LogMeIn provides cloud-based service offerings, that help people and businesses to connect to their workplace, colleagues and customers. Services are categorized into four business lines: communications and collaboration, engagement and support, identity and access, and additional service offerings.

Type
Public
HQ
Boston, US
Founded
2003
Size (employees)
2,823 (est)+152%
LogMein was founded in 2003 and is headquartered in Boston, US
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Key People/Management at LogMein

Michael Simon

Michael Simon

CEO
Ed Herdiech

Ed Herdiech

CFO
Ed Gillis

Ed Gillis

Director
William Wagner

William Wagner

President & COO
W. Sean Ford

W. Sean Ford

SVP, Chief Marketing Officer

LogMein Office Locations

LogMein has an office in Budapest, Szeged, Sydney, Amsterdam and in 6 other locations
Boston, US (HQ)
320 Summer St
San Francisco, US
27 Maiden Lane (Suite 700)
Wichita, US
2024 N. Woodlawn, Suite 350
Sydney, AU
Level 4, 66 King St
Budapest, HU
Andrássy út, 9. II. em.
Szeged, HU
Széchenyi tér 3. I em.
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LogMein Financials and Metrics

LogMein Financials

LogMein's revenue was reported to be $336.07 m in FY, 2016 which is a 23.7% increase from the previous period.
USD

Revenue (Q3, 2017)

269.3 m

Gross profit (Q3, 2017)

213.7 m

Gross profit margin (Q3, 2017), %

79.3%

Net income (Q3, 2017)

9.9 m

EBIT (Q3, 2017)

7.2 m

Market capitalization (5-Feb-2018)

6.6 b

Cash (4-Feb-2018)

262.1 m

EV

6.3 b
LogMein's current market capitalization is $6.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

222 m271.6 m336.1 m

Revenue growth, %

34%22%24%

Cost of goods sold

28.7 m35.5 m45.5 m

Gross profit

193.2 m236.1 m290.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

43 m49 m55 m58.1 m61.1 m64.8 m69.6 m79.7 m83.3 m85.1 m187.5 m257 m269.3 m

Cost of goods sold

4.7 m6.1 m7.4 m7.3 m8 m8.5 m8.7 m11.2 m11.4 m11.5 m38.9 m53.2 m55.6 m

Gross profit

38.3 m42.9 m47.6 m50.7 m53.1 m56.3 m60.9 m68.5 m71.8 m73.6 m148.5 m203.8 m213.7 m

Gross profit Margin, %

89%88%87%87%87%87%88%86%86%87%79%79%79%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

100.3 m77.3 m103.6 m111.9 m89.3 m101 m123.1 m140.8 m

Accounts Receivable

13 m18.3 m16 m25.9 m

Inventories

6.5 m4.5 m12 m5.7 m

Current Assets

212.1 m230.9 m236.4 m228.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

99 m103.7 m120.8 m96.3 m132.2 m136.1 m160.4 m141.2 m139.9 m146.6 m266.7 m261 m262.1 m

Accounts Receivable

11.3 m11.7 m10.6 m11.1 m12.6 m14.2 m15.9 m15.1 m14.5 m16.2 m73 m75.8 m83.9 m

Current Assets

222.5 m226.2 m243.7 m219.8 m265.3 m264.7 m275.5 m257.6 m254.2 m248 m403.1 m401.6 m394.3 m

PP&E

12.3 m13.3 m13.7 m13.5 m15.6 m16.4 m18.7 m23.4 m26.1 m25.2 m80.2 m82.5 m91.4 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(7.7 m)8 m14.6 m2.6 m

Depreciation and Amortization

7.7 m11.1 m13.7 m21.5 m

Inventories

(3 m)1.8 m(2.8 m)6 m

Accounts Payable

(2.2 m)1.7 m1.4 m6.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(56.2 k)1 m1.3 m2.3 m372 k2.8 m8.3 m(1.1 m)1.4 m776 k(18.6 m)(3.7 m)6.2 m

Depreciation and Amortization

5.9 m9.2 m5.4 m10.7 m16.1 m40.3 m98.6 m158.8 m

Accounts Payable

6 m6.3 m10.4 m4.4 m3 m1.7 m2.5 m4.7 m3.9 m11.2 m10.2 m

Cash From Operating Activities

58.6 m72 m38 m64 m84.1 m105.9 m192.8 m283.3 m
USDY, 2017

EV/EBIT

884.2 x

EV/CFO

22.4 x

Revenue/Employee

95.4 k

Financial Leverage

1.3 x
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LogMein Operating Metrics

FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017

Patents Issued

13 155

Patents Pending

11 150

Monthly Users (GoToMeeting & join.me)

20 m20 m20 m

Yearly Conference Calling Minutes

12 b12 b12 b
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LogMein Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Jive Communications (582)February 08, 2018$357 m
Nanorep (78)August 01, 2017$45 m
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