GLAUKO S CO RPO RATIO N

GAAP to Non-GAAP Reconciliations

(in thousands, except per share amounts and percentage data)

(unaudited)

Q1 2024

GAAP

Adjustments

Non-GAAP

Cost of sales

$

20,258

$

(5,523) (a)

$

14,735

Gross Margin

76.3%

6.5%

82.8%

Operating expenses:

Selling, general and administrative

$

61,975

$

(705)

(b)

$

61,270

Loss from operations

$

(39,066)

$

6,228

$

(32,838)

Net loss

$

(40,838)

$

6,228

(c)

$

(34,610)

Basic and diluted net loss per share

$

(0.82)

$

0.12

$

(0.70)

Q 1 2023

GAAP

Adjustment s

Non-GAAP

$

18,071

$

(5,523) (a)

$

12,548

75.5%

7.5%

83.0%

$

53,650

$

(705) (b)

$

52,945

$

(32,993)

$

6,228

$

(26,765)

$

(34,626)

$

6,228

(c)

$

(28,398)

$

(0.72)

$

0.13

$

(0.59)

  1. Cost of sales adjustments related to the acquisition of Avedro, Inc. (Avedro) for amortization of developed technology intangible assets of $5.5 million in Q1 2024 and Q1 2023.
  2. Avedro acquisition-related expenses for amortization expense of customer relationship intangible assets of $0.7 million in Q1 2024 and Q1 2023.
  3. Includes total tax effect for non-GAAPpre-tax adjustments. For non-GAAP adjustments associated with the U.S., the tax effect is $0 given the Company's U.S. taxable loss positions in both 2024 and 2023.

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Glaukos Corporation published this content on 01 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 10:43:07 UTC.