LogMeIn, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of USD 269,267,000 compared to USD 85,103,000 a year ago. Income from operations was USD 7,161,000 compared to loss of USD 228,000 a year ago. Income before income taxes was USD 7,323,000 compared to loss of USD 566,000 a year ago. Net income was USD 9,920,000 compared to loss of USD 657,000 a year ago. Basic and diluted net income per share was USD 0.19 compared to basic and diluted net loss per share of USD 0.03 a year ago. Non-GAAP operating income was USD 88,621,000 compared to USD 21,928,000 a year ago. Non-GAAP income before income taxes was USD 88,783,000 compared to USD 21,590,000 a year ago. Non-GAAP net income was USD 62,145,000 compared to USD 14,761,000 a year ago. Non-GAAP diluted net income per share was USD 1.16 compared to USD 0.56 a year ago. Adjusted EBITDA was USD 104,034,000 compared to USD 24,788,000 a year ago. Net cash provided by operating activities was USD 90,475,000 compared to USD 20,096,000 a year ago. Purchases of property and equipment were USD 13,518,000 compared to USD 3,817,000 a year ago. Intangible asset additions was USD 8,184,000 compared to USD 322,000 a year ago. EBITDA was USD 67,336,000 compared to USD 5,144,000 a year ago.

For the nine months, the company reported revenue of USD 713,750,000 compared to USD 248,103,000 a year ago. Loss from operations was USD 26,728,000 compared to income of USD 2,425,000 a year ago. Loss before income taxes was USD 26,919,000 compared to income of USD 1,201000 a year ago. Net income was USD 6,202,000 compared to USD 776,000 a year ago. Basic and diluted net income per share was USD 0.12 compared to USD 0.03 a year ago. Non-GAAP operating income was USD 222,283,000 compared to USD 54,228,000 a year ago. Non-GAAP income before income taxes was USD 222,092,000 compared to USD 53,004,000 a year ago. Non-GAAP net income was USD 154,688,000 compared to USD 36,562,000 a year ago. Non-GAAP diluted net income per share was USD 3.05 compared to USD 1.41 a year ago. Adjusted EBITDA was USD 264,466,000 compared to USD 62,747,000 a year ago. Net cash provided by operating activities was USD 283,260,000 compared to USD 84,090,000 a year ago. Purchases of property and equipment were USD 23,322,000 compared to USD 12,629,000 a year ago. Intangible asset additions was USD 21,893,000 compared to USD 1,037,000 a year ago. EBITDA was USD 132,033,000 compared to USD 18,501,000 a year ago.

The company provided guidance for the fourth quarter and twelve months ending December 31, 2017. For the fourth quarter, the company expects GAAP revenue of USD 273 million to USD 274 million. Non-GAAP revenue of USD 277 million to USD 278 million. GAAP Net income of USD 11 million to USD 12 million. Non-GAAP net income of USD 62 million to USD 63 million. GAAP net income per diluted share were USD 0.21 to USD 0.22. Non-GAAP net income per diluted share were USD 1.16 to USD 1.17. EBITDA of USD 71 million to USD 72 million. Adjusted EBITDA of USD 105 million to USD 106 million. Net income assumes an effective tax rate of approximately 30%, and GAAP net income assumes a tax benefit of approximately USD 2 million. Adjusted EBITDA margin of approximately 38% of revenue.

For the fourth quarter, the company expects GAAP revenue of USD 987 million to USD 988 million. Non-GAAP revenue of USD 1,021 million to USD 1,022 million. GAAP net income of USD 15 million to USD 18 million. Non-GAAP net income of USD 214 million to USD 217 million. GAAP net income per diluted share were USD 0.29 to USD 0.35. Non-GAAP net income per diluted share were USD 4.16 to USD 4.22. EBITDA of USD 201 million to USD 204 million. Adjusted EBITDA of USD 366 million to USD 369 million. Net income assumes an effective tax rate of approximately 30%, and GAAP net income assumes a tax benefit of approximately USD 35 million. Adjusted EBITDA margins to be approximately 36% of revenue.