Medallia (MDLA) Reports In-Line Q4 EPS, Revenues Beat; Offers FY22 Revenue Guidance Above Consensus, 1Q Revenues Outlook Below Consensus

Medallia (NYSE: MDLA) reported Q4 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $128 million versus the consensus estimate of $124.59 million.

Financial Highlights for the Fourth Quarter of Fiscal 2021

• Total revenue for the quarter was $128.0 million, an increase of 16% from the same period last year. Subscription revenue was $103.8 million, an increase of 20% from the same period last year.
• Loss from operations for the quarter was $41.2 million, compared to loss from operations of $32.8 million in the same period last year. Non-GAAP income from operations for the fourth quarter was $549,000, compared to $3,000 in the same period last year.
• Net loss for the quarter was $48.8 million, or $(0.32) per share, basic and diluted, compared to net loss of $31.9 million, or $(0.25) per share, basic and diluted, in the same period last year. Non-GAAP net loss was $1.4 million, or $(0.01) per share, basic and diluted, compared to non-GAAP net income of $491,000, or $0.00 per share, basic and diluted, in the same period last year.
• Cash, cash equivalents and marketable securities were $682.4 million as of January 31, 2021.

“During Q4, we achieved important milestones with quarterly subscription revenue exceeding $100 million and total annual revenue run rate exceeding the $500 million mark,” said Leslie Stretch, President and CEO of Medallia. “We are out-innovating competitors and continue to invest in global sales coverage and product development. Markets are being disrupted by exponential forces putting customers and employees at the center of digital transformation. Medallia is the only platform that makes all other applications customer and employee aware, transforming value for partners, customers, citizens, patients and employees.”

GUIDANCE:

Medallia sees Q1 2022 revenue of $126-128 million, versus the consensus of $128.52 million.

Medallia sees FY2022 revenue of $563-567 million, versus the consensus of $554.79 million.

For earnings history and earnings-related data on Medallia (MDLA) click here.

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