Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Wix.com Ltd. (“WIX”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

By clicking “Accept” you acknowledge and agree that neither WIX nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the External Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against WIX and Virtua and further acknowledge and agree that in no event shall WIX or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site.

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if WIX and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: collections, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss), non-GAAP net income (loss) per share, free cash flow, non-GAAP R&D expense, non-GAAP S&M expense, and non-GAAP G&A expense (collectively the "Non-GAAP financial measures"). Collections represents the total cash collected by us from our customers in a given period and is calculated by adding the change in deferred revenues for a particular period to revenues for the same period. Non-GAAP gross margin represents gross profit calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related costs and amortization, divided by revenue. Non-GAAP operating income (loss) represents operating income (loss) calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, and acquisition-related costs. Non-GAAP net income (loss) represents net loss calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, and acquisition-related costs. Non-GAAP net income (loss) per share represents non-GAAP net income (loss) divided by the weighted average number of shares used in computing GAAP income (loss) per share. Free cash flow represents net cash provided by (used in) operating activities less capital expenditures. Non-GAAP R&D expense represents R&D expense calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related costs and amortization. Non-GAAP S&M expense represents S&M expense calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related costs and amortization. Non-GAAP G&A expense represents G&A expense calculated in accordance with GAAP as adjusted for the impact of sharebased compensation expense, withdrawn secondary offering expenses and acquisition-related costs.

The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that these measures provide useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making.

For more information on the non-GAAP financial measures, please see the "Reconciliation of GAAP to Non-GAAP Financial Measures" table on the External Site. This accompanying table has more details on the GAAP financial measures that are most directly comparable to non-GAAP financial measures and the related reconciliations between these financial measures. The Company has not reconciled its guidance as to free cash flow to cash flow from operations because it does not provide guidance for cash flow from operations. As items that impact cash flow from operations are out of the Company's control and/or cannot be reasonably predicted, the Company is unable to provide such guidance. Accordingly, a reconciliation to cash flow from operations is not available without unreasonable effort.

NASDAQ: WIX Price: 97.45 Change: -4.94 -4.83% Volume: 453,091 4:00 ET on Oct 18, 2018 price delayed 20 minutes

Avishai Abrahami , , , Co-Founder and CEO

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Avishai Abrahami is our Co-Founder, and has served as our Chief Executive Officer since September 2010, was our Co-Chief Executive Officer and a director since October 2006, and has served as the Chairman of our Board from November 2013 until February 2016, at which time he was appointed Honorary Chairman. From 2004 to 2006, Mr. Abrahami was the Vice President of Strategic Alliances at Arel Communications & Software Ltd., a private Israeli company specializing in communication technology. In 1998 he co-founded Sphera Corporation, a private company which develops software for managing data centers, and he served as its Chief Technology Officer from 1998 until 2000 and its Vice President of Product Marketing from 2000 until 2003. In 1993, he co-founded AIT Ltd., a private Israeli software company, and served as its Chief Technology Officer until the company’s sale in 1997. Mr. Abrahami served in the Israeli Defense Forces’ elite computer intelligence unit from 1990 until 1992

Giora Kaplan , , , Co-Founder and Chief Technology Officer

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Giora Kaplan is our Co-Founder, and has served as our Chief Technology Officer since March 2008, was our Co-Chief Executive Officer from 2006 to March 2008, and has served as one of our directors since 2006. From 2004 to 2006, he served as a technology and product management consultant to several start-up companies. Mr. Kaplan was the founder and Chief Executive Officer of Promotix Technologies Ltd., an Internet advertising and publishing company, from 1999 to 2001. He also co-founded and served as Chief Technology Officer of Optimedia Ltd., an electronic and online publishing company, from 1992 to 1999. Mr. Kaplan served in the Israeli Defense Forces’ elite computer intelligence unit from 1988 until 1991.

Nadav Avrahami , , , Co-Founder and VP Client Development

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Nadav spearheaded Wix’ R&D department during its first four years. In 2011 Nadav moved his focus to bring his creative technological genius to Wix's core technologies and main product architecture. As an innovative and successful programmer Nadav has brought a unique perspective and edge into Wix’ web publishing solutions, so that the complex technology that powers the platform stays behind the curtain, keeping the user experience clean, simple and fun. When co-founding Wix, Nadav brought with him over 10 years of experience as a senior programmer, software designer and game developer in several tech companies including Oberon Media and ECB (Eric Cohen Books). Prior to that Nadav developed several consumer facing software products including an adaptive framework for education titles for ECB which sold over 1 million copies.

Nir Zohar , , , President and Chief Operating Officer

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Nir Zohar has served as our President since September 2013 and Chief Operating Officer since June 2008 and joined our company in May 2007. Prior to joining us, from August 2005 to April 2007, Mr. Zohar was the Budget and Production Manager of M.B. Contact Ltd., a private Israeli event production company. From 2001 until 2005, Mr. Zohar worked for The Jewish Agency and the Israeli Scouts. From 1995 until 2001, Mr. Zohar served as a Lieutenant Commander and Chief Engineer in the Israeli Navy.

Lior Shemesh , , , Chief Financial Officer

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Lior Shemesh has served as our Chief Financial Officer since March 2013. From December 2010 to January 2013, he served as Chief Financial Officer at Alvarion Ltd., a provider of optimized wireless broadband solutions. From October 2008 to December 2010 he served as Alvarion’s Vice President of Finance. From May 2003 to October 2008, Mr. Shemesh served as Vice President of Finance at Veraz Networks Inc., a provider of softswitch, media gateway and digital compression solutions. Prior to this, Mr. Shemesh served as Controller, and later as Associate Vice President of Finance of the Broadband division, for ECI Telecom Ltd., a network infrastructure provider. Mr. Shemesh holds a B.A. in Accounting and Economics, and an M.B.A. from Bar-Ilan University.

Yaniv Even-Haim , , , Vice President of Research and Development

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Yaniv Even-Haim has served as our Vice President of Research and Development since September 2010. From August 2009 to September 2010, Mr. Even-Haim was the Vice President of Product at Pudding Media Inc., a mobile advertising solutions company. From September 2001 to August 2009, he was the Head of Research and Development at Comverse, Inc., a provider of communications software. From August 1998 to September 2001, Mr. Even-Haim was the Director of Research and Development at EverAd, Inc., a music and advertising company. Mr. Even-Haim holds a B.Sc. in Computers and an M.B.A. from Technion—Israel’s Institute of Technology.

Omer Shai , , , Chief Marketing Officer

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Omer Shai has served as our Chief Marketing Officer since September 2013 and previously as our Vice President of Marketing since May 2010. Mr. Shai is the co-founder of Hyperactive, a digital design company, which he led from June 2005 to February 2008. Prior to that, he worked as an online marketing consultant for several brands. From October 2000 to May 2003, Mr. Shai was the Marketing Director at Hackersoftware, a software company. Prior to that, he worked as an online marketing consultant for several brands. Mr. Shai holds a B.Sc. in Economics from The Academic College of Tel Aviv, Yaffo.

Reuven J. Sherwin , , , Vice President of Product

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Reuven has over 15 years of experience in senior Product Management and R&D management positions within the tech sector. Reuven joined Wix in January 2013 bringing with him a wealth of technological knowledge and a deep understanding of the market.

He has been involved with Wix from the get-go, having served as a member of its Advisory Board as well as being the Organizational and Operational Adviser to the Wix founders since 2008. Prior joining to Wix, Reuven was the Co-Founder and VP of Products and R&D of XMPie, a company he co-founded in July 2000 which was sold to Xerox at the end of 2006.

Shelly Meyer , , , Vice President of Human Resources

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Shelly brings over 15 years of HR experience and has been instrumental in shaping the work force of several prominent US and Israeli tech companies. Since joining in 2010, Shelly has been the driving force behind growing Wix’ number of employees from 80 to over 400 while successfully maintaining a highly professional and close-knit team.

Prior to joining Wix, Shelly served as the Head of HR and Managing Director for Applied Materials Israel, a $500M P&L operation. Before that, as Senior HR Director at Marvell Semiconductor in CA, Shelly built and managed the European and Israeli HR organization. Prior to that, Shelly served as VP HR for BackWeb Technologies in San Jose, CA, a company which offered data, content and applications solutions, as well as being the VP HR for Rad-Bynet Group, data communications solutions.

Elad Eran , , , Vice President of Customer Solutions

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Elad has been the mastermind behind the company’s advanced customer support solutions. His forward thinking ideas have led to the development of in-house software tools and support methods, which enable the company to provide top notch support and effectively share knowledge with a global and diverse user base of tens of millions.

Prior to joining Wix in 2008, Elad founded and created a CRM system for the gaming industry. That followed his three years in Retalix serving as the Global Customers Manager. Elad gained deep understanding in his field, having previously served as a member in an elite technology team, in the Israeli Defense Force’s renowned intelligence unit 8200.

Eitan Israeli , , , Vice President & General Counsel

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Eitan has over 19 years experience in formulating and leading the legal and compliance aspects of technology companies active in international markets.

Since Wix was founded in 2006, Eitan acted as its external legal counsel. In this capacity he also spearheaded all of the legal work surrounding Wix's IPO, after which he joined the company at the beginning of 2014 as its VP & General Counsel.

Prior to joining Wix, Eitan was the founding partner of an Israeli law firm focusing on corporate, M&A, technology and compliance and was involved in international transactions of leading hi-tech Israeli companies including acquisitions, private placements and public offerings.

Eitan is married and a father of 3, and on a day off you can find him practising photography on the beach or taking an off-road trip in the desert.

Hagit Kaufman , , , VP Design & Brand

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Hagit joined Wix.com in 2007 and has been leading Wix's Design Studio since 2008.

Hagit leads a team of 80 designers who are in charge of creating Wix' amazing web design, user experience and eye-catching promotional related content. As the company's authority on all things design, Hagit is also the mastermind behind the company's branding.

Prior to joining Wix - Hagit experienced as an enterpernuer, creating a ready-made language of assembly instructions for world leading brands.