ZixCorp (ZIXI) Reports In-Line Q1 EPS

ZixCorp (NASDAQ: ZIXI) reported Q1 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $16.7 million versus the consensus estimate of $16.74 million.

First Quarter 2018 Financial Highlights (results compared to the same year-ago quarter)

• Revenue increased 5% to $16.7 million
• Annual contract value increased 7% to a record $68.4 million
• New first year orders increased 9% to $2.3 million
• Total orders increased 3% to $14.8 million
• GAAP net income increased 7% to $1.9 million
• GAAP fully diluted earnings per share increased 7% to $0.04
• Cash flow from operations decreased to $1.0 million
• Non-GAAP fully diluted earnings per share increased 16% to $0.08
• Adjusted EBITDA increased 8% to $4.8 million
• The company ended the quarter with $29.3 million in cash and no debt

For earnings history and earnings-related data on ZixCorp (ZIXI) click here.

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