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ECOM - ChannelAdvisor News Story

$22 0.6  2.7%

Last Trade - 05/03/21

Sector
Technology
Size
Mid Cap
Market Cap £461.7m
Enterprise Value £410.0m
Revenue £104.8m
Position in Universe 3214th / 6651

BRIEF-Channeladvisor Q2 GAAP Loss Per Share $0.05

Thu 8th August, 2019 11:48am
Aug 8 (Reuters) - ChannelAdvisor Corp  ECOM.N :
    * CHANNELADVISOR REPORTS SECOND QUARTER 2019
RESULTS; ADJUSTED
EBITDA SIGNIFICANTLY EXCEEDS GUIDANCE
    * Q2 GAAP LOSS PER SHARE $0.05
    * Q2 EARNINGS PER SHARE ESTIMATE $0.01 -- REFINITIV IBES
DATA
    * Q2 REVENUE $31.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$31.7
MILLION
    * CASH AND CASH EQUIVALENTS TOTALED $49.0 MILLION AS OF JUNE
30,
2019, VERSUS $47.2 MILLION AS OF DECEMBER 31, 2018
    * IN JULY, CO ALSO IMPLEMENTED A REORGANIZATION OF OUR
BUSINESS
    * CHANNELADVISOR - SEES Q3 REVENUE $31.5 MILLION - $32.0
MILLION
    * SEES FY 2019 REVENUE $129.0 MILLION - $131.0 MILLION
    * JULY REORGANIZATION LED TO DISCONTINUING PHYSICAL PRESENCE
IN
CHINA AND TO REDUCING HEADCOUNT IN U.S.
    * CHANNELADVISOR - SEES Q3 ADJUSTED EBITDA $4.0 MILLION -
$4.5
MILLION
    * Q3 REVENUE VIEW $33.0 MILLION -- REFINITIV IBES DATA
    * SEES FY 2019 ADJUSTED EBITDA $17.0 MILLION - $18.5 MILLION
    * FY2019 REVENUE VIEW $132.5 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX9v0vrB 
Further company coverage:  ECOM.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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