Mindbody, Inc. (MB) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Earnings Press Release
10-K Annual Report
10-K YoY Changes
Mindbody, Inc.
Ticker: MB CIK: 1458962

Exhibit 99.1

Contact:

Investor Relations:

The Blueshirt Group

Nicole Gunderson

IR@mindbodyonline.com

888-782-7155

Media Contact:

Jennifer Saxon

jennifer.saxon@mindbodyonline.com

805-419-2839

MINDBODY Reports Fourth Quarter and Full Year 2016 Financial Results

Produces Full Year Revenue Growth of 37%

Delivers 48% reduction in GAAP Net Loss

Achieves Adjusted EBITDA Profitability Ahead of Expectations

San Luis Obispo, CA -February 8, 2017 (GLOBE NEWSWIRE) -- MINDBODY, Inc. (NASDAQ:MB), the leading provider of cloud-based business management software for the wellness services industry and a rapidly growing consumer brand, today announced financial results for the fourth quarter and full year ended December 31, 2016.

“2016 was a great year for MINDBODY, with strong growth in high value subscribers, particularly in our fitness and salon/spa markets, impressive expansion of the MINDBODY Network marketing platform and an 82% increase in MINDBODY app registered users,” said Rick Stollmeyer, Co-founder and Chief Executive Officer of MINDBODY. “These successes combined with increasingly powerful partnerships and improving margins give us a great deal of confidence and excitement for the year ahead.”

“We exited 2016 with significant business momentum, accelerating payments revenue and volume growth, and record ARPS and gross margin,” said Brett White, Chief Operating Officer and Chief Financial Officer. “We are very pleased to have achieved Adjusted EBITDA profitability in the fourth quarter, one quarter ahead of our guidance.”

Fourth Quarter 2016 Financial Results


•	Total revenue in the fourth quarter was $38.2 million, a 35% increase year over year.


•	Subscription and services revenue in the fourth quarter was $22.4 million, a 32% increase year over year.


•	Payments revenue in the fourth quarter was $15.3 million, a 44% increase year over year.


•	GAAP net loss in the fourth quarter was $(3.9) million, or $(0.10) per basic and diluted share, compared to a GAAP net loss of $(9.8) million, or $(0.25) per basic and diluted share in the fourth quarter of 2015.


•	Non-GAAP net loss¹ in the fourth quarter was $(1.6) million, or $(0.04) per basic and diluted share, compared to a non-GAAP net loss of $(6.5) million, or $(0.17) per basic and diluted share in the fourth quarter of 2015.


•	Adjusted EBITDA¹ in the fourth quarter was $0.6 million, compared to an Adjusted EBITDA loss of $(4.3) million in the fourth quarter of 2015.

Full Year 2016 Financial Results


•	Total revenue for the full year was $139.0 million, a 37% increase year over year.


•	Subscription and services revenue for the full year was $82.9 million, a 35% increase year over year.


•	Payments revenue for the full year was $53.8 million, a 44% increase year over year.


•	GAAP net loss for the full year was $(23.0) million, or $(0.58) per basic and diluted share, compared to a GAAP net loss of $(44.2) million, or $(1.68) per basic and diluted share for the full year 2015.


•	Non-GAAP net loss¹for the full year was $(13.8) million, or $(0.35) per basic and diluted share, compared to a non-GAAP net loss of $(27.4) million, or $(0.76) per basic and diluted share for the full year 2015.


•	Adjusted EBITDA loss¹for the full year was $(4.8) million, compared to an Adjusted EBITDA loss of $(19.9) million for the full year 2015.

The following information was filed by Mindbody, Inc. (MB) on Wednesday, February 8, 2017 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.

View differences made from one year to another to evaluate Mindbody, 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-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Mindbody, Inc..

Continue

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1458962/000145896217000005/mb_12-31x2016x10xk.htm