Ellie Mae Reports Fourth Quarter and Full Year 2016 Results

Business Wire press release --- Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today reported results for the fourth quarter and full year ended December 31, 2016. Revenue of $96.2 million, up 48% from $64.9 million in 2015. Net income of $10.9 million, up 126% from $4.8 million in 2015. Adjusted EBITDA of $29.4 million, up 72% from $17.1 million in 2015. 12,000 Encompass seats booked. Revenue per average active Encompass® user of $587, up 24% from $475 in 2015.

Revenue of $360.3 million, up 42% from $253.9 million in 2015. Net income of $37.8 million, up 70% from $22.3 million in 2015. Adjusted EBITDA of $113.1 million, up 51% from $74.7 million in 2015. 52,800 Encompass seats booked. 164,648 active Encompass users, up 21% from the year-ago period. To read the full Ellie Mae fourth quarter and full year 2016 results click on the picture below to read more.