Carbonite, Inc. has expanded its executive team with the appointment of Randy Bogue as Vice President of Talent. Bogue, who joins the Carbonite team with nearly two decades of experience in recruiting and talent management, will be responsible for the human resources vision and strategies that include talent acquisition, retention, development and enhancing its high performance culture. Prior to joining Carbonite Randy was the President and founder of Venator Partners, an executive search and advisory services firm. Since its founding in 1995, Venator Partners completed hundreds of searches for high growth technology companies and provided advisory and training services to improve companies' ability to attract, assess and retain top talent. He also brings a strong entrepreneurial background to the position, having founded Venator Partners as well as Environmental Homes. He has also held positions at Morgan Stanley Dean Witter.

Carbonite, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $24,508,000 compared to $18,547,000 a year ago. Loss from operations was $7,411,000 compared to $9,103,000 a year ago. Loss before income taxes $7,409,000 compared to $9,106,000 a year ago. Net loss was $7,419,000 compared to $9,116,000 a year ago. Basic and diluted net loss per share attributable to common stockholders was $0.29 compared to $0.36 a year ago. Net cash provided by operating activities was $3,785,000 compared to $145,000 a year ago. Purchases of property and equipment were $3,131,000 compared to $4,926,000 a year ago. Non-GAAP net loss was $4,653,000 or 0.18 per share compared to $6,712,000 or 0.27 per share a year ago. CapEx was $3.1 million compared to $4.9 million for the same period a year ago. Non-GAAP net loss improved to a loss of $4.7 million this quarter, compared to a loss of $6.7 million in the same period last year. The company's non-GAAP net loss excludes $1.3 million of stock-based compensation expense, $1.2 million of patent litigation expense, and $264,000 from the amortization of intangible assets. Non-GAAP net loss per common share was $0.18 this quarter. This compares to a non-GAAP net loss of $0.27 in the first quarter of 2012. The company provided earnings guidance for the second quarter and full year 2013. For the second quarter 2013, the company expects total revenue to be in the range of $25.7 million to $25.9 million and non-GAAP net loss per common share to be in the range of $0.10 to $0.12. Company’s expectations of non-GAAP net loss per diluted common share for the second quarter exclude stock-based compensation expense, patent litigation expense and amortization expense on intangible assets, and assume a tax rate of 0% and weighted average shares outstanding of approximately 25.9 million. For the full year 2013, the company expects 2013 total revenue to be in the range of $104.0 million to $106.0 million and non-GAAP net loss per diluted common share to be in the range of $0.40 to $0.44. Company’s expectations of non-GAAP net loss per common share for the full year excludes stock-based compensation expense, patent litigation expense, a lease exit charge and amortization expense on intangible assets, and assumes a tax rate of 0% and weighted average shares outstanding of approximately 26.0 million.

Carbonite, Inc., Q1 2013 Earnings Call, May 02, 2013