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Care.Com Inc (CRCM) SEC Filing 10-Q Quarterly report for the period ending Saturday, April 1, 2017

Care.Com Inc

CIK: 1412270 Ticker: CRCM
Exhibit 99.1


Care.com Announces First Quarter 2017 Financial Results
    
Care.com Reports Another Quarter of Profitable Growth, Beats Q1 and Raises Full Year Guidance


Waltham, MA - May 3, 2017 - Care.com (NYSE: CRCM), the world's largest online destination for finding and managing family care, today is announcing financial results for the first quarter ended April 1, 2017.
“Q1 was a strong start to 2017 for us.  We exceeded our expectations on both the top and bottom lines and increased our guidance for the full year,” said Sheila Lirio Marcelo, Founder, Chairwoman and CEO of Care.com.  “As we continue to innovate, we intend to further strengthen what is today the largest two-sided network for finding and managing family care in the home while further expanding our margins in 2017 and increasing shareholder value.  We are committed to growing profitably as we drive toward our long-term EBITDA margin target of 20 to 25%.”
Financial Results

Revenue for the first quarter of 2017 was $43.4 million, a 10% increase from $39.3 million in the first quarter of 2016.
 
Revenue attributable to the US Consumer offering totaled $35.2 million in the first quarter of 2017, an increase of 10% from $32.1 million in the first quarter of 2016.

Revenue attributable to the Care@Work and B2B Offerings, as well as our services in our international markets, totaled $8.2 million in the first quarter of 2017, an increase of 14% from $7.2 million in the first quarter of 2016.

Income from continuing operations in the first quarter of 2017 was $0.8 million compared to a loss of $1.1 million in the first quarter of 2016, an improvement of $1.9 million or 5 percentage points of margin.

Adjusted EBITDA was income of $3.1 million in the first quarter of 2017, compared to $1.6 million in the first quarter of 2016, an improvement of $1.5 million.

GAAP EPS (Diluted) was $0.01 in the first quarter of 2017, compared to $0.20 in the first quarter of 2016, which included $0.23 of income associated with discontinued operations. Q1 GAAP EPS (Diluted) was based on 31.3 million weighted average basic shares outstanding versus 33.6 million in the first quarter of 2016. Note that GAAP EPS for the first quarter includes $(0.02) of costs associated with our Series A preferred stock.

Non-GAAP EPS (Diluted) was $0.07 in the first quarter of 2017, compared to $0.01 in the first quarter of 2016. Note that Non-GAAP EPS excludes the impact of non-cash stock-based compensation and other non-recurring items, such as M&A expenses and restructuring costs.

The Company ended the quarter with $81.3 million in cash and cash equivalents and short-term investments.

Business Highlights

Our total members grew 23% to 24.0 million at the end of the first quarter of 2017, compared to 19.5 million in the same period of 2016.




The following information was filed by Care.Com Inc (CRCM) on Wednesday, May 3, 2017 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 Care.Com Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

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 Income
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Operations (parenthetical)
Contingencies
Contingencies - Narrative (details)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (policies)
Description Of Business And Summary Of Significant Accounting Policies - Additional Information (details)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (details)
Discontinued Operations - Income Statement Disclosure (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Assets And Liabilities Measured On A Recurring Basis (details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets - Additional Information (details)
Goodwill And Intangible Assets - Change In Goodwill (details)
Goodwill And Intangible Assets - Intangible Assets (details)
Goodwill And Intangible Assets - Intangible Assets - Future Amortization (details)
Income Taxes
Income Taxes (details)
Net Income Per Share Attributable To Common Stockholders
Net Income Per Share Attributable To Common Stockholders (tables)
Net Income Per Share Attributable To Common Stockholders - Antidilutive Securities (details)
Net Income Per Share Attributable To Common Stockholders - Net Income Per Share (details)
Other Income (expense)
Other Income (expense) (details)
Other Income (expense) (tables)
Preferred Stock
Preferred Stock (tables)
Preferred Stock - Additional Information (details)
Preferred Stock - Schedule Of Convertible Preferred Stock (details)
Related Party Transactions
Related Party Transactions - Narrative (details)
Restructuring Charges
Restructuring Charges (tables)
Restructuring Charges - Narrative (details)
Restructuring Charges - Schedule Of Restructuring Charges (details)
Segment And Geographical Information
Segment And Geographical Information (tables)
Segment And Geographical Information - Revenue By Geographic Location (details)
Segment And Geographical Information - Segment Reporting Information By Segment (details)
Stockholders’ Equity
Stockholders’ Equity (tables)
Stockholders’ Equity - Share Based Compensation Narrative (details)
Stockholders’ Equity - Shares Reserved For Issuance (details)
Stockholders’ Equity - Stock Options, Valuation Assumptions (details)
Stockholders’ Equity - Summary Of Stock Activity (details)
Stockholders’ Equity - Summary Of Stock-based Compensation In Accompanying Consolidated Statements (details)

Material Contracts, Statements, Certifications & more

Care.Com Inc provided additional information to their SEC Filing as exhibits

Ticker: CRCM
CIK: 1412270
Form Type: 10-Q Quarterly Report
Accession Number: 0001412270-17-000026
Submitted to the SEC: Wed May 03 2017 11:55:46 AM EST
Accepted by the SEC: Wed May 03 2017
Period: Saturday, April 1, 2017
Industry: Personal Services

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