Q: Your thoughts on Q4 and annual earnings. Do Special charges seem reasonable?
5i Research Answer:
EBITDA for KXS was $31.46 mln vs $26.88 expected. Revenue was $123.9 mln vs $125.4 mln expected. SaaS revenue was up 17%. The full year revenue outlook of $545 mln to $560 mln was a bit shy of expectations of $558 mln. Overall, a decent looking quarter but a bit shy on growth. The special charges should be one-time and non-recurring, so we would not be too concerned here.