EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

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