ZAGG, Inc. (NASDAQ: ZAGG) reported Q4 EPS of $0.18, $0.06 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $78.6 million versus the consensus estimate of $82.94 million.

On March 3, 2016 the Company completed its previously announced acquisition of mophie inc. for $100 million. The merger was funded with a combination of cash, $25.0 million term loan and a portion of an $85.0 million asset backed credit facility led by KeyBank, with an interest rate of LIBOR plus approximately 200 basis points. The agreement allows for an additional earn-out potential of 5x Adjusted EBITDA in excess of $20 million earned during the period beginning April 1, 2016 and ending March 31, 2017.

GUIDANCE:

ZAGG, Inc. sees FY2016 revenue of $460-500 million, versus the consensus of $287.4 million.

For earnings history and earnings-related data on ZAGG, Inc. (ZAGG) click here.