MobileIron (NASDAQ: MOBL) reported Q4 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $54.1 million versus the consensus estimate of $54.58 million.

Fourth Quarter 2018 Financial Highlights

• Recurring revenue was $40.8 million, up 21% year-over-year.
• Revenue was $54.1 million, up 10% year-over-year.
• Billings were $69.5 million, up 15% year-over-year.
• GAAP net loss per share was $0.07; non-GAAP net income per share was $0.03.
• Cash generated in operating activities was $7.1 million.

Full Year 2018 Financial Highlights

• Recurring revenue was $151.1 million, up 18% year-over-year.
• Revenue was $193.2 million, up 7% year-over-year.
• Billings were $223.3 million, up 11% year-over-year.
• GAAP operating margin was -22.2%; non-GAAP operating margin was -2.2%
• GAAP net loss per share was $0.42; non-GAAP net loss per share was $0.04.
• Cash generated in operating activities was $14.2 million.

“In 2018 the team at MobileIron did an exceptional job driving improved performance. Our steady execution and commitment to reinvigorate growth has clearly paid off as we steadily increased our growth rate through the year and achieved record non-GAAP operating income in each of the last two quarters,” said Simon Biddiscombe, CEO, MobileIron. “The Zero Trust threat landscape requires security that starts at the endpoint and stretches seamlessly to the cloud services modern work relies on. MobileIron delivers the most comprehensive security suite to ensure valuable company data is not compromised. With a strong and cohesive team and best-in-class products, I am confident that MobileIron has resumed an upward trajectory and will continue our progress in 2019.”

GUIDANCE:

MobileIron sees Q1 2019 revenue of $46-49 million, versus the consensus of $49.08 million.

MobileIron sees FY2019 revenue of $205-215 million, versus the consensus of $213.05 million.

For earnings history and earnings-related data on MobileIron (MOBL) click here.