Wix Results Presentation Deck
Non-GAAP operating income was $3.5 million compared to a loss of $(3.0) million
last year as our business continues to grow, and we continue to benefit from the
flexibility and scalability of our low, fixed cost model. This quarter represents the
second of three quarters in which we generated positive non-GAAP operating
income, and we continue to expect to be profitable on a non-GAAP operating
income basis in 2017.
Free cash flow during the quarter grew to $17.4 million, which is calculated as net
cash flow provided by operating activities of $19.7 million less capital
expenditures of $2.2 million. Free cash flow increased 71% over last year and
represents the second highest quarterly amount in our history (second to Q4
2016). The execution of our business model through a combination of
efficient marketing investment and strong product development with
increasing conversion drives our ability to grow free cash flow while our
business continues to grow at such high rates.
At the end of Q2, our cash balance was $186 million, and our long term debt was
$1.2 million. We ended Q2 with 1,710 employees.
Our basic share count at the end of Q2 was approximately 45.7 million, and our
fully diluted share count was approximately 56 million shares.
-5-
Free Cash Flow (in $ Mn)
$10.2 $9.4
($2.1)
Q1'16 Q2'16
$18.7
Q3'16 Q4'16
$14.8
Q1'17
$17.4
Q2'17
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