Login

LogMeIn, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Jul 29, 2020. Its latest SEC filing is a 15-12B from Sep 11, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sells cloud software for online meetings and business communications, identity and access management, and customer support to consumers, small and medium businesses, and multinational enterprises.

How Did They Make Money?

Customers pay subscription fees for premium software access, usually in advance for monthly-to-multi-year terms. Audio services may be charged at a fixed rate or by minutes used; the company also sells or leases telecommunications equipment.

FY2019 revenue

Who Were Their Customers?

Customers range from individual consumers and small and medium businesses to multinational enterprises. Sales often follow a trial and may run through e-commerce or a telephone-based sales representative; a small sales team focuses on larger organizations and strategic technology partnerships.

Did Revenues Turn Into Profits?

Not on paper. It lost $14.6M in FY2019, but brought in more cash than it spent: $325.4M of free cash flow.

Operating income, FY2019
0% of revenue
▼ Now a loss vs FY2018 ($86M, 7%)
Net income, FY2019
−1% of revenue
▼ Now a loss vs FY2018 ($74.4M, 6%)
Free cash flow, FY2019
26% of revenue
▼ −13% vs FY2018 ($373.1M, 31%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▲ +12%
vs $313.1M in Q2 FY2019
Net income
▲ Now profitable
vs −$6.5M in Q2 FY2019
  • Aug 31, 2020 Sale to Francisco Partners and Evergreen closed LogMeIn became a wholly owned subsidiary, and stockholders received $86.05 per share in cash.
  • Jun 17, 2020 LogMeIn appointed Rich Veldran as CFO He was named to replace Ed Herdiech, who had announced plans to retire in 2020.

Grew. Revenue grew 4.6x in 4 years, from $271.6M in FY2015 to $1.3B in FY2019, about 47% a year.

Who Did They Compete With?

Competes with Adobe Connect, Amazon, BlueJeans Networks, Cisco Systems, Google, Microsoft Skype, Zoom Video Communications, 8x8, AT&T, BT, Intercall, PGi, RingCentral, Verizon, Vonage, Apple, BeyondTrust, Dashlane, IBM, and Oracle

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support