Proofpoint, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, total revenue was $30,764,000 against $24,619,000 a year ago. Operating loss was $5,896,000 against $4,583,000 a year ago. Loss before provision for income taxes was $6,251,000 against $4,674,000 a year ago. Net loss was $6,393,000 or $0.19 per basic and diluted share against $4,753,000 or $1.85 per basic and diluted share a year ago. Net cash provided by operating activities was $1,195,000 against $236,000 a year ago. Purchase of property and equipment was $988,000 against $1,287,000 a year ago. Non-GAAP operating loss was $1,803,000 against $2,727,000 a year ago. Non-GAAP net loss was $3,879,000 or $0.12 per basic and diluted share against $1,970,000 or $0.08 per basic and diluted share a year ago. LBITDA was $4,586,000 against $2,318,000 a year ago. Adjusted LBITDA was $2,109,000 against $783,000 a year ago. Capital expenditures were $1 million. Free cash flow generation was $0.2 million compared to negative free cash flow $1.1 million during the first quarter of 2012. The company is providing guidance for its second quarter and full year 2013. For the quarter, total revenue is expected to be in the range of $30.8 million to $31.4 million. The company expected second quarter non-GAAP gross margin to be approximately 72%, consistent with the first quarter and currently targeting adjusted EBITDA of negative $1.4 million to negative $1.7 million for the second quarter. Non-GAAP EPS loss is expected to be in the range of $0.09 to $0.08 based on approximately $34.5 million weighted average diluted shares outstanding. Non-GAAP net loss, which excludes stock-based compensation and amortization-related acquisitions to be $2.9 million to $3.2 million. For the full year, total revenue is expected to be in the range of $128.5 million to $129.5 million. Adjusted EBITDA loss is expected to be in the range of $4.8 million and $4.5 million. Non-GAAP EPS loss is expected to be in the range of $0.35 to $0.34 based on approximately 35.0 million weighted average diluted shares outstanding. Free cash flow, cefined as operating cash flow less capital expenditure, is expected to be approximately positive $5.0 million, which assumes capital expenditures of $7.0 million to $8.0 million. Full year non-GAAP gross margins expected to be approximately 72%. Non-GAAP net loss, which includes stock-based compensation and amortization-related acquisitions, expected to be $12 million to $12.3 million.

Proofpoint, Inc. announced its new spring release is available. The Enterprise Archive Spring Release enables organizations to leverage the Cloud -- while also enhancing their ability to address legal preservation challenges. To address preservation challenges of managing information 'in-the-wild, ' Proofpoint has released a Content Collection module for Microsoft SharePoint(R). This module enables legal teams to capture content that resides on Microsoft SharePoint servers and securely add them to legal holds managed within Proofpoint Enterprise Archive, thus addressing the growing problem that "SharePoint sprawl" presents for eDiscovery. The new module utilizes proven technology from Proofpoint's Enterprise Governance product and complements Proofpoint's existing content collection module for networked file share collections. For the increasing number of companies with cloud-centric IT strategies, Proofpoint now offers the ability to utilize a virtualized appliance to serve as a trusted gateway to its Cloud-based archiving services. This virtual appliance offers all the features of the original release, including the ability to generate customer-specific keys utilizing Proofpoint's patented DoubleBlind(TM) Key Architecture, which keeps legal and compliance teams in complete control over access to their data.

Proofpoint, Inc. announced a strategic expansion of Proofpoint's security solutions. Proofpoint Essentials(TM) is a suite of SaaS security and compliance solutions specifically designed for distribution across MSPs and dedicated security resellers. To create this product line, Proofpoint acquired Mail Distiller Limited. Later integration of core components of Proofpoint's protection technology into Mail Distiller's offering will enable Proofpoint Essentials to combine the security and threat detection capabilities used by the organizations with the ease of use, multi-level channel management and modern SaaS architecture required to serve the mid to small enterprise market. Proofpoint Essentials provides a full set of capabilities required by organizations to protect their email infrastructure, and includes inbound email filtering to block spam and malware, outbound filtering for compliance with company policies, email continuity to enable email service availability, and email archiving. It also features a simple, modern user interface for administrators and end users. The Mail Distiller offering, upon which Proofpoint Essentials is based, was chosen as the Editors' choice at the 2012 Computing Security Awards, and is used by thousands of customers across the Americas, Australia and Europe.