Last10K.com

Logmein, Inc. (LOGM) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

LogMeIn, Inc.

CIK: 1420302 Ticker: LOGM

Exhibit 99.1

LogMeIn Announces Third Quarter 2018 Results

Renewal Rates Rebound; Raises Full Year Outlook

Boston, October 25, 2018 – LogMeIn, Inc. (NASDAQ: LOGM), a leading provider of cloud-based connectivity, today announced its results for the third quarter ended September 30, 2018.

Third quarter 2018 highlights include:

 

   

GAAP revenue was $308.9 million and non-GAAP revenue was $309.6 million

 

   

GAAP net income was $12.7 million or $0.24 per diluted share and non-GAAP net income was $72.9 million or $1.40 per diluted share

 

   

EBITDA was $93.9 million or 30.4% of GAAP revenue and Adjusted EBITDA was $115.2 million or 37.2% of non-GAAP revenue

 

   

Cash flow from operations was $73.7 million or 23.8% of non-GAAP revenue, and adjusted cash flow from operations was $83.5 million or 27.0% of non-GAAP revenue

 

   

Total GAAP deferred revenue was $373.3 million

 

   

The Company closed the quarter with cash and cash equivalents of $167.6 million and $200.0 million of borrowings under its existing credit agreement

“LogMeIn had a strong quarter as we saw positive early results from the steps we took to improve the performance of our Communications & Collaboration business which had renewal rates return to historical levels,” said Bill Wagner, President and CEO of LogMeIn. “We were also pleased by the continued momentum across all of our key growth areas, including Customer Engagement, Identity, and Unified Communications, where early results from a bundled Jive + GoToMeeting offering are helping to drive higher account penetration and increased revenue per customer.”

Business Outlook

Based on information available as of October 25, 2018, the Company is issuing guidance for the fourth quarter 2018 and fiscal year 2018.

Fourth Quarter 2018: The Company expects fourth quarter non-GAAP revenue to be in the range of $306 million to $307 million. The Company expects fourth quarter GAAP revenue to be in the range of $305 million to $306 million. Non-GAAP revenue adds back $1 million for the impact of an acquisition accounting adjustment recorded to reduce acquired deferred revenue to the fair value of the remaining obligation.

EBITDA is expected to be in the range of $93 million to $94 million, or approximately 31% of GAAP revenue. Adjusted EBITDA is expected to be in the range of $115 million to $116 million, or approximately 38% of non-GAAP revenue.

Non-GAAP net income is expected to be in the range of $72 million to $73 million, or $1.41 to $1.42 per diluted share. Non-GAAP net income adds back the non-GAAP revenue adjustment


The following information was filed by Logmein, Inc. (LOGM) on Thursday, October 25, 2018 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.

View differences made from one quarter to another to evaluate LogMeIn, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by LogMeIn, Inc..

Continue

Assess how LogMeIn, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

LogMeIn, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
M & A
Financial
Revenue
Legal
Other
Filter Subcategory:
All
Cash Flow
Product
Shares
Expense
Earnings
Income
Dividend
Geography
Other
Inside LogMeIn, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Condensed Consolidated Statements Of Operations
Accrued Liabilities
Accrued Liabilities (Tables)
Accrued Liabilities - Summary Of Accrued Liabilities (Detail)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) - Additional Information (Detail)
Acquisitions
Acquisitions (Tables)
Acquisitions - Additional Information (Detail)
Acquisitions - Purchase Price Allocation (Detail)
Acquisitions - Purchase Price Allocation (Parenthetical) (Detail)
Acquisitions - Summary Of Unaudited Pro Forma Information (Detail)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
Common Stock And Equity
Common Stock And Equity (Tables)
Common Stock And Equity - Additional Information (Detail)
Common Stock And Equity - Summary Of Dividend Declared And Paid (Detail)
Credit Facility
Credit Facility - Additional Information (Detail)
Divestitures
Divestitures - Additional Information (Detail)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Tables)
Fair Value Of Financial Instruments - Summary Of Company's Significant Financial Assets And Liabilities Measured At Fair Value (Detail)
Fair Value Of Financial Instruments - Summary Of Company's Significant Financial Assets And Liabilities Measured At Fair Value (Parenthetical) (Detail)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Additional Information (Detail)
Goodwill And Intangible Assets - Amortization Expense For Intangible Assets (Detail)
Goodwill And Intangible Assets - Amortization Expense For Intangible Assets (Parenthetical) (Detail)
Goodwill And Intangible Assets - Changes In Goodwill (Detail)
Goodwill And Intangible Assets - Future Estimated Amortization Expense (Detail)
Goodwill And Intangible Assets - Intangible Assets (Detail)
Income Taxes
Income Taxes - Additional Information (Detail)
Nature Of The Business
Stock Incentive Plan
Stock Incentive Plan (Tables)
Stock Incentive Plan - Additional Information (Detail)
Stock Incentive Plan - Schedule Of Restricted Stock Unit Activity Including Market-Based Units (Detail)
Stock Incentive Plan - Schedule Of Stock Based Compensation Allocated To Expense (Detail)
Stock Incentive Plan - Summary Of Restricted Stock Awards Granted (Detail)
Stock Incentive Plan - Summary Of Restricted Stock Awards Granted (Parenthetical) (Detail)
Stock Incentive Plan - Summary Of Stock Option Activity (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 - Reconciliation Of Basic And Diluted Net Income Per Share (Detail)
Summary Of Significant Accounting Policies - Reconciliation Of Cash, Cash Equivalents And Restricted Cash (Detail)
Summary Of Significant Accounting Policies - Schedule Of Options To Purchase Common Shares And Restricted Stock Units (Detail)
Summary Of Significant Accounting Policies - Schedule Of Revenue And Long-Lived Assets By Geographic Areas (Detail)
Summary Of Significant Accounting Policies - Schedule Of Revenue By Product Grouping (Detail)
Summary Of Significant Accounting Policies - Summary Of Changes In Deferred Revenue (Detail)
Summary Of Significant Accounting Policies - Summary Of Impact Of Adopting Asc 606 On Company's Condensed Consolidated Financial Statements (Detail)
Summary Of Significant Accounting Policies - Summary Of Outstanding Forward Contracts With Notional Amounts Equivalents (Detail)
Ticker: LOGM
CIK: 1420302
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-18-025208
Submitted to the SEC: Fri Oct 26 2018 12:31:44 AM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Prepackaged Software

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/logm/0001564590-18-025208.htm