Delive s Reve ue, G oss Ma gi , a d Ea i gs Pe Sha e Exceedi g the High E d of the Outlook Ra ge; Sees Co ti ued St o g B oad Based Dema d
LIVERMORE, Calif., Oct. 28, 2026 (GLOBE NEWSWIRE) — Fo mFacto , I c. (Nasdaq: FORM) today a ou ced its fi a cial esults fo the thi d qua te of fiscal 2026 e ded Septembe 26, 2026. Qua te ly eve ues we e $280.5 millio , a i c ease of 8.6% compa ed to $258.2 millio i the seco d qua te of fiscal 2026, a d a i c ease of 38.4% f om $202.7 millio i the thi d qua te of fiscal 2025.
- Fou th co secutive qua te ly eve ue eco d, ea ly 40% highe tha the p io yea qua te
- Te pe ce t seque tial g owth i Fou d y & Logic, with b oad-based st e gth ac oss multiple e d applicatio s
- G eate tha twe ty pe ce t seque tial g owth i Systems segme t eve ue o highe dema d fo co-packaged optics
- Followi g the e d of the thi d qua te , a ou ced expa sio of lo gsta di g pa t e ship with Te ady e aimed at accele ati g the developme t, validatio , a d high-volume p oductio of ext-ge e atio semico ducto applicatio s e abli g high-pe fo ma ce compute
“Fo mFacto co ti ued its st o g mome tum du i g the thi d qua te , delive i g g owth i eve ue, g oss ma gi , a d ea i gs pe sha e that exceeded the high e d of ou guida ce,” said Mike Slesso , CEO of Fo mFacto , I c. “These esults u de sco e the st e gth of ou dive sified leade ship positio at the i te sectio of high-pe fo ma ce compute a d adva ced packagi g, a d ou ability to meet isi g custome dema d by i c easi g output withi ou existi g ma ufactu i g footp i t.”
O a GAAP basis, et i come fo the thi d qua te of fiscal 2026 was $73.8 millio , o $0.93 pe fully-diluted sha e, compa ed to et i come fo the seco d qua te of fiscal 2026 of $56.2 millio , o $0.71 pe fully-diluted sha e, a d et i come fo the thi d qua te of fiscal 2025 of $15.7 millio , o $0.20 pe fully-diluted sha e. G oss ma gi fo the thi d qua te of 2026 was 54.7%, compa ed with 50.7% i the seco d qua te of 2026, a d 39.8% i the thi d qua te of 2025.
O a o -GAAP basis, et i come fo the thi d qua te of fiscal 2026 was $82.3 millio , o $1.04 pe fully-diluted sha e, compa ed to et i come fo the seco d qua te of fiscal 2026 of $65.0 millio , o $0.82 pe fully-diluted sha e, a d et i come fo the thi d qua te of fiscal 2025 of $25.7 millio , o $0.33 pe fully-diluted sha e. O a o -GAAP basis, g oss ma gi fo the thi d qua te of 2026 was 56.5%, compa ed with 53.3% i the seco d qua te of 2026, a d 41.0% i the thi d qua te of 2025.
GAAP et cash p ovided by ope ati g activities fo the thi d qua te of fiscal 2026 was $104.3 millio , compa ed to $61.8 millio fo the seco d qua te of fiscal 2026, a d $27.0 millio fo the thi d qua te of fiscal 2025. F ee cash flow fo the thi d qua te of fiscal 2026 was $64.8 millio , compa ed to f ee cash flow fo the seco d qua te of fiscal 2026 of $52.6 millio , a d f ee cash flow fo the thi d qua te of 2025 of $19.7 millio .
A eco ciliatio of GAAP to o -GAAP measu es is p ovided i the schedules i cluded below.
D . Slesso added, “Ou fou th-qua te outlook eflects co ti ued b oad-based st e gth i dema d. While the p oductivity gai s f om ou existi g ma ufactu i g footp i t a e mode ati g as we app oach its capacity limits, we a e b i gi g ou ew Fa me s B a ch facto y o li e, which will p ovide additio al capacity to suppo t ou g owth.”
Fo the fou th qua te e di g Decembe 26, 2026, Fo mFacto is p ovidi g the followi g outlook*:
| Reve ue | $285 millio +/- $10 millio | — | $285 millio +/- $10 millio | G oss ma gi | 52.3% +/- 1.5% | $4.9 millio | 54.0% +/- 1.5% | Net i come pe diluted sha e | $0.84 +/- $0.09 | $0.11 | $0.95 +/- $0.09 |
*This outlook assumes co siste t fo eig cu e cy ates.**Reco cili g items a e stock-based compe satio , amo tizatio of i ta gible assets, a d est uctu i g cha ges, et of applicable i come tax impacts.
We posted ou eve ue b eakdow by geog aphic egio , by ma ket segme t a d with custome s with g eate tha 10% of total eve ue o the I vesto Relatio s sectio of ou website at www.fo mfacto .com. We will co duct a co fe e ce call at 1:25 p.m. PT, o 4:25 p.m. ET, today.
The public is i vited to liste to a live webcast of Fo mFacto ’s co fe e ce call o the I vesto Relatio s sectio of ou website at www.fo mfacto .com. A telepho e eplay of the co fe e ce call will be available app oximately two hou s afte the co clusio of the call. The eplay will be available o the I vesto Relatio s sectio of ou website, www.fo mfacto .com.
Use of No -GAAP Fi a cial I fo matio :
To suppleme t ou co de sed co solidated fi a cial esults p epa ed u de ge e ally accepted accou ti g p i ciples, o GAAP, we disclose ce tai o -GAAP measu es of o -GAAP et i come, o -GAAP et i come pe basic a d diluted sha e, o -GAAP g oss p ofit, o -GAAP g oss ma gi , o -GAAP ope ati g expe ses, o -GAAP ope ati g i come a d f ee cash flow, that a e adjusted f om the ea est GAAP fi a cial measu e to exclude ce tai costs, expe ses, gai s a d losses. Reco ciliatio s of the adjustme ts to GAAP esults fo the th ee a d i e mo ths e ded Septembe 26, 2026, a d fo outlook p ovided befo e, as well as fo the compa able pe iod of fiscal 2025, a e p ovided below, a d o the I vesto Relatio s sectio of ou website at www.fo mfacto .com. I fo matio ega di g the ways i which ma ageme t uses o -GAAP fi a cial i fo matio to evaluate its busi ess, ma ageme t’s easo s fo usi g this o -GAAP fi a cial i fo matio , a d limitatio s associated with the use of o -GAAP fi a cial i fo matio , is i cluded u de “About ou No -GAAP Fi a cial Measu es” followi g the tables below.
About Fo mFacto :
Fo mFacto , I c. (Nasdaq: FORM), is a leadi g p ovide of esse tial test a d measu eme t tech ologies alo g the full semico ducto p oduct life cycle – f om cha acte izatio , modeli g, eliability, a d desig de-bug, to qualificatio a d p oductio test. Semico ducto compa ies ely upo Fo mFacto ’s p oducts a d se vices to optimize device pe fo ma ce a d adva ce yield k owledge. The Compa y se ves custome s th ough its etwo k of facilities i Asia, Eu ope, a d No th Ame ica. Fo mo e i fo matio , visit the Compa y’s website at www.fo mfacto .com.
Fo wa d-looki g Stateme ts:
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the “safe ha bo ” p ovisio s of the fede al secu ities laws, i cludi g with espect to the Compa y’s futu e fi a cial a d ope ati g esults, ma ket dema d, a d the Compa y’s pla s, st ategies a d objectives fo futu e ope atio s. These stateme ts a e based o ma ageme t’s cu e t expectatio s a d beliefs as of the date of this elease, a d a e subject to a umbe of isks a d u ce tai ties, ma y of which a e beyo d the Compa y’s co t ol, that could cause actual esults to diffe mate ially f om those desc ibed i the fo wa d-looki g stateme ts. These fo wa d-looki g stateme ts i clude, but a e ot limited to, stateme ts ega di g futu e fi a cial a d ope ati g esults, i cludi g u de the headi g “Outlook” above, the Compa y’s pe fo ma ce, the Compa y’s busi ess st ategies, the Compa y’s p oductio pla s, i cludi g the expected be efits of the Fa me s B a ch site, the expected be efits of the Compa y’s collabo atio with Te ady e, a d othe stateme ts ega di g the Compa y’s busi ess. Fo wa d-looki g stateme ts may co tai wo ds such as “may,” “might,” “will,” “expect,” “pla ,” “a ticipate,” “fo ecast,” “co ti ue,” a d “p ospect,” a d the egative o plu al of these wo ds a d simila exp essio s, a d i clude the assumptio s that u de lie such stateme ts. The followi g facto s, amo g othe s, could cause actual esults to diffe mate ially f om those desc ibed i the fo wa d-looki g stateme ts: cha ges i a d impacts f om expo t co t ol, ta iffs a d othe t ade ba ie s; cha ges i dema d fo the Compa y’s p oducts; custome -specific dema d; ma ket oppo tu ity; a ticipated i dust y t e ds; the availability, be efits, a d speed of custome accepta ce o impleme tatio of ew p oducts a d tech ologies; ma ufactu i g, p ocessi g, a d desig capacity, goals, expa sio , volumes, a d p og ess; difficulties o delays i esea ch a d developme t; i dust y seaso ality; isks to the Compa y’s ealizatio of be efits f om acquisitio s a d i vestme ts; dema d volatility a d cyclicality of the i dust y; adva ceme t of a tificial i tellige ce; elia ce o custome s o thi d pa ties (i cludi g supplie s); cha ges i mac o-eco omic e vi o me ts; eve ts affecti g global a d egio al eco omic a d ma ket co ditio s a d stability such as ta iffs, milita y co flicts, political volatility, a d simila facto s, ope ati g sepa ately o i combi atio ; a d othe facto s, i cludi g those set fo th i the Compa y’s most cu e t a ual epo t o Fo m 10-K, qua te ly epo ts o Fo m 10-Q a d othe fili gs by the Compa y with the U.S. Secu ities a d Excha ge Commissio . I additio , the e a e va yi g ba ie s to i te atio al t ade, i cludi g est ictive t ade a d expo t egulatio s such as the US-Chi a est ictio s, dy amic ta iffs, t ade disputes betwee the U.S. a d othe cou t ies, a d atio al secu ity developme ts o te sio s, that may substa tially est ict o co ditio ou sales to o i ce tai cou t ies, i c ease the cost of doi g busi ess i te atio ally, a d dis upt ou supply chai . No assu a ces ca be give that a y of the eve ts a ticipated by the fo wa d-looki g stateme ts withi this p ess elease will t a spi e o occu , o if a y of them do so, what impact they will have o the esults of ope atio s o fi a cial co ditio of the Compa y. U less equi ed by law, the Compa y is u de o obligatio (a d exp essly disclaims a y such obligatio ) to update o evise its fo wa d-looki g stateme ts whethe as a esult of ew i fo matio , futu e eve ts, o othe wise.
| Reve ues | $ | 280,547 | $ | 258,242 | $ | 202,676 | $ | 764,933 | $ | 569,830 | Cost of eve ues | 127,151 | 127,320 | 122,050 | 393,821 | 351,743 | G oss p ofit | 153,396 | 130,922 | 80,626 | 371,112 | 218,087 | Ope ati g expe ses: | Resea ch a d developme t | 29,504 | 31,099 | 28,686 | 91,383 | 85,279 | Selli g, ge e al a d admi ist ative | 35,920 | 37,165 | 32,971 | 105,377 | 97,907 | Facto y sta t-up costs | 6,375 | 4,859 | 964 | 18,308 | 1,321 | Total ope ati g expe ses | 71,799 | 73,123 | 62,621 | 215,068 | 184,507 | Ope ati g i come | 81,597 | 57,799 | 18,005 | 156,044 | 33,580 | I te est i come, et | 3,336 | 2,683 | 1,976 | 8,193 | 7,935 | Othe i come (expe se), et | (143 | ) | 212 | 444 | 510 | 1,328 | I come befo e i come taxes a d equity i vestme t | 84,790 | 60,694 | 20,425 | 164,747 | 42,843 | P ovisio fo i come taxes | 13,114 | 6,729 | 5,937 | 20,239 | 9,384 | I come (loss) f om equity i vestme t | 2,144 | 2,242 | 1,168 | 5,903 | (2,316 | ) | Net i come | $ | 73,820 | $ | 56,207 | $ | 15,656 | $ | 150,411 | $ | 31,143 | Net i come pe sha e: | Basic | $ | 0.94 | $ | 0.72 | $ | 0.20 | $ | 1.93 | $ | 0.40 | Diluted | $ | 0.93 | $ | 0.71 | $ | 0.20 | $ | 1.89 | $ | 0.40 | Weighted-ave age umbe of sha es used i pe sha e calculatio s: | Basic | 78,287 | 78,036 | 77,387 | 78,049 | 77,270 | Diluted | 79,447 | 79,607 | 77,734 | 79,385 | 77,684 |
| $ | 153,396 | $ | 130,922 | $ | 80,626 | $ | 371,112 | $ | 218,087 | Adjustme ts: | Rest uctu i g cha ges | 2,767 | 4,292 | 116 | 28,557 | 359 | Stock-based compe satio | 1,626 | 1,660 | 1,941 | 5,068 | 5,636 | Amo tizatio of i ta gibles a d fixed asset fai value adjustme ts due to acquisitio s | 697 | 745 | 490 | 2,101 | 1,560 | $ | 158,486 | $ | 137,619 | $ | 83,173 | $ | 406,838 | $ | 225,642 | 54.7 | % | 50.7 | % | 39.8 | % | 48.5 | % | 38.3 | % | Adjustme ts: | Rest uctu i g cha ges | 1.0 | % | 1.7 | % | 0.1 | % | 3.7 | % | 0.1 | % | Stock-based compe satio | 0.6 | % | 0.6 | % | 0.9 | % | 0.7 | % | 0.9 | % | Amo tizatio of i ta gibles a d fixed asset fai value adjustme ts due to acquisitio s | 0.2 | % | 0.3 | % | 0.2 | % | 0.3 | % | 0.3 | % | 56.5 | % | 53.3 | % | 41.0 | % | 53.2 | % | 39.6 | % | $ | 71,799 | $ | 73,123 | $ | 62,621 | $ | 215,068 | $ | 184,507 | Adjustme ts: | Rest uctu i g cha ges | (84 | ) | (201 | ) | (273 | ) | (2,108 | ) | (3,291 | ) | Stock-based compe satio | (7,176 | ) | (6,930 | ) | (7,575 | ) | (20,327 | ) | (23,067 | ) | Amo tizatio of i ta gibles | (98 | ) | (196 | ) | (191 | ) | (294 | ) | (573 | ) | Costs elated to sale a d acquisitio of busi esses | (24 | ) | (142 | ) | — | (262 | ) | (272 | ) | $ | 64,417 | $ | 65,654 | $ | 54,582 | $ | 192,077 | $ | 157,304 | $ | 81,597 | $ | 57,799 | $ | 18,005 | $ | 156,044 | $ | 33,580 | Adjustme ts: | Rest uctu i g cha ges | 2,851 | 4,493 | 389 | 30,665 | 3,650 | Stock-based compe satio | 8,802 | 8,590 | 9,516 | 25,395 | 28,703 | Amo tizatio of i ta gibles a d fixed asset fai value adjustme ts due to acquisitio s | 795 | 941 | 681 | 2,395 | 2,133 | Costs elated to sale a d acquisitio of busi esses | 24 | 142 | — | 262 | 272 | $ | 94,069 | $ | 71,965 | $ | 28,591 | $ | 214,761 | $ | 68,338 |
| $ | 73,820 | $ | 56,207 | $ | 15,656 | $ | 150,411 | $ | 31,143 | Adjustme ts: | Rest uctu i g cha ges | 2,851 | 4,493 | 389 | 30,665 | 3,650 | Stock-based compe satio | 8,802 | 8,590 | 9,516 | 25,395 | 28,703 | Amo tizatio of i ta gibles a d fixed asset fai value adjustme ts due to acquisitio s | 795 | 941 | 681 | 2,395 | 2,133 | Costs elated to sale a d acquisitio of busi esses, et of gai o sale of assets | 24 | 142 | 91 | 186 | 3,768 | I come tax effect of o -GAAP adjustme ts | (4,014 | ) | (5,367 | ) | (649 | ) | (17,255 | ) | (4,487 | ) | $ | 82,278 | $ | 65,006 | $ | 25,684 | $ | 191,797 | $ | 64,910 | Basic | $ | 0.94 | $ | 0.72 | $ | 0.20 | $ | 1.93 | $ | 0.40 | Diluted | $ | 0.93 | $ | 0.71 | $ | 0.20 | $ | 1.89 | $ | 0.40 | Basic | $ | 1.05 | $ | 0.83 | $ | 0.33 | $ | 2.46 | $ | 0.84 | Diluted | $ | 1.04 | $ | 0.82 | $ | 0.33 | $ | 2.42 | $ | 0.84 | $ | 104,270 | $ | 61,803 | $ | 26,991 | $ | 211,034 | $ | 69,423 | Adjustme ts: | Sale of busi ess a d acquisitio elated payme ts i wo ki g capital | 75 | 265 | 83 | 1,216 | 1,472 | Cash paid fo i te est | 81 | 83 | 89 | 249 | 276 | Capital expe ditu es | (39,648 | ) | (9,599 | ) | (7,505 | ) | (64,439 | ) | (92,345 | ) | $ | 64,778 | $ | 52,552 | $ | 19,658 | $ | 148,060 | $ | (21,174 | ) | $ | (62,038 | ) | $ | (65,304 | ) | $ | 6,718 | $ | (150,749 | ) | $ | (156,495 | ) | $ | (14,653 | ) | $ | (9,526 | ) | $ | (2,382 | ) | $ | (25,375 | ) | $ | (9,560 | ) |
| Cash flows f om ope ati g activities: | Net i come | $ | 150,411 | $ | 31,143 | Selected adjustme ts to eco cile et i come to et cash p ovided by ope ati g activities: | Dep eciatio a d amo tizatio | 26,639 | 28,161 | Stock-based compe satio expe se | 25,556 | 28,703 | P ovisio fo excess a d obsolete i ve to ies | 10,615 | 9,922 | Loss (i come) f om equity i vestme t | (5,903 | ) | 2,316 | No -cash est uctu i g cha ges | 15,437 | 2,119 | Othe activity impacti g ope ati g cash flows | (11,721 | ) | (32,941 | ) | Net cash p ovided by ope ati g activities | 211,034 | 69,423 | Cash flows f om i vesti g activities: | Acquisitio of p ope ty, pla t a d equipme t | (64,439 | ) | (92,345 | ) | P oceeds f om sale of assets | 875 | 103 | Pu chase of equity i vestme t | — | (67,156 | ) | Pu chases of ma ketable secu ities, et | (87,185 | ) | 2,903 | Net cash used i i vesti g activities | (150,749 | ) | (156,495 | ) | Cash flows f om fi a ci g activities: | Pu chase of commo stock th ough stock epu chase p og am | — | (26,244 | ) | P oceeds f om issua ces of commo stock | 11,102 | 26,119 | P i cipal epayme ts o te m loa s | (850 | ) | (826 | ) | Tax withholdi gs elated to et sha e settleme ts of equity awa ds | (35,627 | ) | (8,609 | ) | Net cash used i fi a ci g activities | (25,375 | ) | (9,560 | ) | Effect of excha ge ate cha ges o cash, cash equivale ts a d est icted cash | (188 | ) | 537 | Net i c ease (dec ease) i cash, cash equivale ts a d est icted cash | 34,722 | (96,095 | ) | Cash, cash equivale ts a d est icted cash, begi i g of pe iod | 107,047 | 197,206 | Cash, cash equivale ts a d est icted cash, e d of pe iod | $ | 141,769 | $ | 101,111 |
| Cu e t assets: | Cash a d cash equivale ts | $ | 138,179 | $ | 109,761 | $ | 103,330 | Ma ketable secu ities | 257,233 | 235,879 | 171,842 | Accou ts eceivable, et of allowa ce fo c edit losses | 152,663 | 155,777 | 125,416 | I ve to ies, et | 129,635 | 121,409 | 110,884 | Rest icted cash | 729 | 765 | 1,063 | P epaid expe ses a d othe cu e t assets | 45,855 | 45,918 | 44,519 | Total cu e t assets | 724,294 | 669,509 | 557,054 | Rest icted cash | 2,861 | 2,621 | 2,654 | Ope ati g lease, ight-of-use-assets | 13,497 | 15,089 | 17,202 | P ope ty, pla t a d equipme t, et of accumulated dep eciatio | 300,369 | 265,402 | 259,068 | Equity i vestme t | 70,467 | 65,891 | 64,096 | Goodwill | 212,562 | 212,557 | 216,029 | I ta gible assets, et | 17,172 | 17,961 | 16,302 | Defe ed tax assets | 87,682 | 90,916 | 89,524 | Othe assets | 2,797 | 2,534 | 2,433 | Total assets | $ | 1,431,701 | $ | 1,342,480 | $ | 1,224,362 | Cu e t liabilities: | Accou ts payable | $ | 75,408 | $ | 77,427 | $ | 47,436 | Acc ued liabilities | 57,714 | 53,292 | 47,535 | Cu e t po tio of lo g-te m debt, et of u amo tized issua ce costs | 1,161 | 1,153 | 1,137 | Defe ed eve ue | 36,589 | 23,976 | 20,091 | Defe ed g a t | 18,000 | — | — | Ope ati g lease liabilities | 8,126 | 8,317 | 7,662 | Total cu e t liabilities | 196,998 | 164,165 | 123,861 | Lo g-te m debt, less cu e t po tio , et of u amo tized issua ce costs | 10,197 | 10,491 | 11,071 | Defe ed tax liabilities | 2,281 | 2,382 | 1,600 | Lo g-te m ope ati g lease liabilities | 8,276 | 9,951 | 12,488 | Defe ed g a t | — | 18,000 | 18,000 | Othe liabilities | 32,665 | 26,131 | 21,939 | Total liabilities | 250,417 | 231,120 | 188,959 | Stockholde s’ equity: | Commo stock | 78 | 78 | 78 | Additio al paid-i capital | 864,843 | 870,028 | 863,547 | Accumulated othe comp ehe sive loss | (9,354 | ) | (10,643 | ) | (3,528 | ) | Accumulated i come | 325,717 | 251,897 | 175,306 | Total stockholde s’ equity | 1,181,284 | 1,111,360 | 1,035,403 | Total liabilities a d stockholde s’ equity | $ | 1,431,701 | $ | 1,342,480 | $ | 1,224,362 |
About ou No -GAAP Fi a cial Measu es:
We believe that the p ese tatio of o -GAAP et i come, o -GAAP et i come pe basic a d diluted sha e, o -GAAP g oss p ofit, o -GAAP g oss ma gi , o -GAAP ope ati g expe ses, o -GAAP ope ati g i come a d f ee cash flow p ovides suppleme tal i fo matio that is impo ta t to u de sta d fi a cial a d busi ess t e ds a d othe facto s elati g to ou fi a cial co ditio a d esults of ope atio s. No -GAAP et i come, o -GAAP et i come pe basic a d diluted sha e, o -GAAP g oss p ofit, o -GAAP g oss ma gi , o -GAAP ope ati g expe ses, a d o -GAAP ope ati g i come a e amo g the p ima y i dicato s used by ma ageme t as a basis fo pla i g a d fo ecasti g futu e pe iods, a d by ma ageme t a d ou boa d of di ecto s to dete mi e whethe ou ope ati g pe fo ma ce has met ce tai ta gets a d th esholds. Ma ageme t uses o -GAAP et i come, o -GAAP et i come pe basic a d diluted sha e, o -GAAP g oss p ofit, o -GAAP g oss ma gi , o -GAAP ope ati g expe ses, a d o -GAAP ope ati g i come whe evaluati g ope ati g pe fo ma ce because it believes that the exclusio of the items i dicated he ei , fo which the amou ts o timi g may va y sig ifica tly depe di g upo ou activities a d othe facto s, facilitates compa ability of ou ope ati g pe fo ma ce f om pe iod to pe iod. We use f ee cash flow to co duct a d evaluate ou busi ess as a additio al way of viewi g ou liquidity that, whe viewed with ou GAAP esults, p ovides a mo e complete u de sta di g of facto s a d t e ds affecti g ou cash flows. Ma y i vesto s also p efe to t ack f ee cash flow, as opposed to o ly GAAP ea i gs. F ee cash flow has limitatio s due to the fact that it does ot ep ese t the esidual cash flow available fo disc etio a y expe ditu es, a d the efo e it is impo ta t to view f ee cash flow as a compleme t to ou e ti e co solidated stateme ts of cash flows. We have chose to p ovide this o -GAAP i fo matio to i vesto s so they ca a alyze ou ope ati g esults close to the way that ma ageme t does, a d use this i fo matio i thei assessme t of ou busi ess a d the valuatio of ou Compa y. We compute o -GAAP et i come, o -GAAP et i come pe basic a d diluted sha e, o -GAAP g oss p ofit, o -GAAP g oss ma gi , o -GAAP ope ati g expe ses, a d o -GAAP ope ati g i come, by adjusti g GAAP et i come, GAAP et i come pe basic a d diluted sha e, GAAP g oss p ofit, GAAP g oss ma gi , GAAP ope ati g expe ses, a d GAAP ope ati g i come to emove the impact of ce tai items a d the tax effect, if applicable, of those adjustme ts. These o -GAAP measu es a e ot i acco da ce with, o a alte ative to, GAAP, a d may be mate ially diffe e t f om othe o -GAAP measu es, i cludi g simila ly titled o -GAAP measu es used by othe compa ies. The p ese tatio of this additio al i fo matio should ot be co side ed i isolatio f om, as a substitute fo , o supe io to, et i come, et i come pe basic a d diluted sha e, g oss p ofit, g oss ma gi , ope ati g expe ses, o ope ati g i come i acco da ce with GAAP. No -GAAP fi a cial measu es have limitatio s i that they do ot eflect ce tai items that may have a mate ial impact upo ou epo ted fi a cial esults. We may expect to co ti ue to i cu expe ses of a atu e simila to the o -GAAP adjustme ts desc ibed above, a d exclusio of these items f om ou o -GAAP et i come, o -GAAP et i come pe basic a d diluted sha e, o -GAAP g oss p ofit, o -GAAP g oss ma gi , o -GAAP ope ati g expe ses, a d o -GAAP ope ati g i come should ot be co st ued as a i fe e ce that these costs a e u usual, i f eque t o o – ecu i g. Fo mo e i fo matio o the o -GAAP adjustme ts, please see the table captio ed “No -GAAP Fi a cial Measu e Reco ciliatio s” i cluded i this p ess elease.
Sou ce: Fo mFacto , I c.FORM-F
