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TheStreet Open House

LifeLock Announces Third Quarter 2012 Results

Stocks in this article: LOCK

The risks and uncertainties referred to above include, but are not limited to, risks associated with LifeLock’s ability to achieve or maintain profitability on an annual basis; LifeLock’s ability to protect its customers’ confidential information; LifeLock’s ability to maintain and enhance its brand recognition and reputation; the competitive nature of the industries in which LifeLock conducts its business; LifeLock’s ability to maintain access to data sources; LifeLock’s ability to retain its existing customers and attract new customers; LifeLock’s ability to improve its services and develop and introduce new services with broad appeal; LifeLock’s ability to maintain existing and secure new relationships with strategic partners; the effects of laws, regulations, and enforcement; the outcome of any litigation or regulatory proceeding; LifeLock’s ability to protect its intellectual property and not infringe on the intellectual property of others; and other “Risk Factors” set forth in LifeLock’s most recent filings with the Securities and Exchange Commission.

Further information on these and other factors that could affect LifeLock’s financial results and the forward-looking statement in this press release is included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in LifeLock’s prospectus included in its Registration Statement on Form S-1, as amended, copies of which may be obtained by visiting LifeLock’s Investor Relations website at http://investor.lifelock.com/ or the SEC's website at www.sec.gov.

LifeLock, Inc. assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

Non-GAAP Financial Measures

LifeLock’s reported results include certain non-GAAP financial measures, including adjusted EBITDA, non-GAAP adjusted net income, non-GAAP adjusted net income per share, and free cash flow. Adjusted EBITDA is defined as net income (loss) adjusted for depreciation and amortization, interest expense, interest income, change in fair value of warrant liabilities, change in fair value of embedded derivative, other income (expense), income tax (benefit) expense, and share-based compensation. Non-GAAP adjusted net income is defined as net income (loss) adjusted for amortization, change in fair value of warrant liabilities, change in fair value of embedded derivatives, income tax benefit resulting from acquisitions, and share-based compensation. Non-GAAP adjusted net income per share is defined as Non-GAAP adjusted net income per share of stock assuming all preferred stock converted at the later of the start of the period or date of issuance and excluding the impact of warrants to acquire Series E and Series E-2 preferred stock. Free cash flow is defined as net cash provided by (used in) operating activities less capital expenditures, which consist of purchases of property, equipment, and software.

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