Tag Archives: Financial

Revenue, Net Loss, EBITDA Improve Compared to Third Quarter 2020

MCLEAN, Va.–(BUSINESS WIRE)–KLDiscovery Inc. (“KLDiscovery” or the “Company”), a leading global provider of electronic discovery, information governance and data recovery services, announced today that revenue for the fourth quarter ended December 31, 2020 was $74.6 million versus $72.3 million in the third quarter of 2020, a 3% increase quarter-over-quarter and a decrease of 7% year-over-year compared to the fourth quarter 2019. Net loss for the fourth quarter of 2020 was $9.8 million compared to $12.7 million in the third quarter of 2020, an improvement of 23% quarter-over-quarter and an improvement of 45% compared to the fourth quarter 2019 net loss of $17.8 million.

EBITDA for the fourth quarter of…

New partnership further solidifies long-term relationship; provides synergies for further growth

SHOREVIEW, Minn.–(BUSINESS WIRE)–Today, Deluxe (NYSE: DLX), a Trusted Business Technology™ company announced that it has finalized a long-term agreement with Truist Financial Corporation (NYSE: TFC), the sixth largest commercial bank in the US, which was formed by the 2019 merger of equals between BB&T Corporation and SunTrust Banks, Inc. This new agreement is anchored by Deluxe’s world class check products, while also expanding the ongoing relationship across the company’s four business segments.

“We are very pleased that Truist is trusting Deluxe to deliver the latest innovations and technology to enhance the exceptional products and service its customers have come to…

MINNEAPOLIS–(BUSINESS WIRE)–Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, today reported preliminary financial results for the fourth quarter and its full year ended December 31, 2020. The preliminary financial results for 2020 are subject to the Company’s management’s and its independent auditors’ customary audit procedures.

Fourth quarter 2020 revenue is expected to be approximately $6.9 million and full year 2020 revenue is expected to be approximately $29.1 million, representing an approximately 14.6% increase over 2019 revenue of $25.4 million and achievement of the Company’s revenue guidance of $29.0 million. For the fourth quarter 2020, subscription, maintenance and support revenue…

DANIA BEACH, Fla.–(BUSINESS WIRE)–Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted online destination for pet parents and partners everywhere, has released its financial results for the third quarter of fiscal year 2020 ended November 1, 2020, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.

Fiscal Q3 2020 Highlights:

• Net sales of $1.78 billion grew 45 percent year-over-year
• Gross margin of 25.5 percent expanded 180 basis points year-over-year
• Net loss of $32.8 million, including share-based compensation expense of $25.1 million
• Net margin of (1.8) percent improved 460 basis points year-over-year
• Adjusted EBITDA⁽¹⁾ of $5.5 million improved 118 percent year-over-year
• Adjusted EBITDA margin⁽¹⁾ of 0.3 percent…

NORWALK, Conn.–(BUSINESS WIRE)–Datto Holding Corp. (“Datto”) (NYSE: MSP), the leading global provider of cloud-based software and technology solutions purpose-built for delivery by managed service providers (MSPs), today announced it will report fiscal third quarter 2020 financial results after the market close on Monday, November 23, 2020. On that day, management will host a conference call and webcast at 5:00 pm ET to discuss the company’s financial results.

Datto Third Quarter 2020 Financial Results Conference Call

When: Monday, November 23, 2020

Time: 5:00 pm ET

Conference ID: 8549639

Live Call: 1-833-312-1358 (US/Canada Toll-Free) or 1-236-712-2458 (International)

Replay: 1-800-585-8367 (US/Canada Toll-Free) or 1- 416-621-4642 (International)

(The replay will be available…