Carbonite HomePlus includes full system backup, as wellĪs backup and restore features for external hard drives. The new offerings complement the Company's currentĬarbonite Home solution by including additional features and expandedįunctionality. Announced the availability of new solutions for its consumer and home Outsourced to third-party providers in India. The Company now supports all customer interactions using U.S.īased resources, including those interactions that were formerly Hired and trained employees to staff its new support center in Lewiston, Providers to Carbonite's domestic location. Completed the transition of customer support from overseas third-party Rate for the quarter excludes the forced attrition of approximatelyĢ0,000 customers as a result of a terminated channel relationship.Īn explanation of non-GAAP measures is provided under the "Non-GAAP Financial Measures" below and reconciliation to the most comparable GAAP measure is provided in the tables at the end of this press release. To 97% range, consistent with prior quarters since 2009. Quarterly retention rates for the third quarter of 2011 were in the 96% Total customers at the end of the third quarter of 2011 increased 34% toġ,164,000 from 869,000 at the end of the third quarter of 2010. The increase in cash was primarily the result ofĪpproximately $55.7 million in net proceeds that were raised through theĬompany's initial public offering, which was completed on August 16, Cash and cash equivalents were $71.7 million as of September 30, 2011,Ĭompared to $16.2 million as of Jand $13.9 million as ofĭecember 31, 2010. ($4.5) million in the third quarter 2010. Free cash flow for the third quarter of 2011 was ($489,000) compared to Million, compared to ($1.5) million in the third quarter 2010. Cash flow from operations for the third quarter of 2011 was $1.9 Non-GAAP net loss per share for the third quarter 2011 was ($0.26),Ĭompared to a Non-GAAP net loss per share of ($0.27) in the third ($6.5) million in the third quarter of 2010. Non-GAAP net loss for the third quarter of 2011, which excludesĪmortization expense on intangible assets, stock-based compensationĮxpense and patent litigation expense was ($6.6) million, compared to Net loss of ($1.52) per share (basic and diluted) in the third quarter Quarter 2011 was ($0.47) per share (basic and diluted), compared to a Net loss per share attributable to common stockholders for the third ($6.7) million in the third quarter 2010. Net loss for the third quarter of 2011 was ($7.4) million, compared to Gross margin for the third quarter of 2011 was 61.6%, compared to 58.7% Revenue for the third quarter of 2011 was $15.9 million, an increase ofĥ4% from $10.3 million in the third quarter of 2010. Of 45% from 14.1 million in the third quarter 2010. Bookings for the third quarter of 2011 were $20.5 million, an increase This is an important milestone in the Company's development and further builds on our brand awareness and increases the resources we have to continue to drive growth and expand our market share."įinancial and Operating Metrics for the Third Quarter Ended September 30, 2011 It continues to gain significant traction, allowing us to extend our leadership position."įriend added, "We are pleased to have completed our successful IPO in August. Our solution is easy to use, affordable, trusted and secure. Our founding premise, that every device that creates or stores data needs backup and online backup is the best way to do it, continues to prove out in our marketplace. (NASDAQ: CARB), a leading provider of online backup solutions for consumers and small and medium sized businesses, today announced financial results for the quarter ended September 30, 2011.ĭavid Friend, Chairman and Chief Executive Officer of Carbonite, stated, "This was a strong quarter for Carbonite with revenue increasing 54% year over year.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |