What: Shares of Care.com (NYSE:CRCM) fell nearly 15% Wednesday after the company turned in disappointing fourth-quarter results.

So what: Though quarterly revenue grew 41% year over year to $22.5 million, Care.com's fourth-quarter loss widened from $2.5 million in the same year-ago period to $3.6 million, or $1.16 per share. Analyst estimates aren't available for the company, which only held its initial public offering last month.

For the full year 2013, Care.com's revenue grew 68% to $81.5 million, which translated to a whopping GAAP loss of $9.45 per share.

For the current quarter, Care.com projects revenue of $23.8 million to $24.8 million, with a loss per share in the range of $0.58 to $0.54. For the full year 2014, it expects revenue of $108 million to $111 million, with a loss per share in the range of $1.16 to $1.06.

Now what: Care.com's full-year guidance indicates the company is headed in the right direction by narrowing its losses, but its slowing top-line growth at this point represents a valid concern for investors wondering when the red ink will actually end. At this point, that's why remain perfectly happy watching this one from the sidelines.

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