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ZIXI - Zix News Story

$7.5 -0.1  -0.9%

Last Trade - 2:45pm

Sector
Technology
Size
Small Cap
Market Cap £315.3m
Enterprise Value £454.8m
Revenue £159.4m
Position in Universe 3696th / 6827

BRIEF-Zix Q1 Loss Per Share $0.17

Thu 2nd May, 2019 9:44pm
May 2 (Reuters) - Zix Corp  ZIXI.O :
    * ZIX REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS
    * SEES Q2 2019 REVENUE $44.5 MILLION TO $45 MILLION
    * Q1 REVENUE $29.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$27.2
MILLION
    * Q1 GAAP LOSS PER SHARE $0.17
    * SEES Q2 2019 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.11 TO
$0.12
    * Q1 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES
DATA
    * QTRLY TOTAL BILLINGS INCREASED 15% TO $28.5 MILLION
    * SEES Q2 2019 FULLY DILUTED GAAP LOSS PER SHARE TO BE IN A
RANGE
OF $0.05 AND $0.03
    * FOR FISCAL YEAR OF 2019, INCREASING PREVIOUSLY DISCLOSED
REVENUE
GUIDANCE TO A RANGE OF BETWEEN $167.0 MILLION TO $169.0 MILLION
    * FOR FISCAL YEAR 2019 FORECASTS FULLY DILUTED GAAP LOSS PER
SHARE
GUIDANCE TO A RANGE OF BETWEEN $0.26 AND $0.20
    * SEES FY 2019 FULLY DILUTED NON-GAAP ADJUSTED EARNINGS PER
SHARE
TO A RANGE OF BETWEEN $0.40 AND $0.42
    * ZIX IS TARGETING ARR OF APPROXIMATELY $202 MILLION TO $209
MILLION AT FISCAL 2019 YEAR END
    * ZIX MANAGEMENT IS EXPECTING REVENUE OF ABOUT $47.5 MILLION
TO
$50 MILLION WITH A 24% ADJUSTED EBITDA MARGIN IN Q4 OF 2019

Source text for Eikon:  ID:nBw8dMrMga 
Further company coverage:  ZIXI.O 

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