Internet Software and Services
Company Overview of The Active Network, Inc.
Company Overview
10182 Telesis Court
Suite 100
San Diego, CA 92121
United States
Founded in 1998
3,452 Employees
Key Executives for The Active Network, Inc.
The Active Network, Inc. Key Developments
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. 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. 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.
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To contact The Active Network, Inc., please visit www.activenetwork.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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