Business
ZoomInfo Announces Second Quarter 2020 Financial Results
GAAP Revenue of $110.9 million Grows 62% year-over-year (40% Organic Growth) GAAP Operating Margin of (28)% and Adjusted Operating Income Margin of 49% Cash
About this update from Zoominfo Technologies Inc.
[{"type":"text","content":"\nGAAP Revenue of $110.9 million Grows 62% year-over-year (40% Organic Growth)\n\n\nGAAP Operating Margin of (28)% and Adjusted Operating Income Margin of 49%\n\n\nCash Flow from Operations of $25.3 million and Unlevered Free Cash Flow of $52.2 million\n\n VANCOUVER, Wash.--(BUSINESS WIRE)--\nZoomInfo, (NASDAQ: ZI) a global leader in go-to-market intelligence solutions, today announced its financial results for the second quarter ended June 30, 2020.\n\n\n“ZoomInfo delivered strong performance across the board, with record revenue in our first quarter as a public company,” said Henry Schuck, ZoomInfo Founder and CEO. “I’m incredibly proud of our team, and it’s thanks to their hard work that ZoomInfo’s leading go-to-market-intelligence platform helps more than 16,000 companies worldwide sell and market more effectively and efficiently.\n\n\n“We have an extraordinary opportunity ahead of us, as the need for strategic intelligence has never been greater. As companies navigate a highly complex business landscape and reimagine the way they go to market, we provide their sales and marketing teams with the right technologies, tools, and insights to hit their numbers. As a result, we’re poised to continue delivering a unique combination of revenue growth at scale and best-in-class profit margins.”\n\n\nSecond Quarter 2020 Financial and Other Recent Highlights - \n\n\nFinancial Highlights:\n\n\n\nRevenue of $110.9 million, an increase of 62% year-over-year\n\n\nAllocated Combined Receipts of $111.2 million, an increase of 40% year-over-year\n\n\nOperating loss of $31.2 million, or (28)% of revenue, and Adjusted Operating Income of $55.0 million, or 49% of Allocated Combined Receipts\n\n\nCash flows from operations of $25.3 million, and Unlevered Free Cash Flow of $52.2 million\n\n\n\nInitial Public Offering:\n\n\n\nZoomInfo listed its shares on the Nasdaq on June 4, 2020 and completed its initial public offering on June 8, 2020. ZoomInfo sold 51,175,000 shares of Class A common stock (including shares issued pursuant to the exercise in full of the underwriters’ option to purchase additional shares) at a public offering price of $21.00 per share for net proceeds of $1,020 million, after deducting underwriters’ discounts (but excluding other offering expenses and reimbursements in accounts receivable as of June 30, 2020).\n\n\n\nBusiness a...