Endurance International Group Q3 2013 revenue up 59%

Endurance International Group Holdings, Inc. (NASDAQ: EIGI) said its third quarter 2013 revenue increased 59 percent to USD132.9m compared to USD83.4m for the third quarter of 2012.

Adjusted EBITDA increased 36% to USD50.3m compared to USD37.1m for the third quarter of 2012. Net loss was USD27.0m, or USD0.28 per diluted share, compared to a net loss of USD27.7m, or USD0.29 per diluted share, for the third quarter of 2012.

The company completed its initial public offering in October 2013, selling 21,051,000 shares of common stock at an offering price of USD12.00 per share, raising gross proceeds of USD252.6m. On November 25, 2013, Endurance completed a refinancing of its bank debt. Using proceeds from its initial public offering, cash on hand and incremental first lien facilities, the company repaid its USD315m second lien term loan and secured a lower effective interest rate.

Endurance International Group is a provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online.

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