Q2 2004 Results & Q3 2004 Outlook
Q2 2004 Results
- Total Revenues of $26.4 million
- Operating Income of $1.3 million
- Net Income of $1.1 million
- Cash Net Income of $1.8 million
- Completed IPO on June 18, 2004 with total proceeds of $50.9 million, net of expenses and underwriting discounts.
Q3 2004 Outlook
- Total Revenues to be $28.8 to $29.3
- Net Income to be $1.8 to $2.1 million resulting in EPS of $0.07 to $0.08 per share
- Cash Net Income to be $2.5 million to $2.8 million resulting in cash EPS of $0.09 to $0.10 per share
Blackboard provides EBITA and cash net income as additional information regarding Blackboard’s operating results. These measures are not in accordance with, nor are they an alternative for, GAAP and may be different from cash net income and other non-GAAP measures used by other companies. Blackboard believes that this presentation of EBITA and cash net income provides useful information to investors regarding additional financial and business trends relating to Blackboard's financial condition and results of operations.