Key Developments: Ellie Mae Inc (ELLI.N)

ELLI.N on New York Stock Exchange

24.13USD
1 Aug 2013
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Latest Key Developments (Source: Significant Developments)

Ellie Mae Inc Q3 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Revenue, Net Income And EPS Guidance; Reaffirms FY 2013 EBITDA Guidance
Thursday, 1 Aug 2013 04:05pm EDT 

Ellie Mae Inc announced that for the third quarter of 2013, it expects revenue to be in the range of $34.0 million to $34.5 million, net income to be in the range of $3.9 million to $4.3 million, or $0.14 to $0.15 per diluted share, adjusted net income to be in the range of $8.1 million to $8.6 million, or $0.29 to $0.30 per diluted share and adjusted EBITDA to be in the range of $12.1 million to $12.9 million. For fiscal 2013, the Company expects revenue to be in the range of $131.0 million to $132.5 million, up from the previously provided range of $130.0 million to $131.5 million, net income to be in the range of $14.0 million to $14.5 million, or $0.49 to $0.51 per diluted share, down from the previously provided range of $15.6 million to $16.2 million, or $0.55 to $0.57 per diluted share, adjusted net income to be in the range of $30.7 million to $31.5 million, or $1.08 to $1.11 per diluted share, up from the previously provided range of $30.2 million to $31.0 million, or $1.06 to $1.09 per diluted share (EPS). Adjusted EBITDA is expected to continue to be in the range of $44.2 million to $45.4 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $33.8 million, net income of $7.7 million and EPS of $0.28 and EBITDA of $11.9 million for the third quarter of 2013; and revenue of $131.8 million, net income of $30.3 million and EPS of $1.09 and EBITDA of $44.7 million for fiscal 2013.  Full Article

Ellie Mae Inc Issues Q2 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Revenue Guidance; Reaffirms FY 2013 Earnings Guidance
Tuesday, 30 Apr 2013 04:05pm EDT 

Ellie Mae Inc announced that for the second quarter of 2013, revenue is expected to be in the range of $33.5 million to $34.0 million. Net income is expected to be in the range of $4.0 million to $4.4 million, or $0.14 to $0.16 per diluted share. Adjusted net income is expected to be in the range of $7.7 million to $8.2 million, or $0.27 to $0.29 per diluted share. Adjusted EBITDA is expected to be in the range of $11.4 million to $12.5 million. For fiscal 2013, revenue is expected to be in the range of $130.0 million to $131.5 million, up from the previously provided range of $127.5 million to $129.0 million. Net income is expected to continue to be in the range of $15.6 million to $16.2 million, or $0.55 to $0.57 per diluted share. Adjusted net income is expected to continue to be in the range of $30.2 million to $31.0 million, or $1.06 to $1.09 per diluted share. Adjusted EBITDA is expected to continue to be in the range of $44.2 million to $45.4 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $31.9 million, net income of $7.2 million, EBITDA of $11.05 million and EPS of $0.26 for the second quarter of 2013; revenues of $129.21 million for fiscal 2013.  Full Article

Ellie Mae Inc Names Jonathan Corr As President
Thursday, 14 Feb 2013 04:10pm EST 

Ellie Mae Inc announced that Jonathan Corr has been named President and chief operating officer (COO). In this role, he will be responsible for managing the Company's day-to-day operations.  Full Article

Ellie Mae Inc Issues Q1, FY 2013 Guidance Above Analysts' Estimates
Thursday, 14 Feb 2013 04:05pm EST 

Ellie Mae Inc announced that for first quarter of 2013, it expects revenue to be in the range of $30.0-$30.5 million, net income to be in the range of $3.2-$3.5 million, or $0.11-$0.13 per diluted share, adjusted net income to be in the range of $6.4-$6.8 million, or $0.23-$0.24 per diluted share and adjusted EBITDA to be in the range of $9.5-$10.0 million. For fiscal 2013, it expects revenue to be in the range of $127.5-$129.0 million, net income to in the range of $15.6-$16.2 million, or $0.55-$0.57 per diluted share, adjusted net income to be in the range of $30.2-$31.0 million, or $1.06-$1.09 per diluted share and adjusted EBITDA to be in the range of $44.2-$45.4 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $28.1 million, net income of $4.9 million, EPS of $0.19 and EBITDA of $8.2 million for first quarter of 2013; revenue of $126.6 million, net income of $26.8 million, EPS of $0.91 and EBITDA of $40.9 million for fiscal 2013.  Full Article

Ellie Mae Inc Revises FY 2012 Revenue Guidance; Reaffirms FY 2013 Revenue Guidance-Conference Call
Thursday, 17 Jan 2013 05:40pm EST 

Ellie Mae Inc announced that it is guiding or has guided for fiscal 2012, to nearly $100 million in revenues. The Company also mentioned in third quarter earnings report that it expects fiscal 2013 to be at least 25% growth on the top line.  Full Article

Ellie Mae Inc Issues Q4 2012 Guidance Above Analysts' Estimates; Raises FY 2012 Guidance
Wednesday, 31 Oct 2012 04:05pm EDT 

Ellie Mae Inc announced that for fourth quarter of 2012, it expects revenue to be in the range of $27.5-$28.0 million, net income to be in the range of $1.5-$1.9 million, or $0.05-$0.07 per diluted share, adjusted net income to be in the range of $4.9-$5.4 million, or $0.18-$0.19 per diluted share and adjusted EBITDA to be in the range of $6.2-$6.9 million. For fiscal 2012, it expects revenue to be in the range of $99.5-$100.0 million, net income to in the range of $17.0-$17.4 million, or $0.68-$0.70 per diluted share, adjusted net income to be in the range of $25.2-$25.7 million, or $1.01-$1.03 per diluted share and adjusted EBITDA to be in the range of $28.7-$29.4 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $22.7 million, net income of $2.2 million, EPS of $0.09 and EBITDA of $3.2 million for fourth quarter of 2012; revenue of $91.7 million, net income of $18.7 million, EPS of $0.76 and EBITDA of $21.5 million for fiscal 2012.  Full Article

DocMagic, Inc. And Ellie Mae Inc Announce Settlement Of Lawsuit
Wednesday, 10 Oct 2012 04:10pm EDT 

DocMagic, Inc. And Ellie Mae Inc announced that they have executed a settlement agreement to end the pending litigation between the companies. In a joint statement the companies commented, This settlement ends the legal disputes and renews the former relationship between the two companies, with DocMagic agreeing to make its services available to lenders through the Ellie Mae Network. This agreement will enable the companies to focus resources on innovation and on enhancing the experience available to our mutual customers. As a part of the settlement, each company will drop all pending litigation consolidated in U.S. District Court for the District of Northern California.  Full Article

Ellie Mae Inc Issues Q3 2012 Guidance; Raises FY 2012 Guidance
Wednesday, 1 Aug 2012 04:15pm EDT 

Ellie Mae Inc announced that for the third quarter of 2012, it expects revenue to be in the range of $23.75-$24.25 million. Net income is expected to be in the range of $3.7-$4.1 million, or $0.14 to $0.15 per diluted share. Adjusted net income is expected to be in the range of $5.0-$5.4 million, or $0.18-$0.20 per diluted share. Adjusted EBITDA is expected to be in the range of $6.3 million to $6.9 million. For fiscal 2012, revenue is expected to be in the range of $90.0-$91.0 million, up from the previously provided range of $78.0-$79.0 million. Net income is expected to be in the range of $12.3-$13.1 million, or $0.49-$0.52 per diluted share, up from the previously provided range of $5.8-$6.3 million, or $0.26-$0.28 per diluted share. Adjusted net income is expected to be in the range of $17.1-$18.0 million, or $0.68-$0.72 per diluted share, up from the previously provided range of $9.6-$10.1 million, or $0.42-$0.45 per diluted share. Adjusted EBITDA is expected to be in the range of $21.6-$22.7 million, up from the previously provided range of $13.1-$14.1 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue $79.7 million and EBITDA of $13.43 million net income of $10.07 and EPS of $0.44 for fiscal 2012.  Full Article

Ellie Mae Inc Announces Closing Of Follow-On Public Offering
Tuesday, 3 Jul 2012 01:45pm EDT 

Ellie Mae Inc announced the closing of its previously announced follow-on public offering of 3,101,638 shares of its common stock at a public offering price of $17.00 per share as well as the exercise in full by the underwriters of their option to purchase 465,245 shares of common stock to cover over-allotments. As a result, the total offering size is 3,566,883 shares, which consists of 3,465,245 shares sold by Ellie Mae and 101,638 shares sold by certain of its directors and executive officers. Ellie Mae received aggregate net proceeds of approximately $55.7 million, after deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company. Ellie Mae intends to use the net proceeds from this offering for working capital and general corporate purposes, which may include the acquisition of, or investment in, technologies, solutions or businesses that complement the Company`s business. Ellie Mae will not receive any proceeds from the sale of common stock by the selling stockholders. William Blair & Company, L.L.C. and JMP Securities LLC acted as joint book-running managers of the offering. Needham & Company, LLC, Oppenheimer & Co. Inc., D.A. Davidson & Co. and Wunderlich Securities, Inc. acted as co-managers of the offering.  Full Article

Ellie Mae Inc Announces Pricing of Follow-On Public Offering
Wednesday, 27 Jun 2012 08:15pm EDT 

Ellie Mae Inc announced the pricing of its follow-on public offering of 3,101,638 shares of its common stock at a public offering price of $17.00 per share. Ellie Mae is offering 3,000,000 shares of common stock and certain of its directors and executive officers are offering 101,638 shares of common stock. In addition, Ellie Mae has granted the underwriters a 30-day option to purchase up to an additional 465,245 shares of its common stock on the same terms and conditions, solely to cover over-allotments, if any. Ellie Mae intends to use the net proceeds from this offering for working capital and general corporate purposes, which may include the acquisition of, or investment in, technologies, solutions or businesses that complement the Company’s business. Ellie Mae will not receive any proceeds from the sale of common stock by the selling stockholders. The offering is expected to close on or about July 3, 2012, subject to customary closing conditions. William Blair & Company, L.L.C. and JMP Securities LLC are acting as joint book-running managers of the offering. Needham & Company, LLC, Oppenheimer & Co. Inc., D.A. Davidson & Co. and Wunderlich Securities, Inc. are acting as co-managers of the offering.  Full Article

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