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Last $73.79 USD
Change Today 0.00 / 0.00%
Volume 603.0K
LOGM On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

logmein inc (LOGM) Key Developments

LogMeIn, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2015

LogMeIn, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $64.834 million compared to $54.975 million a year ago. Income from operations was $2.549 million compared to $0.782 million a year ago. Income before income taxes was $2.872 million compared to $1.155 million a year ago. Net income was $2.388 million or $0.05 per basic and diluted share compared to $1.330 million or $0.09 per diluted share a year ago, was due to revenue and margin performance that exceeded their expectations. Non-GAAP income before income taxes was $12.903 million compared to $10.061 million a year ago. Non-GAAP net income was $9.061 million or $0.35 per diluted share compared to $7.312 million or $0.29 per diluted share a year ago. Adjusted EBITDA was $14.647 million compared to $11.459 million a year ago. Net cash provided by operating activities was $18.587 million compared to $21.029 million a year ago. Purchases of property and equipment were $2.668 million compared to $2.568 million reported a year ago. Intangible asset additions were $0.866 million compared to $0.816 million reported a year ago. Cash flows from operating activities before litigation related payments and acquisition related payments were $22.446 million compared to $21.151 million reported a year ago. Free cash flow in the second quarter was $18.9 million or 29% of revenue. For the six months, the company reported revenue of $125.943 million compared to $103.995 million a year ago. Income from operations was $1.585 million compared to $2.380 million a year ago. Income before income taxes was $3.307 million compared to $2.836 million a year ago. Net income was $2.760 million or $0.09 per diluted share compared to $2.334 million or $0.11 per basic and diluted share a year ago. Non-GAAP income before income taxes was $24.963 million compared to $18.383 million a year ago. Non-GAAP net income was $17.574 million or $0.69 per diluted share compared to $12.809 million or $0.51 per diluted share a year ago. Adjusted EBITDA was $27.200 million compared to $21.329 million a year ago. Net cash provided by operating activities was $58.565 million compared to $45.402 million a year ago. Purchases of property and equipment were $6.569 million compared to $4.348 million reported a year ago. Intangible asset additions were $1.884 million compared to $1.322 million reported a year ago. Cash flows from operating activities before litigation related payments and acquisition related payments were $62.616 million compared to $45.877 million reported a year ago. For the third quarter of 2015, the company expects third quarter revenue to be in the range of $68.8 million to $69.3 million. Adjusted EBITDA is expected to be in the range of $18.0 million to $18.5 million. Non-GAAP net income is expected to be in the range of $11.0 million to $11.3 million, or $0.43 to $0.44 per diluted share. Non-GAAP net income excludes an estimated $7.9 million in stock-based compensation expense, $500,000 in litigation related expense, and $1.9 million in acquisition related costs and amortization. Non-GAAP net income for the third quarter assumes an effective tax rate of approximately 30%. Non-GAAP net income per diluted share for the third quarter of 2015 is based on an estimated 25.7 million fully-diluted weighted average shares outstanding. Including stock compensation expense, litigation related expense, and acquisition related costs and amortization, the company expects to report GAAP net income in the range of $4.5 million to $5.0 million, or $0.18 to $0.19 per share. GAAP net income for the third quarter assumes an effective tax rate of approximately 15%. GAAP net income per share for the third quarter of 2015 is based on an estimated 25.7 million weighted average shares outstanding. Adjusted EBITDA margin of approximately 26%. For the full year of fiscal 2015, the company expects full year 2015 revenue to be in the range of $265.0 million to $266.5 million. Adjusted EBITDA is expected to be in the range of $63.0 million to $65.0 million. Non-GAAP net income is expected to be in the range of $38.9 million to $40.4 million, or $1.51 to $1.57 per diluted share. Non-GAAP net income excludes an estimated $28.7 million in stock compensation expense, $5.7 million in litigation related expense, and $8.1 million in acquisition related costs and amortization. Non-GAAP net income for the full fiscal year 2015 assumes an effective tax rate of approximately 30%. Non-GAAP net income per diluted share for 2015 is based on an estimated 25.7 million fully-diluted weighted average shares outstanding. Including stock compensation expense, litigation related expense, and acquisition related costs and amortization, the company expects to report GAAP net income in the range of $11.1 million to $12.9 million, or $0.43 to $0.50 per diluted share. GAAP net income for the full year assumes an effective tax rate of 15%. GAAP net income per share for 2015 is based on an estimated 25.7 million weighted average shares outstanding. Adjusted EBITDA margin of approximately 24%.

LogMeIn Forms Xively Internet of Things Advisory Board

LogMeIn Inc. has created a new IoT advisory board to help inform, shape and accelerate future IoT innovation for LogMeIn, its IoT customers and the market, at large. Sanjay Sarma, co-founder of The Auto-ID Center at MIT, has been named as the inaugural chairman of the advisory board. Founding members will include: Sanjay Sarma, professor of Mechanical Engineering, former chairman of Research and co-founder of The Auto-ID Center at MIT; Ken Owens, chief technology officer, Cisco Cloud Intercloud Services; Triinu Magi, chief technology officer at Neura, a company that brings intelligence layer to connected devices, ecosystems and services; Chris Selland, vice president, business development at HP's Big Data Group; Mats Hedberg, general manager, SATO Techno Lab Europe; Andrew Bertera, executive director of marketing at New England Biolabs, a global leader in the discovery and development of recombinant and native enzymes for genomic research; and Ken Grady, chief information officer at IDEXX, a global market leader in diagnostics and information technology solutions for animal health and water and milk quality.

LogMeIn, Inc. to Report Q2, 2015 Results on Jul 23, 2015

LogMeIn, Inc. announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Jul 23, 2015

LogMeIn, Inc., Q2 2015 Earnings Call, Jul 23, 2015

LogMeIn, Inc., Q2 2015 Earnings Call, Jul 23, 2015

LogMeIn, Inc. Presents at Stephens Spring Investment Conference 2015, Jun-02-2015 11:00 AM

LogMeIn, Inc. Presents at Stephens Spring Investment Conference 2015, Jun-02-2015 11:00 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.

 

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Valuation LOGM Industry Range
Price/Earnings 100.0x
Price/Sales 7.5x
Price/Book 10.3x
Price/Cash Flow 195.1x
TEV/Sales 6.6x
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