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Endurance International Group Holdings, Inc. (EIGI) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2020

Endurance International Group Holdings,

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CIK: 1237746 Ticker: EIGI

Exhibit 99.1

 

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Endurance International Group Reports 2020 Third Quarter Results

 

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GAAP revenue of $278.4 million

 

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Net income of $6.7 million

 

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Adjusted EBITDA of $78.7 million

 

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Cash flow from operations of $54.6 million

 

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Free cash flow of $42.6 million

 

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Total subscribers on platform were approximately 4.965 million at September 30, 2020

BURLINGTON, MA (November 2, 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 third quarter ended September 30, 2020.

In light of Endurance’s announcement this morning of its agreement to be acquired by affiliates of Clearlake Capital Group L.P., the Company does not intend to hold a conference call on Thursday, November 5, 2020 to discuss third quarter 2020 financial results as previously announced.    

Third 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.

 

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Revenue for the third quarter of 2020 was $278.4 million, an increase of 3 percent compared to revenue of $270.4 million in the third quarter of 2019, excluding SinglePlatform. Revenue in the third quarter of 2019 was $277.2 million, including the contribution of approximately $6.8 million from SinglePlatform.

 

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Net income for the third quarter of 2020 was $6.7 million, or $0.05 per diluted share, compared to net income of $7.8 million, or $0.05 per diluted share, for the third quarter of 2019.

 

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Adjusted EBITDA for the third quarter of 2020 was $78.7 million, a decrease of 1 percent compared to third quarter 2019 adjusted EBITDA of $79.6 million, excluding SinglePlatform. Adjusted EBITDA in the third quarter of 2019 was $80.6 million, including the contribution of approximately $1.1 million from SinglePlatform.

 

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Cash flow from operations for the third quarter of 2020 was $54.6 million, an increase of 33 percent compared to $41.0 million for the third quarter of 2019.

The following information was filed by Endurance International Group Holdings, Inc. (EIGI) on Monday, November 2, 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:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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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 - Components Of Short-Term And Long-Term Deferred Consideration (Details)
Acquisitions/ Divestitures - Schedule Of Acquisition (Details)
Commitments And Contingencies
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)
Fair Value Measurements - Changes In Financial Liabilities Measured On Recurring Basis (Details)
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 (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Income Tax Expense (Benefit) (Details)
Income Taxes - Summary Of Tax Attributes Available To Carryforward (Details)
Leases
Leases (Tables)
Leases - Narrative (Details)
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, Plant And Equipment
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 (Tables)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Narrative (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
Stockholders' Equity (Details)
Subsequent Events
Subsequent Events (Details)
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

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: EIGI
CIK: 1237746
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-20-016088
Submitted to the SEC: Mon Nov 09 2020 4:10:07 PM EST
Accepted by the SEC: Mon Nov 09 2020
Period: Wednesday, September 30, 2020
Industry: Prepackaged Software

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