MINDBODY (MB) Tops Q2 EPS by 10c; Issues Solid Revenue Outlook

MINDBODY (NASDAQ: MB) reported Q2 EPS of ($0.21), $0.10 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $24.8 million versus the consensus estimate of $22.85 million.

MINDBODY sees Q3 2015 revenue of $25-26 million, versus the consensus of $23.4 million.

MINDBODY sees FY2015 revenue of $98-100 million, versus the consensus of $93.23 million.

"Our strong second quarter results demonstrate the powerful network effects taking hold across our SaaS platform," said Rick Stollmeyer, co-founder and chief executive officer of MINDBODY. "As more wellness businesses adopt our software, they bring more consumers to our web and mobile applications, who then bring additional partners to our platform. In the second quarter, these network effects accelerated our subscriber and revenue growth, increased average monthly revenue per subscriber, and improved our gross margin."

For earnings history and earnings-related data on MINDBODY (MB) click here.

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