Connecture (CNXR) Tops Q3 EPS by 30c

Connecture (NASDAQ: CNXR) reported Q3 EPS of $0.18, $0.30 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $24.7 million versus the consensus estimate of $20.31 million.

Cash and cash equivalents totaled $16.7 million and debt less cash and cash equivalents totaled $18.8 million at September 30, 2016, compared to $19.0 million and $16.4 million, respectively, at June 30, 2016.
Cash used in operations for the three months ended September 30, 2016, was $1.7 million, compared to $1.6 million for the same period last year.

GUIDANCE:

Connecture sees FY2016 revenue of $85-88 million, versus the consensus of $86.1 million.

For earnings history and earnings-related data on Connecture (CNXR) click here.

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