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Endurance International Group Holdings, Inc. (EIGI) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Endurance International Group Holdings,

CIK: 1237746 Ticker: EIGI

Exhibit 99.1

 

LOGO

Endurance International Group Reports 2019 Second Quarter Results

 

   

GAAP revenue of $278.2 million

 

   

Net loss of $26.2 million

 

   

Adjusted EBITDA of $76.3 million

 

   

Cash flow from operations of $59.7 million

 

   

Free cash flow of $47.6 million

 

   

Total subscribers on platform were approximately 4.769 million at June 30, 2019

BURLINGTON, MA (August 1, 2019) — 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 its second quarter ended June 30, 2019.

“We are pleased with our progress simplifying our operations and executing our 2019 plans across the company,” commented Jeffrey H. Fox, president and chief executive officer of Endurance International Group. “The team is focused on delivering increasing solution value to the customers of our two scale businesses, email marketing and web presence. We are pleased with the progress in our net customer trends and remain focused on executing our transition to revenue growth in the second half of 2019.”

Second Quarter 2019 Financial Highlights

 

   

Revenue for the second quarter of 2019 was $278.2 million, a decrease of 3.3 percent compared to $287.8 million for the second quarter of 2018.

 

   

Net loss for the second quarter of 2019 was $26.2 million, or $(0.18) per diluted share, compared to net income of $0.6 million, or $0.00 per diluted share, for the second quarter of 2018.

 

   

Adjusted EBITDA for the second quarter of 2019 was $76.3 million, a decrease of 10.2 percent compared to $85.0 million for the second quarter of 2018.

 

   

Cash flow from operations for the second quarter of 2019 was $59.7 million, an increase of 99.7 percent compared to $29.9 million for the second quarter of 2018.

 

   

Free cash flow, defined as cash flow from operations less capital expenditures and financed equipment obligations, for the second quarter of 2019 was $47.6 million, an increase of 137.2 percent compared to $20.1 million for the second quarter of 2018.


The following information was filed by Endurance International Group Holdings, Inc. (EIGI) on Thursday, August 1, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Endurance International Group Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Inside Endurance International Group Holdings, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical)
Consolidated Statements Of Operations And Comprehensive Loss
Consolidated Statements Of Operations And Comprehensive Loss (Parenthetical)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss - (Details)
Accumulated Other Comprehensive Loss - (Tables)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
Correction Of Income Tax Expense - Fiscal Year 2018
Correction Of Income Tax Expense - Fiscal Year 2018 - Effects On Income Statement (Details)
Correction Of Income Tax Expense - Fiscal Year 2018 (Tables)
Correction Of Income Tax Expense - Fiscal Year 2018 - Effects On Balance Sheet (Details)
Correction Of Income Tax Expense - Fiscal Year 2018 - Effects On Cash Flow Statement (Details)
Correction Of Income Tax Expense - Fiscal Year 2018 - Narrative (Details)
Derivatives And Hedging Activities
Derivatives And Hedging Activities - Additional Information (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
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 Other Intangible Assets (Detail)
Income Taxes
Income Taxes - Additional Information (Detail)
Income Taxes Income Taxes (Tables)
Income Taxes Income Taxes - Income Tax Examination (Details)
Leases
Leases - Narrative (Details)
Leases (Tables)
Leases - Schedule Of Lease Assets And Liabilities (Details)
Leases - Schedule Of Lease Maturities (Details)
Nature Of Business
Notes Payable
Notes Payable (Tables)
Notes Payable - Additional Information (Detail)
Notes Payable - Schedule Of 2018 First Lien Term Loan (Details)
Notes Payable - Schedule Of Interest Rates And Interest Expense (Detail)
Notes Payable - Schedule Of Long Term Debt (Details)
Notes Payable - Schedule Of Senior Notes (Details)
Notes Payable - Summary Of Future Debt Maturities (Detail)
Property And Equipment And Property, Plant And Equipment Obligations
Property And Equipment And Property, Plant And Equipment Obligations (Tables)
Property And Equipment And Property, Plant And Equipment Obligations - Additional Information (Detail)
Property And Equipment And Property, Plant And Equipment Obligations - Components Of Property And Equipment (Detail)
Related Party Transactions
Related Party Transactions (Tables)
Related Party Transactions - Additional Information (Detail)
Related Party Transactions - Summary Of Related Party Transactions (Detail)
Revenue
Revenue - Narrative (Details)
Revenue (Tables)
Revenue - Disaggregation Of Revenue (Details)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Details)
Segment Information - Schedule Of Segment Information (Details)
Severance And Other Exit Costs
Severance And Other Exit Costs (Tables)
Severance And Other Exit Costs - Additional Information (Detail)
Severance And Other Exit Costs - Summary Of Aggregate Activity Related To Company's Facilities Exit Costs Accrual And Severance Accrual (Detail)
Severance And Other Exit Costs - Summary Of Total Restructuring Charges Recorded In The Consolidated Statements Of Operations And Comprehensive Loss (Detail)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Detail)
Stock-Based Compensation - Summary Of Restricted Stock Awards And Restricted Stock Units (Detail)
Stock-Based Compensation - Summary Of Stock Options (Detail)
Stock-Based Compensation - Summary Of Total Stock-Based Compensation Expense (Detail)
Subsequent Events
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 - Deferred Customer Acquisition Costs (Details)
Summary Of Significant Accounting Policies - Remaining Performance Obligation (Details)
Summary Of Significant Accounting Policies - Summary Of Calculation Of Basic And Diluted Net Loss Per Share (Detail)
Summary Of Significant Accounting Policies - Summary Of Changes In Deferred Income (Details)
Summary Of Significant Accounting Policies - Summary Of Estimated Useful Lives (Detail)
Summary Of Significant Accounting Policies - Summary Of Weighted Average Potentially Dilutive Shares Excluded From Calculation Of Diluted Loss Per Share (Detail)
Supplemental Guarantor Financial Information
Supplemental Guarantor Financial Information (Tables)
Supplemental Guarantor Financial Information - Additional Information (Details)
Supplemental Guarantor Financial Information - Condensed Consolidated Balance Sheets (Details)
Supplemental Guarantor Financial Information - Condensed Consolidated Statements Of Cash Flows (Details)
Supplemental Guarantor Financial Information - Consolidated Statements Of Operations And Comprehensive Income (Loss) (Details)

Material Contracts, Statements, Certifications & more

Endurance International Group Holdings, Inc. provided additional information to their SEC Filing as exhibits

Ticker: EIGI
CIK: 1237746
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-19-009936
Submitted to the SEC: Mon Aug 05 2019 11:04:25 AM EST
Accepted by the SEC: Mon Aug 05 2019
Period: Sunday, June 30, 2019
Industry: Prepackaged Software

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