Wix Results Presentation Deck
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We expect non-GAAP R&D expense as a percent of collections to be
approximately 25% for the full year. This reflects leverage we expect to
gain over 2016 and includes the additional R&D talent we have brought on
board to Wix and DeviantArt in recent months
We expect non-GAAP G&A expense as a percent of collections to be
approximately 7% for the full year, reflecting the ongoing growth of our
business and additional G&A expenses we have incurred this year
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We now expect share-based compensation expense for the full year of
approximately $46 to $47 million. As our stock price has increased and
our headcount has grown, we have incurred more equity compensation
expense than we originally projected
We now expect capital expenditures of roughly $9 million, which accounts
for the build out of additional space to accommodate our growing
headcount
We expect our basic share count to be approximately 46 to 47 million
shares outstanding and our fully diluted share count will be roughly 56 to
57 million shares outstanding at year end, slightly lower than we originally
guided
Looking ahead to 2018, we expect the same drivers in 2017 will fuel growth in
2018 - improved conversion from new products and continued improvements to
existing products, continued execution of our marketing strategy and increasing
momentum in our brand.
As has been our practice, we will provide specific guidance on revenue,
collections and free cash flow for 2018 during our Q4 earnings call in February.
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