groupon inc (GRPN) Details
Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. The company also offers deals on products for which it acts as the merchant of record. It offers deals in various categories, including food and drink, events and activities, beauty and spa, fitness, health, home and auto, shopping, and education. The company emails its subscribers discounted offers on goods, services, and travel targeted by location, purchase history, and personal preferences. It also enables its customers to access its deals directly through its Website and mobile applications. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. Groupon, Inc. was founded in 2008 and is headquartered in Chicago, Illinois.
Last Reported Date: 02/27/13
Founded in 2008
groupon inc (GRPN) Top Compensated Officers
Chief Financial Officer
Total Annual Compensation: $721.9K
Chief Operating Officer
Total Annual Compensation: $684.7K
Senior Vice President of Product Management
Total Annual Compensation: $336.5K
General Counsel and Secretary
Total Annual Compensation: $361.0K
Global Controller and Vice President
Total Annual Compensation: $328.8K
Compensation as of Fiscal Year 2012.
Groupon, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Second Quarter of 2013; Reaffirms Earnings Guidance for the Year 2013
May 8 13
Groupon, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $601,402,000 against $559,283,000 a year ago. Income from operations was $21,178,000 against $39,639,000 a year ago. Net loss was $3,242,000 against $3,593,000 a year ago. Net loss diluted per share was $0.01 against $0.02 a year ago. Income before provision for income taxes was $16,095,000 against $30,972,000 a year ago. Net loss attributable to common shareholders was $3,992,000 against $11,695,000 a year ago. Earnings per share were $0.03 excluding stock compensation. Revenue growth of 8% was driven by 42% growth in North America, and sequentially, operating income improved by $34 million in the past quarter. Operating income, excluding stock-based compensation and acquisition-related costs, was $51 million, declining $16 million year-over-year but improving $37 million quarter-over-quarter, with both segments contributing to the increase. Adjusted EBITDA was $72 million in the quarter, decreasing year-over-year by $7 million and improving sequentially by $42 million. Net cash provided by operating activities was $8,760,000 against $83,714,000 a year ago.
The company has decided to make incremental investments in the second quarter of approximately $15 million to $30 million between customer incentives and increased marketing spend, which will have a negative impact on both revenue and operating income in the second quarter but, the company believes, will benefit the company in future periods. As such, for the second quarter of 2013, the company expects revenue of between $575 million and $625 million; and operating income, excluding stock-based compensation and acquisition-related expenses, of between $20 million and $40 million. Tax expense is expected to be approximately $25 million. This outlook assumes no acquisitions or investments, or material changes in foreign exchange rates.
For the full year, the company reaffirms its guidance that the full year 2013 GAAP operating income will exceed $100 million.
Blue Calypso, Inc., Announces Markman Hearing Date for its Cases Against Groupon, IZEA, Foursquare, MyLikes and Yelp
Apr 29 13
Blue Calypso, Inc. announced that it has received a date of November 7, 2013 for the claim construction or Markman hearing in its patent infringement cases against five defendants, including Groupon, IZEA, Foursquare, MyLikes and Yelp. All of these cases are pending in the United States District Court for the Eastern District of Texas. Blue Calypso has retained global leaders in patent protection and litigation for its claims. Fish & Richardson P.C. represents the Company in its claims against Groupon, Foursquare, Yelp, IZEA and MyLikes. Farney Daniels P.C. represents the Company in its claim against LivingSocial.
Groupon, Inc. Unveils New Versions of the iPhone and Android Apps
Apr 23 13
Groupon unveiled new versions of the iPhone and Android apps that helped make the company a global ecommerce leader. The updates make search a front-and-center experience, and for the first time add dedicated support for Android tablets. In the Groupon iPhone app v.2.5 search is prominent with a clickable icon that allows customers to navigate from anywhere in the app. Search is a critical part of Groupon's product strategy. Most Groupon merchants now make their deals available on an ongoing basis, and search allows customers to find only the deals most relevant to them in this expanded marketplace. In iPhone v.2.5 search is prominent with a clickable icon that allows customers to navigate from anywhere in the app.