CYREN (CYRN) Misses Q3 EPS by 3c, Miss on Revenues

CYREN (NASDAQ: CYRN) reported Q3 EPS of ($0.09), $0.03 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $7.6 million versus the consensus estimate of $7.9 million.

Third Quarter 2017 Financial Highlights:

• Revenues for the third quarter of 2017 were $7.6 million, compared to $7.9 million during the third quarter of 2016.
• GAAP net loss for the third quarter of 2017 was $3.6 million, compared to a net loss of $1.0 million in the third quarter of 2016.
• GAAP loss per basic and diluted share for the third quarter of 2017 was $0.09, compared to a loss of $0.02 per basic and diluted share for the third quarter of 2016.
• Non-GAAP net loss for the third quarter of 2017 was $3.3 million, compared to a Non-GAAP net loss of $0.8 million for the third quarter of 2016.
• Non-GAAP loss per basic and diluted share was $0.09 for the third quarter of 2017, compared to a Non-GAAP loss of $0.02 per share in third quarter of 2016.
• Operating cash usage during the third quarter was $0.3 million, compared to operating cash usage of $0.3 million in the third quarter of 2016.
• Net cash usage during the third quarter was $1.6 million, compared to net cash usage of $1.2 million during the third quarter of 2016.
• Cash balance as of September 30, 2017 was $9.9 million, compared to $11.6 million as of June 30, 2017. The company carries convertible notes with a principal balance of $6.3 million, which were issued at the end of Q1 2017.

For earnings history and earnings-related data on CYREN (CYRN) click here.

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