Energy Vault Holdings Inc

NYSE:NRGVUnited States

04:14 PM EST, 11/12/2024 (MT Newswires) -- ...

The following table provides a reconciliation from GAAP R&D expenses to non-GAAP adjusted R&D expenses (amounts in thousands):
Three Months Ended Nine Months Ended September 30, September 30, ------------------------- -------------------------- 2024 2023 2024 2023 ---------- ------------- ----------- ------------- R&D expenses (GAAP) $ 5,704 $ 8,156 $ 19,621 $ 29,552 Non-GAAP adjustments: Stock-based compensation expense 2,241 2,898 6,527 8,832 Reorganization expenses -- -- 503 -- --- ----- --------- --- ------ --------- Adjusted R&D expenses (non-GAAP) $ 3,463 $ 5,258 $ 12,591 $ 20,720 === ===== ========= === ====== =========