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Realpage Inc (RP) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Realpage Inc

CIK: 1286225 Ticker: RP

Exhibit 99.1

RealPage Reports First Quarter Revenue Growth of 19% Year-over-Year

  • First Quarter Pre-Tax Income Grows 76% Year-over-Year
  • Full Year Revenue and Profit Expectations Increased, Excluding Proposed Acquisition of Lease Rent Options

RICHARDSON, Texas--(BUSINESS WIRE)--May 4, 2017--RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, today announced financial results for the first quarter ended March 31, 2017.

First Quarter 2017 Financial Highlights

  • Total revenue of $152.9 million, an increase of 19% year-over-year;
  • Net income of $8.2 million, or $0.10 in net income per diluted share, a year-over-year increase of 174% and 150%, respectively;
  • Non-GAAP total revenue of $153.6 million, an increase of 20% year-over-year;
  • Adjusted EBITDA of $37.1 million, an increase of 35% year-over-year and 270 basis points of Adjusted EBITDA margin expansion; and
  • Non-GAAP net income of $17.6 million, or $0.22 in non-GAAP net income per diluted share, a year-over-year increase of 38% and 29%, respectively.

Comments on the News

“First quarter non-GAAP total revenue growth of 20% reflects strong client adoption of our differentiated platform," said Steve Winn, Chairman and CEO of RealPage. "Importantly, our Asset Optimization product family revenue growth continues to accelerate and our recent acquisition of Axiometrics performed above our expectations. These results provide us with confidence that our strategy is appropriately focused, delivering actionable intelligence to our clients from our data in order to improve operational returns as well as helping underwrite the placement and harvesting of capital.”

“Our first quarter results are a continuation of the steady progress we’ve made towards our 2020 objective of $1 billion of revenue and 30% adjusted EBITDA margin," said Bryan Hill, CFO and Treasurer of RealPage. “Revenue growth, margin expansion and cash flow generation for the quarter exceeded our expectations and are ahead of the pace needed to reach our 2020 goals.”


The following information was filed by Realpage Inc (RP) on Thursday, May 4, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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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 (unaudited)
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations (unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (unaudited)
Acquisitions
Acquisitions (tables)
Acquisitions - 2016 Acquisitions (details)
Acquisitions - Activity Prior To 2016 (details)
Acquisitions - Allocated Purchase Price (details)
Acquisitions - Pro Forma Financial Information (details)
Acquisitions -2017 Acquisitions (details)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Minimum Annual Rental Payments (details)
Debt
Debt (details)
Debt (tables)
Debt - Debt Maturities (details)
Derivative Financial Instruments
Derivative Financial Instruments (details)
Derivative Financial Instruments (tables)
Derivative Financial Instruments - Gain (loss) On Derivatives (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Assets And Liabilities Measured At Fair Value (details)
Fair Value Measurements - Changes In Level 3 Fair Values (details)
Fair Value Measurements - Valuation Inputs (details)
Goodwill And Identified Intangible Assets
Goodwill And Identified Intangible Assets (tables)
Goodwill And Identified Intangible Assets - Additional Information (details)
Goodwill And Identified Intangible Assets - Change In Carrying Amount Of Goodwill (details)
Goodwill And Identified Intangible Assets - Identified Intangible Assets (details)
Income Taxes
Income Taxes - Additional Information (details)
Net Income Per Share
Net Income Per Share (tables)
Net Income Per Share - Additional Information (details)
Net Income Per Share - Calculation Of Basic And Diluted Net Income Per Share (details)
Property, Equipment And Software
Property, Equipment And Software (tables)
Property, Equipment And Software - Additional Information (details)
Property, Equipment And Software - Components Of Property, Equipment And Software (details)
Stock-based Expense
Stock-based Expense (details)
Stock-based Expense (tables)
Stockholders' Equity
Stockholders' Equity (details)
Stockholders' Equity (tables)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies - Additional Information (details)
The Company
Ticker: RP
CIK: 1286225
Form Type: 10-Q Quarterly Report
Accession Number: 0001286225-17-000017
Submitted to the SEC: Fri May 05 2017 5:58:18 PM EST
Accepted by the SEC: Mon May 08 2017
Period: Friday, March 31, 2017
Industry: Prepackaged Software

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