Care.Com, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 06, 2019 at 06:21 am EST
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Care.Com, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 53.285 million compared to USD 49.160 million a year ago. Operating loss was USD 2.087 million compared to operating Income of USD 837,000 a year ago. Net loss was USD 2.236 million compared to net income of USD 1.852 million a year ago. Basic loss per share was USD 0.09 compared to basic earnings per share of USD 0.03 a year ago. For the nine months, sales was USD 157.599 million compared to USD 142.451 million a year ago. Operating loss was USD 23.351 million compared to operating Income of USD 1.956 million a year ago. Net loss was USD 68.069 million compared to net income of USD 4.380 million a year ago. Basic loss per share was USD 2.16 compared to basic earnings per share of USD 0.06 a year ago.
Care.com, Inc. is an online marketplace for finding and managing family care. The Company has over 31.7 million members, including 18.3 million families and over 13.4 million caregivers, spanning 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers. It also provides caregivers with solutions to create personal profiles, describe their skills and experience, and otherwise differentiate and market themselves in a fragmented marketplace. In addition to consumer matching solutions, the Company offers its members products and services to facilitate their interaction with caregivers. It serves employers by providing access to certain of its products and services to employer-sponsored families. In addition, it serves care-related businesses, such as day care centers, nanny agencies and home care agencies, willing to market their services to its care-seeking families and recruit its caregiver members.
CARE.COM, INC. 
