Bottomline Technologies (EPAY) Misses Q3 EPS by 6c

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Go back to Bottomline Technologies (EPAY) Misses Q3 EPS by 6c

Bottomline Technologies Reports Third Quarter Results

May 6, 2020 4:05 PM EDT

PORTSMOUTH, N.H., May 06, 2020 (GLOBE NEWSWIRE) -- Bottomline Technologies (Nasdaq: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today reported financial results for the third quarter ended March 31, 2020.

Subscription revenue was $87.5 million for the third quarter, up 16% as compared to the third quarter of last year. Subscription revenue was 78% of total revenues, up 7 percentage points from 71% a year prior.

Total revenues for the third quarter were $111.7 million. GAAP net loss for the third quarter was $7.5 million, or 7% of revenue. GAAP net loss per... More