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  1. #1
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
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    17,977

    [EN] Box stock falls 7%: no longer cash-flow positive, net loss widened

    Box, which went public in 2015, has yet to turn a profit.

    The company now has 76,000 paying customers.

    Jordan Novet
    2017-08-30

    Cloud file syncing and sharing company Box on Wednesday saw its stock fall by as much as 7 percent after the company released better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on July 31.

    • EPS: Excluding certain items, a loss of 11 cents per share vs. a loss of 13 cents per share as expected by analysts, according to Thomson Reuters.
    • Revenue: $122.9 million vs. $121.7 million as expected by analysts, according to Thomson Reuters.


    Box went two quarters of being free cash-flow positive, but lost that status this quarter -- free cash flow came in at negative $14.7 million, according to Wednesday's earnings statement. The company has never been profitable on a GAAP basis. For Keybanc analysts Rob Owens, Mike Casado and Liz Verity, a bullish scenario would show Box breaking even in the 2018 calendar year.

    The company is still aiming to be cash flow positive for its entire 2018 fiscal year, a spokeswoman told CNBC.

    The company said it expects a loss of 13-14 cents per share on $128-129 million in revenue for the next quarter. In terms of guidance analysts were expecting a loss of 13 cents per share on $128.9 million in revenue, according to Thomson Reuters.

    For the full 2018 fiscal year, the company expects a loss of 44-46 cents per share on $503-506 million in revenue. Analysts were expecting a loss of 46 cents per share on $505.7 million in revenue in terms of full-year guidance.

    Box's revenue growth rate for the quarter slipped from 30 percent to 20 percent year over year. The company's non-GAAP operating margin of negative 12 percent came in above analysts' estimate of negative 13.7 percent, according to StreetAccount.

    The company also said it now has 76,000 paying business customers, up from 74,000 in May. Brian White of Drexel Hamilton on Monday said he was expecting Box to report a total of roughly 77,000 customers.

    ...

    https://www.cnbc.com/2017/08/30/box-...s-q2-2018.html

  2. #2
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    17,977

    Box revenues climb at slower pace

    Mamta Badkar
    2017-08-30

    Box shares slid in extended trading on Wednesday after the cloud storage company said its net loss widened in the second quarter and that the pace of revenue growth cooled.

    The Redwood City, California-based company said revenue rose 28 per cent from a year ago to a record $122.9m, just ahead of Wall Street estimates of $121.9m but that was shy of the 30 per cent increase recorded in both the year ago quarter the first three months of the year.

    Billings, an indicator of future growth, rose 31 per cent over the same period to $139.5m.

    “Enterprises around the world are recognizing the value of Box’s cloud content management solution, as evidenced by our large deal traction and rapid revenue, billings and deferred revenue growth,” said Dylan Smith, co-founder and finance chief of Box. “With our large global market opportunity and best-in-class customer economics, we are well-positioned to achieve our $1 billion revenue target.”

    Despite the jump in revenues, the company’s net loss widened to $39.3m or 30 cents a share in the three months ended in July, on 133m shares outstanding, that compared with a loss of $38.1m or 30 cents a share in the year ago period, on 127m shares outstanding. Adjusting for one-time items, its loss of 11 cents was better than the 13 cent loss that Wall Street had forecast.

    Box, which went public in 2015, having scuppered its planned 2014 listing amid a sell-off in high-growth tech companies, has yet to turn a profit. The company also said on Wednesday that after two quarter of positive cash flow, it had come in negative at $14.7m in the second quarter.

    The company lifted the lower end of its revenue outlook for the fiscal year to a range of $503m to $506m, from $502m to $506m previous. However, the low-end of its outlook missed analysts’ estimates of $505.7m. It also tightened its earnings outlook to a loss of between 44 to 46 cents a share, from guidance for a loss of between 44 to 48 cents a share previously.

    Box shares, which are up 41 per cent so far this year, fell as much as 7.8 per cent in after hours trade before trimming those losses to trade 3 per cent lower.

    https://www.ft.com/content/95130948-...7-a04806670a11

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