LogMeIn Reports US$313.1 Million in Revenue For Second Quarter
LogMeIn (NASDAQ:LOGM), cloud communications company announced US$313.1 million in revenue over the second quarter, while the company’s EBITDA stood at US$72.6 million. Over the quarter, LogMeIn features core partnerships with Dolby (NYSE:DLB) for conference services, in addition to launching three new business application features. As quoted in the press release: Second quarter financial highlights include: …
LogMeIn (NASDAQ:LOGM), cloud communications company announced US$313.1 million in revenue over the second quarter, while the company’s EBITDA stood at US$72.6 million. Over the quarter, LogMeIn features core partnerships with Dolby (NYSE:DLB) for conference services, in addition to launching three new business application features.
As quoted in the press release:
Second quarter financial highlights include:
GAAP revenue was $313.1 million and non-GAAP revenue was $313.4 million
GAAP net loss was $6.5 million or ($0.13) per share and non-GAAP net income was $58.6 million or $1.17 per diluted share
EBITDA was $72.6 million or 23.2% of GAAP revenue and Adjusted EBITDA was $95.6 million or 30.5% of non-GAAP revenue
Cash flow from operations was $83.7 million or 26.7% of non-GAAP revenue, and adjusted free cash flow was $74.0 million or 23.6% of non-GAAP revenue
Total GAAP deferred revenue was $409.1 million
The Company closed the quarter with cash and cash equivalents of $111.6 million and $200.0 million of borrowings under its existing credit agreement