0001558370-15-001063.txt : 20150610 0001558370-15-001063.hdr.sgml : 20150610 20150610083016 ACCESSION NUMBER: 0001558370-15-001063 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150610 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150610 DATE AS OF CHANGE: 20150610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MOBILEIRON, INC. CENTRAL INDEX KEY: 0001470099 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 260866846 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36471 FILM NUMBER: 15922320 BUSINESS ADDRESS: STREET 1: 415 EAST MIDDLEFIELD ROAD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 650-919-8100 MAIL ADDRESS: STREET 1: 415 EAST MIDDLEFIELD ROAD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 FORMER COMPANY: FORMER CONFORMED NAME: MOBILE IRON, INC. DATE OF NAME CHANGE: 20110603 FORMER COMPANY: FORMER CONFORMED NAME: Mobile Iron, Inc. DATE OF NAME CHANGE: 20090811 8-K 1 mobl-20150610x8k.htm 8-K Mobl_8k_Business_Update

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 10, 2015

 

MobileIron, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-36471

 

26-0866846

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

MobileIron, Inc.

415 East Middlefield Road

Mountain View, California 94043

(Address of principal executive offices, including zip code)

 

(650) 919-8100

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

Item 7.01.  Regulation FD Disclosure.  

On June 10, 2015, MobileIron, Inc. (the “Company”) will host a Financial Analyst Day as part of its Mobile First Conference 2015, the Company's annual customer conference. Please visit MobileIron’s website at http://investors.mobileiron.com/ for webcast access information regarding this conference. The attached press release, furnished herewith as Exhibit 99.1, covers certain material to be presented at the Financial Analyst Day and is incorporated herein by reference.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing with the Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

The Company is making reference to non-GAAP financial information in the press release. A reconciliation of these non-GAAP financial measures to the nearest comparable GAAP financial is provided in the press release.

 

Item 9.01.Financial Statements and Exhibits.

(d)Exhibits

 

 

 

Exhibit No.

 

Description

99.1

 

Press Release, dated June 10, 2015, titled “MobileIron Announces Business Update ”

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

MobileIron, Inc.

 

 

Dated: June 10, 2015

 

 

By:

/s/ Laurel Finch

 

 

Laurel Finch

 

 

Vice President, General Counsel and Secretary

 

 

 

 

 

INDEX TO EXHIBITS

 

une

 

 

 

 

 

Exhibit No.

 

Description

99.1

 

Press Release, dated June 10, 2015, titled “MobileIron Announces Business Update.”

 

 

EX-99.1 2 mobl-20150610ex9910922de.htm EX-99.1 Exhibit_99_1

Exhibit 99.1

 

MobileIron Announces Business Update

 

MOUNTAIN VIEW, Calif., June 10, 2015 - MobileIron (NASDAQ: MOBL), the leader in mobile enterprise security, today delivered this business update in conjunction with the company’s Mobile First 2015 annual user conference.

 

The company is providing the following updated outlook for its fiscal second quarter 2015 (ending June 30, 2015):

·

Total billings are expected to be between $37 million and $39 million. Non-GAAP revenue is expected to be between $33 million and $34 million, and GAAP revenue is expected to be between $33.6 million and $34.6 million. These are consistent with the guidance given in the company’s April 30th earnings release.

·

MobileIron is expecting improved Non-GAAP operating expenses in a range between $48.5 million and $49.5 million versus our previous guidance of $49.5 million to $51.0 million.

The company is maintaining the following outlook for its fiscal year 2015 (ending December 31, 2015):

·

Total billings are expected to be between $165 million and $180 million.

·

Total non-GAAP revenue is expected to be between $140 million and $150 million, and GAAP revenue is expected to be between $141.8 million and $151.8 million.

Additionally, the company is providing the following outlook for its fiscal fourth quarter 2015 (ending December 31, 2015) and fiscal fourth quarter 2016 (ending December 31, 2016):

·

Non-GAAP Operating Margin is expected to be between -24% and -28% for the fiscal fourth quarter of 2015.

·

Non-GAAP Operating Margin is expected to be between -8% and -12% for the fiscal fourth quarter of 2016.

·

Cash from Operations is expected to be positive for the fiscal fourth quarter of 2016.

All forward-looking non-GAAP financial measures contained in this section "Financial Outlook" exclude estimates for stock-based compensation expenses, amortization of intangible assets, and perpetual license revenue recognized from licenses delivered prior to 2013.

While a reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis, the company has provided a reconciliation of GAAP to non-GAAP financial measures in its quarterly earnings releases.

 

Conference Call and Webcast of Analyst Event 

MobileIron will host a live webcast starting at 8:00 a.m. Pacific Daylight Time. The live webcast will be available on the MobileIron Investor Relations website at http://investors.mobileiron.com/.  

 

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding MobileIron’s revenue and other GAAP and non-GAAP financial metrics and other statements regarding trends in the company's business, including statements regarding MobileIron’s GAAP and non-GAAP revenue and operating expense targets, growth in our customer base, increasing customer adoption, and expected benefits from new product offerings. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including MobileIron's limited operating history, quarterly fluctuations in MobileIron’s operating results, MobileIron’s need to develop new solutions and enhancements to compete in rapidly evolving markets, product defects, competitive pressures, product mix shift, customer adoption, changes by operating system providers and mobile device manufacturers, MobileIron’s inability to manage growth, the quality of MobileIron support, and MobileIron’s reliance on channel partners.

Additional information on potential factors that could affect MobileIron's financial results is included in our SEC filings, including our reports on Forms 10-K, 10-Q and 8-K and other filings that we make with the SEC from time to time. MobileIron does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.    

To supplement our financial results presented on a GAAP basis, we provide investors with certain non-GAAP financial measures, including gross billings, recurring billings, non-GAAP revenue, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss, and non-GAAP net loss per share. These non-GAAP financial measures exclude stock-based compensation, the amortization of intangible assets, and perpetual license revenue recognized from licenses delivered prior to 2013.

 

We believe these non-GAAP financial measures are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures.

 

 

About MobileIron

MobileIron provides the foundation for companies around the world to transform into Mobile First organizations. For more information, please visit www.mobileiron.com.

 

“MobileIron” and the MobileIron Planet M logo are registered trademarks of MobileIron, Inc. in the United States and other countries. Trade names, trademarks, and service marks of other companies that are used in this press release belong to their respective owners.

 

 

Investor Contact:

Samuel Wilson

MobileIron

ir@mobileiron.com 

650-282-7555

 

Media Contact:

Clarissa Horowitz

MobileIron

clarissa@mobileiron.com 

415-608-6825