Yelp, 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 2015 and Revenue Guidance for the Year 2017
Jul 28 15
Yelp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenue of $133,913,000 against $88,787,000 a year ago. Income from operations was $50,000 against $3,127,000 a year ago. Income before income taxes was $379,000 against $3,112,000 a year ago. Net loss attributable to common stockholders was $1,305,000 or $0.02 per basic and diluted share against net income attributable to common stockholders of $2,743,000 or $0.04 per basic and diluted share a year ago. Adjusted EBITDA was $22,733,000 against $17,244,000 a year ago. Non-GAAP net income was $9,354,000 or $0.12 per share against $9,416,000 or $0.12 per share a year ago.
For the six months, the company reported net revenue of $252,421,000 against $165,194,000 a year ago. Loss from operations was $4,199,000 against $1,477,000 a year ago. Loss before income taxes was $3,308,000 against $1,494,000 a year ago. Net loss attributable to common stockholders was $2,589,000 or $0.03 per basic and diluted share against net income attributable to common stockholders of $1,494,000 or $0.00 per basic and diluted share a year ago. Net cash provided by operating activities was $43,665,000 against $19,989,000 a year ago. Purchases of property, equipment and software were $18,059,000 against $7,212,000 a year ago. Purchase of intangibles was $314,000. Adjusted EBITDA was $39,050,000 against $25,757,000 a year ago. Non-GAAP net income was $17,256,000 or $0.22 per share against $14,961,000 or $0.19 per share a year ago.
For the third quarter of 2015, the company's net revenue is expected to be in the range of $139 million to $142 million, representing growth of approximately 37% compared to the third quarter of 2014. Adjusted EBITDA is expected to be in the range of $12 million to $15 million.
For the full year of 2015, the company's net revenue is expected to be in the range of $544 million to $550 million, representing growth of approximately 45% compared to full year 2014. Adjusted EBITDA is expected to be in the range of $72 million to $78 million.
The company could be generating $1 billion in annual revenue by 2017, more than doubling from a projected $545 million to $550 million in 2015.
Blue Calypso, Inc. Completes Patent Infringement Markman Hearing Against Groupon, Foursquare, Yelp and Izea in Eastern District Court of Texas
Jul 14 15
Blue Calypso, Inc. announced that on July 8, 2015, it completed its Claim Construction Hearing, or Markman hearing for its patent infringement lawsuits against Groupon, Foursquare, Yelp and IZEA in the Eastern District Court of Texas. The Markman hearing is a critical step in the patent litigation process in which the Judge is required to construe or interpret the wording of the claims of the patent. The purpose of the court's construction is to aid the jury in understanding what the patentee meant in the claims and what the claims cover in more common language than is often found in a patent. The Judge's interpretation of the claims is extremely important because it gives the parties guidance which can allow them to formulate settlement positions.