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Everyday Health Reports Third Quarter 2015 Financial ResultsNEW YORK, Nov. 10, 2015 /PRNewswire/ -- Everyday Health, Inc. (NYSE: EVDY), a leading provider of digital health marketing and communications solutions, today announced financial results for the third quarter ended September 30, 2015. For the third quarter:
"In the third quarter, we continued to execute on our strategy to build the leading platform for healthcare marketers," said Ben Wolin, Co-Founder and CEO of Everyday Health. "With the addition of the Tea Leaves Health CRM, and the full integration of our previous acquisitions, we are well-positioned to provide a comprehensive set of solutions for our customers. Whether it's our compelling consumer content and audience, solutions for healthcare professionals or our marketing tools for hospitals and insurance providers, our business is growing and we are excited about our prospects for the future." Financial Highlights For the three months ended September 30, 2015:
Financial Outlook For the fourth quarter of 2015, the Company anticipates achieving financial results as set forth below:
The Company is updating its full year 2015 guidance as follows:
"Our overall growth rates on both a GAAP and pro forma basis remain strong, and we are confident in our ability to continue delivering profitable revenue growth," said Brian Cooper, CFO of Everyday Health. "We remain optimistic about our market opportunity and growth prospects, and are well-positioned to grow revenue in 2016 and further build our market leadership." Earnings Teleconference Information The Company will discuss its third quarter 2015 financial results and business outlook during a teleconference today, November 10, 2015, at 4:30 PM ET. The conference call can be accessed at (877) 201-0168 or (647) 788-4901 (International), conference ID# 66790639 or via live webcast at http://ir.everydayhealth.com. Following completion of the call, a recorded replay of the webcast will be available on Everyday Health's website. To listen to the telephone replay, call toll-free (855) 859-2056 or (404) 537-3406 (International), conference ID# 66790639. The telephone replay will be available from 7:30 PM ET November 10, 2015 through 11:59 PM ET November 17, 2015. Additional investor information can be accessed at http://ir.everydayhealth.com. About Everyday Health, Inc. Everyday Health, Inc. (NYSE: EVDY) is a leading provider of digital health marketing and communications solutions. Everyday Health attracts a large and engaged audience of consumers and healthcare professionals to its premier health and wellness properties, and utilizes its data and analytics expertise to deliver highly personalized content experiences and efficient and effective marketing and engagement solutions. Everyday Health enables consumers to manage their daily health and wellness needs, healthcare professionals to stay informed and make better decisions for their patients, and marketers, health payers and providers to communicate and engage with consumers and healthcare professionals to drive better health outcomes. Everyday Health's content and solutions are delivered through multiple channels, including desktop, mobile web, and mobile phone and tablet applications, as well as video and social media. Safe Harbor Provision This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by their use of terms and phrases such as "anticipate," "enable," "expect," "will," "believe," "continue" and other similar terms and phrases, and such forward-looking statements include, but are not limited to, the statements regarding our future financial performance set forth under the heading "Financial Outlook." The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to: our ability to attract and retain users to our portfolio of properties; our ability to attract and retain customers; the timing and amount of advertising spending by our current and future customers; our ability to effectively integrate the acquisitions that we make; our ability to enter into new, or extend existing, partnership arrangements; our ability to successfully pursue opportunities in the broader health and wellness sectors; as well as those factors contained in the "Risk Factors" section of our SEC filings. All information in this release is as of November 10, 2015. Except as required by law, we undertake no obligation to update publicly any forward-looking statement made herein for any reason to conform the statement to actual results or changes in our expectations. Use of Non-GAAP Financial Measures To supplement the financial measures presented in the Company's press release and related conference call or webcast in accordance with accounting principles generally accepted in the United States ("GAAP"), we also present the following non-GAAP measures of financial performance: Adjusted EBITDA, non-GAAP net income and non-GAAP net income per share ("EPS"). A "non-GAAP financial measure" refers to a numerical measure of the Company's historical or future financial performance, financial position, or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in the Company's financial statements. The Company provides certain non-GAAP measures as additional information relating to its operating results as a complement to results provided in accordance with GAAP. The non-GAAP financial information presented here should be considered in conjunction with, and not as a substitute for or superior to, the financial information presented in accordance with GAAP and should not be considered a measure of the Company's liquidity. There are significant limitations associated with the use of non-GAAP financial measures. Further, these measures may differ from the non-GAAP information, even where similarly titled, used by other companies and therefore should not be used to compare the Company's performance to that of other companies. The Company has presented Adjusted EBITDA, non-GAAP net income and non-GAAP EPS as non-GAAP financial measures in this press release. We define Adjusted EBITDA as net loss plus: interest expense, net; income tax provision; depreciation and amortization expense; stock-based compensation expense; compensation expense related to acquisition earnout and retention bonus arrangements; write-offs of unamortized deferred financing and other debt extinguishment costs; executive transition charges; contract settlement charges; asset impairment charges; and preferred stock warrant mark-to-market adjustments. We define non-GAAP net income as net loss, plus non-cash stock-based compensation expense, compensation expense related to acquisition earnout and retention bonus arrangements, income tax provision, and other unusual or significant adjustments such as the write-off of deferred financing costs and other debt extinguishment costs, executive transition charges, contract settlement charges, asset impairment charges, and the preferred stock warrant mark-to-market adjustment. We define non-GAAP EPS as non-GAAP net income divided by weighted-average shares outstanding, which reflects the issuance of the shares sold in the Company's IPO, which closed on April 2, 2014, as well as the conversion of all outstanding shares of preferred stock into common stock in connection with the IPO. The Company believes the use of non-GAAP financial measures, as a supplement to GAAP measures, is useful to investors in that they eliminate items that are either not part of the Company's core operations or do not require a cash outlay, such as stock-based compensation. Our management uses these non-GAAP financial measures when evaluating the Company's operating performance and for internal planning and forecasting purposes. The Company believes that these non-GAAP financial measures help indicate underlying trends in the Company's business, are important in comparing current results with prior period results, and are useful to investors and financial analysts in assessing the Company's operating performance.
Logo - http://photos.prnewswire.com/prnh/20101112/NY00568LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/everyday-health-reports-third-quarter-2015-financial-results-300176078.html SOURCE Everyday Health, Inc. |