Care.Com Inc (CRCM) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 28, 2013

Care.Com Inc

CIK: 1412270 Ticker: CRCM
Exhibit 99.1 Announces Fourth Quarter and Full Year 2013 Financial Results

Leading Care Destination with 9.7 Million Members Delivers Record Revenue

Waltham, MA - February 26, 2014 -, Inc. (NYSE: CRCM), the world's largest online care destination, today announced financial results for the fourth quarter and fiscal year ended on December 28, 2013.
Full year 2013 revenue grew 68% to $81.5M from $48.5M in 2012
Total members grew to 9.7 million at year end 2013, a 46% increase from 2012
52% of member visits in the second half of 2013 were via mobile, representing a 61% increase over 2012

“Families around the world continue to demand solutions for finding and managing family care and we remain committed to deliver those solutions to them," said Sheila Lirio Marcelo, Founder and CEO of “We continue to attract more families and caregivers to our platform as the powerful network effects of our business take hold. reported strong revenue growth for the fourth quarter and the year, and during 2013, we continued to grow and strengthen our core consumer businesses and optimize our user experience with investments in mobile and our payments platforms."

Financial Results

Revenue for the fourth quarter was $22.5 million, a 41% increase from $15.9 million in the fourth quarter of 2012. Full year revenue was $81.5 million, a 68% increase from $48.5 million in 2012.

Net loss for the fourth quarter 2013 was $3.6 million, compared to net loss of $2.5 million in the fourth quarter of 2012. Full year 2013 net loss was $28.3 million, compared to $20.4 million in 2013.

GAAP EPS was $(1.16) in the fourth quarter. For the full year, GAAP EPS was $(9.45). Q4 GAAP EPS was based on 3.1 million weighted average basic shares outstanding and full year 2013 was based on 3.0 million weighted average basic shares outstanding as a private company. These exclude the impact of our issuance of 6.2 million shares of our common stock and the conversion of 21.3 million preferred shares as a result of our Q1 2014 initial public offering.

Adjusted EBITDA was a loss of $1.1 million in the fourth quarter 2013, compared to an adjusted EBITDA loss of $1.2 million in the fourth quarter of 2012. Full year 2013 adjusted EBITDA was a loss of $17.2 million compared to a loss of $15.5 million in 2012.

The Company ended the year with $30 million in cash and cash equivalents. For the fourth quarter of 2013, our cash used by operating activities was $7.3 million compared to $3.2 million used in the year-ago quarter.

The following information was filed by Care.Com Inc (CRCM) on Wednesday, February 26, 2014 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Care.Com Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

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SEC Filing Tools
Ticker: CRCM
CIK: 1412270
Form Type: 10-K Annual Report
Accession Number: 0001412270-14-000021
Submitted to the SEC: Thu Mar 06 2014 5:22:14 PM EST
Accepted by the SEC: Thu Mar 06 2014
Period: Saturday, December 28, 2013
Industry: Personal Services

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