Item 8.01 Other Events.
On
The information contained in Item 8.01 in this Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filings, unless expressly incorporated by specific reference in such filing.
Forward-Looking Statements This release contains forward-looking statements within the meaning of federal securities laws that involve risks and uncertainties, including our financial outlook for the first quarter of 2021. There are a significant number of factors that could cause actual results to differ materially from forward-looking statements made in our filings and releases, including in this release, including: our ability to achieve the anticipated benefits of our previously disclosed transactions withLake Holdings (as defined in our most recent Annual Report); the extent of disruption to our business caused by the transactions withLake Holdings and its effect, if any with our customers, including the potential disruption if the transactions withLake Holdings are not completed; our ability to attract and retain customers; our ability to expand our course library and develop new platform features; the demand for, and market acceptance of our platform; competition; our ability to respond to rapid technological changes; our expectations of the potential impact the COVID-19 pandemic may have on our business; our ability to improve sales management and execution; our ability to successfully defend ourselves in legal proceedings; and other market, political, economic, and business conditions. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K filed with theSEC onFebruary 26, 2021 , which is available on our website at investors.pluralsight.com and on theSEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with theSEC from time to time. All forward-looking statements in this release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law. Key Business Metrics Billings. Billings represents total revenue plus the change in deferred revenue in the period, as presented in our consolidated statements of cash flows, less the change in contract assets and unbilled accounts receivable in the period. Billings in any particular period represent amounts invoiced to customers and reflects subscription renewals and upsells to existing customers plus sales to new customers. We use billings to measure our ability to sell subscriptions to our platform to both new and existing customers. 1
--------------------------------------------------------------------------------
© Edgar Online, source