Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 181

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 181
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 for income taxes

Overview

In addition to our results determined in accordance with U.S. GAAP, we believe the non-GAAP measure of “adjusted net income before provision for income taxes” is useful in evaluating our operating performance. We use this financial measure to present our pre-tax earnings from core business operations. This measure does not have standardized definitions and is not prepared in accordance with U.S. GAAP. The items excluded from this financial measure may have a material impact on our financial results. Certain of those items are non-recurring, while others are non-cash in nature. Accordingly, this non-GAAP financial performance measure should be considered in addition to, and not as a substitute for or superior to, the comparable measures prepared in accordance with U.S. GAAP.

Reconciliation

We calculate this non-GAAP financial performance measure by eliminating from net income before provision for income taxes the impact of items we do not consider indicative of our core operating performance. We eliminate the impact of the following items: (i) contingent consideration fair value adjustments, (ii) acquisition costs, (iii) amortization expenses related to intangible assets acquired, and (iv) depreciation expense. 

See below for the reconciliation of this non-GAAP financial performance measure to its most closely comparable U.S. GAAP measure on our financial statements (in thousands):

    Three Months Ended December 31,
     
    2024

    2023

    Change

    $

    $

    $

    %

    Net income before provision for income taxes
     
    $
    8,016

    $
    18,428

    $
    (10,412
    )

    (56.5
    %)

    Adjustments:

    Contingent consideration fair value adjustment

    20

    —

    $
    20

    —
    %

    Acquisition costs

    688

    489

    $
    199

    40.7
    %

    Amortization of acquired intangibles

    3,790

    2,165

    $
    1,625

    75.1
    %

    Depreciation expense

    849

    646

    $
    203

    31.4
    %

    Adjusted net income before provision for income taxes (non-GAAP)
     
    $
    13,363

    $
    21,728

    $
    (8,365