Key Developments: Cvent Inc (CVT.N)

CVT.N on New York Stock Exchange

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24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Cvent Inc acquires Decision Street
Thursday, 6 Nov 2014 04:20pm EST 

Cvent Inc:Says acquisition of Decision Street, an Atlanta-based hotel sales-intelligence software company.Purchase bolsters Cvent's initiative to add platform functionality that helps hoteliers better manage group business opportunities.  Full Article

Cvent Inc gives Q4 2014 guidance; revenue, net income and EPS guidance above analysts' estimates; raises FY 2014 guidance
Thursday, 6 Nov 2014 04:10pm EST 

Cvent Inc:Expects Q4 2014 total revenue to be in the range of $38.6 million to $39.0 million.Expects Q4 2014 GAAP net loss to be in the range of $(2.0) million to $(1.6) million, or $(0.05) to $(0.04) per share.Expects Q4 2014 non-GAAP net income to be in the range of $0.6 million to $1.0 million, or $0.01 to $0.02 per share.Expects Q4 2014 adjusted EBITDA to be in the range of $2.8 million to $3.2 million.Says that above adjusted EBITDA guidance includes a dilutive impact of about $250,000 associated with acquisition of Decision Street.Expects FY 2014 total revenue to be in the range of $141.5 million to $141.9 million.Expects FY 2014 GAAP net income to be in the range of $1.7 million to $2.1 million, or $0.04 to $0.05 per share.Expects FY 2014 non-GAAP net income to be in the range of $8.9 million to $9.3 million, or $0.21 to $0.22 per share (EPS).Expects FY 2014 adjusted EBITDA to be in range of $17.4 million to $17.8 million.Q4 2014 revenue of $38.5 million, net income of $(2.3) million, EPS of $(0.06) and EBITDA of $3.0 million - Thomson Reuters I/B/E/S.FY 2014 revenue of $140.5 million, net income of $2.3 million, EPS of $0.05 and EBITDA of $14.6 million - Thomson Reuters I/B/E/S.  Full Article

CWT meetings & events signs agreement with Cvent
Tuesday, 2 Sep 2014 08:29am EDT 

Cvent Inc:Says CWT Meetings & Events signs an agreement with Cvent, Inc.CWT Meetings & Events will introduce Cvent's dedicated event management system in a phased approach over the coming months, including activation for clients in North America, Asia Pacific and across Europe.Says new program will work in parallel with existing CWT Meetings & Events technology systems, offering a wider technology portfolio for clients and strengthening CWT Meetings & Events ' global strategic meetings management services, delivering ROI for event programs.  Full Article

Cvent Inc gives Q3 2014 guidance; net income guidance above analysts' estimates; raises FY 2014 guidance
Thursday, 7 Aug 2014 04:23pm EDT 

Cvent Inc:Expects Q3 2014 total revenue to be in the range of $36.2 million to $36.6 million.Expects Q3 2014 GAAP net loss to be in the range of $(2.2) million to $(1.8) million, or $(0.05) to $(0.04) per share.Expects Q3 2014 Non-GAAP net loss to be in the range of $(0.3) million to income of $0.1 million, or $(0.01) to breakeven per share.Expects Q3 2014 adjusted EBITDA to be in the range of $3.4 million to $3.8 million.Expects FY 2014 total revenue to be in the range of $140.0 million to $141.0 million.Expects FY 2014 GAAP net loss to be in the range of $(4.3) million to $(3.1) million, or $(0.11) to $(0.08) per share.Expects FY 2014 Non-GAAP net income to be in the range of $1.5 million to $2.8 million, or $0.04 to $0.06 per share.Expects FY 2014 adjusted EBITDA to be in the range of $14.0 million to $15.0 million.Q3 2014 revenue of $36.2 million, net income of $(0.65) million, EBITDA of $3.8 million and EPS of $(0.01) - Thomson Reuters I/B/E/S.FY 2014 revenue of $140 million, net income of $(1.2) million, EBITDA of $14 million and EPS of $0.03 - Thomson Reuters I/B/E/S.  Full Article

Cvent Inc gives Q2 2014 guidance; EBITDA guidance below analysts' estimates; raises FY 2014 guidance
Wednesday, 14 May 2014 04:01pm EDT 

Cvent Inc:Expects Q2 2014 total revenue to be in the range of $33.3 million to $33.7 million.Expects Q2 2014 GAAP net loss to be in the range of $(2.3) million to $(1.9) million, or $(0.06) to $(0.05) per share.Expects Q2 2014 Non-GAAP net loss to be in the range of $(0.4) million to breakeven, or $(0.01) to breakeven per share.Expects Q2 2014 adjusted EBITDA to be in the range of $1.6 million to $2.0 million.Expects FY 2014 total revenue to be in the range of $138.7 million to $140.3 million.Expects FY 2014 GAAP net loss to be in the range of $(7.0) million to $(5.8) million, or $(0.17) to $(0.14) per share.Expects FY 2014 Non-GAAP net income to be in the range of $0.4 million to $1.6 million, or $0.01 to $0.04 per share.Expects FY 2014 adjusted EBITDA to be in the range of $13.6 million to $14.6 million.Q2 2014 revenue of $33.3 million, net income of $(0.18) million, EPS of $0.00 and EBITDA of $3.07 million - Thomson Reuters I/B/E/S.FY 2014 revenue of $138.8 million, net income of $0.00 million, EPS of $0.00 and EBITDA of $14.02 million - Thomson Reuters I/B/E/S.  Full Article

Cvent Inc gives Q1 2014 EPS outlook; net income and EBITDA outlook below estimates; Q1, FY 2014 revenue outlook above estimates; FY 2014 EBITDA outlook; net income and EPS outlook below estimates
Thursday, 20 Feb 2014 04:59pm EST 

Cvent Inc:Expects Q1 2014 total revenue to be in the range of $30.6 million to $31.0 million.Expects Q1 2014 GAAP net loss to be in the range of $(2.3) million to $(1.9) million, or $(0.06) to $(0.05) per share.Expects Q1 2014 Non-GAAP net income (loss) to be in the range of $(0.6) million to $(0.2) million, or $(0.01) to breakeven per share.Expects Q1 2014 Adjusted EBITDA to be in the range of $1.6 million to $2.0 million.Expects FY 2014 total revenue to be in the range of $137.8 million to $139.6 million.Expects FY 2014 GAAP net loss to be in the range of $(11.1) million to $(9.6) million, or $(0.27) to $(0.23) per share.Expects FY 2014 Non-GAAP net income (loss) to be in the range of $(1.4) million to $0.3 million, or $(0.03) to $0.01 per share.Expects FY 2014 Adjusted EBITDA to be in the range of $12.8 million to $14.3 million.Q1 2014 revenue of $30.46 mln, net income of $0.26 mln, EPS of $0.00, EBITDA of $2.23 mln.FY 2014 revenue of $136.8 mln, net income of $3.61 mln, EPS of $0.06, EBITDA of $13.33 mln.  Full Article

Cvent Inc launches new crowdtorch consumer events platform with ticketing and mobile apps
Tuesday, 28 Jan 2014 08:29am EST 

Cvent Inc:Says the launch of a new Audience Management Platform (AMP).Says marketed and sold through its CrowdTorch, AMP is a new model in the marketplace integrating online and box office ticketing, mobile apps, custom websites, social marketing and fan engagement and insight tools.  Full Article

Cvent Inc announces closing of upsized follow-on offering and exercise of over-allotment option
Thursday, 23 Jan 2014 04:01pm EST 

Cvent Inc:Says it has closed its public offering of 5,280,000 shares of its common stock, an increase of 10% from the original offering size, and that the underwriters have exercised, in full, their option to purchase up to 792,000 additional common shares.Says as a result, the total follow-on offering size was 6,072,000 shares, which consists of 747,500 shares sold by Cvent and 5,324,500 shares sold by selling stockholders.All shares included in the offering were sold to the public at a price of $35.50 per share.Says it has received net proceeds of about $25.4 million, after underwriting discounts and commissions, and before deducting offering-related expenses.Says proceeds will be used for offering-related expenses, working capital and general corporate purposes, including further expansion of Cvent`s operations and product development.Says cvent will not receive any proceeds from the sale of shares by the selling stockholders.Says Morgan Stanley & Co. LLC and Goldman, Sachs & Co. acted as joint book-running managers for the offering.Pacific Crest Securities LLC, Stifel, Nicolaus & Company, Incorporated, and Needham & Company, LLC acted as co-managers.  Full Article

Cvent Inc announces upsize and pricing of follow-on offering
Thursday, 16 Jan 2014 09:24pm EST 

Cvent Inc:Says the upsizing and pricing of its follow-on offering.Says Due to demand, the size of the offering has been increased from the previously announced 4,800,000 shares of common stock to 5,280,000 shares of common stock at a price of $35.50 per share.Says the offering consists of 4,630,000 shares from certain existing stockholders and 650,000 shares from Cvent.Says in addition, the underwriters have a 30-day option to purchase up to 792,000 additional shares of common stock from Cvent and the selling stockholders.Says in connection with the offering, Cvent, its directors and executive officers, and all selling stockholders have agreed to lock-up agreements that will extend the initial public offering lock-up period until 90 days after this follow-on offering.Says Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering.Says Pacific Crest Securities LLC, Stifel, Nicolaus & company, Incorporated, and Needham & company, LLC are acting as co-managers.  Full Article

Cvent Inc Issues Q4 2013 Revenue And EBITDA Guidance Above Analysts' Estimates; Net Income And EPS Guidance Below Analysts' Estimates'; Raises FY 2013 Guidance
Tuesday, 12 Nov 2013 04:01pm EST 

Cvent Inc announced that for the fourth quarter of 2013, it expects total revenue to be in the range of $30.0 million to $30.4 million. GAAP net loss is expected to be in the range of $(1.8) million to $(1.4) million, or $(0.05) to $(0.04) per share. Non-GAAP net income (loss) is expected to be in the range of $(0.5) million to $(0.1) million, or ($0.01) to breakeven per share. Adjusted EBITDA is expected to be in the range of $1.8 million to $2.2 million. For fiscal 2013, total revenue is expected to be in the range of $110.4 million to $110.8 million. GAAP net loss is expected to be in the range of $(4.6) million to $(4.2) million, or $(0.13) to $(0.12) per share. Non-GAAP net income is expected to be in the range of $5.0 million to $5.4 million, or $0.13 to $0.14 per share. Adjusted EBITDA is expected to be in the range of $14.5 million to $14.9 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $29.3 million, Net Income of $(0.67) million, EBITDA of $1.31 million and EPS of $(0.03) for the fourth quarter of 2013; revenue of $108.4 million, Net Income of $2.1 million, EBITDA of $11.21 million and EPS of $0.06 for fiscal 2013.  Full Article

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