LogMeIn Q4 2013 revenue up 22%

LogMeIn, Inc. (NASDAQ: LOGM) reported that for the fourth quarter of 2013, total revenue increased 22 percent to USD45.2m from USD37.0m reported in the fourth quarter of 2012.

Non-GAAP net income for the fourth quarter of 2013 was USD3.9m, or USD0.16 per diluted share. Non-GAAP net income excludes USD4.8m in stock compensation expense, USD738,000 in patent litigation related expense and USD613,000 in acquisition related costs and amortization. This compares to non-GAAP net income of USD6.0m, or USD0.24 per diluted share, reported in the fourth quarter of 2012.

GAAP net loss for the fourth quarter of 2013 was USD459,000, or USD0.02 per diluted share, as compared to GAAP net income of USD2.2m, or USD0.09 per diluted share, reported in the fourth quarter of 2012.

For fiscal year 2013, revenue increased 20 percent to USD166.3m from USD138.8m in 2012.

LogMeIn transforms the way people work and live through secure connections to the computers, devices, data, and people that make up their digital world. The company is headquartered in Boston´s Innovation District with offices in Australia, Hungary, India, Ireland, and the UK.

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