Datawatch (DWCH) Tops Q1 EPS by 1c, Beats on Revenues

Datawatch (NASDAQ: DWCH) reported Q1 EPS of ($0.01), $0.01 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $9.59 million versus the consensus estimate of $9.28 million.

First Quarter Fiscal 2018 Financial Highlights

• Cash and short-term investments were $29.8 million at December 31, 2017, down from $30.5 million at September 30, 2017 but up from $26.3 million at December 31, 2016.
• Gross margin (excluding IP amortization expense) for the first quarter of fiscal 2018 was 92%, as compared to 91% for the first quarter of fiscal 2017.
• Days sales outstanding were 67 days at December 31, 2017, compared to 77 days at December 31, 2016.
• There were seven six-figure license deals in the first quarter this fiscal year, compared to five in the first quarter of fiscal 2017.
• The average deal size in the first quarter of fiscal 2018 was $49,000, an increase from $40,000 in the first quarter of fiscal 2017.
• Deferred revenue reached $12.3 million at December 31, 2017, a 20% increase from $10.2 million at December 31, 2016.

For earnings history and earnings-related data on Datawatch (DWCH) click here.

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