The Rubicon Project, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of Fiscal 2015
Jul 28 15
The Rubicon Project, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $53,046,000 against $28,283,000 a year ago. Loss from operations was $11,498,000 against $7,116,000 a year ago. Loss before income taxes was $12,356,000 against $9,254,000 a year ago. Net loss attributable to common stockholders was $11,943,000 or $0.30 per basic and diluted share against $9,436,000 $0.29 per basic and diluted share a year ago. Adjusted EBITDA was $6,667,000 against $2,661,000 a year ago. Non-GAAP net income was $2,878,000 or $0.06 per basic and diluted share against net loss of $25,000 a year ago. Capital expenditures, excluding capitalized stock compensation, were $5.7 million for the second quarter 2015.
For the six months, the company reported revenue of $90,224,000 against $51,298,000 a year ago. Loss from operations was $18,623,000 against $13,585,000 a year ago. Loss before income taxes was $17,303,000 against $15,318,000 a year ago. Net loss attributable to common stockholders was $16,974,000 or $0.45 per basic and diluted share against $16,596,000 or $0.74 per basic and diluted share a year ago. Net cash provided by operating activities was $28,626,000 against $548,000 a year ago. Purchase of property and equipment was $4,246,000 against $4,520,000 a year ago. Adjusted EBITDA was $10,859,000 against $1,045,000 a year ago. Non-GAAP net income was $3,600,000 or $0.08 per basic and diluted share against net loss of $3,980,000 or $0.13 per basic and diluted share a year ago.
The company provided earnings guidance for the third quarter and full year ending December 31, 2015. For the third quarter of 2015, the company expects revenue between $63.0 million and $65.0 million; adjusted EBITDA between $5.5 million and $6.5 million; and non-GAAP earnings per share between $0.03 and $0.04.
For the fourth quarter of 2015, the company expects GAAP revenue to be between $92.5 million and $94.5 million; adjusted EBITDA to be between $20 million and $21 million; and non-GAAP earnings per share to between $0.32 and $0.34, based on approximately $50.7 million forecasted weighted average shares.
For the full year ending December 31, 2015, the company expects revenue between $246 million and $250 million; adjusted EBITDA between $36.0 million and $38 million; and non-GAAP earnings per share between $0.45 and $0.48.
Rubicon Project Launches Washington, D.C. Office; Appoints Executives at Washington, D.C. Office
Jul 22 15
Rubicon Project announced the opening of an office in Washington, D.C. Theresa Mueller, previously of Rocket Fuel and a recognized leader in political and advocacy digital advertising, will spearhead the growth of the new office. In opening a D.C. office, Rubicon Project brings unmatched scale and transparency to the rapidly growing campaign frontier in ad tech. Rubicon Project’s first strategic move was to hire Theresa Mueller to head political sales in the DC market. Previously, Mueller was a key member of the advertising technology company Rocket Fuel’s D.C. operations. Between the sales side and buyer side, at APCO Worldwide and Ogilvy Washington, Mueller has worked with hundreds of political and advocacy clients to craft their digital advertising strategy, including work with national political candidates, ballot initiatives, pharmaceutical, financial, healthcare, and consumer goods companies as well as a commercial airliner and a major oil company. In addition to Mueller who will lead the expanding political effort, Dallas Lawrence will concurrently serve as the company’s senior political advisor supporting campaign strategy and advocacy outreach. Lawrence is currently the SVP and Head of Corporate Communications at Rubicon Project and brings nearly two decades of political campaign and advocacy experience to the new initiative. Prior to joining Rubicon Project, Lawrence was the chief global digital strategist for Burson-Marsteller in Washington, DC and spent more than a decade prior in the political arena running campaigns, leading communications for advocacy organizations, serving on Capitol Hill and directing communications efforts for the Executive Branch after joining President Bush’s communications team in 2003.
The Rubicon Project, Inc. to Report Q2, 2015 Results on Jul 28, 2015
Jul 9 15
The Rubicon Project, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 28, 2015