Speed Commerce, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016
June 15, 2015 at 10:49 am EDT
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Speed Commerce, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net revenues of $36,624,000 against $23,925,000 a year ago. Loss from operations was $35,326,000 against $1,549,000 a year ago. Loss from operations, before income tax were $30,535,000 against $2,181,000 a year ago. Net loss was $32,673,000 against $18,982,000 a year ago. Net loss from continuing operations was $30,405,000 against $2,418,000 a year ago. Basic and diluted net loss per share was $0.54 against $0.29 a year ago. Adjusted EBITDA was $3,250,000 against $4,697,000 a year ago. For the quarter based on adjusted pro forma, the company reported loss from operations of $144,000 against income of $2,463,000 a year ago. Loss before income tax was $2,465,000 against income of $1,831,000 a year ago.
For the year, the company reported net revenues of $120,008,000 against $107,079,000 a year ago. Loss from operations was $42,562,000 against $5,725,000 a year ago. Loss from operations, before income tax were $42,632,000 against $7,579,000 a year ago. Net loss was $56,026,000 against $26,566,000 a year ago. Net loss from continuing operations was $42,845,000 against $7,869,000 a year ago. Basic and diluted net loss per share was $0.91 against $0.13 a year ago. Adjusted EBITDA was $10,410,000 against $12,343,000 a year ago. For the year based on adjusted pro forma, the company reported loss from operations of $3,833,000 against income from operations of $5,448,000 a year ago. Loss before income tax was $7,505,000 against income before income taxes of $3,594,000 a year ago.
The company provided earnings guidance for the fiscal year 2016. For fiscal 2016, the company remains on track with net revenues expected to range between $160 million to $175 million, representing an increase of approximately 33% to 46% from fiscal 2015. The company also maintains its expectation for adjusted EBITDA in fiscal 2016 to range between $15 million to $17 million, an increase of approximately 44% to 63%.
Speed Commerce, Inc. is a single-source provider of omnichannel customer experience solutions and technology for ecommerce retailers and manufacturers. The Company specializes in ecommerce order fulfillment and contact center operations, assisting ecommerce retailers. Its cloud-based fulfillment platform for order and inventory management features integration with ecommerce platforms, and automatic order importing from online marketplaces, including Amazon, Magento, and Shopify. The Company offers a range of solutions, such as e-commerce customer service, fulfillment and warehousing, and client services. Its e-commerce customer services include inbound and outbound telephone support services, order processing, upselling, and cross-selling, email inquiries, outbound marketing campaigns, database scrubbing, and market research. Its fulfillment and warehousing solutions include receiving, picking and packing, shipping, inventory management, returns management, and cross-docking.
Speed Commerce, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016
SPEED COMMERCE, INC. 