3 ms·
Good point: it was a loss according to GAAP, but the non-GAAP results weren't a loss. Whereas it looks like they're projecting a non-GAAP loss as well next qua
by elihu 4y ago
Good point: it was a loss according to GAAP, but the non-GAAP results weren't a loss. Whereas it looks like they're projecting a non-GAAP loss as well next quarter.
(I don't know what the relevant differences are here on GAAP vs non-GAAP.)
- graton 4y agoGAAP = Generally Accepted Accounting Principles non-GAAP = Whatever we decide? :) Okay, I don't really know. Real info: https://www.investopedia.com/articles/financial-analysis/062716/gaap-vs-nongaap-which-should-you-consider-evaluation.asp https://www.investopedia.com/articles/financial-analysis/062...
- elihu 4y agoYeah, non-GAAP is basically, "we've decided to account for certain things differently because the standard accounting rules would be misleading in our business." Companies could abuse non-GAAP reporting, but there's nothing particularly unusual or nefarious about reporting non-GAAP numbers along with the required GAAP numbers, or treating the former as the more accurate representation of reality.