Speed Commerce (SPDC) Tops Q1 EPS by 2c, Offers FY Outlook
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Speed Commerce Reports Fiscal First Quarter 2016 Results
August 10, 2015 8:30 AM EDTDALLAS, Aug. 10, 2015 (GLOBE NEWSWIRE) -- Speed Commerce, Inc. (NASDAQ: SPDC), a leading provider of ecommerce technology and omni-channel solutions for retailers, reported financial results for its fiscal first quarter ended June 30, 2015. The following figures exclude results from the company's retail distribution segment, which was reclassified into discontinued operations in the quarter ended March 31, 2014 and sold on July 9, 2014.
Fiscal Q1 2016 Summary vs. Same Year-Ago Quarter
Net revenues increased 56% to $34.3 million Adjusted gross profit margin increased 400 basis points to 25.4% Adjusted EBITDA increased 85% to $2.6 million Net loss from continuing operations of... More