LifeLock Logo download (1)LifeLock, Inc. (NYSE: LOCK) reported revenue of $156.2 million for the fourth quarter of 2015, up 20% from $129.7 million for the fourth quarter of 2014.  Consumer revenue was $148.3 million for the fourth quarter of 2015, up 21% from $122.7 million for the fourth quarter of 2014. Enterprise revenue was $7.9 million for the fourth quarter of 2015, up 13% from $6.9 million for the fourth quarter of 2014.

Adjusted EBITDA*: Adjusted EBITDA was $33.0 million for the fourth quarter of 2015, compared with $30.2 millionfor the fourth quarter of 2014.

LifeLock Revenue Growth 2015 AFiscal Year 2015 Financial Highlights: Total revenue was $587.5 million for the fiscal year 2015, up 23% from $476.0 million for the fiscal year 2014. Consumer revenue was $559.5 million for the fiscal year 2015, up 25% from $449.2 million for the fiscal year 2014. Enterprise revenue was $28.0 million for the fiscal year 2015, up 4% from $26.8 million for the fiscal year 2014.

Adjusted EBITDA was $72.3 million for the fiscal year 2015, compared with $55.5 million for the fiscal year 2014.

“LifeLock delivered its 43rd consecutive quarter of sequential growth in both revenue and cumulative ending members in the fourth quarter, despite the headwinds from the FTC litigation, which has now been resolved,” Todd Davis said. “A major highlight was our best-ever quarter in the employee benefits channel, which contributed to an 18% increase in gross new members.”

“In January, we announced that Hilary Schneider will succeed me as CEO effective March 1st. With her leadership skills, technology expertise and clear vision for our company, there is no one I trust more to build on all we have achieved to date. I know LifeLock has a tremendous future ahead.”

Hilary Schneider said, “Our ability to deliver solid growth in a challenging quarter gives me great confidence in the future of LifeLock. We continued to expand our product offerings and build out our operations to enhance our position as the most trusted identity theft solution provider in the industry. Our products are more important than ever, and we are ideally situated to pioneer the next generation of advanced tools that consumers need to not only protect their identities, but to also manage them. I look forward to working with the fantastic team at LifeLock to seize this great opportunity.”

Source:  Lifelock Earnings Release