Bazaarvoice (BV) Updates Q1, FY13 Outlook on PowerReviews Acquisition; Sees Wider Q1 Loss
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Bazaarvoice, Inc. (Nasdaq: BV), announced that it has updated guidance for the first fiscal quarter ending July 31, 2012 and fiscal year ending April 30, 2013 to reflect the contribution from the acquisition of PowerReviews, Inc. completed on June 12, 2012.
For the first fiscal quarter ending July 31, 2012, revenue is now expected to be in the range of $33.5 million to $34.0 million, compared to prior guidance of $32.5 million to $33.0 million. Adjusted EBITDA loss is now expected to be in the range of $6.5 million to $7.5 million, compared to prior guidance of a loss of $5.5 million to $6.5 million. Non-GAAP net loss per share is now expected to be in the range of $0.13 to $0.15, compared to prior guidance of a non-GAAP net loss per share range of $0.11 to $0.13. For purposes of calculating non-GAAP net loss per share, weighted average shares outstanding are now expected to be approximately 62.0 million, as compared to prior guidance of approximately 58.6 million, reflecting the issuance of 6.4 million shares of common stock of Bazaarvoice as part of the acquisition of PowerReviews.
For the fiscal year ending April 30, 2013, revenue is now expected to be in the range of $149.0 million to $152.0 million, compared to prior guidance of $137.0 million to $139.0 million. Adjusted EBITDA loss is expected to be in the range of $22.0 million to $23.0 million, unchanged from prior guidance. Non-GAAP net loss per share is now expected to be in the range of $0.45 to $0.48, compared to prior guidance of a non-GAAP net loss per share range of $0.46 to $0.49. For purposes of calculating non-GAAP net loss per share, weighted average shares outstanding are now expected to be approximately 64.2 million, as compared to previous guidance of approximately 58.6 million, reflecting the issuance of 6.4 million shares of common stock of Bazaarvoice as part of the acquisition of PowerReviews.
The Street sees Q1 loss of 11 cents per share on revs of $32.6 million and 2013 loss of 44 cents per share on revs of $142.6 million.
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For the first fiscal quarter ending July 31, 2012, revenue is now expected to be in the range of $33.5 million to $34.0 million, compared to prior guidance of $32.5 million to $33.0 million. Adjusted EBITDA loss is now expected to be in the range of $6.5 million to $7.5 million, compared to prior guidance of a loss of $5.5 million to $6.5 million. Non-GAAP net loss per share is now expected to be in the range of $0.13 to $0.15, compared to prior guidance of a non-GAAP net loss per share range of $0.11 to $0.13. For purposes of calculating non-GAAP net loss per share, weighted average shares outstanding are now expected to be approximately 62.0 million, as compared to prior guidance of approximately 58.6 million, reflecting the issuance of 6.4 million shares of common stock of Bazaarvoice as part of the acquisition of PowerReviews.
For the fiscal year ending April 30, 2013, revenue is now expected to be in the range of $149.0 million to $152.0 million, compared to prior guidance of $137.0 million to $139.0 million. Adjusted EBITDA loss is expected to be in the range of $22.0 million to $23.0 million, unchanged from prior guidance. Non-GAAP net loss per share is now expected to be in the range of $0.45 to $0.48, compared to prior guidance of a non-GAAP net loss per share range of $0.46 to $0.49. For purposes of calculating non-GAAP net loss per share, weighted average shares outstanding are now expected to be approximately 64.2 million, as compared to previous guidance of approximately 58.6 million, reflecting the issuance of 6.4 million shares of common stock of Bazaarvoice as part of the acquisition of PowerReviews.
The Street sees Q1 loss of 11 cents per share on revs of $32.6 million and 2013 loss of 44 cents per share on revs of $142.6 million.
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