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View All NewsCare.com revenue up 10%
Human cloud firm Care.com (NYSE: CRCM), which connects caregivers that perform work onsite for families, reported first-quarter revenue rose 10.4% to $43.4 million.
Revenue attributable to the US consumer offering rose 10% year over year to $35.2 million. Revenue attributable to the Care@Work and B2B offerings, as well as services in international markets, rose 14% to $8.2 million.
(US$ thousands) | Q1 2017 | Q1 2016 | % change |
Revenue | $43,366 | $39,266 | 10.4% |
Net income | $824 | $6,755 | -87.8% |
Quote
“Q1 was a strong start to 2017 for us,” said Sheila Lirio Marcelo, founder, chairwoman and CEO. “We exceeded our expectations on both the top and bottom lines and increased our guidance for the full year.”
Guidance
Care.com forecast second-quarter revenue of $41.0 million to $41.5 million and full-year 2017 revenue of $171.0 million to $173.0 million.
Share price and market cap
Care.com shares rose 15.38% in early afternoon trading today to $13.80. The company had a market cap of $405.49 million, according to Yahoo.