Zix Reports Second Quarter 2020 Financial Results

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Go back to Zix Reports Second Quarter 2020 Financial Results

ZixCorp (ZIXI) Tops Q2 EPS by 1c, Revenues Beat; Offers 3Q & FY20 EPS Guidance Above Consensus; Provides 3Q & FY20 Revenue Outlook

August 5, 2020 5:06 PM EDT

ZixCorp (NASDAQ: ZIXI) reported Q2 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $53.3 million versus the consensus estimate of $52.37 million.

Second Quarter 2020 Financial Highlights (results compared to the same year-ago quarter)

Revenue increased 16% to $53.3 million.Annual recurring revenue (ARR) increased 11% to $215.9 million.GAAP net loss attributable to common stockholders totaled ($4.1) million compared to a year ago net loss attributable to common stockholders of ($7.1) million. The companys Q2 net loss attributable to common shareholders includes the effect of a deemed dividend to preferred shareholders... More