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Endurance International Group Holdings, Inc. (EIGI) SEC Filing 10-Q Quarterly report for the period ending Tuesday, March 31, 2020

SEC Filings

EIGI Quarterly Reports

Endurance International Group Holdings,

CIK: 1237746 Ticker: EIGI

Exhibit 99.1

 

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Endurance International Group Reports 2020 First Quarter Results

 

   

GAAP revenue of $272.2 million

 

   

Net loss of $2.2 million

 

   

Adjusted EBITDA of $72.5 million

 

   

Cash flow from operations of $34.9 million

 

   

Free cash flow of $23.7 million

 

   

Total subscribers on platform were approximately 4.780 million at March 31, 2020

BURLINGTON, MA (April 30, 2020) — 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 first quarter ended March 31, 2020.

“Our first quarter results reflect continued progress operationally and financially across our scale strategic platform. Our focused investment in our strategic brands has resulted in positive subscriber growth for our third consecutive quarter, adjusted for the sale of SinglePlatform,” commented Jeffrey H. Fox, president and chief executive officer of Endurance International Group. “Obviously, the COVID-19 pandemic has disrupted the global economy and it’s still too early to predict the extent of the pandemic’s effect on our business. At this time, our execution remains consistent with our 2020 growth plan, but we believe it is prudent to suspend guidance while we continue to focus on the health and safety of our employees and on delivering value to our customers in this critical time of need.”

First Quarter 2020 Financial Highlights

As previously disclosed, the Company completed the sale of SinglePlatform on December 5, 2019. For year over year comparative purposes, selected figures presented below do not adjust for the sale of SinglePlatform unless noted.

 

   

Revenue for the first quarter of 2020 was $272.2 million, a decrease of 1 percent compared to revenue of $273.7 million in the first quarter of 2019, excluding SinglePlatform. Revenue in the first quarter of 2019 was $280.7 million, including the contribution of approximately $7.0 million from SinglePlatform.


The following information was filed by Endurance International Group Holdings, Inc. (EIGI) on Thursday, April 30, 2020 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 2020 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 Operations And Comprehensive Income (Loss)
Consolidated Statements Of Operations And Comprehensive Income (Loss) (Parenthetical)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss - (Details)
Accumulated Other Comprehensive Loss - (Tables)
Acquisitions/ Divestitures
Acquisitions/ Divestitures (Details)
Acquisitions/ Divestitures (Tables)
Acquisitions/ Divestitures - Schedule Of Acquisition (Details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
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 - Components Of Income Tax Expense (Benefit) (Details)
Income Taxes - Summary Of Tax Attributes Available To Carryforward (Details)
Income Taxes Income Taxes (Tables)
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 Financing Obligations
Property, Plant And Equipment (Tables)
Property, Plant And Equipment - Additional Information (Detail)
Property, Plant And Equipment - 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)
Stockholders' Equity (Details)
Stockholders' Equity Stockholders' Equity
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 - 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: 0001628280-20-006695
Submitted to the SEC: Wed May 06 2020 4:24:39 PM EST
Accepted by the SEC: Wed May 06 2020
Period: Tuesday, March 31, 2020
Industry: Prepackaged Software

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