Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions

v2.4.0.8
Business Acquisitions
 6 Months Ended
Jun. 30, 2013
Business Acquisitions  
Business Acquisitions

3.                       Business Acquisitions

 

Pro forma results for Envestnet, Inc. giving effect to the Prima Capital Holding, Inc. and Tamarac, Inc. acquisitions

 

The following pro forma financial information presents the combined results of operations of Envestnet, Prima Capital Holding, Inc. (“Prima”), which was acquired on April 1, 2012, and Tamarac, Inc. (“Tamarac”), which was acquired on May 1, 2012, for the three and six months ended June 30, 2012. The pro forma financial information presents the results as if the acquisitions had occurred as of the beginning of 2012.

 

The unaudited pro forma results presented include amortization charges for acquired intangible assets and stock-based compensation expense, the elimination of intercompany transactions, transaction-related expenses and the related tax effect of the aforementioned items.

 

Pro forma financial information is presented for informational purposes and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at the beginning of the period presented.

 

 

 

Three Months ended

 

Six Months ended

 

 

 

June 30,

 

June 30,

 

 

 

2012

 

2012

 

 

 

 

 

 

 

Revenue

 

$

39,082

 

$

76,197

 

Net income (loss)

 

(957

)

(1,980

)

Net income (loss) per share:

 

 

 

 

 

Basic

 

(0.03

)

(0.06

)

Diluted

 

(0.03

)

(0.06

)