Stock Monitor: SMART Global Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 10, 2018 / Active-Investors.com has just released a free earnings report on Tintri, Inc. (NASDAQ: TNTR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TNTR. The Company posted its financial results on December 13, 2017, for the third quarter fiscal 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for SMART Global Holdings, Inc. (NASDAQ: SGH), which also belongs to the Technology sector as the Company Tintri. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Tintri most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For three months ended October 31, 2017, Tintri's revenues decreased 6.3% to $31.77 million from $33.92 million in Q3 FY17. The Company's revenue was below analysts' expectations of $36.6 million.

For the reported quarter, the Company's product revenue decreased 15.3% to $22.76 million from $26.87 million in Q3 FY17. For the reported quarter, the Company's support and maintenance revenue increased 27.8% to $9.01 million from $7.05 million in Q3 FY17.

For the reported quarter, the Company's gross profit decreased 16.1% to $18.92 million from $22.54 million in Q3 FY17. During Q3 FY18, Tintri's gross margin decreased 700 basis points to 59.5% of revenue from 66.5% of revenue in Q3 FY17. During Q3 FY18, Tintri's adjusted gross margin decreased 520 basis points to 61.7% of revenue from 66.9% of revenue in Q3 FY17.

For the reported quarter, the Company's operating loss was $35.75 million compared to operating loss of $22.50 million in Q3 FY17. For the reported quarter, the Company's adjusted operating loss was $22.55 million compared to adjusted operating loss of $19.20 million in Q3 FY17.

During Q3 FY18, Tintri's earnings before tax (EBT) was negative $37.79 million compared to negative $23.68 million in the same period last year.

For the reported quarter, Tintri's net loss was $37.93 million compared to net loss of $23.77 million in Q3 FY17. During Q3 FY18, the Company's diluted earnings per share (EPS) was negative $1.21 compared to negative $6.87 in the same period last year. For the reported quarter, Tintri's adjusted net loss was $24.72 million compared to adjusted net loss of $20.48 million in Q3 FY17. During Q3 FY18, the Company's adjusted diluted EPS was negative $0.79 compared to negative $0.95 in the same period last year. Adjusted diluted EPS was in-line with analysts' expectations of negative $0.79.

Balance Sheet

As on October 31, 2017, Tintri's cash and cash equivalents increased 1.8% to $48.90 million from $48.05 million on January 31, 2017. For the reported quarter, the Company's long-term debt increased 1.4% to $49.61 million from $48.91 million in Q4 FY17.

For the reported quarter, the Company's net accounts receivable decreased 31.2% to $21.16 million from $30.75 million in Q4 FY17. For the reported quarter, the Company's accounts payable decreased 1.6% to $15.42 million from $15.67 million in Q4 FY17.

For the reported quarter, the Company's net inventories increased 6.9% to $6.96 million from $6.51 million in Q4 FY17. For the reported quarter, the Company's total assets decreased 3.8% to $100.94 million from $104.90 million in Q4 FY17.

During Q3 FY18, the Company's net cash provided by operating activities was negative $30.16 million compared to negative $18.69 million in the same period last year. During Q3 FY18, the Company's free cash flow was negative $32.20 million compared to negative $19.79 million in the same period last year.

Outlook

For Q4 FY18, the Company expects revenue to be in the range of $25 million to $27 million and estimates adjusted diluted EPS to be in the range of $0.79 to $0.83.

Stock Performance Snapshot

January 09, 2018 - At Tuesday's closing bell, Tintri's stock rose 1.06%, ending the trading session at $5.71.

Volume traded for the day: 73.39 thousand shares.

Stock performance in the last month ? up 3.07%; previous three-month period ? up 84.79%; and year-to-date ? up 11.96%

After yesterday's close, Tintri's market cap was at $182.95 million.

The stock is part of the Technology sector, categorized under the Semiconductor- Memory Chips industry.

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