Key Developments: OpenTable Inc (OPEN.O)
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18 Jun 2013
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Latest Key Developments (Source: Significant Developments)
OpenTable Inc Acquires JustChalo Inc
OpenTable Inc announced that it has acquired JustChalo Inc., a mobile technology company, pursuant to a stock and cash merger, with a transaction value of approximately $11 million based on the closing price of OpenTable stock on June 7, 2013. Full Article
OpenTable Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates; Lowers FY 2013 Revenue Guidance; Narrows FY 2013 EBITDA Guidance; Raises FY 2013 EPS Guidance
OpenTable Inc announced that for the second quarter of 2013, the Company expects revenue to be in the range of $44.9 million to $46.2 million, non-GAAP adjusted EBITDA to be in the range of $19.6 million to $20.8 million, GAAP EPS to be in the range of $0.30 to $0.33 and non-GAAP EPS to be in the range of $0.45 to $0.49. For fiscal 2013, it expects revenue to be in the range of $185.3 million to $190.9 million, non-GAAP adjusted EBITDA to be in the range of $80.9 million to $86.0 million, GAAP EPS to be in the range of $1.33 and $1.47 and non-GAAP EPS to be in the range of $1.88 to $2.02. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $46 million, EBITDA of $20 million and EPS of $0.46 for the second quarter of 2013; revenue of $189 million, EBITDA of $83 million and EPS of $1.93 for fiscal 2013. Full Article
OpenTable Inc Issues Q1 Guidance; Earnings Guidance Below Analysts' Estimates; Issues FY 2013 Guidance In Line With Analysts' Estimates
OpenTable Inc announced that for the first quarter of 2013, it expects revenue to be in the range of $44.7 million to $46.1 million, non-GAAP adjusted EBITDA to be in the range of $16.9 million to $18.6 million, GAAP EPS to be in the range of $0.25 to $0.29 and non-GAAP EPS to be in the range of $0.39 to $0.44. . For fiscal 2013, it expects consolidated basis the Company estimates revenue to be in the range of $186.1 million to $193.1 million, non-GAAP adjusted EBITDA to be in the range of $79.7 million to $86.5 million, GAAP EPS to be in the range of $1.27 and $1.45 and non-GAAP EPS to be in the range of $1.79 to $1.96. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $46 million, EBITDA of $20 million and EPS of $0.46 for the first quarter of 2013; revenue of $189 million, EBITDA of $83 million and EPS of $1.93 for fiscal 2013. Full Article
OpenTable Inc To Acquire Foodspotting
OpenTable Inc announced that it has entered into a definitive agreement to acquire Foodspotting, an app for finding and sharing great dishes at restaurants, for approximately $10 million in cash pursuant to a stock purchase agreement. Full Article
OpenTable Inc Issues Q4 2012 Guidance; Narrows FY 2012 Revenue Guidance; Raises FY 2012 Earnings Guidance
OpenTable Inc announced that for the fourth quarter of 2012, it expects consolidated basis the Company estimates revenue to be in the range of $41.5 million to $43.1 million, non-GAAP adjusted EBITDA to be in the range of $17.7 million to $19.4 million and non-GAAP EPS to be in the range of $0.41 to $0.45. For fiscal 2012, it expects consolidated basis the Company estimates revenue to be in the range of $160.2 million to $161.8 million, non-GAAP adjusted EBITDA to be in the range of $69.0 million to $70.8 million and non-GAAP EPS to be in the range of $1.64 to $1.68. Full Article
Open Table Inc Announces $50 Million Share Repurchase
Open Table Inc announced that its Board of Directors has approved a $50 million share repurchase. Under the share repurchase, OpenTable is authorized to repurchase up to $50 million of its outstanding shares of common stock. Any share repurchases made pursuant to the program will be made from time to time in the open market, in privately negotiated transactions or otherwise. The timing and amount of any shares repurchases will be determined by the Company's management based on its evaluation of market conditions, the trading price of the stock, regulatory requirements and other factors. The Company expects to fund the share repurchase program through cash and short-term investments. The share repurchase program may be suspended, modified or discontinued at any time at the Company's discretion without prior notice. This press release is neither an offer to purchase nor a solicitation of an offer to sell any securities. Full Article
Open Table Inc Issues Q3 2012 Guidance In Line With Analysts' Estimates; Lowers Low End Of Prior FY 2012 Revenue And EBITDA Guidance In Line With Analysts' Estimates; Lowers FY 2012 EPS Guidance
Open Table Inc announced that for third quarter of 2012, it expects revenue to be in the range of $39.1-$40.2 million, non-GAAP adjusted EBITDA to be in the range of $15.0-$16.4 million and non-GAAP EPS to be in the range of $0.34-$0.38. For fiscal 2012, it expects revenue to be in the range of $160.0-$164.0 million, non-GAAP adjusted EBITDA to be in the range of $66.0-$70.5 million and non-GAAP EPS to be in range of $1.54-$1.66. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $39.8 million, EBITDA of $16.1 million and EPS of $0.37 for third quarter of 2012; revenue of $161.7 million, EBITDA of $67.5 million and EPS of $1.57 for fiscal 2012. Full Article
Open Table Inc Issues Q2 2012 Guidance; Revenue And EBITDA Guidance Below Analysts' Estimates; Issues FY 2012 Guidance; Revenue Guidance Below Analysts' Estimates
Open Table Inc announced that for second quarter of 2012, it expects revenue to be in the range of $38.5 million to $39.8 million, non-GAAP adjusted EBITDA to be in the range of $15.5 million to $16.8 million and non-GAAP earnings per share (EPS) to be in the range of $0.36 to $0.39. For fiscal 2012, it expects revenue to be in the range of $158 million to $164 million, non-GAAP adjusted EBITDA to be in the range of $65 million to $70.5 million and non-GAAP EPS to be in the range of $1.49 to $1.64. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $41 million, EBITDA of $16.6 million and EPS of $0.37 for second quarter of 2012; revenue of $168 million EBITDA of $69 million and EPS of $1.53 for fiscal 2012. Full Article
Open Table Inc Introduces App For Kindle Fire
Open Table Inc announced that it has expanded its portfolio of mobile products with the introduction of an app for Kindle Fire. The OpenTable Inc app for Kindle Fire enables users to find and book available tables at nearby restaurants. Diners can instantly refine their search by neighborhood, cuisine and price. They can also access photos, maps, menus and parking information, along with one of the features: reviews from verified OpenTable diners. Full Article
Gordon Ramsay Holdings Selects Open Table Inc Reservation System For All UK Restaurants
Gordon Ramsay Holdings has announced that the group will adopt OpenTable, the provider of reservation and guest management solutions for restaurants, in all of its UK restaurants. Gordon Ramsay UK restaurants will manage their phone, walk-in and online reservations using the OpenTable Electronic Reservation Book at each location. In addition, OpenTable will power real-time, online reservations from the GordonRamsay.com website as well as through bookings from its popular restaurant-reservation website, toptable.com, and through its extensive network of partners. Full Article
UPDATE 2-OpenTable's results beat estimates; bets on smartphones
Feb 7 - U.S. online restaurant reservation service provider OpenTable Inc reported quarterly results that beat analysts' estimates, helped by an increase in the number of seated diners, and the company expects mobile devices to drive more revenue.
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