LogMeIn, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Results Guidance for the Second Quarter Ended June 30, 2018 and Full Year Ended December 31, 2018
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.