LiveRamp (NYSE: RAMP) reported Q4 EPS of $0.04, $0.02 better than the analyst estimate of $0.02. Revenue for the quarter came in at $119.18 million versus the consensus estimate of $116.14 million.

Fourth Quarter Financial Highlights
All metrics compared to the prior year period

• Total revenue was $119 million, up 13%.
• Subscription revenue was $94 million, up 13% and contributed 79% of total revenue.
• Marketplace & Other revenue was $25 million, up 13%.
• GAAP gross profit was $82 million, up 19%, and GAAP gross margin of 68% expanded 3 percentage points. Non-GAAP gross profit was $88 million, up 18%, and non-GAAP gross margin of 74% expanded 3 percentage points.
• GAAP operating loss was $52 million compared to a GAAP operating loss of $41 million in the prior year period. Non-GAAP operating income was $1 million compared to a non-GAAP operating loss of $16 million in the prior year period.
• GAAP loss per share was $0.49, and non-GAAP earnings per share was $0.04.
• Net cash used in operating activities was $18 million compared to net cash used in operating activities of $0 million in the prior year period.

“LiveRamp had an exceptional year amidst an unprecedented macro environment. I am proud of how our team showed up for our customers and each other in FY21,” said LiveRamp CEO Scott Howe. “LiveRamp’s Authenticated Traffic Solution has become the industry standard for identity in a post cookie world, and Safe Haven® is game changing for the future of data-driven customer experience.”

“LiveRamp again delivered on its commitments in FY21,” said LiveRamp President and CFO Warren Jenson. “Not only did we meaningfully grow our top-line, we delivered a record bottom-line performance, as well. We were profitable on a non-GAAP operating income basis in each quarter of FY21. Further, our record bookings performance positions us well for another strong year in FY22.”

GUIDANCE:

LiveRamp sees Q1 2022 revenue of $112 million, versus the consensus of $112.88 million.

LiveRamp sees FY2022 revenue of $509 million, versus the consensus of $507.67 million.

LiveRamp’s non-GAAP guidance excludes the impact of non-cash stock compensation, purchased intangible asset amortization, and restructuring charges.

For the first quarter of fiscal 2022, LiveRamp expects to report:

• Revenue of up to $112 million, an increase of up to 13% year-over-year
• GAAP operating loss of approximately $30 million
• Non-GAAP operating loss of up to $2 million

For fiscal 2022, LiveRamp expects to report:

• Revenue of up to $509 million, an increase of up to 15% year-over-year
• GAAP operating loss of between $119 million and $114 million
• Non-GAAP operating income of between $0 million and $5 million

For earnings history and earnings-related data on LiveRamp (RAMP) click here.