Carbonite, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Financial Guidance for the First Quarter and Full Year of 2019
For the year, total revenue was $296,408,000 against $239,462,000 a year ago. Income from operations was $3,667,000 against loss of $12,065,000 a year ago. Net income was $7,562,000 against loss of $4,002,000 a year ago. Net income per diluted share was $0.22 against loss of $0.14 a year ago. Net income per basic share was $0.24 against loss of $0.14 a year ago.
The company provided financial guidance for the first quarter and full year of 2019. For the first quarter, the company expects GAAP revenue of $76.5 million to $77.5 million.
For the full year of 2019, the company expects GAAP revenue of $468 million to $482 million.