LogMeIn, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of $187,458,000 against $79,734,000 a year ago. Loss from operations was $34,182,000 against $707,000 a year ago. Loss before income taxes was $34,435,000 against $1,320,000 a year ago. Net loss was $18,564,000 against $1,073,000 a year ago. Net loss per share basic and diluted was $0.43 against $0.04 per share a year ago. Non-GAAP revenue was $201,103,000 against $79,734,000 a year ago. Non-GAAP operating income was $54,593,000 against $13,680,000 a year ago. Non-GAAP net income was $38,141,000 against $9,065,000 a year ago. Non-GAAP net income per diluted share was $0.85 against $0.35 per share a year ago. EBITDA was $6,102,000 against $4,737,000 a year ago. Adjusted EBITDA was $66,018,000 against $16,586,000 a year ago. Net cash provided by operating activities was $105,870,000 against $38,000,000 a year ago. Purchases of property and equipment was $3,694,000 against $4,376,000 a year ago.

For the three months ended June 30, 2017, the company expects GAAP revenue of $254 million to $256 million. Non-GAAP revenue of range between $264 million to $266 million. GAAP net income per share range between $0.03 to $0.06. Non-GAAP net income per diluted share of range between $0.92 to $0.94. EBITDA of range between $52 million to $54 million. Adjusted EBITDA of range between $87 million to $89 million. Non-GAAP net income is expected to be in the range of $49 million to $51 million. Non-GAAP net income for the second quarter assumes an effective tax rate of approximately 30% and non-GAAP net income per diluted share is based on an estimated 54 million fully-diluted weighted average shares outstanding. GAAP net income in the range of $1 million to $3 million. GAAP net income for the second quarter assumes a tax benefit of approximately $8 million and GAAP net income per share is based on an estimated 54 million fully-diluted weighted average shares outstanding.

For the year 2017, the company expects GAAP revenue of range between $970 million to $980 million. Non-GAAP revenue of range between $1,004 million to $1,014 million. GAAP net loss per share of range between $0.16 to $0.04. Non-GAAP net income per diluted share of range between $3.80 to $3.92. EBITDA of range between $184 million to $192 million. Adjusted EBITDA of range between $87 million to $89 million. Adjusted EBITDA of range between $343 million to $352 million. Net income per diluted share is expected to be in the range of $0.92 to $0.94, which adds back GoTo's deferred revenue acquisition fair value adjustment and excludes stock-based compensation expense and acquisition-related costs and amortization. Non-GAAP net income excludes an estimated $73 million in stock-based compensation expense, $52 million in acquisition related costs, $181 million of amortization expense of acquired intangible assets and also includes $20 million of amortization expense for GoTo's internally capitalized software development costs that were adjusted in acquisition accounting to fair value, as well as the income tax effect of the above items and discrete integration related tax items. Non-GAAP net income for the full fiscal year 2017 assumes an effective tax rate of approximately 30% and non-GAAP net income per diluted share is based on an estimated 52 million fully-diluted weighted average shares outstanding. GAAP net loss in the range of $8 million to $2 million. GAAP net loss for the full year assumes a tax benefit of $31 million to $29 million. GAAP net loss per share is based on an estimated 51 million weighted average basic shares outstanding.