MAM Software (MAMS) Tops Q3 EPS by 5c; Sees adj.-EBITDA Lower in FY17
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MAM Software (NASDAQ: MAMS) reported Q3 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $8.4 million versus the consensus estimate of $8.26 million.
Business Outlook
The Company's expectations for fiscal year 2017 Adjusted EBITDA* is in the range of $4.1 million to $4.6 million. The expected decrease in Adjusted EBITDA is primarily the result of additional investment in support staff and R&D related to the launch of VAST Online in fiscal year 2017, and the impact from foreign currency exchange rates.
For earnings history and earnings-related data on MAM Software (MAMS) click here.
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