LogMeIn, Inc. (Public, NASDAQ:LOGM)
About LogMeIn, Inc. (Public, NASDAQ:LOGM) LogMeIn, Inc. is a provider of ondemand, remoteconnectivity solutions to small and medium sized businesses (SMBs), information technology (IT) service providers and consumers. Businesses and IT service providers use its solutions to deliver remote, enduser support, and to access and manage computers and other Internetenabled devices more effectively.
Financials: According to results shown in bar chart, it appears that net income has decreased to $3.99 million in quarter ended as on September 30, 2010. The Largest net income was in the second quarter of the year which has increased by 76 percent as compared to first quarter of the year. LogMeIn demonstrated mix results throughout year. It started with lower income and increased in second quarter and again closed with lower net income for the year. The middle period proved to be most productive period for the LogMein.
LogMeIn generated total revenue of $25.35 million in current quarter which is slightly greater than previous quarter’s revenue of $23.49 million. Moreover, net income has gone down that resulted in lower EPS for the current quarter. The company’s cash flow from operation stood at $22.19 million as contrasted to last quarter’s cash flow from operation which was placed at $15.16 million. Increased CFO shows that company generated more cash than its expenses. According to most recent financials as on September 30, 2010 total assets mount up to $177.86 million. Return on equity and return on assets both are decreasing. Total liabilities and total equity stand at $53.37 million and $124.49 million respectively.
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