Care.Com, Inc. Reports Earnings Results for the Second Quarter Ended June 29, 2019
August 06, 2019 at 06:00 am EDT
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Care.Com, Inc. announced earnings results for the second quarter ended June 29, 2019. For the second quarter, the company announced sales was USD 50.978 million compared to USD 45.966 million a year ago. Operating loss was USD 18.984 million compared to USD 271,000 a year ago. Net loss was USD 64.805 million compared to USD 169,000 a year ago. Basic loss per share was USD 2.01 compared to USD 0.03 a year ago. For the half year, sales was USD 104.314 million compared to USD 93.291 million a year ago. Operating loss was USD 21.264 million compared to operating Income of USD 1.119 million a year ago. Net loss was USD 65.833 million compared to net income of USD 2.528 million a year ago. Basic loss per share was USD 2.08 compared to basic earnings per share of USD 0.03 a year ago.
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. 
