SoundBite (SDBT) Says Preliminary Q3 Views Came in Ahead of Expectations
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SoundBite Communications Inc. (Nasdaq: SDBT) announced preliminary unaudited financial results for the third quarter 2012.
Based on currently available information, the Company expects to report third quarter revenue, computed in accordance with U.S. generally accepted accounting principles (GAAP), of approximately $12.0 million. This exceeds the previously guided range of $10.8 million to $11.6 million for the third quarter of 2012. GAAP operating loss for the third quarter of 2012 is expected to be approximately $900,000.
In addition, the Company anticipates non-GAAP operating loss to be approximately $250,000, which is better than the Company's previously guided range of a loss of $900,000 to $1.5 million. In computing the preliminary non-GAAP operating income for the third quarter, the Company excluded the following estimated amounts: stock based compensation of $250,000 and amortization of intangibles of $400,000 related to acquisitions.
Based on currently available information, the Company expects to report third quarter revenue, computed in accordance with U.S. generally accepted accounting principles (GAAP), of approximately $12.0 million. This exceeds the previously guided range of $10.8 million to $11.6 million for the third quarter of 2012. GAAP operating loss for the third quarter of 2012 is expected to be approximately $900,000.
In addition, the Company anticipates non-GAAP operating loss to be approximately $250,000, which is better than the Company's previously guided range of a loss of $900,000 to $1.5 million. In computing the preliminary non-GAAP operating income for the third quarter, the Company excluded the following estimated amounts: stock based compensation of $250,000 and amortization of intangibles of $400,000 related to acquisitions.
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