Use of Non-GAAP Financial Measures
The company has reported for the fourth quarter 2007 and provided
estimates for full year 2008 net income, operating income, or earning per
share on a non-GAAP basis. Each of the terms as used by the company is
defined as follows:
-- Non-GAAP gross profit represents gross profit reported in accordance
with GAAP, adjusted for the effects of share-based compensation, and
expense and/or amortization of acquired intangible assets including.
-- Non-GAAP operating profit represents operating profit reported in
accordance with GAAP, adjusted for the effects of share-based
compensation, and expense and/or amortization of acquired intangible
assets including, but not limited to, in-progress research and
development (IPR&D).
-- Non-GAAP net income represents net income reported in accordance with
GAAP, adjusted for the effects of share-based compensation, and expense
and/or amortization of acquired intangible assets including, but not
limited to, IPR&D, all net of related tax impact.
-- Non-GAAP earnings per share represents non-GAAP net income divided by
the number of shares used in computing basic and diluted earnings per
share in accordance with GAAP, and excludes the impact of the deemed
dividends for the basic calculation.
In addition to Mindray's consolidated financial results under GAAP, the
company als
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