QAD Reports Fiscal 2020 First Quarter Financial Results

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Go back to QAD Reports Fiscal 2020 First Quarter Financial Results

QAD Inc. (QADB) Reports Q1 Loss of $0.14, Slight Miss on Revenues; Q2 Revenue Guidance Below Consensus, FY20 Revenue Mid-Point Guidance Above Consensus

May 29, 2019 4:16 PM EDT

QAD Inc. (NASDAQ: QADB) reported Q1 EPS of ($0.14), versus $0.06 reported last year. Revenue for the quarter came in at $78.04 million versus the consensus estimate of $78.25 million.

Subscription revenue of $25.3 million, up from $21.5 million. Currency had a $584,000 negative impact.Subscription gross margin of 63 percent, versus 62 percent.License revenue of $4.5 million, compared with $6.3 million.... More

QAD, Inc. (QADA) Misses Q1 EPS by 9c, Revenues Miss; Offers Q2 & FY20 Revenue Guidance Below Consensus

May 29, 2019 4:13 PM EDT

QAD, Inc. (NASDAQ: QADA) reported Q1 EPS of ($0.17), $0.09 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $78.04 million versus the consensus estimate of $78.25 million.

Subscription revenue of $25.3 million, up from $21.5 million. Currency had a $584,000 negative impact.Subscription gross margin of 63 percent, versus 62 percent.License revenue of $4.5 million, compared with $6.3... More