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Technology Stocks : Growth Investing

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From: JakeStraw	2/8/2017 4:15:43 PM
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MINDBODY Reports Fourth Quarter and Full Year 2016 Financial Results finance.yahoo.com Produces Full Year Revenue Growth of 37% Delivers 48% reduction in GAAP Net Loss Achieves Adjusted EBITDA Profitability Ahead of Expectations “2016 was a great year for MINDBODY, with strong growth in high value subscribers, particularly in our fitness and salon/spa markets, impressive expansion of the MINDBODY Network marketing platform and an 82% increase in MINDBODY app registered users,” said Rick Stollmeyer, Co-founder and Chief Executive Officer of MINDBODY. “These successes combined with increasingly powerful partnerships and improving margins give us a great deal of confidence and excitement for the year ahead.” “We exited 2016 with significant business momentum, accelerating payments revenue and volume growth, and record ARPS and gross margin,” said Brett White, Chief Operating Officer and Chief Financial Officer. “We are very pleased to have achieved Adjusted EBITDA profitability in the fourth quarter, one quarter ahead of our guidance.”

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