Last $11.67 USD
Change Today +0.03 / 0.26%
Volume 13.2K
CARB On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 3:03 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

carbonite inc (CARB) Key Developments

Carbonite, Inc. Appoints Cassandra Hudson as Chief Accounting Officer, Vice President of Finance and Assistant Treasurer of the Company

On November 3, 2014, Carbonite, Inc. announced that Ms. Cassandra Hudson has been appointed as Chief Accounting Officer, Vice President of Finance, and Assistant Treasurer of the company effective October 28, 2014. Ms. Hudson, age 32, previously served as the Company's Corporate Controller since October 2012 and as Director of Finance from March 2009 to March 2011, Accounting Manager from March 2008 to March 2009, and a Senior Accountant from March 2008 to March 2009. In connection with Ms. Hudson's promotion, the Company amended the employment agreement, as most recently amended on October 17, 2012, between the Company and Ms. Hudson, with a promotion letter dated October 28, 2014. Pursuant to the Promotion Letter, Ms. Hudson shall serve as the Chief Accounting Officer, Vice President of Finance, and Assistant Treasurer of the company and shall receive an annual base salary of $200,000, subject to increases and modifications as determined by board of directors or its compensation committee.

Carbonite, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2014

Carbonite, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $31.274 million against $27.683 million a year ago. Loss from operations was $0.481 million against $1.177 million a year ago. Loss before income taxes was $0.689 million against $1.177 million a year ago. Net loss was $0.699 million or $0.03 per basic and diluted share against $1.187 million or $0.05 per basic and diluted share a year ago. Net cash provided by operating activities was $3.987 million against $2.353 million a year ago. Purchases of property and equipment was $5.562 million against $1.649 million a year ago. Non-GAAP net income was $0.979 million or $0.04 per basic and diluted share against $0.238 million or $0.01 per basic and diluted share a year ago. Non-GAAP free cash flow was $2.1 million compared to $1.4 a year ago. For the nine months, the company reported revenue of $90.706 million against $78.407 million a year ago. Loss from operations was $3.970 million against $10.893 million a year ago. Loss before income taxes was $4.187 million against $10.893 million a year ago. Net loss was $4.217 million or $0.16 per basic and diluted share against $10.923 million or $0.42 per basic and diluted share a year ago. Net cash provided by operating activities was $14.587 million against $9.543 million a year ago. Purchases of property and equipment was $10.602 million against $6.994 million a year ago. Non-GAAP net income was $0.796 million or $0.03 per basic and diluted share against non-GAAP net loss of $4.846 million or $0.19 per basic and diluted share a year ago. For the fourth quarter of 2014, revenues are expected to be in the range of $31.7 million - $32.1 million and non-GAAP net loss per share to be in the range of $0.04 - $0.02. For the full year 2014, revenues are expected to be in the range of $122.4 million - $122.8 million and non-GAAP net loss per share to be in the range of $0.01 - net earnings of $0.01.

Carbonite, Inc. to Report Q3, 2014 Results on Oct 30, 2014

Carbonite, Inc. announced that they will report Q3, 2014 results at 8:30 AM, US Eastern Standard Time on Oct 30, 2014

Carbonite, Inc., Q3 2014 Earnings Call, Oct 30, 2014

Carbonite, Inc., Q3 2014 Earnings Call, Oct 30, 2014

Carbonite, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revises Earnings Guidance for the Year 2014

Carbonite, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was $30,295,000 against $26,216,000 a year ago. Loss from operations was $2,547,000 against $2,305,000 a year ago. Loss before income taxes was $2,526,000 against $2,307,000 a year ago. Net loss was $2,536,000 or $0.09 per basic and diluted share against $2,317,000 or $0.09 per basic and diluted share a year ago. Non-GAAP net loss was $707,000 or $0.03 per basic and diluted share against $431,000 or $0.02 per basic and diluted share a year ago. Net cash provided by operating activities was $3,275,000 against $3,405,000 a year ago. Purchases of property and equipment were $1,895,000 against $2,214,000 a year ago. For the six months, revenue was $59,433,000 against $50,724,000 a year ago. Loss from operations was $3,488,000 against $9,716,000 a year ago. Loss before income taxes was $3,498,000 against $9,716,000 a year ago. Net loss was $3,518,000 or $0.13 per basic and diluted share against $9,736,000 or $0.38 per basic and diluted share a year ago. Non-GAAP net loss was $183,000 or $0.01 per basic and diluted share against $5,084,000 or $0.20 per basic and diluted share a year ago. Net cash provided by operating activities was $10,600,000 against $7,190,000 a year ago. Purchases of property and equipment were $5,040,000 against $5,345,000 a year ago. For the third quarter of 2014, the company’s revenues are expected to be in the range of $31.2 million to $31.4 million and non-GAAP net loss per share to be in the range of $0.01 to non-GAAP net income per share of $0.01. For the full year of 2014, based on performance in second quarter, the company is revising full year guidance for revenue and profitability. It is narrowing revenue guidance to be in the range of $122.4 million to $123 million and non-GAAP net loss to be in the range of $0.06 to $0.02 per share. It is still expecting gross margin for the full year to be relatively flat compared to 2013 and free cash flow in the range of $12 million to $14 million before one-time items associated with the relocation of corporate headquarters in Boston and one of its data centers.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CARB:US $11.67 USD +0.03

CARB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AVG Technologies NV $19.60 USD -0.01
Immediatek Inc $1.99 USD 0.00
Novavisions AG €0.02 EUR 0.00
RingCentral Inc $12.75 USD -0.14
Spare Backup Inc $0.0032 USD 0.00
View Industry Companies
 

Industry Analysis

CARB

Industry Average

Valuation CARB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.6x
Price/Book 20.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CARBONITE INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.