FTD Companies, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Reports Impairment of Goodwill, Intangible Assets, and Other Long-Lived Assets for the Third Quarter of 2018; Reiterates Earnings Guidance for the Full Year Ending December 31, 2018 and Provides Earnings Guidance for the Full Year Ending December 31, 2019
For the nine months, the company reported total revenues of $766,712,000 against $805,943,000 for the same period a year ago. Operating loss was $159,987,000 against $81,056,000 for the same period a year ago. Net loss before income taxes was $171,711,000 against $88,044,000 for the same period a year ago. Net loss was $155,891,000 against $80,580,000 for the same period a year ago. Basic and diluted loss per share was $5.59 against $2.93 for the same period a year ago. Net cash used for operating activities was $56,091,000 against $18,144,000 for the same period a year ago. Purchases of property and equipment were $26,354,000 against $10,677,000 for the same period a year ago. Adjusted EBITDA was $20,880,000 against $64,169,000 for the same period a year ago. Free cash flow was negative $78,643,000 against negative $19,524,000 for the same period a year ago.
The company reported impairment of goodwill, intangible assets, and other long-lived assets of $411,000 for the third quarter of 2018 against $105,735,000 for the same period a year ago.
The company is reiterating its outlook for the full year ending December 31, 2018 and provided earnings guidance for the full year ending December 31, 2019. For full-year 2018, the company expects consolidated revenues of $1.02 billion to $1.03 billion, adjusted EBITDA of approximately $37 million to $41 million and capital expenditures of $35 million to $38 million.
For full-year 2019, the company expects consolidated revenues of $1.03 billion to $1.06 billion, adjusted EBITDA of approximately $58 million to $68 million and capital expenditures of $35 million to $40 million.