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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Care com Inc | NYSE:CRCM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.00 | 0 | 01:00:00 |
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Form 10-Q
|
|
[x]
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
[ ]
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
||
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Care.com, Inc.
|
|
(Exact name of registrant as specified in its charter)
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Delaware
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20-578-5879
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification Number)
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77 Fourth Avenue, Fifth Floor
Waltham, MA
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02451
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(Address of principal executive offices)
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(Zip Code)
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Title of each class
|
|
Name of exchange on which registered
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Common Stock, par value $0.001
|
|
The New York Stock Exchange
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Securities registered pursuant to Section 12(g) of the Act:
|
||
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None
|
|
Large accelerated filer
|
[ ]
|
|
Accelerated filer
|
[x]
|
Non-accelerated filer
|
[ ]
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(Do not check if a smaller reporting company)
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Smaller reporting company
|
[ ]
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|
|
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Emerging growth company
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[x]
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PART I - FINANCIAL INFORMATION
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Page
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|
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|
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Item 1.
|
|
|
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||
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||
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||
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||
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Item 2.
|
||
Item 3.
|
||
Item 4.
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||
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PART II - OTHER INFORMATION
|
|
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Item 1.
|
||
Item 1A.
|
||
Item 6.
|
||
Signatures
|
|
|
June 30, 2018
|
|
December 30, 2017
|
||||
Assets
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
98,455
|
|
|
$
|
86,728
|
|
Short-term investments
|
15,099
|
|
|
15,000
|
|
||
Accounts receivable (net of allowance of $139 and $102, respectively)
(1)
|
4,714
|
|
|
5,171
|
|
||
Unbilled accounts receivable
(2)
|
5,692
|
|
|
5,454
|
|
||
Prepaid expenses and other current assets
|
6,235
|
|
|
4,883
|
|
||
Total current assets
|
130,195
|
|
|
117,236
|
|
||
Property and equipment, net
|
3,469
|
|
|
3,651
|
|
||
Intangible assets, net
|
2,188
|
|
|
1,142
|
|
||
Goodwill
|
64,603
|
|
|
60,281
|
|
||
Other non-current assets
|
2,708
|
|
|
2,066
|
|
||
Total assets
|
$
|
203,163
|
|
|
$
|
184,376
|
|
|
|
|
|
||||
Liabilities, redeemable convertible preferred stock, and stockholders' equity
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Accounts payable
(3)
|
$
|
2,042
|
|
|
$
|
1,873
|
|
Accrued expenses and other current liabilities
(4)
|
16,928
|
|
|
17,086
|
|
||
Current contingent acquisition consideration
|
485
|
|
|
—
|
|
||
Deferred revenue
(5)
|
21,579
|
|
|
18,626
|
|
||
Total current liabilities
|
41,034
|
|
|
37,585
|
|
||
Non-current contingent acquisition consideration
|
428
|
|
|
—
|
|
||
Deferred tax liability
|
1,327
|
|
|
1,292
|
|
||
Other non-current liabilities
|
6,347
|
|
|
5,779
|
|
||
Total liabilities
|
49,136
|
|
|
44,656
|
|
||
Contingencies (see Note 6)
|
—
|
|
|
—
|
|
||
Series A Redeemable Convertible Preferred Stock, $0.001 par value - 46 shares designated; 46 shares issued and outstanding at June 30, 2018 and December 30, 2017; at aggregate liquidation and redemption value at June 30, 2018 and December 30, 2017, respectively
|
51,604
|
|
|
50,259
|
|
||
Stockholders' equity
|
|
|
|
||||
Preferred Stock: $0.001 par value - authorized 5,000 shares at June 30, 2018 and December 30, 2017, respectively
|
—
|
|
|
—
|
|
||
Common stock, $0.001 par value; 300,000 shares authorized; 31,239 and 30,390 shares issued and outstanding at June 30, 2018 and December 30, 2017, respectively
|
31
|
|
|
30
|
|
||
Additional paid-in capital
|
276,580
|
|
|
266,030
|
|
||
Accumulated deficit
|
(174,484
|
)
|
|
(177,145
|
)
|
||
Accumulated other comprehensive income
|
296
|
|
|
546
|
|
||
Total stockholders' equity
|
102,423
|
|
|
89,461
|
|
||
Total liabilities, redeemable convertible preferred stock and stockholders' equity
|
$
|
203,163
|
|
|
$
|
184,376
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||||||
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|
|
|
|
|
|
|
||||||||
Revenue
(1)
|
$
|
45,966
|
|
|
$
|
41,972
|
|
|
$
|
93,291
|
|
|
$
|
85,338
|
|
Cost of revenue
|
9,823
|
|
|
9,000
|
|
|
19,266
|
|
|
17,766
|
|
||||
Operating expenses:
|
|
|
|
|
|
|
|
||||||||
Selling and marketing
(2)
|
15,901
|
|
|
17,853
|
|
|
32,758
|
|
|
37,050
|
|
||||
Research and development
|
8,492
|
|
|
6,666
|
|
|
16,780
|
|
|
12,655
|
|
||||
General and administrative
|
11,593
|
|
|
8,433
|
|
|
22,060
|
|
|
16,688
|
|
||||
Depreciation and amortization
|
411
|
|
|
423
|
|
|
829
|
|
|
847
|
|
||||
Restructuring charges
|
17
|
|
|
—
|
|
|
479
|
|
|
—
|
|
||||
Total operating expenses
|
36,414
|
|
|
33,375
|
|
|
72,906
|
|
|
67,240
|
|
||||
Operating (loss) income
|
(271
|
)
|
|
(403
|
)
|
|
1,119
|
|
|
332
|
|
||||
Other (expense) income, net
|
(768
|
)
|
|
1,008
|
|
|
(206
|
)
|
|
1,309
|
|
||||
(Loss) Income before income taxes
|
(1,039
|
)
|
|
605
|
|
|
913
|
|
|
1,641
|
|
||||
Benefit from income taxes
|
(870
|
)
|
|
(1,068
|
)
|
|
(1,615
|
)
|
|
(856
|
)
|
||||
Net (loss) income
|
(169
|
)
|
|
1,673
|
|
|
2,528
|
|
|
2,497
|
|
||||
Accretion of Series A Redeemable Convertible Preferred Stock dividends
|
(665
|
)
|
|
(660
|
)
|
|
(1,345
|
)
|
|
(1,262
|
)
|
||||
Net income attributable to Series A Redeemable Convertible Preferred Stock
|
—
|
|
|
(139
|
)
|
|
(163
|
)
|
|
(169
|
)
|
||||
Net (loss) income attributable to common stockholders
|
$
|
(834
|
)
|
|
$
|
874
|
|
|
$
|
1,020
|
|
|
$
|
1,066
|
|
|
|
|
|
|
|
|
|
||||||||
Net (loss) income per share attributable to common stockholders (Basic):
|
$
|
(0.03
|
)
|
|
$
|
0.03
|
|
|
$
|
0.03
|
|
|
$
|
0.04
|
|
Net (loss) income per share attributable to common stockholders (Diluted):
|
$
|
(0.03
|
)
|
|
$
|
0.03
|
|
|
$
|
0.03
|
|
|
$
|
0.03
|
|
|
|
|
|
|
|
|
|
||||||||
Weighted-average shares used to compute net (loss) income per share attributable to common stockholders:
|
|
|
|
|
|
|
|
||||||||
Basic
|
30,591
|
|
|
29,556
|
|
|
30,792
|
|
|
29,352
|
|
||||
Diluted
|
30,591
|
|
|
32,220
|
|
|
33,486
|
|
|
31,746
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||||||
|
|
|
|
|
|
|
|
||||||||
Net (loss) income
|
$
|
(169
|
)
|
|
$
|
1,673
|
|
|
$
|
2,528
|
|
|
$
|
2,497
|
|
|
|
|
|
|
|
|
|
||||||||
Other comprehensive (loss) income:
|
|
|
|
|
|
|
|
||||||||
Foreign currency translation adjustments
|
(450
|
)
|
|
493
|
|
|
(250
|
)
|
|
521
|
|
||||
Comprehensive (loss) income
|
$
|
(619
|
)
|
|
$
|
2,166
|
|
|
$
|
2,278
|
|
|
$
|
3,018
|
|
|
Six Months Ended
|
||||||
|
June 30, 2018
|
|
July 1, 2017
|
||||
Cash flows from operating activities
|
|
|
|
||||
Net income
|
$
|
2,528
|
|
|
$
|
2,497
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
||||
Stock-based compensation
|
8,700
|
|
|
3,551
|
|
||
Depreciation and amortization
|
924
|
|
|
1,199
|
|
||
Deferred income taxes
|
(1,691
|
)
|
|
196
|
|
||
Contingent consideration expense
|
19
|
|
|
—
|
|
||
Loss on impairment of intangible assets
|
142
|
|
|
—
|
|
||
Foreign currency remeasurement loss
|
478
|
|
|
1,157
|
|
||
Changes in operating assets and liabilities, net of effects from acquisitions:
|
|
|
|
||||
Accounts receivable
|
441
|
|
|
(1,448
|
)
|
||
Unbilled accounts receivable
|
(241
|
)
|
|
(191
|
)
|
||
Prepaid expenses and other current assets
|
390
|
|
|
(1,358
|
)
|
||
Other non-current assets
|
(381
|
)
|
|
—
|
|
||
Accounts payable
|
178
|
|
|
879
|
|
||
Accrued expenses and other current liabilities
|
(715
|
)
|
|
1,258
|
|
||
Deferred revenue
|
3,086
|
|
|
3,469
|
|
||
Other non-current liabilities
|
780
|
|
|
(69
|
)
|
||
Net cash provided by operating activities
|
14,638
|
|
|
11,140
|
|
||
|
|
|
|
||||
Cash flows from investing activities
|
|
|
|
||||
Purchases of property and equipment; and software
|
(399
|
)
|
|
(387
|
)
|
||
Payments for acquisitions, net of cash acquired
|
(5,309
|
)
|
|
—
|
|
||
Purchase of short-term investment
|
(15,099
|
)
|
|
(15,000
|
)
|
||
Sale of short-term investment
|
15,000
|
|
|
15,000
|
|
||
Net cash used in investing activities
|
(5,807
|
)
|
|
(387
|
)
|
||
|
|
|
|
||||
Cash flows from financing activities
|
|
|
|
||||
Proceeds from exercise of common stock options
|
3,192
|
|
|
2,037
|
|
||
Net cash provided by financing activities
|
3,192
|
|
|
2,037
|
|
||
|
|
|
|
||||
Effect of exchange rate changes on cash and cash equivalents
|
(296
|
)
|
|
(2,045
|
)
|
||
Net increase in cash and cash equivalents and restricted cash
|
11,727
|
|
|
10,745
|
|
||
Cash and cash equivalents and restricted cash, beginning of the period
|
86,728
|
|
|
61,094
|
|
||
Cash and cash equivalents and restricted cash, end of the period
|
$
|
98,455
|
|
|
$
|
71,839
|
|
|
|
|
|
||||
Supplemental disclosure of cash flow activities
|
|
|
|
||||
Cash paid for taxes
|
$
|
429
|
|
|
$
|
—
|
|
|
|
|
|
Supplemental disclosure of non-cash operating, investing and financing activities
|
|
|
|
||||
Unpaid purchases of property and equipment
|
$
|
58
|
|
|
$
|
15
|
|
Series A Redeemable Convertible Preferred Stock dividend accretion
|
$
|
1,345
|
|
|
$
|
1,262
|
|
|
June 30, 2018
|
|
December 30, 2017
|
||||||||||||||||||||||||||||
|
Fair Value Measurements Using Input Types
|
|
|
|
Fair Value Measurements Using Input Types
|
|
|
||||||||||||||||||||||||
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Money market mutual funds
|
$
|
17,939
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
17,939
|
|
|
$
|
17,810
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
17,810
|
|
Certificates of deposit
|
17,381
|
|
|
—
|
|
|
—
|
|
|
17,381
|
|
|
17,282
|
|
|
—
|
|
|
—
|
|
|
17,282
|
|
||||||||
Total assets
|
$
|
35,320
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
35,320
|
|
|
$
|
35,092
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
35,092
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Contingent acquisition consideration
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
913
|
|
|
$
|
913
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Total liabilities
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
913
|
|
|
$
|
913
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
June 30, 2018
|
||
|
Contingent Acquisition Consideration
|
||
Beginning balance - December 30, 2017
|
$
|
—
|
|
Contingent consideration liability recorded in connection with Town & Country acquisition
|
894
|
|
|
Accretion of contingent consideration liability
|
19
|
|
|
Ending balance - June 30, 2018
|
$
|
913
|
|
|
ASC 605
|
|
ASC 606 Adjustment
|
|
ASC 606
|
||||||
|
June 30,
2018 |
|
|
|
June 30, 2018
|
||||||
Assets
|
|
|
|
|
|
||||||
Other non-current assets
|
2,077
|
|
|
631
|
|
|
2,708
|
|
|||
Total assets
|
$
|
202,532
|
|
|
$
|
631
|
|
|
$
|
203,163
|
|
|
|
|
|
|
|
||||||
Liabilities, redeemable convertible preferred stock, and stockholders' equity
|
|
|
|
|
|
||||||
Current liabilities:
|
|
|
|
|
|
||||||
Deferred revenue
|
21,335
|
|
|
244
|
|
|
21,579
|
|
|||
Total current liabilities
|
40,790
|
|
|
244
|
|
|
41,034
|
|
|||
Other non-current liabilities
|
6,169
|
|
|
178
|
|
|
6,347
|
|
|||
Total liabilities
|
48,714
|
|
|
422
|
|
|
49,136
|
|
|||
Stockholders' equity
|
|
|
|
|
|
||||||
Accumulated deficit
|
(174,693
|
)
|
|
209
|
|
|
(174,484
|
)
|
|||
Total stockholders' equity
|
102,214
|
|
|
209
|
|
|
102,423
|
|
|||
Total liabilities, redeemable convertible preferred stock and stockholders' equity
|
$
|
202,532
|
|
|
$
|
631
|
|
|
$
|
203,163
|
|
|
ASC 605
|
|
ASC 606 Adjustment
|
|
ASC 606
|
|
ASC 605
|
|
ASC 606 Adjustment
|
|
ASC 606
|
||||||||||||
|
Three Months Ended
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
|
Six Months Ended
|
||||||||||||
|
June 30, 2018
|
|
|
|
June 30, 2018
|
|
June 30, 2018
|
|
|
|
June 30, 2018
|
||||||||||||
Revenue
|
$
|
46,100
|
|
|
$
|
134
|
|
|
$
|
45,966
|
|
|
$
|
93,594
|
|
|
$
|
303
|
|
|
$
|
93,291
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Selling and marketing
|
16,185
|
|
|
284
|
|
|
15,901
|
|
|
33,137
|
|
|
379
|
|
|
32,758
|
|
||||||
Total operating expenses
|
36,698
|
|
|
284
|
|
|
36,414
|
|
|
73,285
|
|
|
379
|
|
|
72,906
|
|
||||||
Operating (loss) income
|
(421
|
)
|
|
(150
|
)
|
|
(271
|
)
|
|
1,043
|
|
|
(76
|
)
|
|
1,119
|
|
||||||
(Loss) Income before income taxes
|
(1,189
|
)
|
|
(150
|
)
|
|
(1,039
|
)
|
|
837
|
|
|
(76
|
)
|
|
913
|
|
||||||
Net (loss) income
|
$
|
(319
|
)
|
|
$
|
(150
|
)
|
|
$
|
(169
|
)
|
|
$
|
2,452
|
|
|
$
|
(76
|
)
|
|
$
|
2,528
|
|
•
|
Consumer matching solutions (i.e., access to the Care.com platform)
|
•
|
On-demand back-up care services for employees needing alternative care arrangements for their child or senior;
|
•
|
Senior care planning services; and,
|
•
|
Consumer payment solution services.
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|||
|
June 30, 2018
|
|
June 30, 2018
|
||||
|
|
|
|
||||
Business-to-Consumer
|
|
|
|
||||
Matching Solutions
|
$
|
33,949
|
|
|
$
|
67,151
|
|
Payment Solutions
|
5,998
|
|
|
14,430
|
|
||
Business-to-Business
|
|
|
|
||||
Care@Work Solutions
|
4,146
|
|
|
8,101
|
|
||
Recruiting and Marketing Solutions and other
|
1,873
|
|
|
3,609
|
|
||
Total revenue
|
$
|
45,966
|
|
|
$
|
93,291
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|||
|
June 30, 2018
|
|
June 30, 2018
|
||||
|
|
|
|
||||
Over-time
|
41,522
|
|
|
84,182
|
|
||
Point-in-time
|
4,444
|
|
|
9,109
|
|
||
Total revenue
|
$
|
45,966
|
|
|
$
|
93,291
|
|
Balance as of December 30, 2017
|
$
|
60,281
|
|
Effect of currency translation
|
(480
|
)
|
|
Business acquisition
|
4,802
|
|
|
Balance as of June 30, 2018
|
$
|
64,603
|
|
|
Gross Carrying Value
|
|
Accumulated Amortization
|
|
Net Carrying Value
|
|
Weighted-Average Remaining Life (Years)
|
||||||
|
|
|
|
|
|
|
|
||||||
June 30, 2018
|
|
|
|
|
|
|
|
||||||
Indefinite lived intangibles
|
$
|
242
|
|
|
$
|
—
|
|
|
$
|
242
|
|
|
N/A
|
Trademarks and trade names
|
4,754
|
|
|
(4,388
|
)
|
|
366
|
|
|
5.2
|
|||
Proprietary software
|
5,561
|
|
|
(4,988
|
)
|
|
573
|
|
|
4.2
|
|||
Internal software
|
223
|
|
|
(112
|
)
|
|
111
|
|
|
2.1
|
|||
Leasehold interests
|
170
|
|
|
(149
|
)
|
|
21
|
|
|
0.9
|
|||
Caregiver relationships
|
971
|
|
|
(406
|
)
|
|
565
|
|
|
2.5
|
|||
Customer relationships
|
8,556
|
|
|
(8,245
|
)
|
|
310
|
|
|
4.5
|
|||
Total
|
$
|
20,477
|
|
|
$
|
(18,288
|
)
|
|
$
|
2,188
|
|
|
|
|
|
|
|
|
|
|
|
||||||
December 30, 2017
|
|
|
|
|
|
|
|
||||||
Indefinite lived intangibles
|
$
|
242
|
|
|
$
|
—
|
|
|
$
|
242
|
|
|
N/A
|
Trademarks and trade names
|
4,469
|
|
|
(4,337
|
)
|
|
132
|
|
|
1.5
|
|||
Proprietary software
|
5,328
|
|
|
(5,188
|
)
|
|
140
|
|
|
1.0
|
|||
Internal software
|
264
|
|
|
(163
|
)
|
|
101
|
|
|
2.2
|
|||
Leasehold interests
|
170
|
|
|
(137
|
)
|
|
33
|
|
|
1.4
|
|||
Customer relationships
|
8,844
|
|
|
(8,350
|
)
|
|
494
|
|
|
5.2
|
|||
Total
|
$
|
19,317
|
|
|
$
|
(18,175
|
)
|
|
$
|
1,142
|
|
|
|
2018 remaining
|
375
|
|
|
2019
|
549
|
|
|
2020
|
464
|
|
|
2021
|
226
|
|
|
2022
|
220
|
|
|
Thereafter
|
112
|
|
|
Total
|
$
|
1,946
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30, 2018
|
|
July 1, 2017
|
|
June 30, 2018
|
|
July 1, 2017
|
||||||||
|
|
|
|
|
|
|
|
||||||||
Cost of revenue
|
$
|
68
|
|
|
$
|
105
|
|
|
$
|
132
|
|
|
$
|
197
|
|
Selling and marketing
|
722
|
|
|
295
|
|
|
1,196
|
|
|
541
|
|
||||
Research and development
|
1,220
|
|
|
370
|
|
|
2,029
|
|
|
651
|
|
||||
General and administrative
|
2,978
|
|
|
1,178
|
|
|
5,343
|
|
|
2,162
|
|
||||
Total stock-based compensation
|
$
|
4,988
|
|
|
$
|
1,948
|
|
|
$
|
8,700
|
|
|
$
|
3,551
|
|
|
Six Months Ended
|
||
|
June 30,
2018 |
|
July 1,
2017 |
Risk-free interest rate
|
2.30% - 2.72%
|
|
1.86 - 2.18%
|
Expected term (years)
|
6.25
|
|
6.25
|
Volatility
|
42.1% - 42.1%
|
|
32.89% - 33.37%
|
Expected dividend yield
|
—
|
|
—
|
|
|
|
|
|
|
|
|
|
Restricted Stock Units
|
||||||||||
|
Shares
|
|
Weighted-Average Remaining Contractual Term (Years)
|
|
Weighted-Average Exercise Price
|
|
Aggregate Intrinsic Value
|
|
Shares
|
|
Weighted-Average Grant Date Fair Value
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Outstanding as of December 30, 2017
|
4,486
|
|
|
6.68
|
|
$
|
8.65
|
|
|
$
|
42,892
|
|
|
1,850
|
|
|
$
|
10.58
|
|
Granted
(1)
|
108
|
|
|
|
|
$
|
17.44
|
|
|
|
|
1,284
|
|
|
$
|
17.56
|
|
||
Settled (RSUs and PSUs)
|
—
|
|
|
|
|
—
|
|
|
|
|
(363
|
)
|
|
$
|
9.60
|
|
|||
Exercised
|
(478
|
)
|
|
|
|
$
|
6.71
|
|
|
|
|
—
|
|
|
—
|
|
|||
Canceled and forfeited
|
(114
|
)
|
|
|
|
$
|
9.42
|
|
|
|
|
(257
|
)
|
|
$
|
11.39
|
|
||
Outstanding as of June 30, 2018
|
4,002
|
|
|
6.40
|
|
$
|
9.10
|
|
|
$
|
47,174
|
|
|
2,514
|
|
|
$
|
14.20
|
|
Vested and exercisable as of June 30, 2018
|
2,465
|
|
|
5.02
|
|
$
|
7.34
|
|
|
$
|
33,412
|
|
|
N/A
|
|
N/A
|
|
June 30, 2018
|
|
Options issued and outstanding
|
4,002
|
|
Restricted stock units issued and outstanding
|
2,514
|
|
Common stock available for stock-based award grants under incentive award plans
|
2,540
|
|
Common stock available for conversion of Series A Redeemable Convertible Preferred Stock
|
4,915
|
|
Total
|
13,971
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30, 2018
|
|
July 1, 2017
|
|
June 30, 2018
|
|
July 1, 2017
|
||||||||
Numerator:
|
|
|
|
|
|
|
|
||||||||
Basic:
|
|
|
|
|
|
|
|
||||||||
Net (loss) income attributable to common stockholders
|
$
|
(834
|
)
|
|
$
|
874
|
|
|
$
|
1,020
|
|
|
$
|
1,066
|
|
Dilutive:
|
|
|
|
|
|
|
|
||||||||
Net (loss) income attributable to common stockholders
|
$
|
(834
|
)
|
|
$
|
874
|
|
|
$
|
1,020
|
|
|
$
|
1,066
|
|
Plus: undistributed earnings allocated to participating securities
|
—
|
|
|
799
|
|
|
1,508
|
|
|
1,431
|
|
||||
Less: undistributed earnings reallocated to participating securities
|
—
|
|
|
(788
|
)
|
|
(1,496
|
)
|
|
(1,420
|
)
|
||||
Net (loss) income attributable to common stockholders
|
$
|
(834
|
)
|
|
$
|
885
|
|
|
$
|
1,032
|
|
|
$
|
1,077
|
|
|
|
|
|
|
|
|
|
||||||||
Denominator:
|
|
|
|
|
|
|
|
||||||||
Weighted-average shares outstanding - basic
|
30,591
|
|
|
29,556
|
|
|
30,792
|
|
|
29,352
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Dilutive impact from:
|
|
|
|
|
|
|
|
||||||||
Options outstanding
|
—
|
|
|
1,962
|
|
|
1,967
|
|
|
1,786
|
|
||||
Restricted stock units
|
—
|
|
|
702
|
|
|
727
|
|
|
608
|
|
||||
Weighted-average shares outstanding - dilutive
|
30,591
|
|
|
32,220
|
|
|
33,486
|
|
|
31,746
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Net (loss) income per share attributable to common stockholders (Basic):
|
$
|
(0.03
|
)
|
|
$
|
0.03
|
|
|
$
|
0.03
|
|
|
$
|
0.04
|
|
Net (loss) income per share attributable to common stockholders (Diluted):
|
$
|
(0.03
|
)
|
|
$
|
0.03
|
|
|
$
|
0.03
|
|
|
$
|
0.03
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||
Stock options
|
4,002
|
|
|
1,398
|
|
|
971
|
|
|
1,292
|
|
Restricted stock units
|
2,514
|
|
|
24
|
|
|
685
|
|
|
14
|
|
Series A Redeemable Convertible Preferred Stock (as converted to common stock)
|
4,915
|
|
|
4,659
|
|
|
4,915
|
|
|
4,659
|
|
|
Preferred Stock Authorized
|
|
Issuance Date
|
|
Issued and Outstanding
|
|
Liquidation Preference (as of June 29, 2023)
|
|
Carrying Value
|
|
Common Stock Issuable Upon Conversion (as of June 29, 2023)
|
|||||||
June 30, 2018
|
||||||||||||||||||
Series A
|
46,350
|
|
|
June 29, 2016
|
|
46,350
|
|
|
$
|
67,424
|
|
|
$
|
51,604
|
|
|
6,421,369
|
|
December 30, 2017
|
||||||||||||||||||
Series A
|
46,350
|
|
|
June 29, 2016
|
|
46,350
|
|
|
$
|
67,424
|
|
|
$
|
50,259
|
|
|
6,421,369
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||||||
United States
|
$
|
41,363
|
|
|
$
|
38,336
|
|
|
$
|
83,900
|
|
|
$
|
78,178
|
|
International
|
4,603
|
|
|
3,636
|
|
|
9,391
|
|
|
7,160
|
|
||||
Total revenue
|
$
|
45,966
|
|
|
$
|
41,972
|
|
|
$
|
93,291
|
|
|
$
|
85,338
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||
|
(As a percentage of revenue)
|
||||||||||
United States
|
90
|
%
|
|
91
|
%
|
|
90
|
%
|
|
92
|
%
|
International
|
10
|
%
|
|
9
|
%
|
|
10
|
%
|
|
8
|
%
|
Total revenue
|
100
|
%
|
|
100
|
%
|
|
100
|
%
|
|
100
|
%
|
|
June 30, 2018
|
||
|
Restructuring Liability
|
||
Balance as of December 30, 2017
|
$
|
3,494
|
|
Restructuring charges
|
187
|
|
|
Change in estimates
|
258
|
|
|
Other payments
|
(232
|
)
|
|
Net rent payments
|
(585
|
)
|
|
Accretion of sublease liability
|
34
|
|
|
Balance as of June 30, 2018
|
$
|
3,156
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||||||
Interest income
|
$
|
168
|
|
|
$
|
93
|
|
|
$
|
308
|
|
|
$
|
159
|
|
Interest expense
|
(21
|
)
|
|
(1
|
)
|
|
(24
|
)
|
|
(2
|
)
|
||||
(Loss) Gain on foreign exchange
|
(915
|
)
|
|
916
|
|
|
(489
|
)
|
|
1,152
|
|
||||
Other expense, net
|
—
|
|
|
—
|
|
|
(1
|
)
|
|
—
|
|
||||
Total other (expense) income, net
|
$
|
(768
|
)
|
|
$
|
1,008
|
|
|
$
|
(206
|
)
|
|
$
|
1,309
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||||||
Revenue
|
$
|
705
|
|
|
$
|
430
|
|
|
$
|
1,342
|
|
|
$
|
822
|
|
Selling and marketing expense
|
$
|
2,617
|
|
|
$
|
3,521
|
|
|
$
|
5,653
|
|
|
$
|
6,623
|
|
|
Period Ended
|
||||||
|
June 30,
2018 |
|
December 30,
2017 |
||||
Accounts receivable
|
$
|
896
|
|
|
$
|
301
|
|
Unbilled accounts receivable
|
$
|
389
|
|
|
$
|
222
|
|
Accounts payable
|
$
|
10
|
|
|
$
|
128
|
|
Accrued expense
|
$
|
780
|
|
|
$
|
542
|
|
Deferred revenue
|
$
|
92
|
|
|
$
|
1
|
|
ITEM 2.
|
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|
|
As of
|
||||||
|
June 30,
2018 |
|
July 1,
2017 |
||||
Total members
|
29,560
|
|
|
25,198
|
|
||
Total families
|
16,874
|
|
|
14,239
|
|
||
Total caregivers
|
12,686
|
|
|
10,959
|
|
||
Paying families - U.S. Consumer Business
|
324
|
|
|
294
|
|
||
Monthly average revenue per paying family - U.S. Consumer Business
|
$
|
37
|
|
|
$
|
38
|
|
•
|
adjusted EBITDA does not include accretion of Series A Redeemable Convertible Preferred Stock dividends or issuance costs;
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||||||
Net (loss) income
|
$
|
(169
|
)
|
|
$
|
1,673
|
|
|
$
|
2,528
|
|
|
$
|
2,497
|
|
|
|
|
|
|
|
|
|
||||||||
Federal, state and franchise taxes
|
(783
|
)
|
|
(1,004
|
)
|
|
(1,222
|
)
|
|
(710
|
)
|
||||
Other expense (income), net
|
768
|
|
|
(1,008
|
)
|
|
206
|
|
|
(1,309
|
)
|
||||
Depreciation and amortization
|
461
|
|
|
598
|
|
|
924
|
|
|
1,199
|
|
||||
EBITDA
|
277
|
|
|
259
|
|
|
2,436
|
|
|
1,677
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Stock-based compensation
|
4,988
|
|
|
1,948
|
|
|
8,700
|
|
|
3,551
|
|
||||
Merger and acquisition related costs
|
335
|
|
|
95
|
|
|
511
|
|
|
95
|
|
||||
Restructuring related costs
|
17
|
|
|
—
|
|
|
479
|
|
|
—
|
|
||||
Litigation related costs
|
20
|
|
|
—
|
|
|
20
|
|
|
75
|
|
||||
Software implementation costs
|
150
|
|
|
216
|
|
|
303
|
|
|
216
|
|
||||
Severance related costs
|
—
|
|
|
90
|
|
|
67
|
|
|
121
|
|
||||
Impairment of intangible assets
|
142
|
|
|
—
|
|
|
142
|
|
|
—
|
|
||||
Adjusted EBITDA
|
$
|
5,929
|
|
|
$
|
2,608
|
|
|
$
|
12,658
|
|
|
$
|
5,735
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||||||
|
|
|
|
|
|
|
|
||||||||
Revenue
|
$
|
45,966
|
|
|
$
|
41,972
|
|
|
$
|
93,291
|
|
|
$
|
85,338
|
|
Cost of revenue
|
9,823
|
|
|
9,000
|
|
|
19,266
|
|
|
17,766
|
|
||||
Operating expenses:
|
|
|
|
|
|
|
|
||||||||
Selling and marketing
|
15,901
|
|
|
17,853
|
|
|
32,758
|
|
|
37,050
|
|
||||
Research and development
|
8,492
|
|
|
6,666
|
|
|
16,780
|
|
|
12,655
|
|
||||
General and administrative
|
11,593
|
|
|
8,433
|
|
|
22,060
|
|
|
16,688
|
|
||||
Depreciation and amortization
|
411
|
|
|
423
|
|
|
829
|
|
|
847
|
|
||||
Restructuring charges
|
17
|
|
|
—
|
|
|
479
|
|
|
—
|
|
||||
Total operating expenses
|
36,414
|
|
|
33,375
|
|
|
72,906
|
|
|
67,240
|
|
||||
Operating (loss) income
|
(271
|
)
|
|
(403
|
)
|
|
1,119
|
|
|
332
|
|
||||
Other (expense) income, net
|
(768
|
)
|
|
1,008
|
|
|
(206
|
)
|
|
1,309
|
|
||||
(Loss) Income before income taxes
|
(1,039
|
)
|
|
605
|
|
|
913
|
|
|
1,641
|
|
||||
Benefit from income taxes
|
(870
|
)
|
|
(1,068
|
)
|
|
(1,615
|
)
|
|
(856
|
)
|
||||
Net (loss) income
|
(169
|
)
|
|
1,673
|
|
|
2,528
|
|
|
2,497
|
|
||||
Accretion of Series A Redeemable Convertible Preferred Stock dividends
|
(665
|
)
|
|
(660
|
)
|
|
(1,345
|
)
|
|
(1,262
|
)
|
||||
Net income attributable to Series A Redeemable Convertible Preferred Stock
|
—
|
|
|
(139
|
)
|
|
(163
|
)
|
|
(169
|
)
|
||||
Net (loss) income attributable to common stockholders
|
$
|
(834
|
)
|
|
$
|
874
|
|
|
$
|
1,020
|
|
|
$
|
1,066
|
|
|
|
|
|
|
|
|
|
||||||||
Net (loss) income per share attributable to common stockholders (Basic):
|
$
|
(0.03
|
)
|
|
$
|
0.03
|
|
|
$
|
0.03
|
|
|
$
|
0.04
|
|
Net (loss) income per share attributable to common stockholders (Diluted):
|
$
|
(0.03
|
)
|
|
$
|
0.03
|
|
|
$
|
0.03
|
|
|
$
|
0.03
|
|
|
|
|
|
|
|
|
|
||||||||
Weighted-average shares used to compute net (loss) income per share attributable to common stockholders:
|
|
|
|
|
|
|
|
||||||||
Basic
|
30,591
|
|
|
29,556
|
|
|
30,792
|
|
|
29,352
|
|
||||
Diluted
|
30,591
|
|
|
32,220
|
|
|
33,486
|
|
|
31,746
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||||||
|
|
|
|
|
|
|
|
||||||||
Cost of revenue
|
$
|
68
|
|
|
$
|
105
|
|
|
$
|
132
|
|
|
$
|
197
|
|
Selling and marketing
|
722
|
|
|
295
|
|
|
1,196
|
|
|
541
|
|
||||
Research and development
|
1,220
|
|
|
370
|
|
|
2,029
|
|
|
651
|
|
||||
General and administrative
|
2,978
|
|
|
1,178
|
|
|
5,343
|
|
|
2,162
|
|
||||
Total stock-based compensation
|
$
|
4,988
|
|
|
$
|
1,948
|
|
|
$
|
8,700
|
|
|
$
|
3,551
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
June 30,
2018 |
|
July 1,
2017 |
||||
Revenue
|
100
|
%
|
|
100
|
%
|
|
100
|
%
|
|
100
|
%
|
Cost of revenue
|
21
|
%
|
|
21
|
%
|
|
21
|
%
|
|
21
|
%
|
Operating expenses:
|
|
|
|
|
|
|
|
||||
Selling and marketing
|
35
|
%
|
|
43
|
%
|
|
35
|
%
|
|
43
|
%
|
Research and development
|
18
|
%
|
|
16
|
%
|
|
18
|
%
|
|
15
|
%
|
General and administrative
|
25
|
%
|
|
20
|
%
|
|
24
|
%
|
|
20
|
%
|
Depreciation and amortization
|
1
|
%
|
|
1
|
%
|
|
1
|
%
|
|
1
|
%
|
Restructuring charges
|
—
|
%
|
|
—
|
%
|
|
1
|
%
|
|
—
|
%
|
Total operating expenses
|
79
|
%
|
|
80
|
%
|
|
78
|
%
|
|
79
|
%
|
Operating (loss) income
|
(1
|
)%
|
|
(1
|
)%
|
|
1
|
%
|
|
—
|
%
|
Other (expense) income, net
|
(2
|
)%
|
|
2
|
%
|
|
—
|
%
|
|
2
|
%
|
(Loss) Income before income taxes
|
(2
|
)%
|
|
1
|
%
|
|
1
|
%
|
|
2
|
%
|
Benefit from income taxes
|
(2
|
)%
|
|
(3
|
)%
|
|
(2
|
)%
|
|
(1
|
)%
|
Net (loss) income
|
—
|
%
|
|
4
|
%
|
|
3
|
%
|
|
3
|
%
|
Accretion of Series A Redeemable Convertible Preferred Stock dividends
|
(1
|
)%
|
|
(2
|
)%
|
|
(1
|
)%
|
|
(1
|
)%
|
Net income attributable to Series A Redeemable Convertible Preferred Stock
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
Net (loss) income attributable to common stockholders
|
(2
|
)%
|
|
2
|
%
|
|
1
|
%
|
|
1
|
%
|
|
Three Months Ended
|
|
Period-to-Period Change
|
|
Six Months Ended
|
|
Period-to-Period Change
|
||||||||||||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
||||||||||||||
|
(in thousands, except percentages)
|
||||||||||||||||||||||||||||
Revenue
|
$
|
45,966
|
|
|
$
|
41,972
|
|
|
$
|
3,994
|
|
|
10
|
%
|
|
$
|
93,291
|
|
|
$
|
85,338
|
|
|
$
|
7,953
|
|
|
9
|
%
|
|
Three Months Ended
|
|
Period-to-Period Change
|
|
Six Months Ended
|
|
Period-to-Period Change
|
||||||||||||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
||||||||||||||
|
(in thousands, except percentages)
|
||||||||||||||||||||||||||||
Cost of revenue
|
$
|
9,823
|
|
|
$
|
9,000
|
|
|
$
|
823
|
|
|
9
|
%
|
|
$
|
19,266
|
|
|
$
|
17,766
|
|
|
$
|
1,500
|
|
|
8
|
%
|
Percentage of revenue
|
21
|
%
|
|
21
|
%
|
|
|
|
|
|
21
|
%
|
|
21
|
%
|
|
|
|
|
|
Three Months Ended
|
|
Period-to-Period Change
|
|
Six Months Ended
|
|
Period-to-Period Change
|
||||||||||||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
||||||||||||||
|
(in thousands, except percentages)
|
||||||||||||||||||||||||||||
Selling and marketing
|
$
|
15,901
|
|
|
$
|
17,853
|
|
|
$
|
(1,952
|
)
|
|
(11
|
)%
|
|
$
|
32,758
|
|
|
$
|
37,050
|
|
|
$
|
(4,292
|
)
|
|
(12
|
)%
|
Percentage of revenue
|
35
|
%
|
|
43
|
%
|
|
|
|
|
|
35
|
%
|
|
43
|
%
|
|
|
|
|
|
Three Months Ended
|
|
Period-to-Period Change
|
|
Six Months Ended
|
|
Period-to-Period Change
|
||||||||||||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
||||||||||||||
|
(in thousands, except percentages)
|
||||||||||||||||||||||||||||
Research and development
|
$
|
8,492
|
|
|
$
|
6,666
|
|
|
$
|
1,826
|
|
|
27
|
%
|
|
$
|
16,780
|
|
|
$
|
12,655
|
|
|
$
|
4,125
|
|
|
33
|
%
|
Percentage of revenue
|
18
|
%
|
|
16
|
%
|
|
|
|
|
|
18
|
%
|
|
15
|
%
|
|
|
|
|
|
Three Months Ended
|
|
Period-to-Period Change
|
|
Six Months Ended
|
|
Period-to-Period Change
|
||||||||||||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
||||||||||||||
|
(in thousands, except percentages)
|
||||||||||||||||||||||||||||
General and administrative
|
$
|
11,593
|
|
|
$
|
8,433
|
|
|
$
|
3,160
|
|
|
37
|
%
|
|
$
|
22,060
|
|
|
$
|
16,688
|
|
|
$
|
5,372
|
|
|
32
|
%
|
Percentage of revenue
|
25
|
%
|
|
20
|
%
|
|
|
|
|
|
24
|
%
|
|
20
|
%
|
|
|
|
|
|
Three Months Ended
|
|
Period-to-Period Change
|
|
Six Months Ended
|
|
Period-to-Period Change
|
||||||||||||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
||||||||||||||
|
(in thousands, except percentages)
|
||||||||||||||||||||||||||||
Depreciation and amortization
|
$
|
411
|
|
|
$
|
423
|
|
|
$
|
(12
|
)
|
|
(3
|
)%
|
|
$
|
829
|
|
|
$
|
847
|
|
|
$
|
(18
|
)
|
|
(2
|
)%
|
Percentage of revenue
|
1
|
%
|
|
1
|
%
|
|
|
|
|
|
1
|
%
|
|
1
|
%
|
|
|
|
|
|
Three Months Ended
|
|
Period-to-Period Change
|
|
Six Months Ended
|
|
Period-to-Period Change
|
||||||||||||||||||||||
|
June 30, 2018
|
|
July 1, 2017
|
|
$ Change
|
|
% Change
|
|
June 30, 2018
|
|
July 1, 2017
|
|
$ Change
|
|
% Change
|
||||||||||||||
|
(in thousands, except percentages)
|
||||||||||||||||||||||||||||
Restructuring charges
|
$
|
17
|
|
|
$
|
—
|
|
|
$
|
17
|
|
|
100
|
%
|
|
$
|
479
|
|
|
$
|
—
|
|
|
$
|
479
|
|
|
100
|
%
|
Percentage of revenue
|
—
|
%
|
|
—
|
%
|
|
|
|
|
|
1
|
%
|
|
—
|
%
|
|
|
|
|
|
Three Months Ended
|
|
Period-to-Period Change
|
|
Six Months Ended
|
|
Period-to-Period Change
|
||||||||||||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
||||||||||||||
|
(in thousands, except percentages)
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Other (expense) income, net
|
$
|
(768
|
)
|
|
$
|
1,008
|
|
|
$
|
(1,776
|
)
|
|
(176
|
)%
|
|
$
|
(206
|
)
|
|
$
|
1,309
|
|
|
$
|
(1,515
|
)
|
|
(116
|
)%
|
Percentage of revenue
|
(2
|
)%
|
|
2
|
%
|
|
|
|
|
|
—
|
%
|
|
2
|
%
|
|
|
|
|
|
Three Months Ended
|
|
Period-to-Period Change
|
|
Six Months Ended
|
|
Period-to-Period Change
|
||||||||||||||||||||||
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
|
June 30,
2018 |
|
July 1,
2017 |
|
$ Change
|
|
% Change
|
||||||||||||||
|
(in thousands, except percentages)
|
||||||||||||||||||||||||||||
Benefit from income taxes
|
$
|
(870
|
)
|
|
$
|
(1,068
|
)
|
|
$
|
198
|
|
|
(19
|
)%
|
|
$
|
(1,615
|
)
|
|
$
|
(856
|
)
|
|
$
|
(759
|
)
|
|
89
|
%
|
Percentage of revenue
|
(2
|
)%
|
|
(3
|
)%
|
|
|
|
|
|
(2
|
)%
|
|
(1
|
)%
|
|
|
|
|
|
Six Months Ended
|
||||||
|
June 30,
2018 |
|
July 1,
2017 |
||||
Cash flow provided by (used in):
|
|
|
|
||||
Operating activities
|
$
|
14,638
|
|
|
$
|
11,140
|
|
Investing activities
|
(5,807
|
)
|
|
(387
|
)
|
||
Financing activities
|
3,192
|
|
|
2,037
|
|
||
Effect of exchange rates on cash balances
|
(296
|
)
|
|
(2,045
|
)
|
||
Increase in cash and cash equivalents
|
$
|
11,727
|
|
|
$
|
10,745
|
|
|
|
|
|
|
|
Incorporated by Reference
|
||||
Exhibit Number
|
|
Exhibit Description
|
|
Filed with this Form 10-Q
|
|
Form
|
|
Filing Date
with SEC
|
|
Exhibit Number
|
31.1
|
|
|
X
|
|
|
|
|
|
|
|
31.2
|
|
|
X
|
|
|
|
|
|
|
|
32.1
|
|
|
X
|
|
|
|
|
|
|
|
101.INS
|
|
XBRL Instance Document
|
|
X
|
|
|
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Schema Linkbase Document
|
|
X
|
|
|
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Calculation Linkbase Document
|
|
X
|
|
|
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Definition Linkbase Document
|
|
X
|
|
|
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Labels Linkbase Document
|
|
X
|
|
|
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Presentation Linkbase Document
|
|
X
|
|
|
|
|
|
|
|
|
|
CARE.COM, INC.
|
|
|
|
|
Dated: July 30, 2018
|
|
|
By:
/s/ SHEILA LIRIO MARCELO
|
|
|
|
Sheila Lirio Marcelo
|
|
|
|
President and Chief Executive Officer and Director
|
|
|
|
(Principal Executive Officer)
|
|
|
|
|
Dated: July 30, 2018
|
|
|
By:
/s/ MICHAEL ECHENBERG
|
|
|
|
Michael Echenberg
|
|
|
|
Executive Vice President and Chief Financial Officer
|
|
|
|
(Principal Financial and Accounting Officer)
|
|
|
|
|
1 Year Care com Chart |
1 Month Care com Chart |
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