adspatz's  Instablog

adspatz
Send Message
Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
My company:
SEC Live
  • Care.com Revenues Grow 39% 0 comments
    May 1, 2014 7:47 AM | about stocks: CRCM

    Originally published at www.seclive.com

    Care.com, Inc. (NYSE:CRCM) announced its financial results for the first quarter 2014, its first ever quarterly report since going public. The company, which enables consumers to find and manage family care, went public in January, and posted revenues of $25.3M, a 39% improvement from last year's $18.2M. Care.com posted a net loss of $15.5M, more than doubling its net loss of $6.8M from the year-ago quarter. The company attributes part of its loss figures to IPO-related fees as well as marketing investments. During the quarter, Care.com grew its membership base 44% from 7.5 million to 10.7 million, with both the families and caregivers categories each growing 48% and 40% respectively. Founder and CEO Sheila Marcelo was upbeat, commenting that the company's results show strong cross-sell synergies with return-on-investment potential of its core services.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CRCM
Back To adspatz's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.