LifeLock Logo download (1)LifeLock, Inc. reported total revenue of $134.4 million for the first quarter of 2015, up 25% from $107.6 million for the first quarter of 2014. 

Consumer revenue was $128.2 million for the first quarter of 2015, up 27% from$101.0 million for the first quarter of 2014. Enterprise revenue was $6.2 million for the first quarter of 2015, compared with $6.6 million for the first quarter of 2014.

  • Net loss was $9.2 million for the first quarter of 2015, compared with a net loss of $4.3 million for the first quarter of 2014. Net loss per diluted share was $0.10 for the first quarter of 2015 based on 94.0 million weighted-average shares outstanding, compared with a net loss per diluted share of $0.05 for the first quarter of 2014 based on 91.9 million weighted-average shares outstanding.
  • Cash Flow: Cash flow from operations was $20.5 million for the first quarter of 2015, leading to free cash flow of $17.7 million after taking into consideration $2.8 million of capital expenditures. This compares with cash flow from operations of $18.3 million and free cash flow of $14.4 million, after taking into consideration $3.9 million of capital expenditures, for the first quarter of 2014.
  • “Against a backdrop of continued data breaches, we produced the best quarter of gross new member additions in the history of the company.” said Todd Davis, LifeLock’s Chairman and CEO. “We believe this performance is indicative of the power of our brand and the growing recognition of the differentiated nature of our offerings.”

First Quarter 2015 & Recent Business Highlights:

  • Recorded the 40th consecutive quarter of sequential growth in revenue and cumulative ending members.
  • Added approximately 421,000 gross new members in the first quarter of 2015 and ended the quarter with approximately 3.89 million members. Achieved a retention rate of 87.8% for the first quarter of 2015, compared with 87.5% for the first quarter of 2014. Increased monthly average revenue per member to $11.38 for the first quarter of 2015 from $10.81 for the first quarter of 2014.
  • Announced a partnership with Sam’s Club, a division of Wal-Mart Stores, to offer LifeLock services to Sam’s Club members on-line and in a pilot store program. Welcomed two new executives to LifeLock by adding Ignacio Martinez as Chief Risk Officer and Peter Levinson as SVP of Product & Technology.

Source:  LifeLock Press Release