LogMeIn (LOGM) Tops Q3 EPS by 4c; Boosts FY14 Outlook
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LogMeIn Reports Third Quarter Results
October 23, 2014 4:08 PM EDTBOSTON, Oct. 23, 2014 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq: LOGM) today announced its results for the third quarter of 2014. Total revenue increased 35 percent to $58.1 million from $43.0 million reported in the third quarter of 2013.
Adjusted EBITDA for the third quarter of 2014 was $13.3 million, or 23 percent of revenue, as compared to $9.2 million, or 21 percent of revenue, in the third quarter of 2013.
Non-GAAP net income for the third quarter of 2014 was $8.1 million, or $0.32 per diluted share. Non-GAAP net income excludes $6.3 million in stock compensation expense, $57,000 in litigation related expense and $2.4 million in acquisition related costs and... More
