Acme, Inc. Reports Quarterly Results

CITY, Month 0, 0000 /PRNewswire/ -- Company (NYSE: 000), lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam vulputate ex vitae massa interdum sodales Month 0, 0000.

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About Company
Praesent vulputate at erat non venenatis. Morbi sed efficitur est, vel pretium sem. Phasellus tempor, dolor eu tempus dignissim, erat velit pulvinar nibh, eget porttitor justo turpis venenatis sapien.

Company and its Subsidiaries

Condensed Consolidated Balance Sheets

(in thousands, except per share and share amounts)

(Unaudited)

 
   

Month 00,

 

Month 00,

   

0000

 

0000

         

Assets

     

Current assets:

     
 

Cash and cash equivalents

$             00,000

 

$           00,000

 

Restricted cash

00

 

000

 

Accounts receivable, net

00,000

 

00,000

 

Prepaid expenses and other current assets

00,000

 

00,000

 

 

 

Total current assets

000,000

 

000,000

Property and equipment, net

00,000

 

00,000

Other intangible assets, net

000,000

 

000,000

Goodwill

0,000,000

 

0,000,000

Other assets

0,000

 

0,000

 

 

 

Total assets

$         0,000,000

 

$       0,000,000

         

Liabilities, Mandatorily Redeemable Equity and Stockholders' Equity (Deficit)

     

Current liabilities:

     
 

Current portion of long-term debt

$             00,000

 

$           00,000

 

Due to Company Owner, Convertible Preferred Equity Certificates

-

 

000,000

 

Accounts payable

00,000

 

0,000

 

Accrued compensation and benefits

00,000

 

00,000

 

Other accrued expenses

00,000

 

00,000

 

Current portion of deferred revenue

000,000

 

000,000

 

 

 

Total current liabilities

000,000

 

000,000

Long-term debt, net of current portion

0,000,000

 

0,000,000

Deferred revenue, net of current portion

0,000

 

000

Deferred tax liability

00,000

 

00,000

Other liabilities

00,000

 

00,000

 

 

 

Total liabilities

0,000,000

 

0,000,000

         

Series X-X and Series X-X mandatorily redeemable stockholders'

equity, 0,000,000 shares authorized, issued and outstanding at Month 00, 0000

 

-

 

 

000

         

Stockholders' equity (deficit):

     
 

Preferred stock, $0.0000 par value, 00,000,000 shares authorized; no shares issued at Month 00, 0000 and Month 00, 0000

-

 

-

 

Common stock, $0.0000 par value, 000,000,000 shares authorized; 000,000,000 and 00,000,000 shares issued and outstanding at Month 00, 0000 and Month 00, 0000, respectively

 

00

 

 

0

 

Additional paid-in capital

000,000

 

00,000

 

Accumulated other comprehensive loss

(00,000)

 

(00,000)

 

Accumulated deficit

(000,000)

 

(000,000)

 

 

 

Total stockholders' equity (deficit)

000,000

 

(000,000)

         
 

 

 

Total liabilities, mandatorily redeemable equity and stockholders' equity (deficit)

$         0,000,000

 

$       0,000,000

 

Company and its Subsidiaries

Condensed Consolidated Statements of Operations and Comprehensive Loss

(in thousands, except per share and share amounts)

(Unaudited)

 
   

Three months ended Month 00, 

 

Nine months ended Month 00, 

   

0000

 

0000

 

0000

 

0000

                 

Revenue

$        000,000

 

$       000,000

 

$       000,000

 

$       000,000

Cost of revenue

00,000

 

00,000

 

000,000

 

000,000

   

 

Gross profit

000,000

 

000,000

 

000,000

 

000,000

Operating costs and expenses

             
 

Sales and marketing

00,000

 

00,000

 

00,000

 

00,000

 

Research and development

0,000

 

0,000

 

00,000

 

00,000

 

General and administrative

00,000

 

00,000

 

000,000

 

00,000

 

Amortization of intangible assets

00,000

 

00,000

 

00,000

 

00,000

   

 

Total operating costs and expenses

00,000

 

000,000

 

000,000

 

000,000

   

 

Operating income (loss)

00,000

 

(0,000)

 

00,000

 

(00,000)

Non operating income (losses)

             
 

Foreign exchange gains (losses)

000

 

000

 

(0,000)

 

0,000

 

Interest and other income, net

000

 

000

 

0,000

 

000

 

Interest expense

(00,000)

 

(00,000)

 

(00,000)

 

(00,000)

 

Loss on extinguishment of debt

(00,000)

 

-

 

(00,000)

 

(00,000)

   

 

Total non operating loss

(00,000)

 

(00,000)

 

(000,000)

 

(00,000)

   

 

Loss before income taxes

(00,000)

 

(00,000)

 

(000,000)

 

(000,000)

Benefit from income taxes

(00,000)

 

(00,000)

 

(00,000)

 

(00,000)

   

 

Net loss

$         (00,000)

 

$       (00,000)

 

$       (00,000)

 

$       (00,000)

Other comprehensive income (loss) - foreign currency translation adjustments

00,000

 

(0,000)

 

00,000

 

(00,000)

 

Comprehensive loss

$         (00,000)

 

$       (00,000)

 

$       (00,000)

 

$      (000,000)

                 

Net loss per share:

             
 

Basic

$             (0.00)

 

$           (0.00)

 

$           (0.00)

 

$           (0.00)

 

Diluted

$             (0.00)

 

$           (0.00)

 

$           (0.00)

 

$           (0.00)

Weighted average shares outstanding used in computing per share amounts:

             
 

Basic

000,000,000

 

00,000,000

 

00,000,000

 

00,000,000

 

Diluted

000,000,000

 

00,000,000

 

00,000,000

 

00,000,000

 

Company and its Subsidiaries

Condensed Consolidated Statements of Cash Flows

(in thousands)

(Unaudited)

 
 

 Nine months ended Month 00,  

 

0000

 

0000

       
       

Cash flows from operating activities

     

Net loss

$       (00,000)

 

$      (00,000)

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

     
 

Depreciation and amortization

000,000

 

00,000

 

Noncash interest charges and amortization of debt discount and deferred financing costs

00,000

 

00,000

 

Noncash yield on Convertible Preferred Equity Certificates

0,000

 

00,000

 

Equity-based compensation expense

0,000

 

0,000

 

Provision for doubtful accounts

0,000

 

0,000

 

Deferred income taxes

(00,000)

 

(00,000)

 

Unrealized currency translation losses (gains)

0,000

 

(0,000)

 

Gain on sale of business

(0,000)

 

-

 

Other 

(000)

 

(000)

 

Changes in operating assets and liabilities, net of effect of acquisitions and disposal:

     
   

Accounts receivable

0,000

 

0,000

   

Prepaid expenses and other current assets

0,000

 

0,000

   

Other assets

000

 

0,000

   

Accounts payable

(0,000)

 

0,000

   

Accrued compensation and benefits

(00,000)

 

0,000

   

Other accrued expenses

(0,000)

 

(000)

   

Deferred revenue

(0,000)

 

(00,000)

   

Other liabilities

(000)

 

(0,000)

     

 

Net cash provided by operating activities

00,000

 

0,000

Cash flows from investing activities

     

Purchases of property and equipment

(0,000)

 

(0,000)

Software development costs

(00,000)

 

(0,000)

Acquisitions of businesses, net of cash acquired of $12,354 and $9,071

(00,000)

 

(000,000)

Proceeds from disposal of business

00,000

 

0,000

Change in restricted cash

000

 

(00)

     

 

Net cash used in investing activities

(00,000)

 

(00,000)

Cash flows from financing activities

     

Proceeds from revolving credit facility

0,000

 

00,000

Repayment of revolving credit facility

(00,000)

 

-

Proceeds from issuance of Convertible Preferred Equity Certificates to Company Owner

-

 

000,000

Payment of amounts due to Company Owner

(0,000)

 

-

Proceeds from term credit facility, net of debt discount of $00,000 and $000,000

0,000,000

 

0,000,000

Repayments of term credit facility

(0,000,000)

 

(000,000)

Payments on capital lease obligations

(000)

 

(000)

Proceeds from the consummation of the Transactions

000,000

 

-

     

 

Net cash provided by financing activities

$      00,000

 

$  000,000

Effect of exchange rate changes on cash and cash equivalents

0,000

 

(000)

     

 

Increase (decrease) in cash and cash equivalents

00,000

 

(000)

Cash and cash equivalents

     

Beginning of period

00,000

 

00,000

End of period

$       00,000

 

$    00,000

       

Supplemental non-cash information

     
 

Contribution of Convertible Preferred Equity Certificates in connection with Transactions

$    000,000

 

$              -

 

Issuance of Convertible Preferred Equity Certificates in connection with acquisition

-

 

00,000

 

 

 

 

 

Company and its Subsidiaries

Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA

(in thousands)

(Unaudited)

 
 

Three Months
Ended
Month 00,
0000

Three Months
Ended
Month 00,
0000

 

Nine Months
Ended
Month 00,
0000

Nine Months
Ended
Month 00,
0000

Net income (loss)

$         (00,000)

$       (00,000)

 

$         (00,000)

$       (00,000)

Depreciation and amortization

00,000

00,000

 

000,000

00,000

Interest expense and loss on extinguishment of debt

00,000

00,000

 

000,000

000,000

Provision (benefit) from income taxes

(00,000)

(00,000)

 

(00,000)

(00,000)

EBITDA (0)(0)

$          00,000

$         00,000

 

$         000,000

$         00,000

Acquisition related costs and expenses

0,000

00,000

 

00,000

00,000

Stock-based compensation

0,000

0,000

 

0,000

0,000

Deferred revenue reduction from purchase accounting

000

000

 

000

000

Gain on sale of business

-

-

 

(0,000)

-

Sponsor fees and expenses

-

000

 

000

000

Unrealized translation loss (gain)

(000)

0,000

 

0,000

(0,000)

Adjusted EBITDA (0)(0)

$           00,000

$         00,000

 

$        000,000

$       000,000

 

Company and its Subsidiaries

Reconciliation of Net Income (Loss) to Adjusted Net Income and Adjusted Pro Forma Net Income per Diluted Share

(in thousands, except per share and share amounts)

(Unaudited)

 
 

Three Months
Ended
Month 00,
0000

Three Months
Ended
Month 00,
0000

 

Nine Months
Ended
Month 00,
0000

Nine Months
Ended
Month 00,
0000

Net income (loss)

$       (00,000)

$       (00,000)

 

$       (00,000)

$       (00,000)

Provision (benefit) from income taxes

(00,000)

(00,000)

 

(00,000)

(00,000)

Acquisition related costs and expenses

0,000

00,000

 

00,000

00,000

Gain on sale of business

-

-

 

(0,000)

-

Stock-based compensation expense

0,000

0,000

 

0,000

0,000

Deferred revenue reduction from purchase accounting

000

000

 

000

000

Amortization related to acquired intangible assets

00,000

00,000

 

00,000

00,000

Debt refinancing, CPEC interest and debt extinguishment costs

00,000

00,000

 

00,000

00,000

Sponsor fees and expenses

-

000

 

000

000

Unrealized translation loss (gain)

(000)

0,000

 

0,000

(0,000)

Adjusted income (loss) before income taxes

$       00,000

$           0,000

 

$       00,000

$         00,000

Less: Income tax at 00% statutory rate

(0,000)

(0,000)

 

(00,000)

(0,000)

Adjusted net income (0)(0)

$       00,000

$           0,000

 

$       00,000

$         00,000

Pro forma fully-diluted weighted average shares outstanding (0)(0)

000,000

00,000

 

00,000

00,000

Adjusted pro forma net income per diluted share (0)(0)

$           0.00

$             0.00

 

$           0.00

$             0.00

 

Company and its Subsidiaries

Reconciliation of Net Cash Provided by Operating Activities to Adjusted Net Cash Provided by Operating Activities

(in thousands)

(Unaudited)

 
 

Nine Months
Ended
Month 00,
0000

Nine Months
Ended
Month 00,
0000

Net Change

Net cash provided by operating activities

$           00,000

$             0,000

$      00,000

  Acquisition related costs and expenses

00,000

00,000

(00,000)

Adjusted net cash provided by operating activities (0)(0)

$           00,000

$           00,000

$      00,000

(0) Sed nec ipsum velit. Mauris dolor arcu, aliquet ut arcu ut, sodales mattis nunc. Praesent at purus congue, convallis dui sit amet, molestie sapien. Phasellus vel velit id diam iaculis gravida.

(0) Donec interdum pulvinar lectus vitae lobortis. Nullam varius varius congue. Praesent consequat pretium malesuada. Vivamus eleifend faucibus elementum. Pellentesque tincidunt pulvinar nibh, eget aliquam eros ultricies ut. Morbi mi tellus, porttitor sed felis at, ornare ornare mi. Etiam ac eros ex. Fusce non consequat justo. Praesent vitae leo eu nunc bibendum pharetra eget sit amet justo. Duis imperdiet ultrices fermentum. Aenean quis volutpat felis. Ut vel nunc condimentum, iaculis sapien consequat, malesuada risus. Ut malesuada eget urna et iaculis. Sed ullamcorper orci vitae porta laoreet. In hac habitasse platea dictumst. Donec dictum dolor sapien, in congue tellus vulputate ut. Morbi lacinia elementum malesuada. Morbi finibus neque et lacus pulvinar bibendum. Nunc id aliquet metus.

Aenean vel ornare ex. Etiam iaculis accumsan massa, sit amet semper lectus accumsan a. Fusce ante diam, mattis vel nibh quis, tempor facilisis magna. Aenean vitae suscipit sem. Ut porttitor nisl turpis, aliquam tempus enim aliquam vel. Donec rhoncus egestas efficitur. Cras rutrum, sapien nec consectetur elementum, orci dolor pellentesque lorem, nec laoreet erat turpis eu elit. Quisque vitae dictum neque. Sed sit amet odio mi. Nulla facilisi. Suspendisse finibus tincidunt erat vel finibus. Ut sollicitudin posuere dui vel condimentum. Donec consequat ex id leo finibus, vitae sagittis nisl imperdiet. Duis malesuada nisi a neque tristique pretium. Cras interdum, nisi congue pharetra fringilla, libero nisl pharetra nisi, eu ornare mauris dui vel purus. Maecenas egestas quam sed magna dignissim, eu vestibulum ante laoreet. Cras non diam est. Curabitur ultrices pulvinar dolor, vitae viverra leo lacinia quis. Donec auctor lectus dolor. Vivamus consectetur, ante non hendrerit condimentum, nunc lacus cursus metus, ut pulvinar tortor orci id orci. Maecenas eget eros sed justo consectetur dictum. Vestibulum pulvinar, nulla id posuere maximus, nisi augue malesuada sapien, id luctus nibh augue at lacus. Duis ac lorem vestibulum, placerat diam dignissim, consequat elit. Suspendisse mattis dolor vel odio mattis accumsan. Phasellus at enim nibh. Ut tristique ultricies nulla, et pellentesque ex egestas ut. Vestibulum porta diam a felis venenatis, vel faucibus libero scelerisque. Phasellus eu nisi et quam porttitor vehicula vel in turpis. Phasellus faucibus, erat quis imperdiet congue, massa turpis rhoncus purus, aliquet mattis massa felis in mi. Nullam lectus sem, iaculis eget aliquam nec, maximus non urna.

Proin at pellentesque ipsum, sit amet tempus mauris. Aliquam pharetra enim id dignissim dictum. Suspendisse congue dui at nisi posuere lacinia. Integer fringilla ipsum sed turpis viverra, quis porta nibh fermentum. Nunc mollis metus nec urna pulvinar pellentesque. Nunc vehicula augue et dui sagittis interdum. Aenean mattis mauris quam, nec semper velit condimentum sit amet. Curabitur eu vestibulum libero. Nulla et ultricies augue. Aenean varius aliquet sem.

Investor Contact:
Morbi Nullam
Chief Financial Officer
Morbi.Nullam@company.com

Media Contact:
Aenean Vestibulum
Vice President, Marketing
Aenean.Vestibulum@company.com

 

SOURCE Company

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