constant contact inc (3CJ) Snapshot

Constant Contact, Inc. Presents at Stephens Spring Investment Conference, Jun-04-2013 10:00 AM. Venue: The New York Palace Hotel, New York, New York, United States. Speakers: Harpreet S. Grewal, Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer.

Constant Contact, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $68.2 million, an increase of 13.8%, compared to revenue of $59.9 million for the comparable period in 2012. GAAP net loss was $0.5 million, or $0.02 per basic and diluted share, compared to GAAP net income of $0.2 million, or $0.01 per basic and diluted share, for the first quarter of 2012. Adjusted EBITDA was $6.8 million compared to adjusted EBITDA of $7.2 million for the comparable period in 2012. Non-GAAP net income was $1.4 million, compared to non-GAAP net income of $2.8 million for the first quarter of 2012. Non-GAAP net income per diluted share was $0.05, compared to $0.09 per share for the first quarter of 2012. Cash flow from operations was $9.0 million, compared to $10.9 million for the first quarter of 2012. Capital expenditures were $4.7 million, compared to $5.5 million for the first quarter of 2012. Free cash flow was $4.3 million, compared to $5.4 million for the first quarter of 2012. Loss from operations was $2,667,000 compared to $414,000 a year ago. Loss before income taxes was $2,696,000 compared to $343,000 a year ago. The company provided earnings guidance for the second quarter of 2013 and increased earnings guidance for the full year 2013. For the second quarter of 2013, the company expects total revenue to be in the range of $69.9 million to $70.4 million, representing a year-over-year increase of approximately 13%. Adjusted EBITDA margin of 12.0% to 12.5%, adjusted EBITDA of $8.4 million to $8.8 million, GAAP net loss of $300,000 to $600,000, GAAP net loss per share of $0.01 to $0.02 and non-GAAP net income per share of $0.08 to $0.10. For the full year 2013, the company expects total revenue to be in the range of $284.0 million to $289.0 million, adjusted EBITDA margin of 15.1% to 15.6%, adjusted EBITDA of $43.0 million to $45.0 million, GAAP net income of $3.1 million to $4.3 million, GAAP net income per share of $0.10 to $0.13, non-GAAP net income per share of $0.62 to $0.69, estimated effective tax rate of 40% and estimated cash tax rate of 10% as compared to total revenue to be in the range of $284.0 million to $289.0 million, adjusted EBITDA margin of 15.5% to 15.8%, adjusted EBITDA of $44.0 million to $45.6 million, GAAP net income of $4.3 million to $5.3 million, GAAP net income per share of $0.14 to $0.17, non-GAAP net income per share of $0.66 to $0.71, estimated effective tax rate of 40% and estimated cash tax rate of 10% as previously guided. Capital expenditures as a percent of revenue for the year are expected to be about 8% and free cash flow is expected to be north of $20 million.

Constant Contact, Inc., Annual General Meeting, May 22, 2013., at 10:00 US Eastern Standard Time. Location: 1601 Trapelo Road. Agenda: To elect the three nominees identified in the attached proxy statement as members of board of directors to serve as class III directors for a term of three years; to approve an amendment to 2007 Employee Stock Purchase Plan to increase the number of shares of common stock authorized for issuance under the plan from 350,000 to 700,000; to ratify the selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2013; to hold an advisory vote to approve the compensation of named executive officers; and to transact other business, if any, that may properly come before the 2013 Annual Meeting of Stockholders or any adjournment of the 2013 Annual Meeting of Stockholders.