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September 05, 2015 8:22 AM ET

Internet Software and Services

Company Overview of MINDBODY, Inc.

Company Overview

MINDBODY, Inc. operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to manage class and appointment schedules, staff members, client information, online bookings, inventory, payroll, and retail sales for yoga, Pilates, barre, indoor cycling, personal training, martial arts, and dance exercise, as well as spas, salons, music instruction studios, dance studios, children’s activity centers, and integrative health centers. The company offers its software platform to its subscribers as a subscription-based service. It also connects consumers with businesses through its...

4051 Broad Street

Suite 220

San Luis Obispo, CA 93401

United States

Founded in 2001

1,196 Employees

Phone:

877-755-4279

Key Executives for MINDBODY, Inc.

Co-Founder, Chairman, Chief Executive Officer and President
Age: 49
Total Annual Compensation: $360.0K
Co-Founder, Chief Operating Officer, Chief Marketing Officer and Director
Age: 58
Total Annual Compensation: $330.0K
Senior Vice President, General Counsel and Secretary
Age: 48
Total Annual Compensation: $152.8K
Compensation as of Fiscal Year 2014.

MINDBODY, Inc. Key Developments

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

MINDBODY, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue was $24,760,000 against $16,571,000 a year ago. Loss from operations was $8,596,000 against $5,575,000 a year ago. Loss before provision for income taxes was $8,787,000 against $5,478,000 a year ago. Net loss attributable to common stockholders was $13,252,000 against $8,794,000 a year ago. Net loss per share attributable to common stockholders, basic and diluted was $0.87 against $0.80 a year ago. Adjusted LBITDA was $5,151,000 against $4,486,000 a year ago. Non-GAAP net loss attributable to common stockholders was $7,024,000 against $5,119,000 a year ago. Non-GAAP net loss per share attributable to common stockholders, basic and diluted was $0.21 against $0.16 a year ago. For six months, revenue was $47,023,000 against $32,224,000 a year ago. Loss from operations was $16,248,000 against $10,348,000 a year ago. Loss before provision for income taxes was $16,642,000 against $10,288,000 a year ago. Net loss attributable to common stockholders was $24,824,000 against $19,469,000 a year ago. Net loss per share attributable to common stockholders, basic and diluted was $1.88 against $1.77 a year ago. Net cash used in operating activities was $9,426,000 against $8,441,000 a year ago. Purchase of property and equipment was $6,531,000 against $3,233,000 a year ago. Adjusted LBITDA was $10,445,000 against $8,312,000 a year ago. Non-GAAP net loss attributable to common stockholders was $13,745,000 against $9,627,000 a year ago. Non-GAAP net loss per share attributable to common stockholders, basic and diluted was $0.42 against $0.31 a year ago. For the third quarter of 2015, the company expects to report revenue in the range of $25.0 million to $26.0 million, representing 42% to 48% growth over the third quarter of 2014, non-GAAP net loss attributable to common stockholders in the range of $8.3 million to $9.3 million. For the full year of 2015, the company expects to report revenue in the range of $98.0 million to $100.0 million, representing 40% to 43% growth over 2014, non-GAAP net loss attributable to common stockholders in the range of $30.0 million to $33.0 million.

MINDBODY, Inc. to Report Q2, 2015 Results on Aug 04, 2015

MINDBODY, Inc. announced that they will report Q2, 2015 results After-Market on Aug 04, 2015

MINDBODY, Inc., Q2 2015 Earnings Call, Aug 04, 2015

MINDBODY, Inc., Q2 2015 Earnings Call, Aug 04, 2015

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