Cyren (CYRN) Misses Q1 EPS by 1c, Miss on Revenues

Cyren (NASDAQ: CYRN) reported Q1 EPS of ($0.09), $0.01 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $7.6 million versus the consensus estimate of $7.72 million.

First Quarter 2018 Financial Highlights:

• Revenues for the first quarter of 2018 were $7.6 million, compared to $8.0 million during the first quarter of 2017.
• GAAP net loss for the first quarter of 2018 was $5.3 million, compared to a net loss of $2.5 million in the first quarter of 2017.
• GAAP loss per basic and diluted share for the first quarter of 2018 was $0.10, compared to a loss of $0.06 per basic and diluted share for the first quarter of 2017.
• Non-GAAP net loss for the first quarter of 2018 was $4.9 million, compared to a Non-GAAP net loss of $2.4 million for the first quarter of 2017.
• Non-GAAP loss per basic and diluted share was $0.09 for the first quarter of 2018, compared to a Non-GAAP loss of $0.06 per share in first quarter of 2017.
• Operating cash usage during the first quarter was $4.6 million, compared to operating cash usage of $1.9 million in the first quarter of 2017.
• Cash usage, excluding financing activities, during the first quarter of 2018 was $6.0 million, compared to cash usage, excluding financing activities, of $3.4 million during the first quarter of 2017.
• Cash balance as of March 31, 2018 was $17.9 million, compared to $13.5 million as of March 31, 2017 and $24.0 million as of December 31, 2017.

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

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