The Active Network, Inc. provides organization-based cloud computing application services to business customers in North America, Europe, and internationally. The company offers ActiveWorks, an organization-based cloud computing platform, which transforms the way organizers record, track, manage, and share information regarding activities and events. Its ActiveWorks back-office system pulls customers’ participant management, operational reporting, volunteer management, and service and payment processing functions into one hosted system. The company also provides consulting services, which consist primarily of business mapping, project management services, and guidance on best practices in us...
10182 Telesis Court
San Diego, CA 92121
Founded in 1998
The Active Network, Inc. Powers 5X Faster Check-In At Macworld
May 14 13
The Active Network, Inc. to deliver Customer Experience Management matrix, a technology solution built to intelligently manage large, complex events. Featuring real-time data and insights, powerful management tools, as well as a means to deliver relevant and targeted information to attendees before, during and after an event, ACTIVE Conference(TM) fuels a deeper relationship with customers, partners, and employees, and also can help power an increased return on marketing dollars.
The Active Network, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for Second Quarter of 2013; Announces Executive Changes
May 1 13
The Active Network, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total net revenue of $106,011,000 compared to $94,438,000 a year ago. Loss from operations was $13,190,000 compared to $21,002,000 a year ago. Loss before provision for income taxes was $13,910,000 compared to $19,727,000 a year ago. Net loss was $15,228,000 or $0.25 per basic and diluted share compared to $20,338,000 or $0.36 per basic and diluted share a year ago. Net cash provided by operating activities was $60,217,000 compared to $28,475,000 a year ago. Purchases of property and equipment were $6,130,000 compared to $5,849,000 a year ago. Capitalized software development was $5,388,000 compared to $5,285,000 a year ago. Non-GAAP net loss was $9,000,000 compared to $13,717,000 a year ago. Non-GAAP net loss per share-basic and diluted was $0.15 compared to $0.24 a year ago. Adjusted EBITDA was $6,135,000 compared to adjusted LBITDA of $2,997,000 a year ago.
For the second quarter of 2013, the company expects net loss to be in the range of $10,000,000 to $3,000,000, depreciation and amortization of $16,000,000 to $15,000,000, adjusted EBITDA to be in the range of $18,000,000 to $21,000,000, net loss per share- basic and diluted to be in the range of $0.16 to $0.05, non-GAAP net income to be in the range of $100,000 to $5,400,000 or $0.08 per diluted share or $0.09 per basic share. The company expects total revenue to be in the range of $128 million to $133 million.
The company announced several changes in its senior leadership as the company continues to focus on strengthening its long-term operational and financial performance. Jon Belmonte, a former Chief Media Officer and Chief Operating Officer at the company, has been named interim Chief Executive Officer, effective immediately. He succeeds Matthew Landa, who has resigned as CEO. In addition, David Alberga has resigned as Executive Chairman of the company and as Chairman of the board of directors, effective immediately. Messrs. Landa and Alberga will both remain members of the board; their terms expire at the company's Annual Meetings of Stockholders in 2013 and 2014, respectively. Mr. Belmonte has been nominated by the board to serve as a director and will stand for election at the company's 2013 Annual Meeting of Stockholders.
The Active Network, Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-08-2013 10:00 AM
Apr 25 13
The Active Network, Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-08-2013 10:00 AM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: Matthew G. Landa, Chief Executive Officer and Director, Scott Mendel, Chief Financial Officer and Principal Accounting Officer.