Care.com, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 1, 2017; Provides Earnings Guidance for Second Quarter and Full Year of Fiscal 2017
May 03, 2017 at 06:06 am EDT
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Care.com, Inc. reported unaudited consolidated earnings results for the first quarter ended April 1, 2017. For the quarter, the company reported revenue of $43.366 million compared to $39.266 million a year ago. Operating income was $43.366 million compared to $39.266 million a year ago. Income from continuing operations before income taxes was $1.036 million compared to loss from continuing operations before income taxes of $1.123 million a year ago. Income from continuing operations was $0.824 million or $0.01 per basic and diluted share compared to loss from continuing operations of $1.123 million or $0.03 per basic and diluted share a year ago. Net income attributable to common stockholders was $0.192 million or $0.01 per basic and diluted share compared to $6.755 million or $0.20 per diluted share a year ago. Net cash provided by operating activities was $4.585 million compared to $5.458 million a year ago. Purchases of property and equipment were $0.271 million compared to $0.026 million a year ago. Adjusted EBITDA was $3.127 million compared to $1.575 million a year ago. EBITDA was $1.418 million compared to $0.149 million a year ago. Non-GAAP net income was $2.533 million or $0.07 per diluted share compared to $0.303 million or $0.01 per basic and diluted share a year ago.
For second quarter of 2017, the company expects revenue of $41 million to $41.5 million, adjusted EBITDA of $1.25 million to $1.75 million, Non-GAAP EPS of $0.01 to $0.02.
For fiscal 2017, the company expects revenue of $171 million to $173 million, adjusted EBITDA of $19.5 million to $21.5 million, Non-GAAP EPS of $0.35 to $0.38.
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. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 1, 2017; Provides Earnings Guidance for Second Quarter and Full Year of Fiscal 2017