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Care.Com Inc (CRCM) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 29, 2018

Care.Com Inc

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CIK: 1412270 Ticker: CRCM
Exhibit 99.1


Care.com Announces Fourth Quarter and Fiscal Year 2018 Financial Results
Highlights Consistent Growth and Profitability


Waltham, MA - March 7, 2019 - Care.com (NYSE: CRCM), the world's largest online destination for finding and managing family care, today is announcing financial results for the fourth quarter and full year ended December 29, 2018.
"2018 was a strong year for Care.com, as we continued to drive profitable growth while investing in our mobile-first consumer platform and our enterprise Care@Work business," said Sheila Lirio Marcelo, Founder, Chairwoman and CEO of Care.com.  "It was another year of continuous topline growth and net income.  We also saw expansion in EBITDA margin and a $25.8M increase in cash and short-term investments.  As we look ahead, we believe that the building blocks that we put in place in 2018, along with incremental investments we have planned for 2019, will enable us to accelerate top-line growth while maintaining healthy margins."
  
Financial Results

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Revenue for the fourth quarter of 2018 was $49.8 million, an increase of 13% from $44.2 million in the fourth quarter of 2017. Revenue for fiscal 2018 was $192.3 million, an increase of 10% from $174.1 million in fiscal 2017.

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Revenue attributable to the US Consumer offering totaled $37.7 million in the fourth quarter of 2018, an increase of 11% from $34.0 million in the fourth quarter of 2017. For the fiscal year, revenue attributable to the US Consumer offering totaled $148.8 million, an increase of 8% from $137.9 million in fiscal 2017.

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Revenue attributable to our Other businesses totaled $12.1 million in the fourth quarter of 2018, an increase of 18% from $10.2 million in the fourth quarter of 2017. For the fiscal year, revenue attributable to Other businesses totaled $43.5 million, an increase of 20% from $36.2 million in 2017.

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Net income was $48.5 million in the fourth quarter of 2018 compared to $7.9 million in the fourth quarter of 2017, an increase of $40.6 million. Net income for fiscal 2018 was $52.9 million, compared to $10.7 million in fiscal 2017, an increase of $42.2 million. For both the quarter and the fiscal year the significant increase was primarily attributable to the reversal of the Company’s valuation allowance related to certain net operating losses and deferred tax assets that are now expected to be realized.

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Adjusted EBITDA was $12.7 million in the fourth quarter of 2018, compared to $11.4 million in the fourth quarter of 2017, an improvement of $1.3 million. Adjusted EBITDA for fiscal 2018 was $32.2 million, compared to $23.3 million in fiscal 2017, an increase of $8.9 million.

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GAAP EPS (Diluted) was $1.23 in the fourth quarter of 2018, compared to $0.19 in the fourth quarter of 2017. Q4 GAAP EPS (Diluted) was based on 34.0 million weighted average diluted shares outstanding versus 33.1 million in the fourth quarter of 2017. GAAP EPS (Diluted) for the fiscal year was $1.29, compared to $0.22 in fiscal 2017. Q4 YTD GAAP EPS (Diluted) was based on 33.8 million weighted average diluted shares outstanding versus 32.4 million in fiscal 2017.

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Non-GAAP EPS (Diluted) was $0.26 in the fourth quarter of 2018, compared to $0.32 in the fourth quarter of 2017. Non-GAAP EPS (Diluted) for the fiscal year was $0.77, compared to $0.69 in fiscal 2017. Note that Non-GAAP EPS excludes the impact of non-cash stock-based compensation, adjustments relating to


The following information was filed by Care.Com Inc (CRCM) on Thursday, March 7, 2019 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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Inside Care.Com Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Condensed Statements Of Cash Flows (Parenthetical)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Operations (Parenthetical)
Consolidated Statements Of Redeemable Convertible Preferred Stock And Stockholders??? Equity
Consolidated Statements Of Redeemable Convertible Preferred Stock And Stockholders??? Equity (Parenthetical)
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (Tables)
Accrued Expenses And Other Current Liabilities - Additional Information (Details)
Business Acquisitions
Business Acquisitions - Additional Information (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Details)
Commitments And Contingencies - Operating Lease Obligations (Details)
Discontinued Operations
Discontinued Operations (Tables)
Discontinued Operations - Additional Information (Details)
Discontinued Operations - Income Statement Disclosure (Details)
Employee Benefit Plans
Employee Benefit Plans - Additional Details (Details)
Goodwill, Intangible Assets, And Software
Goodwill, Intangible Assets, And Software (Tables)
Goodwill, Intangible Assets, And Software - Additional Information (Details)
Goodwill, Intangible Assets, And Software - Change In Goodwill (Details)
Goodwill, Intangible Assets, And Software - Intangible Assets (Details)
Goodwill, Intangible Assets, And Software - Intangible Assets - Future Amortization (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Components Of Income Tax Expense (Benefit) (Details)
Income Taxes - Reconciliation Of The Statutory Federal Rate And Effective Tax Rate (Details)
Income Taxes - Schedule Of Income Before Income Tax, Domestic And Foreign (Details)
Income Taxes - Significant Components Of Deferred Tax Assets And Liabilities (Details)
Net Income (Loss) Per Share
Net Income (Loss) Per Share (Tables)
Net Income (Loss) Per Share - Antidilutive Securities (Details)
Net Income (Loss) Per Share - Calculation Of Basic And Diluted Net Loss Per Share (Details)
Organization And Description Of Business
Other (Expense) Income, Net
Other (Expense) Income, Net (Details)
Other (Expense) Income, Net (Tables)
Preferred Stock
Preferred Stock (Tables)
Preferred Stock - Narrative (Details)
Preferred Stock - Schedule Of Convertible Preferred Stock (Details)
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited) (Details)
Quarterly Financial Information (Unaudited) (Tables)
Related Party Transactions
Related Party Transactions (Tables)
Related Party Transactions - Narrative (Details)
Related Party Transactions - Related Party Transactions (Details)
Restructuring Charges (Notes)
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Restructuring Charges - Narrative (Details)
Restructuring Charges - Schedule Of Restructuring Charges (Details)
Revenue
Revenue (Tables)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Impact Of Topic 606 (Details)
Revenue - Narrative (Details)
Revenue - Performance Obligation Narrative (Details)
Segment And Geographical Information
Segment And Geographical Information (Tables)
Segment And Geographical Information - Additional Information (Details)
Segment And Geographical Information - Revenue By Geographic Location (Details)
Segment And Geographical Information - Segment Reporting By Segment (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Details)
Stock-Based Compensation - Shares Reserved For Issuance (Details)
Stock-Based Compensation - Stock Options, Valuation Assumption (Details)
Stock-Based Compensation - Summary Of Stock Activity (Details)
Stock-Based Compensation - Summary Of Stock-Based Compensation In Accompanying Consolidated Statements (Details)
Subsequent Events
Subsequent Events - Additional Information (Details)
Summary Of Accounting Policies
Summary Of Accounting Policies (Policies)
Summary Of Accounting Policies (Tables)
Summary Of Accounting Policies - Additional Information (Details)
Summary Of Accounting Policies - Allowance For Doubtful Accounts (Details)
Summary Of Accounting Policies - Fair Value, Assets And Liabilities Measured On Recurring Basis (Details)
Summary Of Accounting Policies - Fair Value, Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation (Details)
Summary Of Accounting Policies - Property And Equipment (Details)
Ticker: CRCM
CIK: 1412270
Form Type: 10-K Annual Report
Accession Number: 0001412270-19-000008
Submitted to the SEC: Thu Mar 07 2019 7:49:20 AM EST
Accepted by the SEC: Thu Mar 07 2019
Period: Saturday, December 29, 2018
Industry: Personal Services

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