Chegg believes that the exclusion of the non-cash interest expense provides investors an enhanced view of our performance and enables the comparison of period-over-period results. Free cash flow represents net cash provided by operating activities excluding purchases of property and equipment and purchases of textbooks and including proceeds from the disposition of textbooks. Chegg Services primarily includes Chegg Study, Chegg Writing, Chegg Tutors, Chegg Math Solver, Thinkful, and Mathway. To supplement Chegg’s financial results presented in accordance with generally accepted accounting principles in the United States (GAAP), this press release and the accompanying tables and the related earnings conference call contain non-GAAP financial measures, including adjusted EBITDA, non-GAAP operating expenses and margin, non-GAAP income from operations, non-GAAP net income, non-GAAP weighted average shares, non-GAAP net income per share, and free cash flow. With all the uncertainty facing students over the next year, the one thing that they can count on is the high quality, affordable, personalized, adaptive, and on-demand services that Chegg provides. From day one, Chegg was built on the inevitability that people would need to learn more often, increasingly online, and need greater support. On that note, I want to thank our incredible Chegg employees who continue to be relentless in providing world-class learning products and services to support students around the globe. Chegg, Inc. CHGG is slated to report second-quarter 2020 results on Aug 3, after market close. Looking specifically at Q3 we now expect: In closing, the Chegg team continues to deliver above the high-end of our expectations under difficult circumstances, giving us the confidence to both provide and increase full year guidance, all while taking the opportunity to increase our investments for future growth across the globe. While Mathway contributed to our subscriber growth, it had little revenue impact as it occurred late in the quarter, but we do expect it to contribute approximately $9 million for the year, which is included in our guidance. Investor Contact: Tracey Ford, IR@chegg.com. Total revenue to be between $605 and $615 million, with Chegg Services revenue between $490 and $500 million, And adjusted EBITDA between $190 and $195 million, Total revenue to be between $140 and $145 million, with Chegg Services revenue between $110 and $115 million, And adjusted EBITDA between $21 and $23 million. Εμείς και οι συνεργάτες μας θα αποθηκεύουμε πληροφορίες στη συσκευή σας ή/και θα αποκτούμε πρόσβαση σε αυτές μέσω της χρήσης cookie και παρόμοιων τεχνολογιών, για να προβάλλουμε εξατομικευμένες διαφημίσεις και περιεχόμενο, καθώς και για λόγους μέτρησης διαφημίσεων και περιεχόμενου, άντλησης πληροφοριών κοινού και ανάπτυξης προϊόντων. To access the call, please dial 1-877-407-4018, or outside the U.S. +1-201-689-8471, five minutes prior to 1:30 p.m. Pacific Daylight Time (or 4:30 p.m. Eastern Daylight Time). Do the numbers hold clues to what lies ahead for the stock? Chegg is a publicly held company based in Santa Clara, California and trades on the NYSE under the symbol CHGG. As presented in the “Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA,” “Reconciliation of GAAP to Non-GAAP Financial Measures,” “Reconciliation of Forward-Looking Net (Loss) Income to EBITDA and Adjusted EBITDA,” and “Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow” tables below, each of the non-GAAP financial measures excludes one or more of the following items: Share-based compensation expense is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond Chegg's control. 02/15/21 : FY 2020 Earnings Release (Projected) 05/03/21 : Q1 2021 Earnings Release (Projected) 08/02/21 : Interim 2021 Earnings Release (Projected) 11/08/21 These non-GAAP financial measures also facilitate comparisons of Chegg’s performance to prior periods. Fourth, we have increased our investment in skills-based learning, by expanding the curriculum to cover more in-demand skills and by significantly reducing the price, because we know skills-based learning needs to map to the most in-demand jobs and be affordable and accessible to students. Total Chegg Services subscribers grew 67% during the quarter, including the addition of Mathway subscribers. In fact, students are increasingly turning to Chegg for support to navigate these uncertain times and we expect this trend to continue post the pandemic, regardless of where or how someone learns, Chegg will be there for them. Chegg earnings were so good that they illuminated a path towards $200 for CHGG stock By Luke Lango , InvestorPlace Markets Analyst May 5, 2020, 4:18 pm EST May 5, 2020 Shares of Chegg (NYSE:CHGG) rose 3.15% in after-market trading after the company reported Q2 results.. Quarterly Results. Do the numbers hold … The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. These and other important risk factors are described more fully in documents filed with the Securities and Exchange Commission, including Chegg’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020 filed with the Securities and Exchange Commission on May 4, 2020 and Chegg's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2020 to be filed with the Securities and Exchange Commission, and could cause actual results to vary from expectations. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, “Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA,” “Reconciliation of GAAP to Non-GAAP Financial Measures,” “Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow,” and “Reconciliation of Forward-Looking Net (Loss) Income to EBITDA and Adjusted EBITDA.”. As such, Q2 was a fantastic quarter for Chegg. It’s important to note that we expect to be able to make these investments in future growth opportunities, while still delivering stellar bottom-line results. Adjustments to reconcile net income (loss) to net cash provided by operating activities: Other depreciation and amortization expense, Amortization of debt discount and issuance costs, Loss from write-off of property and equipment, Operating lease expense, net of accretion, Prepaid expenses and other current assets, Net cash provided by operating activities, Acquisition of business, net of cash acquired, Common stock issued under stock plans, net, Payment of taxes related to the net share settlement of equity awards, Proceeds from issuance of convertible senior notes, net of issuance costs, Purchase of convertible senior notes capped call, Net cash (used in) provided by financing activities, Net (decrease) increase in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash, beginning of period, Cash, cash equivalents and restricted cash, end of period.
Fgo E Pluribus Unum Reddit, Whirlpool Duet Dryer Won't Start, Physiatrists Near Me, Informative Writing Pdf, Hynds Concrete Water Tanks, Baler To Casiguran, Ebay Business Strategy 2020, Volvo 9400xl Bus Seating Capacity,