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February 11, 2016 9:16 PM ET

Software

Company Overview of Proofpoint, Inc.

Company Overview

Proofpoint, Inc. provides threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions worldwide. The company’s security-as-a-service solutions comprises an integrated suite of on-demand data protection solutions that enable large and mid-sized organizations to defend, protect, archive, and govern their sensitive data. It provides Proofpoint Enterprise Protection, a communications and collaboration security suite designed to protect customers' mission-critical messaging infrastructure from outside threats, including spam, phishing, unpredictable email volumes, malware, and other forms of objectionable or dangerous content ...

892 Ross Drive

Sunnyvale, CA 94089

United States

Founded in 2002

Phone:

408-517-4710

Fax:

408-517-4711

Key Executives for Proofpoint, Inc.

Chief Executive Officer and Director
Age: 53
Total Annual Compensation: $450.0K
Chief Financial Officer
Age: 51
Total Annual Compensation: $358.3K
Executive Vice President and General Manager of Information Security Products Group
Age: 49
Total Annual Compensation: $288.7K
Senior Vice President of Information Archiving & Governance Products Group and General Manager of Information Archiving & Governance Products Group
Age: 49
Total Annual Compensation: $263.8K
Executive Vice President of Worldwide Sales
Age: 49
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

Proofpoint, Inc. Key Developments

Triad Technology Partners with Proofpoint to Offer Superior Advanced Mobile Threat Protection

Triad Technology Partners announced its newest vendor partnership with Proofpoint, Inc. to complement a range of technology solutions for Government, Agency and Corporate customers. The Proofpoint Targeted Attack Protection™ (TAP) Mobile Defense solution will help Triad customers meet complex regulatory compliance and data governance mandates by helping them stop malicious mobile applications before those applications compromise sensitive data. Proofpoint's TAP Mobile Defense provides organizations with comprehensive protection and visibility against malicious and privacy-leaking iOS and Android mobile apps.

Proofpoint, Inc. Presents at Goldman Sachs Technology and Internet Conference 2016, Feb-10-2016 11:40 AM

Proofpoint, Inc. Presents at Goldman Sachs Technology and Internet Conference 2016, Feb-10-2016 11:40 AM. Venue: The Palace Hotel, San Francisco, California, United States. Speakers: Manish Sarin, Executive Vice President of Corporate Development, Paul R. Auvil, Chief Financial Officer.

Proofpoint, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year 2016

Proofpoint, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. Total revenue for the fourth quarter of 2015 was $74.9 million, an increase of 33% compared to $56.2 million in the prior-year period. GAAP gross profit for the fourth quarter of 2015 was $51.0 million compared to $36.8 million for the fourth quarter of 2014.  Non-GAAP gross profit for the quarter was $54.9 million compared to $38.9 million in the year ago period.  GAAP operating loss for the fourth quarter of 2015 was $25.0 million compared to a loss of $14.4 million during the fourth quarter last year.  Non-GAAP operating loss for the fourth quarter of 2015 was $3.0 million compared to a loss of $2.0 million for the same period last year. GAAP net loss for the fourth quarter of 2015 was $31.4 million or $0.77 per share based on 40.5 million weighted average shares outstanding.  This compares to a GAAP net loss of $17.4 million or $0.45 per share based on 38.3 million weighted average shares outstanding in the prior-year period. Non-GAAP net loss for the fourth quarter of 2015 was $4.4 million or $0.11 per share based on 40.5 million weighted average shares outstanding.  This compares to a non-GAAP net loss of $3.6 million or $0.09 per share based on 38.3 million weighted average shares outstanding during the same period last year. Adjusted EBITDA for the fourth quarter of 2015 was $0.6 million compared to $0.5 million for the fourth quarter of 2014. The company generated $8.1 million in net cash from operations for the fourth quarter of 2015 compared to $15.5 million during the fourth quarter of 2014. The company generated $0.4 million in free cash flow for the quarter compared to $10.9 million during the same period last year. Purchase of property and equipment was $7.700 million against $4.593 million a year ago.LBITDA was $18.361 million against $10.316 million a year ago. Total revenue for the full year of 2015 was $265.4 million, an increase of 36%, compared to $195.6 million in 2014. GAAP gross profit for the full year of 2015 was $181.3 million compared to $129.9 million for 2014.  Non-GAAP gross profit for the full year of 2015 was $194.5 million compared to $137.1 million for 2014.  GAAP operating loss for the full year of 2015 was $85.9 million compared to a loss of $51.1 million during 2014.  Non-GAAP operating loss for the full year of 2015 was $8.1 million, compared to a loss of $9.5 million during 2014. Non-GAAP net loss for the full year of 2015 was $13.9 million or $0.35 per share based on 39.8 million weighted average shares outstanding.  This compares to a loss of $15.0 million or $0.40 per share based on 37.4 million weighted average shares outstanding for 2014. Adjusted EBITDA for the full year of 2015 was $4.6 million compared to negative $0.5 million for 2014. The company generated $45.5 million in net cash from operations for the full year of 2015 compared to generating $21.3 million during 2014.  The company generated $19.7 million in free cash flow for the full year of 2015 compared to $6.3 million during 2014. Purchase of property and equipment was $25.827 million against $14.988 million a year ago. LBITDA was $62.919 million against $35.516 million a year ago. The company provided earnings guidance for its first quarter and full year 2016. For first quarter 2016, total revenue is expected to be in the range of $75.5 million to $76.5 million. Adjusted EBITDA loss is expected to be in the range of $0.5 million to $1.0 million.  Non-GAAP EPS loss is expected to be in the range of $0.14 to $0.15 based on approximately 41.0 million weighted average shares outstanding.   For full year 2016, total revenue is expected to be in the range of $345.0 million to $348.0 million. Adjusted EBITDA is expected to be in the range of $12.0 million to $14.0 million.  Non-GAAP EPS loss is expected to be in the range of $0.21 to $0.26 based on approximately 41.7 million weighted average shares outstanding.  Free cash flow, defined as operating cash flow less capital expenditures, is expected to be in the range of $31.0 million to $35.0 million, which assumes capital expenditures of $28.0 million to $30.0 million for the full year.

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