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SAN MATEO, May 07, 2020 (GLOBE NEWSWIRE through COMTEX) — Aggregation letters almanac acquirement of $88.3 million, an entry of 29% year-over-year

SurveyMonkey, a arch all-around assay software program firm, in the present day seem that its ancestor firm, SVMK Inc. (Nasdaq: SVMK), seem aboriginal division banking after-effects for the aeon concluded March 31, 2020.

“SurveyMonkey’s artefact condo is abnormally positioned to recommendation our barter cross this aeon of uncertainty. Listening to stakeholder acknowledgment and demography exercise is a high antecedence for authoritative leaders in ambiguous instances. The after-effects we delivered this division intensify the adeptness of a bazaar arch solid and alive software program options that bear quantity and after-effects with velocity,” stated Zander Lurie, arch controlling administrator at SurveyMonkey. “In Q1, we accustomed world-class companies together with Kraft Heinz, Unilever, Informatica, Darden Restaurants, and Travix to our rising roster. We assortment 29% year-over-year acquirement advance and alien essential new articles for Chump Experience and Bazaar Assay prospects. The mixture of our abiding subscription-based enterprise archetypal commutual with our price-disruptive options supplies for a in a position basis in any bread-and-butter surroundings. Our aggregation is dedicated to confined our greater motion and authorities barter with packaged options and casework as able-bodied as affair the wants of our SMB and nonprofit viewers with templates and adjustable packages. I’m heartened by our centered motion and in a position antithesis sheet, and I’m assured we’ll seem an alike stronger aggregation on the added ancillary of this bloom and bread-and-butter disaster.”

Q1 2020 Key After-effects

Q1 2020 Business Highlights

SurveyMonkey acquaint a actor letter with full aboriginal division 2020 banking after-effects and administration annotation on its dealer relations web site at investor.surveymonkey.com.

Financial Angle

Given the added ambiguity within the macroeconomic surroundings, SurveyMonkey is abandoning its previously-issued abounding yr 2020 banking outlook. The aggregation will abide to accommodate annual recommendation and expects to acknowledgment to accouterment abounding yr recommendation already the pandemic’s appulse on its enterprise turns into clearer.

For the added division of 2020, SurveyMonkey presently expects the next:

The aggregation expects basal and adulterated abounding boilerplate shares excellent to be about 139 actor for the added division 2020. For a plentiful account of the Company’s non-GAAP measures, amuse accredit to the addendum space of this columnist launch.

Conference Alarm Advice

SurveyMonkey chief administration will host a appointment alarm in the present day to altercate the Company’s Q1 2020 banking outcomes. This alarm is appointed to activate at 2:00 pm PT / 5:00 pm ET and will be accessed by dialing (866) 417-2046 or (409) 217-8231. To settle for to a alive audio webcast, amuse appointment SurveyMonkey’s Broker Relations web site at investor.surveymonkey.com. A epitomize of the audio webcast can be attainable on the aloft web site afterward the decision. A telephonic epitomize can be attainable by way of May 14, 2020 by dialing (855) 859-2056 or (404) 537-3406 and coming into passcode 7289852#.

Upcoming Events

Senior administration is appointed to current on the afterward basal dealer conferences:

A alive webcast of the appointment shows can be attainable from the SurveyMonkey dealer relations web site at investor.surveymonkey.com. Afterward the occasion, a epitomize can be fabricated attainable on the aloft location.

About SurveyMonkey

SurveyMonkey is a arch all-around assay software program aggregation on a mission to adeptness the curious. The firm’s belvedere empowers over 17 actor alive customers to admeasurement and settle for acknowledgment from workers, prospects, web site and app customers, and the market. SurveyMonkey’s merchandise, motion options and integrations accredit added than 335,000 organizations to interrupt circadian challenges, from carrying greater chump adventures to accretion agent retention. With SurveyMonkey, organizations in regards to the apple can remodel acknowledgment into enterprise intelligence that drives advance and innovation.

Investor Relations Contact:

Gary J. Fuges, CFA

[email protected]

Media Contact:

Lara Sasken

[email protected]

Source: SurveyMonkey Inc.

(1) Includes stock-based compensation, web of quantities capitalized as follows:

(2) Includes acquittal of accretion summary property as follows:

(1) Amuse see Addendum A for account of non-GAAP measures used.

(2) Due to the abounding appraisal allowance on our US deferred tax property, there have been no tax furnishings related to the Non-GAAP changes for stock-based compensation, web, restructuring and accretion on public sale of a clandestine aggregation funding. Non-GAAP changes have an effect on to the property tax furnishings of acquittal of acquisition-related summary property.

(1) Amuse see Addendum A for account of non-GAAP measures used.

APPENDIX A

SVMK INC.

EXPLANATION OF NON-GAAP MEASURES

To complement our abridged circumscribed banking statements, that are in a position and introduced in accordance with US GAAP (“GAAP”), we use the afterward Non-GAAP banking measures: Non-GAAP property from operations, Non-GAAP working margin, Non-GAAP web loss, Non-GAAP web accident per share, Non-GAAP gross revenue, Non-GAAP gross margin, Non-GAAP assay and growth, Non-GAAP assay and growth margin, Non-GAAP gross sales and advertising and marketing, Non-GAAP gross sales and enterprise margin, Non-GAAP accepted and administrative, Non-GAAP accepted and authoritative margin, tailored EBITDA, chargeless banknote breeze and unlevered chargeless banknote stream. Our analogue for anniversary Non-GAAP admeasurement acclimated is supplied under, a couple of limitation of Non-GAAP banking measures are that they don’t settle for appropriate definitions. Accordingly, our definitions for Non-GAAP measures acclimated will acceptable alter from analogously blue-blooded Non-GAAP measures acclimated by added firms thereby connected comparability.

With commendations to the Non-GAAP recommendation supplied above, a adaptation to the agnate GAAP quantities are usually not supplied because the altitude of assertive objects afar from anniversary corresponding Non-GAAP measure, which can be important, can’t be analytic affected or predicted at the moment afterwards absurd efforts. For instance, the Non-GAAP acclimation for stock-based benefit expense, web, requires added inputs corresponding to cardinal of shares accepted and bazaar quantity that aren’t presently ascertainable.

Non-GAAP property from operations, Non-GAAP working margin: We confirm Non-GAAP property from operations as GAAP accident from operations excluding stock-based compensation, web, acquittal of accretion summary property and restructuring. Non-GAAP working allowance is genuine as Non-GAAP property from operations disconnected by income.

Non-GAAP web loss, Non-GAAP web accident per share: We confirm Non-GAAP web accident as GAAP web accident excluding stock-based compensation, web, acquittal of accretion summary property, restructuring and accretion on public sale of a clandestine aggregation funding. Non-GAAP web accident per allotment is genuine as Non-GAAP web accident disconnected by the weighted-average shares excellent.

Non-GAAP gross revenue, Non-GAAP gross margin: We confirm Non-GAAP gross accumulation as GAAP gross accumulation excluding stock-based compensation, web and acquittal of accretion summary property. Non-GAAP gross allowance is genuine as Non-GAAP gross accumulation disconnected by income.

Non-GAAP assay and growth, Non-GAAP assay and growth margin: We confirm Non-GAAP assay and growth as GAAP assay and growth excluding stock-based compensation, web. Non-GAAP assay and growth allowance is genuine as Non-GAAP assay and growth disconnected by income.

Non-GAAP gross sales and advertising and marketing, Non-GAAP gross sales and enterprise margin: We confirm Non-GAAP gross sales and enterprise as GAAP gross sales and enterprise excluding stock-based compensation, web and acquittal of accretion summary property. Non-GAAP gross sales and enterprise allowance is genuine as Non-GAAP gross sales and enterprise disconnected by income.

Non-GAAP accepted and administrative, Non-GAAP accepted and authoritative margin: We confirm Non-GAAP accepted and authoritative as GAAP accepted and authoritative excluding stock-based compensation, web. Non-GAAP accepted and authoritative allowance is genuine as Non-GAAP accepted and authoritative disconnected by income.

We use these Non-GAAP measures to investigate and appraise our working after-effects past intervals in adjustment to manage our enterprise, for functions of chargeless controlling and chief administration allurement compensation, and for allotment and growing our cardinal working plans. We settle for that these Non-GAAP measures accommodate advantageous recommendation about our working outcomes, improve the all-embracing compassionate of our completed banking accomplishment and approaching prospects, and acquiesce for larger accuracy with account to key metrics acclimated by our administration in evaluating our banking accomplishment and for operational lodging making, however they aren’t meant to be suggested in abreast or as a appearing for commensurable GAAP measures and needs to be apprehend alone in affiliation with our abridged circumscribed banking statements in a position in accordance with GAAP.

We settle for afar the aftereffect of the afterward objects from the aloft Non-GAAP measures as a result of they’re non-cash and/or are non-recurring in attributes and since we settle for that the Non-GAAP banking measures excluding this account accommodate allusive added recommendation apropos operational accomplishment and liquidity. We added settle for this admeasurement is advantageous to traders in that it permits for larger accuracy to assertive band objects in our banking statements and facilitates comparisons to precise working after-effects and comparisons to affiliate working outcomes. An outline of the Non-GAAP changes for the aloft measures is as follows:

For added recommendation on the Non-GAAP banking measures, amuse see the “Reconciliation of GAAP to Non-GAAP Data” space of this columnist launch. The accompanying tables accommodate capability on the GAAP banking measures which are greatest anon commensurable to the Non-GAAP banking measures and the accompanying reconciliations amid these banking measures.

Free banknote stream: We confirm chargeless banknote breeze as GAAP web banknote supplied by working actions beneath purchases of acreage and equipment and capitalized internal-use software program. We accede chargeless banknote breeze to be an essential admeasurement as a result of it measures our clamminess afterwards deducting basal expenditures for purchases of acreage and equipment and capitalized software program growth prices, which we settle for supplies a added genuine look of our banknote bearing and banknote attainable to abound our enterprise. We apprehend to perform absolute chargeless banknote breeze over the continued time period. Chargeless banknote breeze has limitations as an analytic software, and it shouldn’t be suggested in abreast or as a appearing for assay of added GAAP banking measures, corresponding to web banknote supplied by working actions. Some of the restrictions of chargeless banknote breeze are that chargeless banknote breeze doesn’t mirror our approaching acknowledged commitments and could also be affected abnormally by added firms in our trade, connected its account as a allusive measure.

Safe Harbor Account

“Safe Harbor” account beneath the Clandestine Securities Action Reform Act of 1995: This columnist absolution might accommodate superior statements about our banking outlook, excellent shares, merchandise, together with our investments in merchandise, expertise and added key cardinal areas. The accomplishment of the affairs coated by such superior statements entails dangers, uncertainties and assumptions. If any of those dangers or uncertainties actualize or if any of the assumptions show incorrect, the corporate’s after-effects might alter materially from the after-effects bidding or adumbrated by the superior statements the aggregation makes.

The dangers and uncertainties referred to aloft accommodate – however are usually not sure to – dangers accompanying to the COVID-19 coronavirus pandemic, our adeptness to soak up and development prospects; our acquirement advance fee; our model; our enterprise methods; our self-serve enterprise mannequin; the breadth of our gross sales cycles; the advance and growth of our salesforce; aegis measures; expectations apropos our adeptness to acceptable and finer calibration and acclimate absolute expertise and association basement to make sure that our articles and casework are attainable always; competitors; our debt; acquirement recognition; our adeptness to manage our development; our adeptness and expertise; our abstracts facilities; privateness, aegis and abstracts alteration considerations, as able-bodied as modifications in rules, which might appulse our adeptness to serve our barter or abbreviate our monetization efforts; motion and authoritative points; expectations apropos the acknowledgment on our cardinal investments; beheading of our affairs and techniques, together with with account to adaptable articles and look and amplification into new areas and companies; our all-embracing operations; bookish property; the equipment of U.S. and all-embracing tax legal guidelines on our tax anatomy and any modifications to such tax legal guidelines; acquisitions we settle for fabricated or might accomplish sooner or later; the quantity animation of our accepted inventory; and accepted bread-and-butter situations.

Further recommendation on these and added components that might have an effect on our banking after-effects are included in abstracts filed with the Securities and Barter Commission every now and then, together with the world advantaged “Risk Factors” within the Annual Report on Form 10-Q that can be filed for the division concluded March 31, 2020, which needs to be apprehend in affiliation with these banking outcomes. These abstracts are or can be attainable on the SEC Filings space of our Broker Relations web site folio at investor.surveymonkey.com. All recommendation supplied on this absolution and within the equipment is as of May 7, 2020, and we undertake no obligation to amend this data.

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Is there a botheration with this columnist launch? Acquaintance the antecedent supplier Comtex at [email protected]. You can moreover acquaintance MarketWatch Chump Service through our Chump Center.

(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

The MarketWatch News Department was not advanced within the conception of this content material.

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