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: 74.10 Change: -3.20 -4.14% Volume: 520,744 4:00 ET on Feb 22, 2018 price delayed 20 minutes

Wix Introduces Wix Code

07/25/2017

WATCH: Join Wix Co-founder and CEO Avishai Abrahami for a live broadcast today at 6pm ET

NEW YORK, July 25, 2017 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), a leading cloud-based web development platform, today introduced Wix Code, a formidable new solution allowing users to create powerful web applications.

Wix Code provides an integrated development environment for the easy creation of web applications with custom business logic and a stunning user interface. This product opens new possibilities for creators, developers and designers looking for the easiest way to build web applications of all kinds — tailored to their business needs.

For more advanced users, Wix Code offers enhanced capabilities using JavaScript for both front-end interactivity and design or with back-end functionality. Wix Code provides serverless functionality, removing the hassle of setting up and maintaining web environments and allowing developers to focus their time on their application logic.

Additionally, Wix Code allows users to incorporate advanced features that were previously only available with custom code. Non-developers can take advantage of databases, databound UI components and end user custom forms and input controls through drag and drop technology.

Join us for a live demo:
Wix Co-founder and CEO Avishai Abrahami will be demonstrating Wix Code live at 6pm ET today.
Join us here: https://www.ustream.tv/wixlive    

"As always, Wix enables innovation and creation. Wix Code expands our market significantly by delivering a solution for creators, developers and designers to build web applications that can be tailored for any business need. With Wix Code, we've already built the infrastructure and are providing a platform with the freedom and flexibility for users to create custom solutions without the hassle normally associated with setup and maintenance. There was no way that we could have possibly provided a vertical solution for every one of our global users, but we were determined to give them a way to do it themselves. For over a decade we have delivered consumer solutions, and now we have provided the opportunity for users to further extend development opportunities by themselves in a way that was simply not possible before," said Avishai Abrahami, Wix.com Co-founder and CEO.

Abrahami continued, "Wix Code works for the creation of standalone web applications as well as to further enhance existing website functionality. The features benefit users at all levels and decrease the amount of time it takes to create something amazing. We believe that this design and development potential is currently unmatched in the marketplace. With Wix Code we have combined the front-end aesthetic of Wix, the powerful back-end of Wix OS and added an easily deployable infrastructure that allows anyone to create web applications with no limits on resilience, style, features or functionality."

A closed alpha of Wix Code was released in June and following today's introduction, the Wix Code Beta will now be accepting further applications.

Apply here to join the Wix Code Beta:  wix.com/code/home/apply-for-beta

Wix Code provides the following benefits:

  • Incorporate a built-in database, JavaScript back-end and integrated development environment - all hosted in the secure Wix Cloud
  • Harness the ease of front-end designing with Wix and the back-end capabilities of Wix Code
  • Build advanced web applications with fully tailored functionality and built in support for SEO
  • Customize data and behavior of Wix components, or create custom web applications, without needing HTML or CSS
  • Save time - no need to set up servers, spend time on infrastructure or worry about updates
  • Focus on creating and developing - create web applications, custom interactions, design templates once and create many pages with unique URLs, create custom behaviors using both Wix APIs and easily integrated third-party APIs

Learn more about Wix Code: wix.com/code/home/

Watch an Intro to Wix Code: https://www.youtube.com/watch?v=Sh-OHHosvsc&feature=youtu.be

Watch a replay of the live demo here:
https://www.ustream.tv/wixlive

The release of Wix Code is not expected to have an effect on Wix's financial results of 2017.

Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may include projections regarding our future performance, including the availability, merchantability or functionality of certain new products or features and their anticipated product demand and customer satisfaction, and may be identified by words like "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "outlook," "future," "will," "seek" and similar terms or phrases. The forward-looking statements contained in this press release are based on management's current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, general industry conditions and competition including our ability to keep pace with our competitors in the introduction of new products, upgrades, features, technologies or the enhancement of existing products and the timely registration of patents on the above, customer acceptance of new products and other challenges inherent in new product development, the efficacy of research and development investments to develop successful new products, unanticipated expenses in connection with the launching of significant new products, the timing of our new product launches, product liability issues, dependence on the effectiveness of Company's patents and other protections for innovative products and the exposure to litigation, including patent litigation, and/or regulatory actions, potential product defects such as security breaches and threats, including the potential misappropriation of assets or sensitive information, corruption of data or operational disruption, and other factors discussed under the heading "Risk Factors" in the Company's 2016 annual report on Form 20-F filed with the Securities and Exchange Commission on March 28, 2017. Any forward-looking statement made by us in this press release speaks only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

About Wix.com
Learn more about Wix.com here:
http://www.wix.com/about/us
Visit us: on our blog,  Facebook, Twitter, Instagram, LinkedIn, Pinterest and Google+.
Download: Wix App is available for free on Google Play and in the App Store.

Media Contact:
Matt Rosenberg
pr@wix.com 
+1-917-837-0475

Use page-by-page coding panels to write JavaScript for custom interactions and capabilities

Database Collections allow for hundreds of pages with unique URLs

Connect with external APIs for advanced functionality

Wix.com Ltd. (PRNewsFoto/Wix.com Ltd.)

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SOURCE Wix.com Ltd.