Care.com, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Revenue Guidance for the First Quarter and Full Year of 2019
March 07, 2019 at 06:04 am EST
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Care.com, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported revenue of $49,809,000 compared to $44,216,000 a year ago. Operating income was $5,827,000 compared to $6,619,000 a year ago. Net income was $48,510,000 compared to $7,904,000 a year ago. Basic net income per share attributable to common stockholders was $1.30 compared to $0.21 a year ago. Dilutive net income per share attributable to common stockholders was $1.23 compared to $0.19 a year ago.
For the year, the company reported revenue of $192,260,000 compared to $174,090,000 a year ago. Operating income was $7,783,000 compared to $5,954,000 a year ago. Net income was $52,890,000 compared to $10,663,000 a year ago. Basic net income per share attributable to common stockholders was $1.38 compared to $00.23 a year ago. Dilutive net income per share attributable to common stockholders was $1.29 compared to $0.22 a year ago.
For the first quarter, 2019, the company expected revenue to be in range of $52.5 million to $52.8 million.
For the full year 2019, the company expected revenue to be in range of $217.0 million to $221.0 million.
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 Year Ended December 31, 2018; Provides Revenue Guidance for the First Quarter and Full Year of 2019