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LifeLock: Adjusted Ebitda Was

The following excerpt is from the company's SEC filing.

for the

quarter of

, compared with

$17.9 million

Cash Flow

: Cash flow from operations was

$20.8 million

, leading to free cash flow* of

$18.4 million

after taking into consideration

$4.1 million

of capital expenditures and

$1.6 million

of payments for expenses related to the FTC litigation. This compares with cash flow from operations of

$26.1 million

and free cash flow of

$22.7 million

, after taking into consideration

$3.5 million

of capital expenditures, for the

Balance Sheet

: Total cash and marketable securities at the end of the

$332.2 million

, up from

$326.0 million


A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Third Quarter

& Recent Business Highlights:

Recorded the 42

consecutive quarter of sequential growth in revenue and cumulative ending members.

Acquired a team of product and development data experts who have extensive expertise in large scale data processing from BitYota, Inc., for $12.8 million for the purpose of developing new data-based products within our consumer segment.

Added approximately


gross new members in the

and ended the quarter with approximately

Increased monthly average revenue per member to




As of

October 28, 2015

, we are initiating guidance for our


as well as updating our guidance for the full year




: Total revenue is expected to be in the range of

$153 million

$155 million

. Adjusted net income per share is expected to be in the range of

based on approximately

101 million

fully diluted weighted-average shares outstanding. Adjusted EBITDA is expected to be in the range of

$32 million

$34 million

Full Year

$584 million

$586 million

. Adjusted net income per diluted share is expected to be in the range of

100 million

fully diluted weighted-average shares outstanding and a cash tax rate of

$71 million

$73 million

. Free cash flow is expected to be in the range of

$95 million

$100 million

Our fourth quarter 2015 and full year 2015 guidance for adjusted net income per share and adjusted EBITDA and our full year 2015 guidance for free cash flow excludes the impact of the expenses for the FTC and related litigation.

Conference Call Details:


financial results.

Wednesday, October 28, 2015

at 2PM PT (5PM ET).

Dial in:

To access the call in the United States, please dial (877) 407-3982, and for international callers dial (201) 493-6780. Callers may provide confirmation number 13622020 to access the call more quickly, and are encouraged to dial into the call 10 to 15 minutes prior to the start to prevent any delay in joining.


(live and replay)


A replay of the call will be available via telephone for seven days, beginning two hours after the call. To listen to the telephone replay in the United States, please dial (877) 870-5176, and for international callers dial (858) 384-5517 and enter access code 13622020.

About LifeLock

LifeLock, Inc.


is a leading provider of proactive identity theft protection services for consumers and consumer risk management services for enterprises. LifeLock’s threat detection, proactive identity alerts, and comprehensive remediation services help provide peace of mind for consumers amid the growing threat of identity theft. Leveraging unique data, science and patented technology from ID Analytics, Inc., a wholly owned subsidiary, LifeLock offers identity theft protection that goes significantly beyond credit monitoring. As part of its commitment to help fight identity theft, LifeLock works to train law enforcement and partners with a variety of non-profit organizations to help consumers establish positive habits to combat this threat

Forward-Looking Statements

This press release contains “forward-looking” statements, as that term is defined under the federal securities laws, including statements regarding our expected total revenue, profitability, long-term growth prospects, adjusted net income per diluted share, adjusted EBITDA, free cash flow for the third quarter of

and for fiscal year

, and the resolution of the

FTC and consumer class action matters, along with a potential settlement with certain states' attorneys general for related claims

. These forward-looking statements are based on our current assumptions, expectations, and beliefs and are subject to substantial risks, uncertainties, assumptions, and changes in circumstances that may cause our actual results, performance, or achievements to differ materially from those expressed or implied in any forward-looking statement.

The risks and uncertainties referred to above include, but are not limited to, risks associated with our ability to maintain profitability on an annual basis; our ability to protect our customers’ confidential information; our ability to maintain and enhance our brand recognition and reputation; the competitive nature of the industries...