RUBI - Rubicon kills it with Adjusted EPS of $0.72 versus a $0.33 estimate. Cash increases to over $150 million. The only negative I see in the report is that they did not shift their 2016 guidance higher, which is extremely frustrating, given how badly they've beaten their forecasts in the past. I understand you want to under-promise and over-deliver, but when you're beating EBITDA guidance by 80% and EPS guidance by over 100% in a quarter, you're starting to do more harm than good. I'll listen to the conference call to see if there is an explanation. The reported numbers at face should have catapulted the share price. A bit frustrated at the moment...
Rubicon Project Posts Record Fourth Quarter and Full Year 2015 Results; Rapid Growth Delivers Full Year Profitability
Fourth quarter non-GAAP net revenue(1) of $83.7 million, an increase of 100% year-over-year
Fourth quarter GAAP revenue of $94.0 million, an increase of 125% year-over-year
Fourth quarter Adjusted EBITDA(1) of $36.0 million (a 43% Adjusted EBITDA margin(2)), an increase of 171% year-over-year
Fourth quarter non-GAAP earnings per share(1) of $0.72, an increase of 188% year-over-year
Fourth quarter net income of $20.4 million, or $0.43 per diluted share
Full year non-GAAP net revenue(1) of $227.3 million, an increase of 81% year-over-year
Full year GAAP revenue of $248.5 million, an increase of 98% year-over-year
Full year Adjusted EBITDA(1) of $59.5 million (a 26% Adjusted EBITDA margin(2)), an increase of 211% year-over-year
Full year non-GAAP earnings per share(1) of $1.08, an increase of 440% year-over-year
Full year net income of $0.4 million, or $0.01 per diluted share
