Benzinga | Aug 3, 2020 04:12PM EDT

Chegg Sees Q3 Sales $140M-$145M, Chegg Services Revenues $110M-$115M; Sees FY20 Sales $605M-$615M, Chegg Services Revenues $490M-$500M

Business Outlook:

Third Quarter 2020

* Total Net Revenues in the range of $140 million to $145 million

* Chegg Services Revenues in the range of $110 million to $115 million

* Gross Margin between 56% and 57%

* Adjusted EBITDA in the range of $21 million to $23 million

Full Year 2020

* Total Net Revenues in the range of $605 million to $615 million

* Chegg Services Revenues in the range of $490 million to $500 million

* Gross Margin between 68% and 69%

* Adjusted EBITDA in the range of $190 million to $195 million