Active Network Inc (ACTV) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2013

Active Network Inc

CIK: 1163932 Ticker: ACTV

Exhibit 99.1



ACTIVE Network Reports Third Quarter 2013 Financial Results


    Third Quarter Revenue of $117.5 Million


    Third Quarter Adjusted EBITDA of $16.4 Million

SAN DIEGO, CALIF. – October 30, 2013ACTIVE Network (NYSE: ACTV), the leader in cloud-based activity and participant management™ solutions, today announced its financial results for the third quarter ended September 30, 2013.

Q3 2013 Financial Highlights:

(All comparisons are made to the third quarter of 2012)


    Total net revenue up 8% to $117.5 million.


    Technology revenue increased 9% and constituted 89%, or $104.4 million, of total net revenue.


    Net registration revenue increased 9% to $79.0 million; registrations grew 6% and revenue per registration was up 2%.


    Marketing services revenue constituted 11%, or $13.1 million, of total net revenue.


    Net loss was $5.3 million, compared to net loss of $6.0 million.


    Adjusted EBITDA, a non-GAAP financial measure, was $16.4 million.


    Excluding charges related to transaction costs associated with ACTIVE Network entering into a definitive agreement to be acquired by Vista Equity Partners and management changes, Adjusted EBITDA was $19.5 million, up 27%.

“I am pleased with our third quarter results,” said Jon Belmonte, Interim CEO of ACTIVE Network. “During the quarter, we entered into a definitive agreement to be acquired by Vista Equity Partners, which we believe will be a very positive event for stockholders and will help position us to further capitalize on the market opportunity.”

Q3 2013 Key Business Highlights


    Marquee customer highlights included wins from Run or Dye, Kentucky Derby Festival Marathon, Monterey County Parks (CA), Arkansas State Parks, and Informatica World 2014 and 2015.


    ACTIVE Network launched a new version of ACTIVE RegOnline™, the Company’s entry-level online event-management solution. The new ACTIVE RegOnline makes it easier for event planners from Small and Mid-sized Businesses (SMBs) and associations, to plan, promote, and manage events of all sizes.



The following information was filed by Active Network Inc (ACTV) on Wednesday, October 30, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Operations
Accounts Receivable And Allowance For Doubtful Accounts
Accounts Receivable And Allowance For Doubtful Accounts (tables)
Accrued Expenses
Accrued Expenses (detail)
Accrued Expenses (tables)
Amortization Expense Of Acquired Intangible Assets (detail)
Basis Of Presentation
Business - Additional Information (detail)
Business Combination
Business Combination (tables)
Business Combination - Additional Information (detail)
Calculation Of Basic And Diluted Net Loss Per Share Attributable To Common Stockholders (detail)
Carrying Amount Of Goodwill (detail)
Carrying Values Of Acquired Amortized Intangible Assets (detail)
Classification Of Stock-based Compensation In Statements Of Operations (detail)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (detail)
Components Of Stock-based Compensation Expense (detail)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (detail)
Fair Value Measurements
Fair Value Of Assets Acquired And Liabilities Assumed (detail)
Goodwill (tables)
Identifiable Intangible Assets Acquired (detail)
Income Taxes
Income Taxes - Additional Information (detail)
Intangible Assets
Intangible Assets (tables)
Legal Proceedings
Legal Proceedings - Additional Information (detail)
Long-term Debt
Long-term Debt - Additional Information (detail)
Net Loss Attributable To Common Stockholders
Net Loss Attributable To Common Stockholders (tables)
Net Revenue And Long-lived Assets By Major Geographic Region (detail)
Presentation Of Potentially Dilutive Securities Not Included In Calculation Of Diluted Net Loss Per Share (detail)
Property And Equipment
Property And Equipment (tables)
Property And Equipment - Additional Information (detail)
Recent Accounting Pronouncements
Related Party Transactions
Related Party Transactions - Additional Information (detail)
Segment Information
Segment Information (tables)
Software Development Costs
Software Development Costs (tables)
Software Development Costs - Additional Information (detail)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (detail)
Summarized Information By Segment (detail)
Summary Of Accounts Receivable (detail)
Summary Of Capitalized Software Development Costs (detail)
Summary Of Market Stock Activity (detail)
Summary Of Market Stock Option Activity (detail)
Summary Of Property And Equipment (detail)
Summary Of Restricted Stock Activity (detail)
Summary Of Significant Accounting Policies
Summary Of Stock Option Activity (detail)
Weighted-average Assumptions Used To Estimate Fair Value Of Purchase Option Under Espp Plan (detail)
Weighted-average Assumptions Used To Estimate Fair Value Of Stock Options Granted (detail)
Ticker: ACTV
CIK: 1163932
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-13-427873
Submitted to the SEC: Tue Nov 05 2013 4:58:02 PM EST
Accepted by the SEC: Tue Nov 05 2013
Period: Monday, September 30, 2013
Industry: Prepackaged Software

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