Care.Com, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Fourth Quarter and Full Year 2018
November 08, 2018 at 06:00 am EST
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Care.com, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenue of $49,160,000 against $44,536,000 for the same period of last year. Operating income was $837,000 against operating loss of $997,000 for the same period of last year. Income before income taxes was $875,000 against loss of $385,000 for the same period of last year. Net income was $1,852,000 against $262,000 for the same period of last year. Net income attributable to common stockholders was $979,000 against loss of $418,000 for the same period of last year. Net income per share attributable to common stockholders was $0.03 against loss of $0.01 for the same period of last year. EBITDA was $1,584,000 against LBITDA of $437,000 for the same period of last year. Adjusted EBITDA was $6,867,000 against $6,146,000 for the same period of last year. Non-GAAP net income was $7,135,000 against $6,845,000 for the same period of last year. Non-GAAP diluted EPS was $0.18 against $0.18 for the same period of last year.
For the nine months, revenue was $142,451,000 against $129,874,000 for the same period of last year. Operating income was $1,956,000 against operating loss of $665,000 for the same period of last year. Income from continuing operations before income taxes was $1,788,000 against $1,256,000 for the same period of last year. Net income was $4,380,000 against $2,759,000 for the same period of last year. Net income attributable to common stockholders was $1,996,000 against $704,000 for the same period of last year. Net income per share attributable to common stockholders was $0.06 against $0.02 for the same period of last year. EBITDA was $4,020,000 against $1,240,000 for the same period of last year. Adjusted EBITDA was $19,525,000 against $11,893,000 for the same period of last year. Non-GAAP net income was $19,885,000 against $13,412,000 for the same period of last year. Non-GAAP diluted EPS was $0.51 compared to $0.36 a year ago. Net cash provided by operating activities was $23,915,000 against $21,278,000 for the same period of last year. Purchases of property and equipment were $564,000 against $566,000 for the same period of last year.
For the fourth quarter of 2018, the company expects, non-GAAP EPS to be $0.20; adjusted EBITDA to be in the range of $11.9 million to $12.3 million and revenue to be in the range of $49.6 million to $50.0 million.
For the full year of 2018, the company expects, non-GAAP EPS to be $0.69; adjusted EBITDA to be in the range of $31.6 million to $32.0 million and revenue to be in the range of $192.1 million to $192.5 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 Financial Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Fourth Quarter and Full Year 2018