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Web.com Group to Announce its Full Year Results in February

January 16, 2013

Web.com (News - Alert) Group, Inc., a provider of Internet services and online marketing solutions for small businesses, will announce its fourth quarter and full year results for the fiscal period ended December 31, 2012 after the U.S. financial markets close on February 7, 2013.

Officials with Web.com Group said that the company will host a conference call on February 7, 2013, at 5:00 p.m. (Eastern Time) to discuss the company's financial results and current business outlook. A live webcast of the call will be available at the "Investor Relations" page of the company's website.

Earlier in November, Web.com Group announced that due to increased participation in its current debt re-pricing, the company has chosen to upsize its first credit facility at an improved interest rate, and plans to use the proceeds to significantly pay down its more expensive second term loan.

Back in October, Web.com Group announced results for the third quarter ended September 30, 2012.   

The company’s total revenue, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $105.8 million for the third quarter of 2012, compared to $43.9 million for the third quarter of 2011. Non-GAAP revenue, which adds back the impact of the fair value adjustment to acquired deferred revenue, was $124.2 million for the third quarter of 2012, above the company's guidance range of $122 million to $124 million.  

Operating loss, calculated in accordance with GAAP, was $5.6 million for the third quarter of 2012 and included a $19.0 million negative impact related to the fair value adjustment to acquired deferred revenue and deferred expense, and $1.2 million of restructuring charges and corporate development expenses. 

For the third quarter of 2011, the company reported a GAAP operating loss of $3.8 million, which included a $2.8 million negative impact from the fair value adjustment to acquired deferred revenue and deferred expense. 

GAAP net loss from continuing operations was $21.5 million, or ($0.45) per diluted share, for the third quarter of 2012, and included the above mentioned impact related to the fair value adjustment to acquired deferred revenue and deferred expense, restructuring charges and corporate development expenses, and an income tax benefit of $1.3 million.

GAAP net loss from continuing operations was $5.4 million, or ($0.19) per diluted share, in the third quarter of 2011. 

Adjusted EBITDA was $37.5 million for the third quarter of 2012, compared to $10.8 million for the third quarter of 2011 and representing a record 30 percent adjusted EBITDA margin.  

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Edited by Brooke Neuman

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