Close

Cyren (CYRN) Reports Q3 Loss of $0.06, Revenues Beat

November 14, 2018 6:03 AM EST
Get Alerts CYRN Hot Sheet
Price: $0.22 --0%

Today's EPS Names:
SHIM, KOD, HEWA, More
Join SI Premium – FREE

Cyren (NASDAQ: CYRN) reported Q3 EPS of ($0.06), versus $0.00 reported last year. Revenue for the quarter came in at $9.6 million versus the consensus estimate of $9.3 million.

"We are delighted with our financial results and continued success during the third quarter," said Lior Samuelson, CEO and Chairman of the Board at Cyren. "This is the second straight quarter of record quarterly revenues, driven primarily by the growth in demand for our anti-phishing technology and enterprise email security on our Cyren Cloud Security platform."

Third Quarter 2018 Financial Highlights:

  • Revenues for the third quarter of 2018 were $9.6 million, compared to $7.6 million during the third quarter of 2017, and $9.2 million last quarter. This translates to an increase of 26% year-over-year, and 4% quarterly sequential revenue growth.
  • GAAP net loss for the third quarter of 2018 was $4.4 million, compared to a net loss of $3.4 million in the third quarter of 2017, and $4.2 million last quarter.
  • GAAP loss per basic and diluted share for the third quarter of 2018 was $0.08, compared to a loss of $0.09 per basic and diluted share for the third quarter of 2017, and $0.08 last quarter.
  • Non-GAAP net loss for the third quarter of 2018 was $3.3 million, compared to a Non-GAAP net loss of $3.3 million for the third quarter of 2017, and $3.5 million last quarter.
  • Non-GAAP loss per basic and diluted share was $0.06 for the third quarter of 2018, compared to a Non-GAAP loss of $0.09 per share in third quarter of 2017, and $0.07 last quarter.
  • Operating cash usage during the third quarter of 2018 was $2.6 million, compared to operating cash usage of $0.5 million during the third quarter of 2017.
  • Net cash flow for the third quarter of 2018 was negative $3.1 million, compared to negative $1.7 million during the third quarter of 2017.
  • Total cash, cash equivalents and restricted cash as of September 30, 2018 was $14.1 million, compared to $10.2 million as of September 30, 2017.

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



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Management Comments

Related Entities

Earnings