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Endurance International Group Holdings, Inc. (EIGI) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Endurance International Group Holdings,

CIK: 1237746 Ticker: EIGI

Exhibit 99.1

 

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News release

 

Tuesday, February 25    For immediate release

Endurance International Group Reports 2013 Fourth Quarter and Full Year Results

BURLINGTON, MA (February 25, 2014) — Endurance International Group Holdings, Inc. (NASDAQ: EIGI), a leading provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online, today reported financial results for the fourth quarter and full year ended December 31, 2013.

“We’re excited to report another great quarter, capping off a truly historic year for our company. We demonstrated strong organic revenue growth while increasing adjusted EBITDA and unlevered free cash flow. Our company’s strategy is based on two simple principles: adding more high quality subscribers to our platform and selling our subscribers more value added solutions. During the year, we added over 279,000 net new subscribers, bringing our total number of subscribers to just over 3.5 million. Further, we continued to increase our average revenue per subscriber (ARPS), which grew to $13.15 for the quarter,” commented Hari Ravichandran, CEO and Founder of Endurance International Group.

Fourth Quarter Highlights

 

    Revenue increased 17% to $136.4 million compared to $117.0 million for the fourth quarter of 2012.

 

    Adjusted EBITDA increased 40% to $46.2 million compared to $33.1 million for the fourth quarter of 2012.

 

    Net loss attributable to Endurance International Group Holdings, Inc. was $67.5 million, or $(0.57) per diluted share, compared to a net loss of $72.6 million, or $(0.75) per diluted share, for the fourth quarter of 2012. The net loss included the impact of $33.6 million of IPO related charges.

 

    Unlevered free cash flow (UFCF) increased 37% to $37.5 million, compared to $27.4 million for the fourth quarter of 2012.

 

    Free cash flow (FCF) more than doubled in the fourth quarter of 2013 to $18.9 million, compared to $7.7 million for the fourth quarter of 2012.

 

    Total subscribers were approximately 3.502 million as of December 31, 2013, a sequential increase of approximately 62,000 from 3.440 million as of September 30, 2013, and a year-over-year increase of approximately 279,000 from 3.223 million as of December 31, 2012.

 

    ARPS was $13.15 for the fourth quarter of 2013, representing a sequential increase of $0.01 from $13.14 for the third quarter of 2013. Apart from acquisitions completed in 2012, ARPS grew 9%, or $0.96, to $11.54 for the fourth quarter of 2013 from $10.58 for the fourth quarter of 2012.

 

    Monthly recurring revenue (MRR) retention rate remained at 99%, consistent with our MRR retention rate for the third quarter of 2013 and the fourth quarter of 2012.

Full Year 2013 Highlights

 

    Revenue increased 78% to $520.3 million compared to $292.2 million for 2012. Adjusted revenue increased 11% to $528.1 million compared to $474.1 million for 2012. Apart from acquisitions completed in 2012, adjusted revenue grew 17%, from $272.9 million for 2012 to $318.2 million for 2013.


The following information was filed by Endurance International Group Holdings, Inc. (EIGI) on Tuesday, February 25, 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Shareholders' Equity
Consolidated Statements Of Changes In Shareholders' Equity (parenthetical)
Consolidated Statements Of Operations
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (detail)
Acquisitions - Summary Of Preliminary Purchase Price Allocation On The Acquisition Date (detail)
Acquisiton - Pro Forma Results Include Amounts Derived From Historical Financial Results Of Acquired Businesses (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Summary Of Future Minimum Annual Rental Payments Under These Leases (detail)
Dividend
Dividend - Additional Information (detail)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (detail)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (detail)
Fair Value Measurements - Basis Of Fair Value Measurements (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Goodwill And Other Intangible Assets - Changes In Goodwill Balances (detail)
Goodwill And Other Intangible Assets - Summary Of Expected Future Amortization Of Other Intangible Assets (detail)
Goodwill And Other Intangible Assets - Summary Of Other Intangible Assets (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Components Of Income Taxes Benefit And Expenses (detail)
Income Taxes - Components Of Income/loss Before Income Taxes (detail)
Income Taxes - Components Of The Company's Deferred Income Tax Assets And Liabilities (detail)
Income Taxes - Reconciliation Of Statutory Federal Rate (detail)
Investments
Investments - Additional Information (detail)
Nature Of Business
Nature Of Business - Additional Information (detail)
Notes Payable
Notes Payable (tables)
Notes Payable - Additional Information (detail)
Notes Payable - Schedule Of Interest Rates And Interest Expense (detail)
Notes Payable - Schedule Of Notes Payable (detail)
Notes Payable - Summary Of Maturity Of The Notes Payable (detail)
Property And Equipment
Property And Equipment (tables)
Property And Equipment - Additional Information (detail)
Property And Equipment - Components Of Property And Equipment (detail)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (tables)
Quarterly Financial Data - Additional Information (detail)
Quarterly Financial Data - Schedule Of Condensed Income Statement (detail)
Related Party Transactions
Related Party Transactions - Additional Information (detail)
Stock Based Compensation - Summary Of Restricted Stock Units That Were Granted In Connection With Initial Public Offering And The Non-vested Balance (detail)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (detail)
Stock-based Compensation - Restricted Stock Awards And Restricted Stock Units Granted Under 2013 Stock Incentive Plan And Non-vested Balance (detail)
Stock-based Compensation - Restricted Stock Awards And Restricted Stock Units Granted Under 2013 Stock Incentive Plan And Non-vested Balance (parenthetical) (detail)
Stock-based Compensation - Shares Of Common Stock For Future Issuance (detail)
Stock-based Compensation - Stock Incentive Plan (detail)
Stock-based Compensation - Summary Of Stock Award Activity For Time Based Vesting Stock Awards And Performance Based Vesting Stock Awards That Were Granted Prior To The Company's Initial Public Offering (detail)
Stock-based Compensation - Summary Of Total Stock-based Compensation Expense (detail)
Stockholders' Equity
Stockholders' Equity (tables)
Stockholders' Equity - Additional Information (detail)
Stockholders' Equity - Summary Of The Company's Outstanding Shares Of Common Stock (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Significant Accounting Policies - Potentially Dilutive Shares Of Common Stock Excluded From The Diluted Weighted-average Number Of Shares Of Common Stock Outstanding (detail)
Summary Of Significant Accounting Policies - Summary Of Estimated Useful Lives (detail)
Ticker: EIGI
CIK: 1237746
Form Type: 10-K Annual Report
Accession Number: 0001193125-14-077774
Submitted to the SEC: Fri Feb 28 2014 5:13:06 PM EST
Accepted by the SEC: Fri Feb 28 2014
Period: Tuesday, December 31, 2013
Industry: Prepackaged Software

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