CITY, Month 0, 0000 /PRNewswire/ -- Company (NYSE: 000), lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam vulputate ex vitae massa interdum sodales Month 0, 0000.
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Nunc et leo mauris. Curabitur volutpat ultrices tellus, nec vulputate arcu efficitur id. Duis euismod elit sem, non fermentum felis laoreet in. Vivamus quis tincidunt leo. Vivamus eu tellus varius, tempus ipsum sed, condimentum mi. Maecenas imperdiet, mi congue tincidunt venenatis, tellus sapien vehicula mi, at ultricies purus urna sed nisi. Phasellus dictum accumsan risus, sed vehicula arcu auctor et. Aenean cursus, lacus vitae iaculis sodales, risus lorem eleifend sem, vitae auctor ipsum massa ut augue. Phasellus eu auctor risus, sagittis finibus nunc. Nullam rhoncus nisi elit, sed dapibus nunc porta vitae. Donec ac ultrices sapien, non consequat justo. Aenean lacus ipsum, ultricies ac feugiat et, tempor non justo. Sed (tincidunt imperdiet) mi id euismod. Nulla eu scelerisque diam.
About Company
Praesent vulputate at erat non venenatis. Morbi sed efficitur est, vel pretium sem. Phasellus tempor, dolor eu tempus dignissim, erat velit pulvinar nibh, eget porttitor justo turpis venenatis sapien.
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Company and its Subsidiaries |
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Condensed Consolidated Balance Sheets |
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(in thousands, except per share and share amounts) |
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(Unaudited) |
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Month 00, |
Month 00, |
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|
0000 |
0000 |
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Assets |
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Current assets: |
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|
Cash and cash equivalents |
$ 00,000 |
$ 00,000 |
||||||
|
Restricted cash |
00 |
000 |
||||||
|
Accounts receivable, net |
00,000 |
00,000 |
||||||
|
Prepaid expenses and other current assets |
00,000 |
00,000 |
||||||
|
Total current assets |
000,000 |
000,000 |
||||||
|
Property and equipment, net |
00,000 |
00,000 |
||||||
|
Other intangible assets, net |
000,000 |
000,000 |
||||||
|
Goodwill |
0,000,000 |
0,000,000 |
||||||
|
Other assets |
0,000 |
0,000 |
||||||
|
Total assets |
$ 0,000,000 |
$ 0,000,000 |
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Liabilities, Mandatorily Redeemable Equity and Stockholders' Equity (Deficit) |
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Current liabilities: |
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|
Current portion of long-term debt |
$ 00,000 |
$ 00,000 |
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|
Due to Company Owner, Convertible Preferred Equity Certificates |
- |
000,000 |
||||||
|
Accounts payable |
00,000 |
0,000 |
||||||
|
Accrued compensation and benefits |
00,000 |
00,000 |
||||||
|
Other accrued expenses |
00,000 |
00,000 |
||||||
|
Current portion of deferred revenue |
000,000 |
000,000 |
||||||
|
Total current liabilities |
000,000 |
000,000 |
||||||
|
Long-term debt, net of current portion |
0,000,000 |
0,000,000 |
||||||
|
Deferred revenue, net of current portion |
0,000 |
000 |
||||||
|
Deferred tax liability |
00,000 |
00,000 |
||||||
|
Other liabilities |
00,000 |
00,000 |
||||||
|
Total liabilities |
0,000,000 |
0,000,000 |
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|
Series X-X and Series X-X mandatorily redeemable stockholders' equity, 0,000,000 shares authorized, issued and outstanding at Month 00, 0000 |
- |
000 |
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|
Stockholders' equity (deficit): |
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|
Preferred stock, $0.0000 par value, 00,000,000 shares authorized; no shares issued at Month 00, 0000 and Month 00, 0000 |
- |
- |
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|
Common stock, $0.0000 par value, 000,000,000 shares authorized; 000,000,000 and 00,000,000 shares issued and outstanding at Month 00, 0000 and Month 00, 0000, respectively |
00 |
0 |
||||||
|
Additional paid-in capital |
000,000 |
00,000 |
||||||
|
Accumulated other comprehensive loss |
(00,000) |
(00,000) |
||||||
|
Accumulated deficit |
(000,000) |
(000,000) |
||||||
|
Total stockholders' equity (deficit) |
000,000 |
(000,000) |
||||||
|
Total liabilities, mandatorily redeemable equity and stockholders' equity (deficit) |
$ 0,000,000 |
$ 0,000,000 |
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|
Company and its Subsidiaries |
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Condensed Consolidated Statements of Operations and Comprehensive Loss |
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(in thousands, except per share and share amounts) |
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(Unaudited) |
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|
Three months ended Month 00, |
Nine months ended Month 00, |
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|
0000 |
0000 |
0000 |
0000 |
||||||||||
|
Revenue |
$ 000,000 |
$ 000,000 |
$ 000,000 |
$ 000,000 |
|||||||||
|
Cost of revenue |
00,000 |
00,000 |
000,000 |
000,000 |
|||||||||
|
Gross profit |
000,000 |
000,000 |
000,000 |
000,000 |
|||||||||
|
Operating costs and expenses |
|||||||||||||
|
Sales and marketing |
00,000 |
00,000 |
00,000 |
00,000 |
|||||||||
|
Research and development |
0,000 |
0,000 |
00,000 |
00,000 |
|||||||||
|
General and administrative |
00,000 |
00,000 |
000,000 |
00,000 |
|||||||||
|
Amortization of intangible assets |
00,000 |
00,000 |
00,000 |
00,000 |
|||||||||
|
Total operating costs and expenses |
00,000 |
000,000 |
000,000 |
000,000 |
|||||||||
|
Operating income (loss) |
00,000 |
(0,000) |
00,000 |
(00,000) |
|||||||||
|
Non operating income (losses) |
|||||||||||||
|
Foreign exchange gains (losses) |
000 |
000 |
(0,000) |
0,000 |
|||||||||
|
Interest and other income, net |
000 |
000 |
0,000 |
000 |
|||||||||
|
Interest expense |
(00,000) |
(00,000) |
(00,000) |
(00,000) |
|||||||||
|
Loss on extinguishment of debt |
(00,000) |
- |
(00,000) |
(00,000) |
|||||||||
|
Total non operating loss |
(00,000) |
(00,000) |
(000,000) |
(00,000) |
|||||||||
|
Loss before income taxes |
(00,000) |
(00,000) |
(000,000) |
(000,000) |
|||||||||
|
Benefit from income taxes |
(00,000) |
(00,000) |
(00,000) |
(00,000) |
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|
Net loss |
$ (00,000) |
$ (00,000) |
$ (00,000) |
$ (00,000) |
|||||||||
|
Other comprehensive income (loss) - foreign currency translation adjustments |
00,000 |
(0,000) |
00,000 |
(00,000) |
|||||||||
|
Comprehensive loss |
$ (00,000) |
$ (00,000) |
$ (00,000) |
$ (000,000) |
|||||||||
|
Net loss per share: |
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|
Basic |
$ (0.00) |
$ (0.00) |
$ (0.00) |
$ (0.00) |
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|
Diluted |
$ (0.00) |
$ (0.00) |
$ (0.00) |
$ (0.00) |
|||||||||
|
Weighted average shares outstanding used in computing per share amounts: |
|||||||||||||
|
Basic |
000,000,000 |
00,000,000 |
00,000,000 |
00,000,000 |
|||||||||
|
Diluted |
000,000,000 |
00,000,000 |
00,000,000 |
00,000,000 |
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|
Company and its Subsidiaries |
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Condensed Consolidated Statements of Cash Flows |
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(in thousands) |
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(Unaudited) |
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|
Nine months ended Month 00, |
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|
0000 |
0000 |
|||||
|
Cash flows from operating activities |
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|
Net loss |
$ (00,000) |
$ (00,000) |
||||
|
Adjustments to reconcile net loss to net cash provided by operating activities: |
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|
Depreciation and amortization |
000,000 |
00,000 |
||||
|
Noncash interest charges and amortization of debt discount and deferred financing costs |
00,000 |
00,000 |
||||
|
Noncash yield on Convertible Preferred Equity Certificates |
0,000 |
00,000 |
||||
|
Equity-based compensation expense |
0,000 |
0,000 |
||||
|
Provision for doubtful accounts |
0,000 |
0,000 |
||||
|
Deferred income taxes |
(00,000) |
(00,000) |
||||
|
Unrealized currency translation losses (gains) |
0,000 |
(0,000) |
||||
|
Gain on sale of business |
(0,000) |
- |
||||
|
Other |
(000) |
(000) |
||||
|
Changes in operating assets and liabilities, net of effect of acquisitions and disposal: |
||||||
|
Accounts receivable |
0,000 |
0,000 |
||||
|
Prepaid expenses and other current assets |
0,000 |
0,000 |
||||
|
Other assets |
000 |
0,000 |
||||
|
Accounts payable |
(0,000) |
0,000 |
||||
|
Accrued compensation and benefits |
(00,000) |
0,000 |
||||
|
Other accrued expenses |
(0,000) |
(000) |
||||
|
Deferred revenue |
(0,000) |
(00,000) |
||||
|
Other liabilities |
(000) |
(0,000) |
||||
|
Net cash provided by operating activities |
00,000 |
0,000 |
||||
|
Cash flows from investing activities |
||||||
|
Purchases of property and equipment |
(0,000) |
(0,000) |
||||
|
Software development costs |
(00,000) |
(0,000) |
||||
|
Acquisitions of businesses, net of cash acquired of $12,354 and $9,071 |
(00,000) |
(000,000) |
||||
|
Proceeds from disposal of business |
00,000 |
0,000 |
||||
|
Change in restricted cash |
000 |
(00) |
||||
|
Net cash used in investing activities |
(00,000) |
(00,000) |
||||
|
Cash flows from financing activities |
||||||
|
Proceeds from revolving credit facility |
0,000 |
00,000 |
||||
|
Repayment of revolving credit facility |
(00,000) |
- |
||||
|
Proceeds from issuance of Convertible Preferred Equity Certificates to Company Owner |
- |
000,000 |
||||
|
Payment of amounts due to Company Owner |
(0,000) |
- |
||||
|
Proceeds from term credit facility, net of debt discount of $00,000 and $000,000 |
0,000,000 |
0,000,000 |
||||
|
Repayments of term credit facility |
(0,000,000) |
(000,000) |
||||
|
Payments on capital lease obligations |
(000) |
(000) |
||||
|
Proceeds from the consummation of the Transactions |
000,000 |
- |
||||
|
Net cash provided by financing activities |
$ 00,000 |
$ 000,000 |
||||
|
Effect of exchange rate changes on cash and cash equivalents |
0,000 |
(000) |
||||
|
Increase (decrease) in cash and cash equivalents |
00,000 |
(000) |
||||
|
Cash and cash equivalents |
||||||
|
Beginning of period |
00,000 |
00,000 |
||||
|
End of period |
$ 00,000 |
$ 00,000 |
||||
|
Supplemental non-cash information |
||||||
|
Contribution of Convertible Preferred Equity Certificates in connection with Transactions |
$ 000,000 |
$ - |
||||
|
Issuance of Convertible Preferred Equity Certificates in connection with acquisition |
- |
00,000 |
||||
|
Company and its Subsidiaries |
|||||
|
Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA |
|||||
|
(in thousands) |
|||||
|
(Unaudited) |
|||||
|
Three Months |
Three Months |
Nine Months |
Nine Months |
||
|
Net income (loss) |
$ (00,000) |
$ (00,000) |
$ (00,000) |
$ (00,000) |
|
|
Depreciation and amortization |
00,000 |
00,000 |
000,000 |
00,000 |
|
|
Interest expense and loss on extinguishment of debt |
00,000 |
00,000 |
000,000 |
000,000 |
|
|
Provision (benefit) from income taxes |
(00,000) |
(00,000) |
(00,000) |
(00,000) |
|
|
EBITDA (0)(0) |
$ 00,000 |
$ 00,000 |
$ 000,000 |
$ 00,000 |
|
|
Acquisition related costs and expenses |
0,000 |
00,000 |
00,000 |
00,000 |
|
|
Stock-based compensation |
0,000 |
0,000 |
0,000 |
0,000 |
|
|
Deferred revenue reduction from purchase accounting |
000 |
000 |
000 |
000 |
|
|
Gain on sale of business |
- |
- |
(0,000) |
- |
|
|
Sponsor fees and expenses |
- |
000 |
000 |
000 |
|
|
Unrealized translation loss (gain) |
(000) |
0,000 |
0,000 |
(0,000) |
|
|
Adjusted EBITDA (0)(0) |
$ 00,000 |
$ 00,000 |
$ 000,000 |
$ 000,000 |
|
|
Company and its Subsidiaries |
|||||
|
Reconciliation of Net Income (Loss) to Adjusted Net Income and Adjusted Pro Forma Net Income per Diluted Share |
|||||
|
(in thousands, except per share and share amounts) |
|||||
|
(Unaudited) |
|||||
|
Three Months |
Three Months |
Nine Months |
Nine Months |
||
|
Net income (loss) |
$ (00,000) |
$ (00,000) |
$ (00,000) |
$ (00,000) |
|
|
Provision (benefit) from income taxes |
(00,000) |
(00,000) |
(00,000) |
(00,000) |
|
|
Acquisition related costs and expenses |
0,000 |
00,000 |
00,000 |
00,000 |
|
|
Gain on sale of business |
- |
- |
(0,000) |
- |
|
|
Stock-based compensation expense |
0,000 |
0,000 |
0,000 |
0,000 |
|
|
Deferred revenue reduction from purchase accounting |
000 |
000 |
000 |
000 |
|
|
Amortization related to acquired intangible assets |
00,000 |
00,000 |
00,000 |
00,000 |
|
|
Debt refinancing, CPEC interest and debt extinguishment costs |
00,000 |
00,000 |
00,000 |
00,000 |
|
|
Sponsor fees and expenses |
- |
000 |
000 |
000 |
|
|
Unrealized translation loss (gain) |
(000) |
0,000 |
0,000 |
(0,000) |
|
|
Adjusted income (loss) before income taxes |
$ 00,000 |
$ 0,000 |
$ 00,000 |
$ 00,000 |
|
|
Less: Income tax at 00% statutory rate |
(0,000) |
(0,000) |
(00,000) |
(0,000) |
|
|
Adjusted net income (0)(0) |
$ 00,000 |
$ 0,000 |
$ 00,000 |
$ 00,000 |
|
|
Pro forma fully-diluted weighted average shares outstanding (0)(0) |
000,000 |
00,000 |
00,000 |
00,000 |
|
|
Adjusted pro forma net income per diluted share (0)(0) |
$ 0.00 |
$ 0.00 |
$ 0.00 |
$ 0.00 |
|
|
Company and its Subsidiaries |
|||
|
Reconciliation of Net Cash Provided by Operating Activities to Adjusted Net Cash Provided by Operating Activities |
|||
|
(in thousands) |
|||
|
(Unaudited) |
|||
|
Nine Months |
Nine Months |
Net Change |
|
|
Net cash provided by operating activities |
$ 00,000 |
$ 0,000 |
$ 00,000 |
|
Acquisition related costs and expenses |
00,000 |
00,000 |
(00,000) |
|
Adjusted net cash provided by operating activities (0)(0) |
$ 00,000 |
$ 00,000 |
$ 00,000 |
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Investor Contact:
Morbi Nullam
Chief Financial Officer
Morbi.Nullam@company.com
Media Contact:
Aenean Vestibulum
Vice President, Marketing
Aenean.Vestibulum@company.com
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