Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


June 29, 2015 8:36 PM ET

Diversified Consumer Services

Company Overview of Chegg, Inc.

Company Overview

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

United States

Founded in 2005

709 Employees

Phone:

408-855-5700

Key Executives for Chegg, Inc.

Chairman, Chief Executive Officer and President
Age: 52
Total Annual Compensation: $700.0K
Chief Financial Officer
Age: 54
Total Annual Compensation: $410.0K
Chief Technology Officer
Age: 47
Total Annual Compensation: $410.3K
Compensation as of Fiscal Year 2014.

Chegg, Inc. Key Developments

Chegg, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 03:00 PM

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

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

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.

Similar Private Companies By Industry

Company Name Region
Destination Ventures Inc. United States
Home Performance Pro, Inc United States
Joseph Farenga & Sons Funeral Home, Inc. United States
Rainbow Cleaners, Inc. United States
Edumetry, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 2, 2014
Internships.com
Private Placement
October 1, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Chegg, Inc., please visit www.chegg.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.