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.
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