax provision | 26 | 109 | ||||||
GAAP loss from operations | $ | (363 | ) | $ | (2,418 | ) | ||
Stock-based compensation | 294 | 940 | ||||||
Severance and restructuring costs | 277 | 327 | ||||||
Transaction costs | (84 | ) | 569 | |||||
Non-GAAP loss from operations | $ | 124 | $ | (582 | ) | |||
Depreciation | 117 | 246 | ||||||
Adjusted EBITDA | $ | 241 | $ | (336 | ) |