Care.com, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2019; Provides Earnings Guidance for the Second Quarter and Full Year 2019
May 09, 2019 at 06:00 am EDT
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Care.com, Inc. reported unaudited consolidated earnings results for the first quarter ended March 30, 2019. For the quarter, the company reported revenue of USD 53,336,000 against USD 47,325,000 a year ago. Operating loss was USD 2,280,000 against operating income of USD 1,390,000 a year ago. Net loss was USD 1,028,000 against net income of USD 2,697,000 a year ago. Basic net loss per share attributable to common stockholders was USD 0.05 against basic net income per share attributable to common stockholders of USD 0.06 a year ago. Diluted net loss per share attributable to common stockholders was USD 0.05 against diluted net income per share attributable to common stockholders of USD 0.05 a year ago.
For the second quarter of 2019, the company expects revenue to be in the range of USD 52.0 million to USD 52.3 million, which represents 13.5% year-over-year growth at the midpoint, as compared to the 12.7% growth versus prior, company saw in first quarter.
For the full year 2019, the company expects revenue to be in the range of USD 217.0 million to USD 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. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2019; Provides Earnings Guidance for the Second Quarter and Full Year 2019
CARE.COM, INC. 
