LogMeIn, Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $279,217,000 as compared to $187,458,000 a year ago. Income from operations was $42,328,000 as compared to loss of $34,182,000 a year ago. Income before income taxes was $42,435,000 as compared to loss of $34,435,000 a year ago. Net income was $29,712,000 as compared to net loss of $18,564,000 a year ago. Diluted net earnings per share were $0.56 as compared to net loss of $0.43 per basic and diluted share a year ago. Non-GAAP revenue was $280,275,000 as compared to $201,103,000 a year ago. Non-GAAP operating income was $86,017,000 as compared to $54,593,000 a year ago. Non-GAAP income before income taxes was $86,124,000 as compared to $54,340,000 a year ago. Non-GAAP net income was $64,851,000 as compared to $38,141,000 a year ago. Non-GAAP net income per diluted share was $1.21 as compared to $0.85 a year ago. EBITDA was $113,618,000 as compared to $6,102,000 a year ago. Adjusted EBITDA was $102,058,000 as compared to $66,018,000 a year ago. Net cash provided by operating activities was $153,973,000 as compared to $105,870,000 a year ago. Purchases of property and equipment were $7,249,000 as compared to $3,694,000 a year ago. Intangible asset additions were $7,096,000 as compared to $6,031,000 a year ago.

The company provided earnings results guidance for the second quarter ended June 30, 2018 and full year ended December 31, 2018. For the quarter, the company expects GAAP net income of $1 million - $2 million, non-GAAP net income of $66 - $67 million, GAAP net income per diluted share of $0.03 - $0.04, non-GAAP net income per diluted share of $1.25 - $1.26, EBITDA of $78 million - $79 million and adjusted EBITDA of $107 million - $108 million. The company expects GAAP revenue of $303 million - $305 million, amortization of acquired intangibles of $62 million, depreciation and amortization expense of $14 million, EBITDA margin of 26% and adjusted EBITDA margin of 35%. Non-GAAP net income for the second quarter assumes an effective tax rate of approximately 25% and GAAP net income for the second quarter assumes a tax benefit of approximately $2 million.

For the year, the company expects GAAP net income of $45 million - $51 million, non-GAAP net income of $276 million - $282 million, GAAP net income per diluted share of $0.85 - $0.96, non-GAAP net income per diluted share of $5.20 - $5.31, EBITDA of $375 million - $383 million and adjusted EBITDA of $442 million - $450 million. The company expects GAAP revenue of $1,205 million - $1,220 million, amortization of acquired intangibles of $246 million and depreciation and amortization expense of $59 million, EBITDA margin of 31% and adjusted EBITDA margin of 37%. Non-GAAP net income for the fiscal year assumes an effective tax rate of approximately 25% and GAAP net income for the fiscal year assumes a tax provision of approximately $20 million.