CYREN Ltd. (CYRN) Reports Q2 Loss of $0.04/Share; Affirms FY14 Outlook

CYREN Ltd. (NASDAQ: CYRN) reported Q2 EPS of ($0.04), versus ($0.05) reported last year. Revenue for the quarter came in at $8.3 million, versus $8.1 million reported last year.

"We are very pleased with our continued progress in ramping our recently introduced cloud-based CYREN WebSecurity offering. During the second quarter we expanded our global distribution partners, signed our first end users and began to recognize initial revenue," said Lior Samuelson, CEO and Chairman of the Board at CYREN.

"More recently, we strengthened our balance sheet with the successful completion of our registered direct offering," Samuelson added. "Proceeds from the offering combined with healthy demand trends in our profitable core detection business provide a solid foundation to support our growth strategy."

CYREN Ltd. reaffirmed FY2014 guidance.

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

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