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Chegg Inc (CHGG.N)

CHGG.N on New York Stock Exchange

8.14USD
24 Mar 2017
Change (% chg)

$0.01 (+0.12%)
Prev Close
$8.13
Open
$8.14
Day's High
$8.23
Day's Low
$8.03
Volume
89,177
Avg. Vol
158,857
52-wk High
$8.57
52-wk Low
$4.03

Latest Key Developments (Source: Significant Developments)

Chegg reports Q4 rev $254.1 mln
Monday, 13 Feb 2017 04:05pm EST 

Chegg Inc : Chegg reports Q4 and full year 2016 financial results . Q4 revenue fell 16 percent to $254.1 million . Q4 revenue view $58.8 million -- Thomson Reuters I/B/E/S . Sees Q1 2017 revenue $57 million to $59 million . Sees FY 2017 revenue about $230 million . Q1 earnings per share view $0.02, revenue view $57.7 million -- Thomson Reuters I/B/E/S . Chegg services revenues grew 54pct year-over-year to $44.3 million, or 70pct of total net revenues compared to 42 pct in Q4 2015 . Says Q4 required materials revenues of $18.8 million compared to $39.5 million in Q4 2015 . Sees Q1 Chegg services revenues in range of $38 million to $40 million . Sees Q1 gross margin between 62 pct to 64 pct .Sees 2017 total net revenues of $230 million.  Full Article

Chegg reports Q2 2016 results
Monday, 1 Aug 2016 04:04pm EDT 

Chegg Inc : Q2 revenue $53 million versus I/B/E/S view $51.2 million . Chegg reports second quarter 2016 results . Qtrly loss per share $0.10 . Sees Q3 Non-GAAP total net revenues in range of $48 million and $52 million .Sees adjusted EBITDA to range between loss of $2 million and breakeven in Q3.  Full Article

Chegg acquires Imagine Easy Solutions
Monday, 2 May 2016 04:02pm EDT 

Chegg Inc:Chegg acquires Imagine Easy Solutions, a market leader of online writing tools.Chegg has acquired imagine easy for approximately $42 million in an all-cash transaction.Transaction is anticipated to be accretive to Chegg's fiscal 2016 revenues and earnings.There are potential additional payments of up to $18 million over next three years that remain subject to contingencies.Of $42 million, approximately $25 million paid at closing and $17 million of which is to be paid by April 2017.There are potential additional payments of up to $18 million over next three years that remain subject to contingencies.Contingent payments may be settled either in cash or common stock, at discretion of Chegg.  Full Article

Chegg Inc gives Q1, FY 2016 outlook
Monday, 22 Feb 2016 04:05pm EST 

Chegg Inc:Sees Q1 2016 Total GAAP Revenue in the range of $60 million and $65 million.Sees Q1 2016 Total Pro Forma Revenue in the range of $44 million and $47 million.Sees Q1 2016 Chegg Services Revenue in the range of $24 million and $26 million.Sees Q1 2016 Total Gross Margin on a GAAP basis between 38%; and 40%.Sees Q1 2016 Adjusted EBITDA loss of $2 million to approximately breakeven.Sees Fy 2016 Total GAAP Revenue in the range of $230 million and $250 million.Sees Fy 2016 Total Pro Forma Revenue in the range of $170 million and $185 million.Sees Fy 2016 Chegg Services Revenue in the range of $115 million and $125 million.Sees Fy 2016 Total Gross Margin on a GAAP basis between 48% and 50%.Sees Fy 2016 Total Gross Margin on a Pro Forma basis between 64% and 66%.Sees Fy 2016 Adjusted EBITDA in the range of $10 million and $20 million.  Full Article

Chegg Inc gives Q4 2015 outlook; reaffirms FY 2015 outlook
Monday, 2 Nov 2015 04:05pm EST 

Chegg Inc:Sees Q4 2015 Total Revenue in the range of $68 million and $74 million.Sees Q4 2015 Adjusted EBITDA profit of between $10 million and $15 million.Sees FY 2015 Total Revenue in the range of $295 million and $310 million.Sees FY 2015 Adjusted EBITDA of breakeven to $5 million.  Full Article

Chegg Inc gives Q3 2015 outlook below analysts' estimates; lowers FY 2015 revenue outlook; updates FY 2015 EPS outlook
Monday, 3 Aug 2015 04:05pm EDT 

Chegg Inc:Expects Q3 2015 revenue in the range of $74 and $80 million.Expects Q3 2015 adjusted EBITDA loss of between $12 and $9 million.Expects FY 2015 revenue in the range of $295 and $310 million.Expects FY 2015 adjusted EBITDA of breakeven to $5 million;.Q3 2015 revenue of $82 mln and EBITDA of $(0.15) mln - Thomson Reuters I/B/E/S.FY 2015 revenue of $310 mln and EBITDA of $0.07 mln - Thomson Reuters I/B/E/S.  Full Article

Chegg Inc gives Q2 2015 guidance in line with analysts' estimates; raises FY 2015 revenue guidance; updates FY 2015 EBITDA guidance
Wednesday, 6 May 2015 04:06pm EDT 

Chegg Inc:Expects Q2 2015 revenue in the range of $61 million and $65 million.Expects Q2 2015 Digital Revenue in the range of $28 million and $30 million.Expects Q2 2015 Adjusted EBITDA in the range of $1.5 million and $2.5 million.Expects FY 2015 Revenue in the range of $300 million and $315 million.Expects FY 2015 Digital Revenue in the range of $135 million and $145 million.Expects FY 2015 Adjusted EBITDA of breakeven or better.Q2 2015 revenue of $62 mln and EBITDA of $2.4 mln - Thomson Reuters I/B/E/S.FY 2015 revenue of $304 mln and EBITDA of $0.97 mln - Thomson Reuters I/B/E/S.  Full Article

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