Business Context and Reporting Period
Company: Blackbaud, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 22, 2004
Event: Regulation FD Disclosure regarding an upcoming investor presentation scheduled for September 23, 2004, at the Banc of America Securities Annual Investment Conference.
Key Financial Metrics
This filing does not contain specific GAAP financial results (revenue, profit, cash flow, debt, or liquidity figures). The document serves as a notice that the company will present selected non-GAAP financial measures in an accompanying presentation (Exhibit 99.1). These measures include:
- Pro forma gross margin
- Pro forma operating income and margin
- Pro forma net income
- Pro forma earnings per share
The filing notes that these non-GAAP measures exclude costs associated with the company's IPO (completed July 22, 2004) and non-cash stock option compensation expenses.
Material Changes
No material changes to financial results or operations are reported in this specific filing. The document references the recent completion of the company's Initial Public Offering (IPO) on July 22, 2004, as a factor excluded from the non-GAAP metrics to be presented.
Guidance, Outlook, and Risks
Management Commentary: Management intends to use non-GAAP measures to evaluate ongoing operational performance and to facilitate comparisons with industry peers. The company asserts these measures are useful supplements to GAAP data.
Reconciliation: A reconciliation of non-GAAP measures to GAAP measures is provided in Exhibit 99.2.
Legal Disclaimer: Information in Items 7.01 and 9.01 is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific non-GAAP financial figures and the investor presentation content.
- Examine Exhibit 99.2 to verify the reconciliation between non-GAAP and GAAP financial measures.
- Confirm the specific dollar amounts excluded for IPO costs and stock option compensation to understand the variance from GAAP results.
- Verify the date of the IPO (July 22, 2004) to contextualize the exclusion of related costs.