![]() ![]() The accompanying financial data includes additional information regarding these metrics and a reconciliation of non-GAAP financial information to GAAP. The Company uses a variety of operational and financial metrics, including non-GAAP financial measures, to evaluate its performance and financial condition. Munford added, “During the quarter we executed on our previously stated plans and made approximately $55 million in accelerated principal payments on our outstanding term loan we remain committed to leveraging our strong and growing free cash flow to aggressively pay down outstanding debt.” We remain committed to capitalizing on the opportunity of combining data protection and security, while we improve the effectiveness of our go-to-market efforts and deliver on our profitability targets.” “Our security software business performed well during the quarter, however, we continued to experience challenges in parts of our data protection business. “Carbonite delivered second quarter non-GAAP revenue of $135 million, up 69% year-over-year, while delivering an adjusted EBITDA margin of 29%,” said Steve Munford, chairman of the board and interim CEO of Carbonite. 2Īdjusted EBITDA of $39.1 million, or 29% of non-GAAP revenue, compared to $20.9 million, or 26% of non-GAAP revenue in 2018. Non-GAAP net income per share was $0.58 (basic) and $0.56 (diluted), as compared to $0.50 (basic) and $0.45 (diluted) in 2018. Net loss per share was ($0.33) (basic and diluted), as compared to ($0.20) (basic and diluted) in 2018. Net loss was ($11.3) million, compared to net loss of ($5.7) million in 2018. ![]() Non-GAAP revenue of $135.0 million increased 69% year-over-year. ![]() Revenue of $121.5 million increased 56% year-over-year. (NASDAQ: CARB), a global leader in data protection, today announced financial results for the second quarter ended June 30, 2019. ![]()
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