ServiceSource Reports Third Quarter 2019 Financial Results

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Go back to ServiceSource Reports Third Quarter 2019 Financial Results

ServiceSource (SREV) Reports Q3 Loss of $0.01, Revenues Beat

October 29, 2019 4:16 PM EDT

ServiceSource (NASDAQ: SREV) reported Q3 EPS of ($0.01), versus $0.01 reported last year. Revenue for the quarter came in at $53.4 million versus the consensus estimate of $49 million.

Key Financial Results Third Quarter 2019

GAAP revenue was $53.4 million, compared with $57.2 million reported for Q3 2018.GAAP net loss was $4.4 million or $0.05 per diluted share, compared with GAAP net loss of $6.6 million or $0.07 per diluted share reported for Q3 2018.Non-GAAP net loss was $0.7 million or $0.01 per diluted share, compared with non-GAAP net income of $0.7 million or $0.01 per diluted share reported for Q3 2018.Adjusted EBITDA was... More