LogMeIn Announces Third Quarter 2018 Results
LOGMEIN (LOGM)
Last logmein earnings: 4/23 04:08 pm
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US:NASDAQ Investor Relations:
investor.logmeininc.com/about-us/investors/overview/default.aspx
Company Research
Source: GlobeNewswire
Renewal Rates Rebound; Raises Full Year Outlook BOSTON, Oct. 25, 2018 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (NASDAQ: LOGM), a leading provider of cloud-based connectivity, today announced its results for the third quarter ended September 30, 2018. Third quarter 2018 highlights include: GAAP revenue was $308.9 million and non-GAAP revenue was $309.6 millionGAAP net income was $12.7 million or $0.24 per diluted share and non-GAAP net income was $72.9 million or $1.40 per diluted shareEBITDA was $93.9 million or 30.4% of GAAP revenue and Adjusted EBITDA was $115.2 million or 37.2% of non-GAAP revenueCash flow from operations was $73.7 million or 23.8% of non-GAAP revenue, and adjusted cash flow from operations was $83.5 million or 27.0% of non-GAAP revenueTotal GAAP deferred revenue was $373.3 millionThe Company closed the quarter with cash and cash equivalents of $167.6 million and $200.0 million of borrowings under its existing credit agreement “LogMeIn had a strong quarter a
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