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

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ServiceSource Reports Third Quarter 2019 Financial Results

October 29, 2019 4:05 PM EDT

Total Revenue of $53.4 million

GAAP Net Loss of $4.4 million; Non-GAAP Net Loss of $0.7 million

Adjusted EBITDA of $1.1 million

DENVER--(BUSINESS WIRE)-- ServiceSource (NASDAQ: SREV), the digital customer journey experience company, today announced financial results for the three months ended September 30, 2019.

We had a solid third quarter with improved focus, execution and results throughout the business, said Gary B. Moore, Chairman and CEO of ServiceSource. We grew revenue and expanded non-GAAP gross margins sequentially from last quarter, while strong expense discipline... More