Q: Please comment on earning. Thanks for your excellent service.
5i Research Answer:
EPS of 23c beat estimates of 17c. Revenue of $51.4M matched estimates. EBITDA of $7.46M beat estimates by 11%. Revenue rose 24%. Subscription revenue was $47.9M. Annual recurring revenue is now over $200M. Cash is $72M. EPS more than quadrupled. Guidance calls for 17% to 18.5% sales growth this year, slightly below current consensus. Free cash flow was $9.2M, swinging from negative in the prior period. Customer count rose 9.3%. Results look fine to us, with the small caveat of slightly weaker sales guidance (at the mid point of the growth expectations).