Wix 2016ix 2016
<font color="#ffff00">-==- proudly presents Nasdaq:WIX, a premier worldwide small business management tool, today announced another powerful quarterly fiscal week with results for the 4th fiscal and full year 2016. The Company also announced its preliminary guidance and guidance for financials for the first three months and the full year 2017.
The number of e-commerce subscription contracts rose to 332,000 during the course of the third quarter. 1,332,000 e-commerce subscription contracts were issued during the year. For the first three months of 2017 and the full year 2017, the Company presents its prospects as follows: Figures for the first three months of 2017: Figures for 2017 as a whole: We do not plan, as previously stated, to make or disclose any underlying estimates of our cash flow before changes in working capital (EBITDA) in anticipation of or in anticipation of the U.S. Securities and Exchange Commission's May 2016 compliance and disclosure interpretations on non-GAAP key financials, beginning with our announcement of results for the first three months of 2017.
Free Cashflow will remain an important non-GAAP indicator of our businesses. You can find a transition of underlying EBITDA to free cashflow in our Shareholder Update on our Investor Relation page. Offset on Wednesday, February 15, 2017 to respond to Q4 2016 related queries regarding the Company's results of operations and finances.
During the teleconference, a brief opinion will be given by senior executives, who will concentrate on responding to our results during the course of the fiscal year. The telephone call may be repeated until 23:59 ET on February 22, 2017 at 855-859-2056 (USA/Canada) or 404-537-3406 (International) with Conferencing ID 60437734.
General Manager Joe Pollaro, US, will present EST at Cantor Fitzgerald's fourth annual Internet & Technology Services Conference in New York on Thursday, February 23, 2017 at 9:50am and PST at the JMP Securities Technology Conference in San Francisco on Monday, February 27, 2017 at 3:00pm. In addition to the U.S. GAAP preparation and presentation, Wix uses the following non-GAAP key financials: collection, collection and revenues on a constant currency exchange rate bases, underlying EBITDA, non-GAAP net operating loss, free cash flow, net non-GAAP losses and net non-GAAP losses per common share together (collectively, the "non-GAAP key financials").
Collection is the sum of the amount of money we receive from our clients in a given timeframe and is the sum of the changes in accrued income for a given timeframe and income for the same timeframe. The non-GAAP net loss is the GAAP net income excluding the effects of stock-based compensation, depreciation, amortisation and acquisition-related charges.
Net non-GAAP net income is net loss computed in accordance with generally accepted accounting principles, net of the effects of stock-based compensation, amortisation and acquisition-related cost. Net non-GAAP net income per common stock is net non-GAAP net loss multiplied by the number of common stock equivalents used to calculate net basic and diluted common stock equivalents (GAAP) net losses per common stock. EBITDA before special items is EBITDA before interest, tax, depreciation and amortisation (EBITDA). EBITDA before goodwill amortisation is EBITDA before interest, tax, depreciation and amortisation (EBITDA). EBITDA before goodwill amortisation (EBITDA) is EBITDA before interest, tax, depreciation and amortisation.
The free cash-flow is the net amount of net funds from operations less investments. As of our announcement of results for the first quarter of 2017, we do not plan to publish our underlying estimates of future results or to make a forecast for the future. For 2016 and 2015, underlying earnings before interest, taxes, depreciation and amortization (EBITDA) in this press release have been presented on the same bases.
Disclosure of this information is not meant to be viewed in isolation or as a replacement for or supersede information presented in accordance with accounting policies. We use these non-GAAP key financials to make our accounting and operating decisions and as a means of evaluating comparatives between periods.
We believe that it provides useful information about our operations, improves the overall view of past results and outlook, and provides greater visibility into the most important indicators used by our managers in their decisions on finance and operations. More information on non-GAAP measure can be found in the Transition from Generally Accepted Accounting Principles to Non-GAAP Measure chart in this news release.
The attached chart provides further detail on the key financials in accordance with IFRS that are most similar to non-GAAP financials and the corresponding reconciliations between them. Since the Group has not provided free cash flow guidance for operating activities, it has not aligned it with operating activities until now.
The Company is not in a position to make such disclosures because positions affecting net operating profit are beyond the Company's reasonable management and/or financial controls. Accordingly, a transition to net cash provided by operating activities is not possible without undue expense. Key risks and uncertainties that could cause our true results to differ materially from those described in the forward-looking forward-looking statements are, among others, our inability to expand our subscriber base and our subscription plans; our ability to retain and improve our trademark and our image; our capacity to efficiently drive the expansion of our infrastructures; changes in technology used in our products or in our solution or in our overall solution or our worldwide, domestic, regional and/or even our domestic commercial, commercial, competitive, competitive, free market, regulative and other performance measures, which are described under the caption "Risk Factors" in the Company's 2015 Annual Review on Form 20, which is available on our website at
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31 December, 31 December, adjustments: 31 December, 31 December, Wix. com Ltd. 31 December, 31 December, BUSINESS ACTIVITIES: Reconciliation of net income to net cash provided by current operations: 31 December, 31 December, Investor Relations: