Every material Form 8-K N-able filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
N-able said on November 20, 2024 that it completed its acquisition of Adlumin, Inc., a cybersecurity company that provides extended detection and response and managed detection and response services. The company paid $100 million in cash and 1,570,762 shares of its common stock at closing, with additional deferred cash and up to $30 million in earn-out payments tied to performance targets. The filing also gave updated fourth-quarter and full-year 2024 revenue and adjusted EBITDA outlooks.
Closed November 20, 2024: about $100 million in cash, subject to customary adjustments, plus 1,570,762 shares of common stock
Deferred cash of $120 million, paid as $52.5 million and $67.5 million on the first and second anniversaries of closing
Up to $30 million in earn-out payments in 2025 and 2026 based on performance metrics
Full-year 2024 total revenue outlook of $463.0 million to $464.5 million, representing 10% year-over-year growth; fourth-quarter revenue outlook of $113.3 million to $114.8 million
N-able reported third-quarter 2024 revenue of $116.4 million, up 8.3% year over year, and GAAP net income of $10.8 million, compared with $6.0 million a year earlier. The company raised its full-year 2024 adjusted EBITDA margin outlook to 37% and set a full-year revenue outlook midpoint of $462 million, which matters to shareholders because it signals stronger profitability and a clearer view of the year's results.
Q3 2024 total revenue was $116.4 million, up 8.3% year over year, or 7.3% on a constant currency basis.
GAAP net income was $10.8 million, or $0.06 per diluted share; non-GAAP net income was $24.3 million, or $0.13 per diluted share.
Adjusted EBITDA was $44.8 million, up 22.7% year over year, with a 38.5% margin.
Q4 2024 revenue is expected in the range of $111.5 million to $113.0 million; full-year 2024 adjusted EBITDA is expected in the range of $169.3 million to $169.8 million, about 37% of revenue.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every N-able filing is on SEC EDGAR ↗. 8-K briefs of other companies →