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And at present, we have about $300 million licensed by the board for this purpose. I assume the purpose is that we see all 3 of these as important components of an total capital allocation strategy. During the third quarter, we did not purchase any shares of our inventory. The adjusted EBITDA for the third quarter of 2022 was $132.three million or 19.4% of sales. The adjusted EBITDA in Q3 of 2021 was $165.1 million or 23.1% of sales. Non-GAAP R&D expense within the third quarter of 2022 was 10.2% versus 9% in Q3 of 2021.
We’ve obtained obviously, three elements that we can take into consideration. And then I would say we’re comfortable with some financial dilution using fairness. But obviously, we will watch out and prudent with all of that.
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There are at present no additional questions registered right now. So I’ll move the conference back over to the management group for closing remarks. The challenges actually are these kind of circuit breaker occasions that just make the move less than easy over the final few quarters in addition to the availability constrained headwinds that we’re working through. We have a follow-up query from Brandon Couillard of Jefferies. It fluctuates a bit on a typical year, and it is down a bit this 12 months, as you might anticipate, extra so on the Life Science aspect than on the Clinical aspect. And we actually have a staff that’s targeted on just decoding each single sanction and whether or not it impacts us or not and may we load this truck as expected or not.
So — we will simply continue to pursue the same opportunistic method that we adopted in the past. But the scale of our backlog has constructed via the year, and now we’re working it down. So we have been very supported by mainly customer loyalty to our product offerings. And in order that’s contributes a little bit to our elevated logistics costs in Q3 as we had been actually expediting shipments to them so a lot more in Q3 if this product did come off the production line.
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