- "While we are still early in the process, our updated guidance assumes that the publicity from the lawsuit with the FTC will cause an increase in attrition and headwind to our new member acquisition on a short-term basis," says CFO Chris Power in LifeLock's (NYSE:LOCK) Q2 report.
- Guidance: The ID theft-protection services firm expects Q3 revenue of $147M-$149M and EPS of $0.25-$0.26 vs. a consensus of $150.2M and $0.24. Full-year guidance is for revenue of $577M-$582M and EPS of $0.58-$0.61, below a consensus of $585.3M and $0.64. 2015 free cash flow guidance has been cut by $5M to $100M-$105M.
- Key numbers: Q2 consumer revenue rose 27% Y/Y to $138.3M, and enterprise revenue 4% to $6.6M. 371K gross subscriber adds were recorded vs. 421K in Q1, and the base rose by 110K Q/Q to 4M. Retention rate was 87.1% vs. 87.8% in Q1; ARPU rose to $11.68 from $11.38 in Q1 and $10.99 a year ago. GAAP costs/expenses rose 23% Y/Y to $109.2M.
- Shares have fallen to $8.00 AH. They're down 50% from where they closed the day before the FTC announced its suit.
- Q2 results, PR