groupon inc (GRPN) Key Developments
Groupon Launches New Groupon Apple Watch App
Jun 24 15
Groupon announced the launch of the new Groupon Apple Watch app, expanding the reach of its local ecommerce marketplace across all types of consumer devices. With the new Apple Watch app, users gain instant access to the key features from Groupon’s iPhone experience right from their wrists, including the ability to discover and buy Groupon deals at nearby local businesses. With the new Apple Watch app, users gain instant access to the key features from Groupon's iPhone experience right from their wrists, including the ability to discover and buy Groupon deals at nearby local businesses. Key features and capabilities include: Discover - Get notified about Groupon deals near current location. Browse - Scan through curated offers of the best things to do, eat and see in city. Buy - Purchase one of Groupon’s thousands of local deals. Future Groupon Apple Watch app enhancements include the ability to use the device’s glance feature to quickly view lifetime savings and unused vouchers, receive reminders when Groupons are about to expire as well as Groupon redemption capabilities.
Groupon, Inc. Announces Management Changes
Jun 3 15
Groupon, Inc. announced it has named Rich Williams as Chief Operating Officer to oversee its global businesses and operations. Williams currently serves as President of North America and will continue in that capacity while adding responsibility for Groupon’s international regions. Groupon also announced that Chief Financial Officer Jason Child will be leaving the company at the end of July to relocate to the west coast. Brian Kayman, VP of Tax and Treasury, will serve as interim CFO effective immediately while the Board of Directors selects a permanent replacement. Chief Accounting Officer Brian Stevens will continue to oversee the company's accounting and financial reporting.
Groupon, Inc. Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 10:45 AM
May 28 15
Groupon, Inc. Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 10:45 AM. Venue: The Ritz Carlton, 600 Stockton Street, San Francisco, California, United States. Speakers: Jason E. Child, Chief Financial Officer, Rich Williams, President of North America.
Groupon, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year 2015
May 5 15
Groupon, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $750,356,000 compared with $728,415,000 a year ago. Income from operations was $5,295,000 against loss from operations of $6,364,000 a year ago. Loss from continuing operations was $16,739,000 or $0.03 per basic and diluted share against $21,774,000 or $0.04 per basic and diluted share a year ago. Net loss attributable to the company was $14,273,000 or $0.02 per basic and diluted share against $37,795,000 or $0.06 per basic and diluted share a year ago. Adjusted EBITDA was $72,370,000 compared with $45,765,000 a year ago. Non-GAAP net income attributable to the company was $21,331,000 or $0.03 per basic and diluted share. Net cash provided by operating activities was $16,356,000 against net cash used in operating activities of $20,717,000 a year ago. Purchases of property and equipment and capitalized software were $18,294,000 against $16,093,000 a year ago. Free cash flow was $22,417,000 against negative free cash flow of $30,667,000 a year ago.
For the second quarter 2015, the company expects revenue of between $700 million and $750 million. Adjusted EBITDA to be between $55 million and $75 million, and non-GAAP earnings per share from continuing operations of between $0.01 and $0.03.
For the full year 2015, the company expects revenue of between $3.15 billion and $3.3 billion. Adjusted EBITDA to be greater than $315 million.
Groupon Considers Multiple Alternatives
May 5 15
Groupon, Inc. (NasdaqGS:GRPN) said it will be exploring financing and other alternatives for some Asian units.