2016 Guidance
Actua continues to expect (1) annual GAAP revenue in the range of between $155.0 million and $160.0 million, representing growth in the range of between 16% and 20% compared to 2015, (2) positive annual non-GAAP cash flows from operations in the range of between $3.0 million and $8.0 million, and (3) non-GAAP net loss per share in the range of between $(0.35) and $(0.40) per diluted share. Actua now expects diluted shares outstanding of 37.0 million shares for full year 2016, after taking into account the impact of its recent share repurchases.
"Cash flows from operations was a use of $(13.2) million for the first quarter of 2016, compared to a use of $(4.4) million for the first quarter of 2015. This was in line with our expectations," said R. Kirk Morgan, CFO of Actua. "As the cycle of our cash collections activity has shifted to the fourth quarter, we expect significant positive cash flows for the last nine months of the year that will result in annual non-GAAP cash flows from operations within our guidance range."
2015 2016
Q1 Q2 Q3 Q4 Q1
Shares used in calculation of non-GAAP net income (loss) per share attributable to Actua:
Basic§ 36,842 37,123 37,335 37,190 37,293
Diluted§ 36,842 37,123 37,335 37,190 37,293
Actua continues to expect (1) annual GAAP revenue in the range of between $155.0 million and $160.0 million, representing growth in the range of between 16% and 20% compared to 2015, (2) positive annual non-GAAP cash flows from operations in the range of between $3.0 million and $8.0 million, and (3) non-GAAP net loss per share in the range of between $(0.35) and $(0.40) per diluted share. Actua now expects diluted shares outstanding of 37.0 million shares for full year 2016, after taking into account the impact of its recent share repurchases.
"Cash flows from operations was a use of $(13.2) million for the first quarter of 2016, compared to a use of $(4.4) million for the first quarter of 2015. This was in line with our expectations," said R. Kirk Morgan, CFO of Actua. "As the cycle of our cash collections activity has shifted to the fourth quarter, we expect significant positive cash flows for the last nine months of the year that will result in annual non-GAAP cash flows from operations within our guidance range."
2015 2016
Q1 Q2 Q3 Q4 Q1
Shares used in calculation of non-GAAP net income (loss) per share attributable to Actua:
Basic§ 36,842 37,123 37,335 37,190 37,293
Diluted§ 36,842 37,123 37,335 37,190 37,293