Mindbody, Inc. (MB) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

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:

Georgia Suter

georgia.suter@mindbodyonline.com

805-419-2856

MINDBODY Reports Fourth Quarter and Full Year 2015 Financial Results

Company Delivers Full Year Revenue Growth of 45% over 2014

Subscription and Services Revenue Increases 51% over 2014

Payments Revenue Increases 44% over 2014

San Luis Obispo, CA –February 10, 2016 (GLOBE NEWSWIRE) -- MINDBODY, Inc. (NASDAQ:MB), the leading provider of cloud-based business management software for the wellness services industry and an emerging consumer marketplace, today announced financial results for the fourth quarter and full year ended December 31, 2015.

“The MINDBODY team completed our first year as a public company with excellent results,” said Rick Stollmeyer, co-founder and chief executive officer of MINDBODY. “We experienced strong growth and improved margins as we increased subscriber, consumer and API partner adoption worldwide. As we look to 2016 and beyond, our network effects are stronger than ever and we are excited to deliver even more value to our subscribers and consumers in the years ahead.”

"2015 was another successful year for MINDBODY, highlighted by 45% revenue growth and record subscriber additions,” said Brett White, chief financial officer of MINDBODY. “As we enter 2016, we look forward to continuing to execute toward growth and profitability.”

Fourth Quarter 2015 Key Metrics

End of year subscribers grew 27% year over year to 51,481.

Average monthly revenue per subscriber (ARPS) grew 13% year over year to approximately $185.

Dollar-based net expansion rate was 113%, compared to 109% as of the end of the fourth quarter of 2014. This metric nets the effects of subscriber churn against the increasing value of subscribers retained, indicating the consistent increase in value of MINDBODY’s subscriber cohorts over time.

Payments volume increased 24% year over year to approximately $1.4 billion.

Fourth Quarter 2015 Financial Results

Total revenue in the fourth quarter of 2015 was $28.3 million, a 40% increase year over year.

Subscription and services revenue in the quarter was $17.0 million, a 44% increase year over year.

Payments revenue in the fourth quarter was $10.6 million, a 43% increase year over year.

Recurring revenue¹ increased 43% year over year. Recurring revenue is the sum of MINDBODY’s subscription and services revenue and payments revenue. Recurring revenue comprised 98% of total revenue in the fourth quarter of 2015, up from 96% in the fourth quarter of 2014.

GAAP net loss attributable to common stockholders in the fourth quarter of 2015 was $(9.8) million, or $(0.25) per basic and diluted share, compared to a GAAP net loss attributable to common stockholders in the fourth quarter of 2014 of $(15.1) million, or $(1.36) per basic and diluted share.

The following information was filed by Mindbody, Inc. (MB) on Wednesday, February 10, 2016 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/1458962/000156459016014055/mb-10k_20151231.htm