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Upland Software (UPLD) Misses Q4 EPS by 11c, Offers Guidance

March 26, 2015 4:14 PM

Upland Software (NASDAQ: UPLD) reported Q4 EPS of ($0.30), $0.11 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $16.5 million versus the consensus estimate of $16.6 million.

Business Outlook

For the quarter ending March 31, 2015, Upland expects its constant currency total revenue to be in the range of $17.6 million to $18.4 million, or growth of 15% at the mid-point over the quarter ended March 31, 2014, and reported total revenue to be in the range of $17.0 million to $17.8 million, or growth of 11% at the mid-point over the quarter ended March 31, 2014, based on the current foreign currency exchange rates. Adjusted EBITDA is expected to be in the range of breakeven to $500 thousand, or Adjusted EBITDA margin of 1% of total revenue at the mid-point for the same period.

For the full year ending December 31, 2015, Upland expects its constant currency total revenue to be in the range of $70.7 million to $74.7 million, or growth of 13% at the mid-point over the full year ended December 31, 2014, and reported total revenue to be in the range of $68.1 million to $72.1 million, or growth of 9% at the mid-point over the full year ended December 31, 2014. Adjusted EBITDA is expected to be in the range of $2.3 million to $4.3 million, or Adjusted EBITDA margin of 5% of total revenue at the mid-point for the same period. Upland expects to achieve an 8% to 12% quarterly Adjusted EBITDA margin by the fourth quarter of 2015, or 10% at the mid-point.

(Street sees Q1 EPS of (0.14) on revenue of $18.29 million and FY15 EPS of $0.55 on revenue of $76.94 million.)

For earnings history and earnings-related data on Upland Software (UPLD) click here.

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