Care.com, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended July 1, 2017; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2017
August 10, 2017 at 11:00 am
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Care.com, Inc. announced unaudited consolidated financial results for the second quarter and six months ended July 1, 2017. For the quarter, the company reported revenue of $41.972 million against $38.184 million a year ago. Operating loss was $0.403 million against $2.626 million a year ago. Income from continuing operations before income taxes was $0.605 million against loss from continuing operations before income taxes of $2.755 million a year ago. Profit from continuing operations was $1.673 million or $0.03 per diluted share against loss from continuing operations of $3.375 million or $0.11 per diluted share a year ago. Net income was $1.673 million or $0.03 per diluted share against net loss of $3.419 million or $0.11 per diluted share a year ago. EBITDA was $0.259 million against LBITDA of $1.374 million a year ago. Adjusted EBITDA was $2.608 million against $1.002 million a year ago. Non-GAAP net income was $4.022 million or $0.11 per diluted share against loss of $0.999 million or $0.03 per diluted share a year ago. Adjusted net income per share was $0.05 against adjusted net loss per share of $0.11 a year ago.
For the six months, the company reported revenue of $85.338 million against $77.450 million a year ago. Operating income was $0.332 million against operating loss of $77.450 million a year ago. Income from continuing operations before income taxes was $1.641 million against loss from continuing operations before income taxes of $3.878 million a year ago. Profit from continuing operations was $2.497 million or $0.03 per diluted share against loss from continuing operations of $4.498 million or $0.13 per diluted share a year ago. Net income was $1.066 million or $0.03 per diluted share against net loss of $3.336 million or $0.10 per diluted share a year ago. Net cash provided by operating activities was $11.140 million against $8.522 million a year ago. Purchases of property and equipment were $0.387 million against $0.084 million a year ago. EBITDA was $1.677 million against LBITDA of $1.225 million a year ago. Adjusted EBITDA was $5.735 million against $2.577 million a year ago. Non-GAAP net income was $6.555 million or $0.18 per diluted share against loss of $0.696 million or $0.02 per diluted share a year ago. Adjusted net income per share was $0.07 against $0.10 a year ago.
The company provided earnings guidance for the third quarter, fourth quarter and full year of 2017. For the third quarter, the company expects revenue in the range of $43.9 million to $44.4 million, adjusted EBITDA in the range of $5.0 million to $5.5 million and Non-GAAP EPS in the range of $0.07 to $0.08.
For the fourth quarter EBITDA range of between $8.8 million and $10.3 million.
For the full year, the company expects revenue in the range of $172.0 million to $173.5 million, adjusted EBITDA in the range of $19.5 million to $21.5 million and Non-GAAP EPS in the range of $0.37 to $0.40.
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 Financial Results for the Second Quarter and Six Months Ended July 1, 2017; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2017