LogMeIn Turns To Profit In Q1 - Quick Facts

(RTTNews) - LogMeIn Inc. (LOGM) reported first-quarter GAAP net income of $1.0 million, or $0.04 per share, compared to net loss of $5.8 million, or $0.24 per share, prior year. Non-GAAP net income for the first quarter of 2014 was $5.5 million, or $0.22 per share. Adjusted EBITDA was $9.9 million, compared to $6.9 million, a year ago.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased 31 percent to $49.0 million from $37.4 million. Analysts expected revenue of $47.06 million for the quarter.

For the second quarter of 2014, the company expects: revenue in the range of $52.2 million to $52.7 million; adjusted EBITDA in the range of $10.4 million to $10.9 million, non-GAAP net income in the range of $5.7 million to $6.0 million, or $0.23 to $0.24 per share. The company expects GAAP net income in the range of $100 thousand to $300 thousand or $0.00 to $0.01 per share. Analysts expect the company to report second-quarter profit per share of $0.22 on revenue of $49.08 million.

For 2014, the company expects: revenue in the range of $209.0 million to $212.0 million; adjusted EBITDA in the range of $44.0 million to $47.0 million; and non-GAAP net income in the range of $24.0 million to $26.0 million, or $0.96 to $1.04 per share. The company expects GAAP net income in the range of $2.5 million to $4.3 million, or $0.10 to $0.17 per share. Analysts expect the company to report full year proift per share of $0.92 on revenue of $200.46 million.