Coupa Software (COUP) Tops Q1 EPS by 5c, Beat on Revenues; Offers Soft FY18 Revenue Outlook

Coupa Software (NASDAQ: COUP) reported Q1 EPS of ($0.09), $0.05 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $41.1 million versus the consensus estimate of $38.25 million.

GUIDANCE:

Coupa Software sees FY2018 EPS of ($0.53)-($0.49), versus the consensus of ($0.52). Coupa Software sees FY2018 revenue of $172-175 million, versus the consensus of $168.58M

Business Outlook:

The following forward-looking statements reflect Coupa’s expectations as of June 5, 2017.

Second quarter of fiscal 2018:

• Total revenues are expected to be between $41.3 and $41.8 million.
• Non-GAAP loss from operations is expected to be between $9.0 and $10.0 million.
• Non-GAAP net loss per share is expected to be between $0.18 loss and $0.20 loss per share.
• Basic and diluted weighted average share count is expected to be approximately 52.5 million shares.

Full year fiscal 2018:

• Total revenues are expected to be between $172 and $175 million.
• Non-GAAP loss from operations is expected to be between $25 and $27 million.
• Non-GAAP net loss per share is expected to be between $0.49 loss and $0.53 loss per share.
• Basic and diluted weighted average share count is expected to be approximately 54 million shares.
• Revenues: Total revenues were $41.1 million, an increase of 41% from the same period last year. Subscription services revenues were $35.7 million, an increase of 41% from the same period last year.
• Loss from Operations: GAAP operating loss was $10.4 million, compared to a loss of $12.1 million for the same period last year. Non-GAAP operating loss was $4.6 million, compared to a loss of $10.0 million for the same period last year.
• Net Loss: GAAP net loss was $10.0 million, compared to a loss of $11.9 million for the same period last year. GAAP net loss per basic and diluted share was $0.20, compared to a loss of $2.11 for the same period last year. Non-GAAP net loss was $4.5 million, compared to a loss of $9.9 million for the same period last year. Non-GAAP net loss per basic and diluted share was $0.09, compared to a loss of $1.76 for the same period last year.
• Balance Sheet: Cash and cash equivalents were $238.1 million and total deferred revenue was $88.6 million as of April 30, 2017.
• Cash Flow: Cash flow provided from operating activities was $7.2 million for the three months ending April 30, 2017.

For earnings history and earnings-related data on Coupa Software (COUP) click here.

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