SoundBite Communications (SDBT) Posts Strong Preliminary Q4, FY11 Sales Results
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SoundBite Communications Inc. (Nasdaq: SDBT), a leading global provider of mobile marketing and contact center solutions, today announced preliminary unaudited financial results for the fourth quarter and the year ended December 31, 2011.
Based on currently available information, the Company expects to report fourth quarter revenue, computed in accordance with U.S. generally accepted accounting principles (GAAP), of at least $11.8 million, the highest revenue quarter in the Company's history. This compares to the previously guided range of $11.0 million to $11.5 million for the fourth quarter of 2011, and $10.1 million in the year ago period. GAAP operating income for the fourth quarter of 2011 is expected to have been at least $200,000, compared to $50,000 in the year ago period. The Street's consensus calls for $11.25 million in revenue for the quarter.
In addition, the Company anticipates non-GAAP operating income to have been at least $800,000, exceeding the Company's previously guided range of $100,000 to $400,000. In computing the preliminary non-GAAP operating income for the fourth quarter, the Company excluded the following estimated amounts: stock based compensation of $300,000 and amortization of intangibles of $300,000 related to the acquisition of SmartReply.
On a full year basis, the Company anticipates revenues of at least $41.5 million, a 5% increase over 2010. The Street's consensus calls for $40.94 million in revenue for the year. The GAAP operating loss is expected to be approximately $2.0 million, compared to $3.3 million in 2010.
The anticipated results in this press release are based on management's preliminary analysis of revenue and GAAP Operating Income for the quarter ended December 31, 2011. The Company will release and discuss its fourth quarter and full year 2011 financial results on Wednesday, February 22, 2012 at 5:00 p.m. ET.
Based on currently available information, the Company expects to report fourth quarter revenue, computed in accordance with U.S. generally accepted accounting principles (GAAP), of at least $11.8 million, the highest revenue quarter in the Company's history. This compares to the previously guided range of $11.0 million to $11.5 million for the fourth quarter of 2011, and $10.1 million in the year ago period. GAAP operating income for the fourth quarter of 2011 is expected to have been at least $200,000, compared to $50,000 in the year ago period. The Street's consensus calls for $11.25 million in revenue for the quarter.
In addition, the Company anticipates non-GAAP operating income to have been at least $800,000, exceeding the Company's previously guided range of $100,000 to $400,000. In computing the preliminary non-GAAP operating income for the fourth quarter, the Company excluded the following estimated amounts: stock based compensation of $300,000 and amortization of intangibles of $300,000 related to the acquisition of SmartReply.
On a full year basis, the Company anticipates revenues of at least $41.5 million, a 5% increase over 2010. The Street's consensus calls for $40.94 million in revenue for the year. The GAAP operating loss is expected to be approximately $2.0 million, compared to $3.3 million in 2010.
The anticipated results in this press release are based on management's preliminary analysis of revenue and GAAP Operating Income for the quarter ended December 31, 2011. The Company will release and discuss its fourth quarter and full year 2011 financial results on Wednesday, February 22, 2012 at 5:00 p.m. ET.
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