Overview
AI marketing tech firm's fiscal Q2 revenue was flat yr/yr at $3.9 mln
Net loss for fiscal Q2 narrowed compared to the prior year
Company reported strong new customer wins and expansion with HawkSearch clients
Outlook
Company did not provide specific financial guidance for the current quarter or full year
Result Drivers
NEW CUSTOMER WINS - Co said Q2 was its best quarter ever for new customer wins across number of sales, annual recurring revenue, and total contract value
PRODUCT INNOVATION - Launch of new AI Assistants, including Analytics Assistant and Shopping Assistant, cited as strengthening product suite and driving demand
EXISTING CUSTOMER EXPANSION - Co reported another strong quarter expanding sales to existing HawkSearch customers, indicating ongoing demand for its AI-powered products
Company press release: ID:nACStQsdma
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
-$432,000
Q2 Adjusted EBITDA
-$43,000
Q2 Income From Operations
Miss
-$426,000
-$100,000 (1 Analyst)
Q2 Pretax Profit
Miss
-$427,000
-$100,000 (1 Analyst)
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 29 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)