MAM Software (MAMS) Reports In-Line Q4 EPS, Revenues

MAM Software (NASDAQ: MAMS) reported Q4 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $9.53 million versus the consensus estimate of $9.3 million.

Michael Jamieson, MAM's President and Chief Executive Officer commented, "Our financial results for fiscal 2018 included revenue growth of 13%, or 9% on a constant currency basis, and Adjusted EBITDA of just over $6 million, which exceeded the high end of our guidance. We also invested over $6 million in research and development that is being leveraged for the benefit of our existing customers and is helping to drive an increase in our pipeline of new business opportunities, reinforcing our optimism for profitable growth in fiscal 2019 and beyond."

Jamieson concluded, "Our business is generating substantial levels of cash from operations that sufficiently funded our investments in research and development, funded our debt service and increased our cash reserves. Our balance sheet and our business remain healthy, and we are energized by the direction we are taking our business for the long-term. We have a business plan for fiscal 2019 that we believe will deliver both top-line growth and increased profitability."

For earnings history and earnings-related data on MAM Software (MAMS) click here.

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