Wix Results Presentation Deck
Business Outlook
The strong momentum in our business that we experienced in Q1 - which
drove us to materially increase our full year guidance - continued through
Q2, and we are excited about the second half of the year.
We are reaffirming our full year guidance for 2017:
Revenue in the range of $421 to $423 million, an increase of 45% to 46%
year over year
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Collections in the range of $473 to $477 million, representing annual
growth of 38% to 39%
- 10-
Free Cash Flow of $67 to $68 million
Non-GAAP S&M expense as a percent of collections of approximately
40% to 41% for the full year
We continue to expect our basic share count will be approximately 48 to
49 million shares outstanding and our fully diluted share count will be
roughly 57 to 58 million shares outstanding at year end
Our outlook for the third quarter of 2017 is as follows:
Revenue in the range of $109 to $110 million, representing 44% to 45%
annual growth
Annual stock-based compensation expense of approximately $39 to $40
million and capital expenditures of roughly $6 - $7 million
Collections of $117 to $118 million, representing 34% to 35% year over
year growth
Non-GAAP Financial Outlook
(In $ millions)
GAAP Revenue
% Y/Y
Collections
% Y/Y
S&M (% collections)
OpEx (% collections)
Capex
Free Cash Flow
% Collections
SBC Expense
Basic Shares O/S
Fully Diluted Shs O/S
2017
2017
(May 2017) (Re-affirmed)
$417-419
44%
$461-467
35-37%
$421-423
45-46%
$473-477
38-39%
40-41%
40-41%
70-71%
70-71%
~$6-7
~$6-7
$63-64
13-14%
$67-68
14%
~$39-40
~$39-40
48-49mn
48-49mn
57-58mn
57-58mn
Q3'17
Initial
$109-110
44-45%
$117-118
34-35%
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