Zix Reports First Quarter 2021 Financial Results
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ZixCorp (ZIXI) Reports In-Line Q1 EPS, Revenues Beat; Offers 2Q & FY21 EPS Guidance Below Consensus, 2Q & FY21 Revs. Views Above Consensus
May 5, 2021 4:22 PM EDTZixCorp (NASDAQ: ZIXI) reported Q1 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $60 million versus the consensus estimate of $59.13 million.
First Quarter 2021 Financial Highlights (results compared to the same year-ago quarter)
Revenue increased 14% to $60.0 million.Annual recurring revenue (ARR) increased 14% to $243.6 million. Cloud ARR increased 20% to $214.3 million or 88% of total ARR.GAAP net loss totaled ($2.5) million compared to a year ago net loss of ($0.9) million.GAAP net loss attributable to common stockholders totaled ($4.8) million compared to a year ago net loss... More