Care.com, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2018
February 27, 2018 at 06:04 am EST
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Care.com, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company's revenue was $44,216,000 compared to $43,513,000 a year ago. Operating profit was $6,619,000 compared to $6,188,000 a year ago. Income from continuing operations before income taxes was $6,901,000 compared to $5,334,000 a year ago. Income from continuing operations was $7,904,000 compared to $5,004,000 a year ago. Net income attributable to common stockholders was $6,255,000 or $0.19 per share compared to $3,704,000 or $0.12 per share a year ago. Adjusted EBITDA was $11,409,000 compared to $9,051,000 a year ago. Non-gaap net income was $12,081,000 or $0.32 diluted per share compared to $7,137,000 or $0.20 per share a year ago.
For the year, the company's revenue was $174,090,000 compared to $161,754,000 a year ago. Operating profit was $5,954,000 compared to $1,631,000 a year ago. Income from continuing operations before income taxes was $8,157,000 compared to $567,000 a year ago. Income from continuing operations was $10,663,000 compared to loss of $715,000 a year ago. Net income attributable to common stockholders was $6,944,000 or $0.22 per share compared to $3,145,000 or $0.10 per share a year ago. Adjusted EBITDA was $23,302,000 compared to $13,402,000 a year ago. Non-gaap net income was $25,493,000 or $0.69 diluted per share compared to $6,997,000 or $0.19 per share a year ago. Net cash provided by operating activities was $22,133,000 compared to $15,111,000 a year ago. Purchases of property and equipment and software were $792,000 compared to $244,000 a year ago.
For the first quarter of 2018, the company expects revenue in the range of $46.5 million to $47.0 million, adjusted EBITDA in the range of $6.0 million to $6.5 million, non-GAAP EPS in the range of $0.13.
For the full year of 2018, the company expects revenue in the range of $190.0 million to $191.0 million, adjusted EBITDA in the range of $30.0 million to $31.0 million, non-GAAP EPS in the range of $0.63 to $0.65.
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. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2018
CARE.COM, INC. 
