Wix
non expense during the quarter was million or of collections compared to million or of collections in we remained within our range of months while continuing to invest amounts in direct acquisition and branding campaigns the decline in marketing expenses as a percent of collections demonstrates our ability to execute our marketing strategy of optimizing activities across channels and geographies for the full year we still expect expense to be within of collections in line with our prior guidance and a reduction of from we expect to continue to gain leverage next year as well non a expense was million or of collections in compared to million or of collections in last year the year over year increase was due to increased to support our growth higher overhead expenses and additional costs associated with non operating income was million compared to a loss of million last year as our business continues to grow and we continue to benefit from the flexibility and of our low fixed cost model this quarter is the second consecutive quarter and third of the last four in which we had positive operating income on a non basis we still expect to generate positive non operating income for the full year consistent with our prior guidance free cash flow which is calculated as net cash flow provided by operating activities less capital expenditures grew to million in a increase over last year year to date we have generated over million in free cash flow and our cash balance at the end of was million we continue to increase the rate of return on our investments in marketing and even while sustaining strong top line growth total long term debt at the end of was million we had employees at the end of the quarter ree | Wix
Company
Wix
Deck Type
Sector
Industry
Deck date
November 2017
Slide
6 of 19
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