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Zix Corporation (ZIXI), a leader in cloud email security, will announce its financial results for Q1 2021 on May 5, 2021, at 5:00 p.m. ET via a conference call. CEO Dave Wagner and CFO Dave Rockvam will discuss the financial results and business highlights during the call. Interested parties can join by dialing the provided numbers or through a live webcast on Zix’s investor relations website. An audio replay will be available for seven days post-event.
Zix Corporation (ZIXI), a leader in cloud email security, is set to participate in several virtual financial conferences during Spring 2021. Key events include the Stephens Best Ideas Virtual Conference on March 10, followed by the Wedbush Security Conference on March 12. Additionally, Zix will attend the Lytham Partners Spring 2021 Investor Conference from March 30 to April 1. These conferences will feature various presentations and one-on-one meetings. For details, investors can contact Zix’s IR team.
Zix Corporation (NASDAQ: ZIXI) reported a 15% revenue increase to $57.9 million in Q4 2020, with annual recurring revenue (ARR) rising 14% to $237.7 million. Cloud ARR grew 21% to $206.6 million, constituting 87% of total ARR. The GAAP net loss decreased to ($2.9) million. Non-GAAP adjusted net income surged 27.8% to $8.6 million, with adjusted EBITDA up 17% to $13.4 million. Cash flow from operations reached $31.3 million, a 124% increase from 2019. The company acquired CloudAlly, enhancing its cloud-based offerings.
Zix Corporation (ZIXI) announced a conference call and webcast on February 25, 2021, at 5:00 p.m. ET to discuss its financial results for Q4 and full year 2020. Interested parties can join via phone or the investor relations website. Zix offers solutions in email security and compliance, serving key industries like healthcare and finance. The call will feature insights from CEO Dave Wagner and CFO Dave Rockvam. For details on the call, including dial-in information, visit Zix's investor relations website.
Zix Corporation (ZIXI), a leader in email security solutions, will present at the 23rd Annual Needham Growth Conference from January 11-15, 2021. The management's presentation is scheduled for January 15 at 10:45 a.m. Eastern time, followed by one-on-one meetings throughout the day. Attendees can access a live webcast of the presentation, which will be available for replay for 90 days. For more details, visit Zix’s investor website.
Zix Corporation (ZIXI) announced a strong third quarter 2020, reporting a 15% increase in revenue to $54.8 million and an 11% rise in annual recurring revenue (ARR) to $222.3 million. Cloud ARR surged 19% to $190.3 million, representing 86% of total ARR. The GAAP net loss improved to ($0.7) million from ($1.6) million a year earlier. Non-GAAP adjusted net income increased 38.4% to $9.2 million. Zix ended the quarter with $23.7 million in cash, a 68% increase from the previous quarter.
Zix Corporation (Zix), a leader in cloud email security, announced a new equity plan following its acquisition of CloudAlly Ltd. The board authorized inducement equity awards for 16 CloudAlly employees, consisting of up to 400,000 restricted shares of Zix common stock, vesting based on time and financial performance metrics. Additionally, Ryan Allphin was appointed as Chief Product Officer, receiving inducement awards totaling 250,000 restricted shares and options for 100,000 shares, which will vest over four years and based on performance targets.
Zix Corporation (ZIXI), a provider of cloud email security and compliance solutions, has acquired CloudAlly Ltd., specializing in cloud-based data backup and recovery, for an undisclosed amount. This acquisition is pivotal as it expands Zix's product offerings into the growing $1.3 billion cloud backup market, responding to increased demand from its partners. CloudAlly, with about $8 million in projected annual recurring revenue, will enhance Zix's Secure Cloud platform and position it for profitable growth. The acquisition was financed by a $35 million increase in Zix's senior secured loan.
Zix Corporation (ZIXI) will hold a conference call on November 9, 2020, at 5:00 p.m. ET to discuss its Q3 2020 financial results. The results will be made available on their investor relations website following the close of NASDAQ market hours that day. Dave Wagner, CEO, and Dave Rockvam, CFO, will present the financial results and highlight key business updates. Interested participants can join the call via a dedicated phone line or listen to a live webcast. An audio replay will be accessible for seven days after the call.