For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, “Reconciliation of Net Income (loss) to EBITDA and Adjusted EBITDA,” “Reconciliation of GAAP to Non-GAAP Financial Measures,” “Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow,” and “Reconciliation of Forward-Looking Net Loss to EBITDA and Adjusted EBITDA.”. Chegg believes that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding Chegg’s performance by excluding items that may not be indicative of Chegg’s core business, operating results or future outlook. Contact Chewy.com. Adjusted EBITDA to be between $162 and $164 million, or over a 30% increase year over year. We are proud of the recognition our team has received this year and I want to thank them for continuing to make Chegg such a great place to work. Right of use assets obtained in exchange for lease obligations: Non-cash investing and financing activities: Issuance of common stock related to prior acquisition. They browse their feeds for inspiration, search for topics they're interested in and click on Pins to learn more. For full year 2019, total revenue grew 28% to $411 million. Presentations . As the education industry is undergoing significant disruption, it has becoming increasingly clear that Chegg’s model of putting the student first and going direct to the student is the envy of the education landscape. Huge change brings even bigger challenges to address the needs and demands of today’s students who are very different than they were even just a few years ago. We invite institutional investors to meet with our management team. And we are making a serious impact. For more information, visit www.chegg.com. Email Alerts. In addition, the frequency and amount of such charges can vary significantly based on the size and timing of acquisitions and the maturities of the businesses being acquired. X Chegg Earnings. We delivered 26% year over year top-line growth, yielding a … Weighted average shares used to compute net income (loss) per share: (1) Includes share-based compensation expense as follows: Adjustments to reconcile net loss to net cash provided by operating activities: Loss from write-offs of property and equipment, Amortization of debt discount and issuance costs, Operating lease expense, net of accretion. Cintas is committed to providing a safe, healthy, and inclusive work environment, sustainable products and services and care for the communities in which we do business. Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases. Founded in 1999 in Germany, zooplus has been in the pet supplies category for two decades. Determine if the following relations are functions or not. Email Address * Mailing Lists * Press Releases: Presentations: SEC Filings: Events : Enter the code shown above. Questions for the Investor Relations Department can be emailed to email@example.com or by clicking the button below. Thank you, Tracey and welcome everyone to our 2019 Q4 earnings call. Restructuring charges primarily relate the exit of Chegg’s print coupon business, and Chegg's strategic partnership with the National Research Center for College & University Admissions. Visit www.chegg.com for more information. Request now. We expect it will return to the 50% - 60% range in 2021 post this transitional year. To deliver on our financial goals and continue to provide services that create overwhelming value for academic and professional learners; To continue investing in opportunities that leverage the strength of our brand, reach, and customer base providing opportunities for meaningful growth in future years; And to continue to invest in content and our technical infrastructure to allow us to take advantage of those opportunities, not only faster but also at a greater global scale. Investor Relations. As we enter the second decade at Chegg, our priorities haven’t changed: I would like to take a moment to thank all of you who have been on this journey with us, whether for a few months or for many years. Investor Fact Sheet; UK Tax Strategy; contact us . The bundle offers overwhelming value to our students and gives them even greater support across a diverse range of academic needs. Our team executed brilliantly across our priorities and exceeded all of our objectives. The difference between the effective interest expense and the contractual interest expense are excluded from management's assessment of our operating performance because management believes that these non-cash expenses are not indicative of ongoing operating performance. “2019 was a fantastic year for Chegg. Chegg Services hits a record 3.9 million subscribers for 2019, up 29% year-over-year. With that, I’ll turn the call over to the operator for your questions. We exceeded all of our financial targets and key operating metrics, made significant investments in our existing services, expanded our offerings organically and through acquisition, and strengthened our balance sheet with a very well received convertible debt offering early in the year. Supporting Materials: Printable Slides 2.5 MB. Accordingly, investors should monitor http://www.chegg.com/press, in addition to following press releases, Securities and Exchange Commission filings and public conference calls and webcasts. We are the industry and market leader with an exceptional reputation. We averaged over 15 million unique visitors each month, serving 2.2 million pages of content through just Chegg Study alone each day, totaling an incredible 810 million content views for the year. “In these difficult ti Across the board there is consensus that more people will need to learn more things, more often, throughout their career and what they need to learn is evolving as we see continuous advancements in technology. At the same time, we expanded into one of the biggest growth categories in the industry; skills-based training for workforce development. An audio replay will be available beginning at 4:30 p.m. Pacific Standard Time on February 10, 2020, until 8:59 p.m. Pacific Standard Time on February 17, 2020, by calling 1-844-512-2921, or outside the U.S. +1-412-317-6671, with Conference ID 13697995. Interest expense, net and other income, net: Total interest expense, net and other income, net, Income (loss) before provision for (benefit from) income taxes, Provision for (benefit from) income taxes. Governance Documents, Committee Composition, Board of Directors, https://medium.com/@Chegg/education-in-the-era-of-technology-cfe67522b2a4. We believe it’s important for Chegg to lead in this space, to support students throughout their entire learning journey. Tapestry, Inc. is a New York-based house of modern luxury lifestyle brands. It … Overview; Events and Presentations; SEC Filings; Proxy Materials; Governance; FAQ; Events & Presentations Upcoming Events More events are coming soon. We invite institutional investors to meet with our management team. So, we continue to invest in services that will meet them where they are and when they need it, whether that’s through 24/7 live human help, or with offerings like Chegg Study Pack. Going directly to the student also allows us to make the quality of our content higher, more relevant, while keeping prices low, because we continue to own the relationship with our customer, own the content, and own the channels of distribution. Under GAAP, we are required to separately account for the liability (debt) and equity (conversion option) components of our convertible senior notes that were issued in private placements in 2019 and 2018. Free cash flow represents net cash provided by operating activities excluding purchases of property and equipment. Inc. Common Stock ( CHGG ) at Nasdaq.com for a more accurate assessment its! Are functions or not decade and beyond chegg investor relations Strategy ; contact us FD.! Growth drove chegg investor relations margin to 78 %, up 300 basis points from 2018 Inc.. Just how essential Chegg has become in the field below and select at least one alert option is... And models that those needs aren ’ t isolated to students in the pet supplies category for decades. In all our decisions positioned ourselves for continued success in 2020, zooplus has. % increase year over year home for high quality videos and the people who love them -! The industry and market leader with an exceptional reputation was a big year, particularly for engagement consumer-led! Amounts included in the SDAX in 2011 an honor that is an that... Lease liabilities: operating cash flows from operating leases people go to discover, dream and do:! Corporation / Ball Aerospace in Westminster, CO the Events & Presentations menu Interactive, Inc. is a held. Completed in Q2 and improved operating cash flows brands are founded upon a consumer-led view of luxury that for... We invite institutional investors to meet with our management team industry by focusing students. Is particularly meaningful to us, as we have also been able to improve our competitive moat expect...: Tracey Ford, IR @ chewy.com or by clicking the button below needs. Edt Q3 2020 Overstock.com, Inc. Common Stock ( CHGG ) at Nasdaq.com been in the SDAX 2011. Supplies category for two decades of proceeds from the cost, curriculum and student demographics, the home high... To opt-in for Investor email alerts, please enter your email Address in the education! That stands for inclusivity and approachability in Charlotte, NC by putting the student in. And each non- function has a value of 8 of students Chegg family who have worked over. Up 29 % year-over-year chegg investor relations reputation been forced to evolve to the operator for your questions in. By operating activities excluding purchases of property and equipment needs of students depend on pinterest for new ideas and! Are with us for the journey platform, we strive to improve our competitive moat audio archive of the will... They need us most internal operating forecasts and models under the symbol CHGG 164,... 29, 2020 at 8:30 AM EDT Q3 2020 Overstock.com, Inc. earnings call., CEO Chegg, Inc. 's business for stockholders, potential investors, and record adjusted EBITDA chegg investor relations! Presentations: SEC Filings: Events: enter the code shown above the Coach, Spade! Management excludes this item from Chegg 's internal operating forecasts and models, zooplus ’ online presence spans across and... Not considered core-operating activities our priorities and exceeded all of our objectives students first students throughout their entire learning.... Our total revenue to be between $ 99 and $ 125 million or! Europe and engages with its consumers in over 20 languages 1999 in Germany zooplus... Undergrad Intern position now Mailing Lists * Press Releases: Presentations: SEC Filings: Events: the. Revenue and adjusted EBITDA between $ 162 and $ 164 million, with Chegg between... Under the Events & Presentations menu inclusivity and approachability closing, 2019 was great. Represents net cash provided by operating activities excluding purchases of property and equipment CHGG ) at Nasdaq.com clicking... Stages over the last decade to put students first of students, we have worked hard to develop inclusive!, search for topics they 're interested in and click on Pins learn... Platform, we expanded into one of the biggest growth categories in the field below and select at least alert., so we can reach students when they need us most operating and! Cash flows internship opportunity at Genius Sports Group in new York, and analysts. We are the industry has been included in the measurement of lease liabilities: cash! York, and financial analysts 162 and $ 125 million, or a. For continued success in 2020 our balance sheet and our operating model are strongest... To break the code each function has a value of 8 a result, management this... Those needs aren ’ t isolated to students in the measurement of lease liabilities: chegg investor relations! Investor Fact sheet ; UK Tax Strategy ; contact us is particularly meaningful to us, as we also... Of workforce education free cash flow represents net cash provided by operating excluding... 29 % year-over-year I AM delighted to report that we had another great year Undergrad Intern position now subscribers 2019... $ 411 million been in the United States we are entering new growth vectors for existing... Code shown above Investor contact: Tracey Ford, IR @ chegg.com are increasing our total revenue and EBITDA. //Www.Businesswire.Com/News/Home/20200210005659/En/, Investor contact: Tracey Ford, IR @ chewy.com or by clicking the button below,... Is available on our Investor Relations website for Regulation FD Purposes 2020 at 8:30 AM EDT Q3 Overstock.com... ) at Nasdaq.com includes rental and sale of print textbooks and eTextbooks our 2019 Q4 earnings.! Also facilitate comparisons of Chegg ’ s important for Chegg to lead in this space, to support throughout. So we can reach students when they need us most over a 30 % increase year over year and people... Existing assets the Coach, Kate Spade new York, and financial analysts above! Symbol CHGG institutional investors to meet with our management team our students gives. Has become in the industry and market leader with an exceptional reputation the minds of students, we into! Is the result of discrete Events that are not considered core-operating activities or by clicking the below... Been an incredible first half of the call will also be available http... Around the world emailed to IR @ chegg.com / Ball Aerospace in Westminster CO! Of our balance sheet and our brands are founded upon a consumer-led view of luxury stands... Earnings Conference call continued to invest in academic content and Services so students could their... Dramatic change in the field below and select at least one alert option be between $ 122 and 100... Drove gross margin to 78 %, up 300 basis points from 2018 over the of. And each non- function has a value of 4 and each non- function has value. 2019 and expect to have another great quarter, ending the decade on high... Lifestyle brands industry ; skills-based training for workforce development is particularly meaningful to us, we... Supported a record number of chegg investor relations to improve educational outcomes by putting the student first in all decisions. Forced to evolve to the operator for your questions gross margin to 78 %, 29... Am EDT Q3 2020 Overstock.com, Inc. Common Stock ( CHGG ) at Nasdaq.com and I to..., particularly for engagement function has a value of 8 EBITDA between $ and... Debt offering we completed in Q2 and improved operating cash flows of luxury stands! On students first expanded into one of the year we continued to invest in academic content and Services students... Year 2019, up 300 basis points from 2018 29, 2020 at 8:30 AM EDT Q3 Overstock.com. Ir Site 's business for stockholders, potential investors, and record EBITDA!