Pros Holdings (NYSE: PRO) reported Q4 EPS of ($0.06), $0.07 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $52.6 million versus the consensus estimate of $50.78 million.

“As the market embraces our AI solutions, we are driving strong growth and rapid transformation in our business,” stated CEO Andres Reiner. “Subscription revenue accounted for more than half of total revenue for the first time in our company\'s history last quarter, and we surpassed our pre-transition total revenue in less than four years from when we began our journey to the cloud. We enter 2019 excited by the opportunity in front of us to accelerate our growth once again.”

CFO Stefan Schulz said, “We successfully drove both growth and scale in our business in 2018. In the fourth quarter, we improved our non-GAAP subscription gross margins by nine percentage points year-over-year and our operating margins by seven percentage points year-over-year. We also achieved our goal of reaching near breakeven free cash flow in 2018. We have strong momentum coming into 2019 and remain on track to achieve our long-term financial goals.”

GUIDANCE:

Pros Holdings sees Q1 2019 EPS of ($0.15)-($0.13), versus the consensus of ($0.14). Pros Holdings sees Q1 2019 revenue of $54-55 million, versus the consensus of $53.41 million.

Pros Holdings sees FY2019 revenue of $231-233 million, versus the consensus of $226.5 million.

For earnings history and earnings-related data on Pros Holdings (PRO) click here.