Exa (EXA) Misses Q1 EPS by 121c

Exa (NASDAQ: EXA) reported Q1 EPS of ($1.25), $1.21 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $13.8 million versus the consensus estimate of $13.94 million.

Included in GAAP net loss and non-GAAP net loss for the first quarter is a $14.5 million non-cash charge to record a valuation allowance against net deferred tax assets in the United States, as well as a $0.7 million non-cash write-off of state deferred tax assets associated with a cumulative change in ownership for tax purposes.

Exa sees Q2 2014 revenue of $14.2-14.8 million, versus the consensus of $14.3 million.

For earnings history and earnings-related data on Exa (EXA) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Silexion Therapeutics (SLXN) Tops Q2 EPS by 793c
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c