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      "text": "(1) For the three months ended March 31, 2024, this amount includes $1,157 of restructuring costs and $179 of response costs, including professional services and legal fees, incurred in connection with the cybersecurity incident that was detected in April 2023.",
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      "text": "2024 AvidXchange, Inc.: Proprietary & Confidential",
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      "text": "Reconciliation of Cost of Revenue and Operating Expenses to Non-GAAP Cost of Revenue and Operating Expenses (in thousands) Three Months Ended March 31, 2024 2023 Cost of revenues (exclusive of depreciation and amortization expense) $ 30,333 $ 29,473 Adjustment: Stock-based compensation expense (1,232) (1,064) Non-GAAP Cost of revenues (exclusive of depreciation and amortization expe $ 29,101 $ 28,409 Operating expenses Sales and marketing $ 19,741 $ 20,135 Adjustment: Stock-based compensation expense (1,130) (1,196) Non-GAAP Sales and marketing $ 18,611 $ 18,939 Research and development $ 25,904 $ 23,122 Adjustment: Stock-based compensation expense (3,762) (2,342) Non-GAAP Research and development $ 22,142 $ 20,780 General and administrative $ 24,260 $ 22,627 Adjustment: Stock-based compensation expense (4,835) (4,329) Adjustment: Transaction and acquisition-related costs 7 Adjustment: Non-recurring items not indicative of ongoing operations (1) (1,346) (9) Non-GAAP General and administrative $ 18,079 $ 18,296 Depreciation and amortization $ 9,307 $ 8,586 Adjustment: Amortization of acquired intangibles (3,413) (3,623) Non-GAAP Depreciation and amortization $ 5,894 $ 4,963 Impairment and write-off of intangible assets $ 162 $ - Adjustment: Impairment and write-off of intangible assets (162) - Non-GAAP Impairment and write-off of intangible assets $ - $ - Total operating expenses $ 79,374 $ 74,470 Total Non-GAAP operating expenses $ 64,726 $ 62,978",
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