Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


comScore Reports Fourth Quarter and Full Year 2012 Results
Fourth quarter GAAP revenue grows 9% year-over-year and 2012 GAAP revenue grows 10%

RESTON, Va., Feb. 14, 2013 /PRNewswire/ -- comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, today announced financial results for the fourth quarter and full year of 2012.

(Logo: http://photos.prnewswire.com/prnh/20080115/COMSCORELOGO)

Fourth Quarter 2012
In the fourth quarter of 2012, comScore achieved record quarterly revenue of $68.4 million, an increase of 9% over the fourth quarter of 2011, driven by robust growth in the Company's Media Metrix suite of audience measurement products, in addition to accelerated momentum across its product offerings in mobile, advertising campaign measurement and digital business analytics. This revenue growth was partially offset by declines in the Company's non-health copy testing and configuration manager products, which comScore is evaluating for divestiture or elimination. Excluding revenue from these products, fourth quarter revenue, measured on a non-GAAP pro forma basis, would have increased 12% over the comparable period in 2011.

GAAP loss before income taxes was ($1.9) million in the fourth quarter of 2012, compared to ($4.4) million in the fourth quarter of 2011. GAAP net loss was ($1.6) million, or ($0.05) per basic and diluted share, in the fourth quarter of 2012, compared to ($3.3) million, or ($0.10) per basic and diluted share, in the fourth quarter of 2011. Non-GAAP net income in the fourth quarter of 2012 was $7.9 million, or $0.22 per diluted share, compared to $11.8 million, or $0.35 per diluted share, in the fourth quarter of 2011. Adjusted EBITDA was $12.2 million or 18% of revenue in the fourth quarter of 2012, compared to adjusted EBITDA of $15.4 million in the fourth quarter of 2011.

Full Year 2012
For the full year 2012, comScore reported revenue of $255.2 million, an increase of 10% from 2011. Excluding the non-health copy testing and configuration manager products, revenue in 2012, measured on a non-GAAP pro forma basis, would have increased 13% over 2011 revenue. GAAP loss before income taxes was ($9.4) million in 2012 compared to ($18.8) million in 2011. GAAP net loss was ($11.8) million, or ($0.35) per basic and diluted share, in 2012 compared to ($15.8) million, or ($0.49) per basic and diluted share, for the full year 2011. Non-GAAP net income in 2012 was $28.1 million, or $0.79 per diluted share, compared to $31.8 million, or $0.97 per diluted share, for the full year 2011. Adjusted EBITDA in 2012 was $44.4 million, compared to $47.1 million in 2011.

Dr. Magid Abraham, comScore's president and chief executive officer said, "We delivered a strong fourth quarter with revenue and adjusted EBITDA that underscored the health of our core businesses and momentum of our newer product offerings. Our multi-platform capabilities are invigorating Media Metrix sales activity and our validated Campaign Essentials (vCE) advertising analytics suite continues to see strong sales activity. We are particularly excited that we signed substantial deals for our website analytics offering, Digital Analytix, and for our mobile operator analytics product during the quarter. We also continued to solidify our market leadership with the addition of 45 net new customers in the fourth quarter, ending the year with a total of 2,159 customers.

"In 2013, we will continue our transformation into a real-time digital business analytics company, with a sharpened focus on our four strategic growth areas of audience, advertising, digital business and mobile operator analytics products. Our strong bookings trends, combined with our continued excellent renewal rates of over 90% on a constant dollar basis, give us confidence in our revenue outlook for 2013. We also expect to deliver increasing margin levels through continued operating efficiencies this year, reflecting our long-term commitment to profitable growth."

Financial Outlook
comScore's expectations for the first quarter of 2013, which assume disposition of the company's non-health copy-testing business and elimination of its configuration management activity during the first quarter, are outlined in the table below:

GAAP Revenue

$65.8 million to $67.2 million


GAAP (loss) income before income taxes

($4.3) million to ($3.1) million


Adjusted EBITDA*

$10.0 million to $11.2 million


Estimated fully-diluted shares

37.3 million







comScore's expectations for full year 2013 are outlined in the table below:

GAAP Revenue

$273.4 million to $283.2 million


GAAP income (loss) before income taxes

($8.1) million to $1.0 million


Adjusted EBITDA*

$46.0 million to $54.0 million

Estimated fully-diluted shares

37.8 million


*Reconciliations of GAAP to non-GAAP measures are set forth in the attachment to this press release.

Due to the high variability and difficulty in predicting certain items that affect GAAP net income, such as tax rates and stock price, comScore is unable to provide a complete reconciliation of adjusted EBITDA to net income (loss) on a forward-looking basis without unreasonable efforts. However, a reconciliation of forward-looking adjusted EBITDA to GAAP income (loss) before income taxes is set forth in the attachment to this press release.

Given the recent discussion regarding our non-health copy testing and configuration manager products, we are also providing non-GAAP pro forma revenue and pro forma adjusted EBITDA guidance reconciliations that exclude this business in the attachments to this press release.

Conference Call Information
Management will provide commentary on the company's results in a conference call on Thursday, February 14 at 5:00 pm ET.

The conference call and replay can be accessed by telephone and webcast as follows:

Call-in Number: 888-680-0879, Pass code 16142901
(International) 617-213-4856, Pass code 16142901

Replay Number: 888-286-8010, Pass code 26053806
(International) 617-801-6888, Pass code 26053806

Webcast (live and replay): http://ir.comscore.com/events.cfm

About comScore 
comScore, Inc. (NASDAQ: SCOR) is a global leader in digital measurement and analytics, delivering insights on web, mobile and TV consumer behavior that enable clients to maximize the value of their digital investments. For more information, please visit www.comscore.com/companyinfo.

Non-GAAP Financial Measures
comScore reports all financial information required in accordance with generally accepted accounting principles (GAAP). comScore believes, however, that evaluating its ongoing operating results will be enhanced if it also discloses certain non-GAAP information because it is useful to understand comScore's performance, as it excludes non-cash and other charges that many investors believe may obscure comScore's on-going operating results.

For example, comScore uses non-GAAP net income, which excludes stock-based compensation, amortization of acquired intangible assets, impairment of intangible assets, impairment of marketable securities, costs from acquisitions, restructurings and other non-recurring items, the non-cash deferred tax provision, litigation and related settlement costs, and the purchase accounting impact on acquired deferred revenue. comScore reports non-GAAP EPS (diluted), which uses non-GAAP net income in lieu of GAAP net income in calculating earnings per share. Non-GAAP pro forma revenue excludes the estimated effects of revenue generated from non-health copy testing and configuration manager products. Adjusted pro forma EBITDA also excludes the estimated effects of operations related to non-health copy testing and configuration manager products.

In addition, comScore believes that adjusted EBITDA is a useful measure for investors to use to evaluate its operating performance. Adjusted EBITDA comprises non-GAAP net income further adjusted to exclude the cash tax provision, depreciation, interest income (expense) net, and costs not associated with ongoing operations, such as acquisition, litigation and related settlement costs. A reconciliation of comScore's GAAP results to these non-GAAP measures is included in the financial tables accompanying this release.

The company believes that adjusted EBITDA is an important indicator of the company's operational strength and the performance of its business because it provides a link between profitability and operating cash flow. Adjusted EBITDA is also widely used by investors and analysts as a supplemental measure to evaluate the overall operating performance of companies in comScore's industry. comScore's management also uses adjusted EBITDA extensively as a measure of operating performance because it does not include the impact of items not directly resulting from its core operations. Moreover, the company's management uses the measure for planning purposes, to allocate resources and to evaluate the effectiveness of the company's business strategies and management's performance.

The company believes that excluding certain costs from non-GAAP net income, non-GAAP EPS, and adjusted EBITDA provides a meaningful indication to investors of the expected on-going operating performance of the company. Specifically as it relates to acquisitions and restructurings, the exclusion of these costs reflects the expected benefits realized or to be realized upon the integration of acquired entities into comScore, and the realized benefits of the restructurings.

comScore's management also uses free cash flow as a non-GAAP measure of the company's operating cash flow less cash expenditures for capital spending as a key indicator of the company's operating cash flow performance.

Whenever comScore uses such historical non-GAAP financial measures, it provides a reconciliation of historical non-GAAP financial measures to the most closely applicable GAAP financial measure. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measure included in the financial tables accompanying this release. Although the company provides a reconciliation of historical non-GAAP financial measures, due to the high variability and difficulty in predicting certain items that affect net income, such as tax rates and stock price, comScore is unable to provide a complete reconciliation of adjusted EBITDA to net income on a forward-looking basis without unreasonable efforts. However, a reconciliation of forward-looking adjusted EBITDA to GAAP income (loss) before income taxes is set forth in the attachment to this press release.

These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. The use of certain non-GAAP financial measures requires management to make estimates and assumptions regarding amounts of assets and liabilities and the amounts of revenue and expense during the reporting periods. Significant estimates and assumptions are inherent in the analysis and the measurement of certain elements of non-GAAP financial measures such as the impact of purchase accounting on acquired deferred revenue and the amortization of deferred contract costs associated with acquired deferred revenue. comScore bases its estimates on historical experience and assumptions that it believes are reasonable. Actual results could differ from those estimates.

Cautionary Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, comScore's expectations as to adoption of new products and services by customers; expectations about comScore's transformation to a real-time digital business analytics company; expectations regarding continued robust growth of the Media Metrix suite of products; expectations regarding continued growth of its customer base; expectations as to customer renewal rates; expectations regarding the customer reception, impact and financial benefits of certain products such as Digital Analytix and validated Campaign Essentials products; expectations regarding the possible divestiture or elimination of comScore's non-health copy testing and configuration manager products and the timing thereof, expectations and forecasts of future financial performance, including related growth rates and components thereof; and assumptions related to growth for the first quarter and full year of 2013. These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: comScore's ability to generate strong revenue and margin growth in future periods; comScore's ability to sell new or additional products and attract new customers, as well as longer sales cycles related to newer products such as validated Campaign Essentials, and Digital Analytix; comScore's ability to sell additional subscription-based products to customers; comScore's ability to sell additional products and services to existing customers; comScore's ability to divest or eliminate its non-health copy testing and configuration manager products; and the volatility of quarterly results and expectations.

For a detailed discussion of these and other risk factors, please refer to comScore's Annual Report on Form 10-K for the period ended December 31, 2011 and Quarterly Report on Form 10-Q for the period ended September 30, 2012 and from time to time other filings with the Securities and Exchange Commission (the "SEC"), which are available on the SEC's Web site (http://www.sec.gov).

Stockholders of comScore are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. comScore does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.

comScore, Inc.

Condensed Consolidated Statements of Operations

(dollars in thousands, except share and per share data)


























Three Months Ended


Twelve Months Ended


December 31,


December 31,


2012


2011


2012


2011


(unaudited)


(unaudited)


*









Revenues

$         68,354


$         62,586


$      255,193


$      232,392

Cost of revenues (excludes amortization of intangible assets; shown below) (1)

23,674


19,102


86,379


75,103

Selling and marketing (1)

25,341


20,073


91,849


78,289

Research and development (1)

8,728


8,099


33,994


34,050

General and administrative (1)

9,903


11,651


38,134


48,514

Amortization of intangible assets 

2,282


2,415


9,289


9,301

Impairment of intangible assets

-


-


3,349


-

Settlement of litigation

-


5,175


-


5,175

Total expenses from operations

69,928


66,515


262,994


250,432

Loss from operations

(1,574)


(3,929)


(7,801)


(18,040)

Interest and other (expense) income, net

(329)


(169)


(870)


(525)

Gain (loss) from foreign currency transactions

28


(320)


(744)


(410)

Gain on sale of marketable securities

-


-


-


211

Loss before income taxes

(1,875)


(4,418)


(9,415)


(18,764)

Income tax (provision) benefit

262


1,129


(2,374)


2,974

Net loss

$          (1,613)


$          (3,289)


$       (11,789)


$       (15,790)









Net loss per common share:








      Basic

$             (0.05)


$             (0.10)


$             (0.35)


$             (0.49)

      Diluted

$             (0.05)


$             (0.10)


$             (0.35)


$             (0.49)









Weighted -average number of shares used in per share calculation - common stock








      Basic

33,705,129


33,159,350


33,244,798


32,289,877

      Diluted

33,705,129


33,159,350


33,244,798


32,289,877

















(1) Amortization of stock-based compensation is included in the line items above as follows:








     Cost of revenues

$               641


$               394


$           2,481


$            1,976

     Selling and marketing 

$            3,986


$            2,202


$         12,283


$            8,512

     Research and development

$               525


$               394


$           1,919


$            1,988

     General and administrative

$            2,151


$            1,829


$           8,213


$            8,784









* Information derived from the audited Consolidated Financial Statements


 

comScore, Inc.

Condensed Consolidated Balance Sheets

(dollars in thousands)
















December 31,


December 31, 




2012


2011



Assets

 (unaudited) 


*








Current assets:






Cash and cash equivalents

$            61,764


$             38,071



Accounts receivable, net of allowances of $1,117 and $903, respectively

68,348


64,429



Prepaid expenses and other current assets 

8,877


10,379



Deferred tax assets (1)

9,940


13,630


Total current assets

148,929


126,509


Property and equipment, net

31,418


28,272


Other non-current assets

414


347


Long-term deferred tax assets (1)

12,065


9,477


Intangible assets, net

40,759


53,114


Goodwill

102,900


102,338


Total assets

$         336,485


$          320,057









Liabilities and stockholders' equity











Current Liabilities:






Accounts payable

$               7,229


$             10,300



Accrued expenses

24,409


25,891



Deferred revenues

80,824


68,726



Deferred rent

807


1,013



Deferred tax liability

17


155



Capital lease obligations

8,020


6,305


Total current liabilities

121,306


112,390


Deferred rent, long-term

10,096


7,634


Deferred revenue, long-term

1,715


1,709


Deferred tax liability, long-term

130


183


Capital lease obligations, long-term

6,478


6,676


Other long-term liabilities

1,117


898


Total liabilities

140,842


129,490








Stockholders' equity:






Common stock

36


34



Additional paid-in capital

274,622


258,967



Accumulated other comprehensive income 

1,825


617



Accumulated deficit

(80,840)


(69,051)


Total stockholders' equity

195,643


190,567


Total liabilities and stockholders' equity

$         336,485


$          320,057














* Information derived from the audited Consolidated Financial Statements


(1) Prior year amounts related to deferred tax assets have been reclassified to conform to the current period presentation.

 

 

comScore, Inc.

Condensed Consolidated Statements of Cash Flows

(dollars in thousands)
















 Twelve Months Ended  




 December 31, 




2012


2011




 (unaudited) 


 * 







Operating Activities:





Net loss


$           (11,789)


$ (15,790)

Adjustments to reconcile net loss to net cash provided by operating activities:






Depreciation


14,159


13,352


Amortization of intangible assets 


9,289


9,301


Impairment of intangible assets


3,349


-


Provisions for bad debts


1,429


220


Stock-based compensation


24,896


21,260


Amortization of deferred rent


934


(822)


Deferred tax provision (benefit)


896


(4,356)


(Gain) Loss on asset disposal


140


25


Gain on sale of marketable securities


-


(211)


Settlement of litigation


-


5,175







       Changes in operating assets and liabilities:






Accounts receivable


(4,936)


(10,184)


Prepaid expenses and other current assets


1,465


(1,520)


Accounts payable, accrued expenses, and other liabilities


(7,840)


11,390


Deferred revenues


11,568


(1,610)


Deferred rent


1,312


520


Net cash provided by operating activities


44,872


26,750







Investing activities:






Purchase of property and equipment


(7,590)


(7,235)


Acquisitions, net of cash acquired


-


(5,162)


Sales and maturities of investments


-


2,591


Net cash used in investing activities


(7,590)


(9,806)







Financing activities:






Proceeds from the exercise of common stock options


238


371


Repurchase of common stock


(7,362)


(7,392)


Excess tax benefits from stock based compensation


-


177


Principal payments on capital lease obligations


(7,012)


(5,390)


Proceeds from financing arrangements


4,131


-


Principal payments on financing arrangements


(4,280)


-


Debt issuance costs


-


(69)


Net cash used in financing activities


(14,285)


(12,303)







Effect of exchange rate changes on cash


696


(306)

Net increase in cash and cash equivalents


23,693


4,335

Cash and cash equivalents at beginning of period


38,071


33,736

Cash and cash equivalents at end of period


$             61,764


$   38,071













*  Information derived from the audited Consolidated Financial Statements



 

Reconciliation of Loss Before Income Taxes to non-GAAP Net Income and Adjusted EBITDA

 (dollars in thousands, except per share amounts)
















Three Months Ended

Twelve Months Ended


December 31,

December 31,


2012


2011

2012


2011


 (unaudited) 

 (unaudited) 








Loss before income taxes

$          (1,875)


$          (4,418)

$          (9,415)


$       (18,764)

Deferred tax benefit (provision)

755


994

(896)


4,356

Current cash tax benefit (provision)

(493)


135

(1,478)


(1,382)

Net loss

(1,613)


(3,289)

(11,789)


(15,790)








Purchase accounting impact on acquired deferred revenue

-


-

-


1,600

Amortization of intangible assets

2,282


2,415

9,289


9,301

Impairment of intangible assets

-


-

3,349


-

Stock-based compensation  

7,303


4,819

24,896


21,260

Costs related to acquisitions, restructuring and other non-recurring items

640


1,071

1,437


3,405

Costs related to litigation

-


2,642

-


11,367

Non-cash settlement of litigation

-


5,175

-


5,175

Gain on sale of marketable securities

-


-

-


(211)

Deferred tax (benefit) provision

(755)


(994)

896


(4,356)

Non-GAAP net income 

7,857


11,839

28,078


31,751








Current cash tax (benefit) provision

493


(135)

1,478


1,382

Depreciation

3,690


3,544

14,159


13,352

Interest expense (income), net

160


180

658


611

Adjusted EBITDA

$         12,200


$         15,428

$         44,373


$         47,096

Adjusted EBITDA margin (%)

18%


25%

17%


20%








EPS (diluted)

$           (0.05)


$           (0.10)

$            (0.35)


$           (0.49)

Non-GAAP EPS (diluted)

$             0.22


$             0.35

$              0.79


$             0.97















Weighted -average number of shares used in per share calculation - common stock














GAAP EPS (diluted)

33,705,129


33,159,350

33,244,798


32,289,877

Non-GAAP EPS (diluted)

35,743,650


33,657,234

35,388,656


32,887,323

 

 

 

Reconciliation of Revenue and Adjusted EBITDA to non-GAAP Pro Forma Revenue and non-GAAP Pro Forma Adjusted EBITDA(1)

(dollars in thousands)










Three Months Ended


December 31,


2012


2011


(unaudited)










As Reported

Adjustment to Exclude non-Health Copy Testing and Configuration Manager Products (3)

Adjusted 


As Reported

Adjustment to Exclude non-Health Copy Testing and Configuration Manager Products (3)

Adjusted 









Revenue 

$           68,354

(2,107)

$           66,247


$           62,586

(3,430)

$            59,156

Adjusted EBITDA(2)

$           12,200

(518)

$           11,682


$           15,428

(493)

$            14,935

Adjusted EBITDA margin (%)

18%

25%

18%


25%

14%

25%










Twelve Months Ended


December 31,


2012


2011


(unaudited)










As Reported

Adjustment to Exclude non-Health Copy Testing and Configuration Manager Products (3)

Adjusted 


As Reported

Adjustment to Exclude non-Health Copy Testing and Configuration Manager Products (3)

Adjusted 









Revenue 

$        255,193

(8,328)

$        246,865


$        232,392

(14,348)

$         218,044

Adjusted EBITDA(2)

$          44,373

(1,572)

$          42,801


$          47,096

(3,070)

$           44,026

Adjusted EBITDA margin (%)

17%

19%

17%


20%

21%

20%









(1) Pro forma revenue and pro forma EBITDA are adjusted to exclude the Company's non-health copy testing and configuration manager products

(2) See reconciliation of Adjusted EBITDA


(3) Adjustments to exclude non-health copy testing and configuration manager products are based on management's estimates of the revenues and results of operations of comScore's non-health copy testing and configuration manager products 


 

Reconciliation of GAAP Operating Cash Flow to Free Cash Flow 

(dollars in thousands)










Three Months Ended


Twelve Months Ended


December 31,


December 31,


2012


2011


2012


2011


(unaudited)


(unaudited)









Net cash provided by operating activities

$  11,744


$  7,991


$  44,872


$  26,750

Purchase of property and equipment

(2,630)


(1,336)


(7,590)


(7,235)

Free cash flow

$     9,114


$  6,655


$  37,282


$  19,515

 

 


Fourth Quarter 2012 Supplemental Financial and Business Information

(dollars in millions)






4Q12

4Q11

Change

Subscription Revenue

$        58.4

$        52.2

11.9%

Project Revenue

$        10.0

$        10.4

-3.8%

Existing Customer Revenue

$        60.4

$        55.9

8.1%

New Customer Revenue

$          8.0

$          6.7

19.4%

International Revenue

$        20.5

$        17.1

19.9%

Customer Count

2,159

1,978

9.2%





 

Revenue and Reconciliation of Income (Loss) Before Income Taxes to Adjusted EBITDA (Guidance) 

(dollars in thousands)

Forecasted amounts for the three and twelve month periods ending March 31, 2013 and December 31, 2013 are based on the mid-points of the range of guidance provided herein

The three and twelve month periods ending March 31, 2012 and December 31, 2012 reflect reported results










Three Months Ended


Full Year


March 31,


December 31,


2013


2012


2013


2012


(unaudited)


(unaudited)









Revenue

$  66,500


$  62,275


$  278,300


$  255,193









Income (loss) before income taxes

(3,700)


$         606


$      (3,500)


$      (9,415)

Amortization of acquired intangibles

2,300


2,320


8,100


9,289

Impairment of intangible assets

-


-


-


3,349

Stock-based compensation

6,300


5,090


26,400


24,896

Costs related to acquisitions, restructuring and other non-recurring items

1,400


-


2,900


1,437

Depreciation

4,100


3,420


15,100


14,159

Interest expense, net

200


173


1,000


658

Adjusted EBITDA

$  10,600


$  11,609


$     50,000


$     44,373

Adjusted EBITDA margin (%)

16%


19%


18%


17%

















Estimated Q1 2013 and full year 2013 non-GAAP (Diluted) share count is 37.3M and 37.8M, respectively.

 

 

Reconciliation of Revenue and Adjusted EBITDA to non-GAAP Pro Forma Revenue and non-GAAP Pro Forma Adjusted EBITDA(1) (Guidance)

(dollars in thousands)










Three Months Ended


March 31,


2013


2012


(unaudited)










Expected Results (4)

Adjustment to Exclude non-Health Copy Testing and Configuration Manager Products (3)

As Forecasted


As Reported

Adjustment to Exclude non-Health Copy Testing and Configuration Manager Products (3)

Adjusted 









Non-GAAP Revenue

$     67,300

(800)

$           66,500


$        62,275

(2,047)

$     60,228

Adjusted EBITDA(2)

$     10,300

300

$           10,600


$        11,609

(323)

$     11,286

Adjusted EBITDA margin (%)

15%

-38%

16%


19%

16%

19%










Twelve Months Ended


December 31,


2013


2012


(unaudited)










Expected Results (4)

Adjustment to Exclude non-Health Copy Testing and Configuration Manager Products (3)

As Forecasted


As Reported

Adjustment to Exclude non-Health Copy Testing and Configuration Manager Products (3)

Adjusted 









Non-GAAP Revenue

$  279,100

(800)

$        278,300


$     255,193

(8,328)

$  246,865

Adjusted EBITDA(2)

$     49,700

300

$           50,000


$        44,373

(1,572)

$     42,801

Adjusted EBITDA margin (%)

18%

-38%

18%


17%

19%

17%

































(1) Pro forma revenue and pro forma EBITDA are adjusted to exclude the Company's non-health copy testing and configuration manager products

(2) See reconciliation of Adjusted EBITDA


(3) Adjustments to exclude non-health copy testing and configuration manager products are based on management's estimates of the revenues and results of operations of comScore's non-health copy testing and configuration manager products 

(4) Represents expected revenue and adjusted EBITDA prior to pro forma adjustment to exclude non-Health Copy Testing and Configuration Manager products

 

SOURCE comScore, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
DevOps Summit at Cloud Expo 2014 Silicon Valley was a terrific event for us. The Qubell booth was crowded on all three days. We ran demos every 30 minutes with folks lining up to get a seat and usually standing around. It was great to meet and talk to over 500 people! My keynote was we...
The OpenNebula Project has just announced the Beta release of vOneCloud, a CentOS Linux virtual appliance for vSphere that contains all required OpenNebula services optimized to work on existing VMware vCenter deployments. vOneCloud is for companies that want to create a self-service c...
Code-named “Fox Fur”, the twenty-third release of OpenNebula is available today with complete support to build clouds on existing VMware environments. OpenNebula 4.10 seamlessly integrates vCenter virtualized infrastructures leveraging the advanced features such as vMotion, HA or DRS s...
Let’s say we developed an application and plan to move our app to production on Amazon Elastic Cloud (EC2). Our application, in the form of a webapp, was developed using eclipse and we have tested it on Tomcat running locally. Now, we may want to test our app on an EC2 environment befo...
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software,...
This past week the Appcore team got the opportunity to attend one of the industry’s leading cloud events, Cloud Expo in Santa Clara, CA. We spent a lot of time interacting with attendees at the exhibit portion of the event. As a software company with a sole commitment to CloudStack, we...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE