Carbonite, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of $53,435,000 against $33,972,000 a year ago. Income from operations was $1,447,000 against loss of $4,476,000 a year ago. Income before income taxes was $1,450,000 against loss of $4,417,000 a year ago. Net income was $1,160,000 or $0.04 per basic and diluted share against loss of $4,820,000 or $0.18 per basic and diluted share a year ago. Non-GAAP net income was $5,208,000 or $0.01 per basic and diluted share against loss of $253,000 or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $5,084,000 compared to $3,976,000 a year ago. Purchases of property and equipment was $885,000 compared to $1,617,000 a year ago. Adjusted free cash flow was $7,258,000 compared to $3,164,000 a year ago.

For the six months, revenue was $101,550,000 against $66,998,000 a year ago. Loss from operations was $3,004,000 against $10,469,000 a year ago. Loss before income taxes was $3,151,000 against $10,443,000 a year ago. Net loss was $3,536,000 or $0.13 per basic and diluted share against $11,050,000 or $0.41 per basic and diluted share a year ago. Non-GAAP net loss was $1,626,000 or $0.06 per basic and diluted share against $182,000 or $0.01 per basic and diluted share a year ago. Net cash used in operating activities was $1,673,000 against net cash provided by operating activities of $6,547,000 a year ago. Purchases of property and equipment were $2,809,000 against $4,906,000 a year ago. Adjusted free cash flow was $6,725,000 compared to $5,743,000 a year ago. Non-GAAP net income was $9,289,000 or $0.34 per basic and diluted share against loss of $1,626,000 or $0.06 per basic and diluted share a year ago.

For the third quarter of 2016, revenues are expected to be in the range of $44.5 million to $49.5 million and non-GAAP revenues are expected to be in the range of $45.0 million to $50.0 million. Non-GAAP net income per share is expected to be in the range of $0.06 to $0.10.

For the full year of 2016, the company is raising its financial guidance. The company expects adjusted EPS of $0.48 to $0.52 per share, up from a prior view for $0.31 to $0.35 per share. Revenues are seen at $195 million to $205 million, up from an earlier guidance for $177.5 million to $192.5 million. Non-GAAP net income per share assumes an effective tax rate of 11% for the full year of 2016.