Chegg, Inc. operates student-first connected learning platform that empowers students to take control of their education to save time, save money, and get smarter. The company, through its Student Hub, rents and sells print textbooks; and provides eTextbooks, supplemental materials, Chegg Study service, textbook buyback, courses, internships, and college admissions and scholarship services, as well as offers enrollment marketing and brand advertising services. Chegg, Inc. has a strategic alliance with Ingram Content Group Inc. The company was founded in 2005 and is headquartered in Santa Clara, California.
3990 Freedom Circle
Santa Clara, CA 95054
Founded in 2005
Chegg, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 03:00 PM
May 14 15
Chegg, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 03:00 PM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States.
Chegg, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year 2015
May 6 15
Chegg, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported total net revenues of $84,872,000 compared to $74,393,000 a year ago. Loss from operations was $28,263,000 compared to $25,601,000 a year ago. Loss before provision for income taxes was $28,248,000 compared to $25,542,000 a year ago. Net loss was $28,542,000 or $0.34 per basic and diluted share compared to $25,759,000 or $0.31 per basic and diluted share a year ago. Net cash provided by operating activities was $6,691,000 compared to $29,142,000 a year ago. Purchases of property and equipment were $1,486,000 compared to $1,285,000 a year ago. LBITDA was $10,341,000 compared to $3,351,000 a year ago. Adjusted LBITDA was $4,279,000 compared to $16,582,000 a year ago. Non-GAAP operating loss was $5,891,000 compared to $18,016,000 a year ago. Non-GAAP net loss was $6,170,000 compared to $18,174,000 a year ago. Pro-forma revenue was $48 million an increase of 34% year-over-year.
For the second quarter, the company expected revenue in the range of $61 million and $65 million, digital revenue in the range of $28 million and $30 million, total gross margin on both a GAAP and Non-GAAP basis between 41%; and 43%; and adjusted EBITDA in the range of $1.5 million and $2.5 million.
For the fiscal year 2015, the company expected revenue in the range of $300 million and $315 million, digital revenue in the range of $135 million and $145 million, total gross margin on both a GAAP and Non-GAAP basis between 34% and 36%, adjusted EBITDA of breakeven or better and free cash flow in the range of $15 million and $25 million. Adjusted EBITDA guidance for fiscal 2015 includes approximately $42 million for textbook depreciation and excludes approximately $57 million for stock-based compensation; $5 million for amortization of intangible assets; $6 million for restructuring charges; $4 million for transitional logistic charges; and $2 million for acquisition-related costs.
Chegg, Inc., Annual General Meeting, Jun 04, 2015
Apr 24 15
Chegg, Inc., Annual General Meeting, Jun 04, 2015., at 09:00 Pacific Standard Time. Location: 3990 Freedom Circle. Agenda: To elect two Class II directors each to serve until the third annual meeting of stockholders following this meeting and until his or her successor has been elected and qualified or until his or her earlier resignation or removal; to ratify the appointment of Ernst & Young LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2015; and to consider such other business as may properly come before the meeting or any adjournment or postponement thereof.