Liqd report, not too bad!!
They beat by 4 cents a share on earnings and 1.54 million revenue to estimates of 1.47 million.
Software services revenue increased 20% over prior quarter and 131% year-over-year to $1.5 million
GAAP basic and diluted EPS of $(0.15)
Adjusted basic and diluted EPS of $(0.10)
Annual Contract Value ("ACV") rose 4.2% over prior quarter to $5.45 million
Customer base grew 9.2% from March 31, 2014 to 130 customers
Total contracted software units rose 3% from March 31, 2014 to 785 units
Substantially strengthened balance sheet and closed the quarter with $36 million in cash.
Software services revenue increased during the second quarter of 2014 to $1.5 million, or 131%, from $0.7 million in the second quarter of 2013. GAAP net loss for the second quarter of 2014 decreased to $6.3 million, or $0.15 per basic and diluted share, compared to a net loss of $21.7 million, or $1.04 per basic and diluted share, in the second quarter of 2013. The net loss for the second quarter was due primarily to compensation expense of $2.3 million (including $0.3 million of share-based compensation), depreciation and amortization of $1.8 million, and computer related and software development expense of $1.4 million. Depreciation and amortization was predominantly for amortization of acquisition-related intangible assets.
According to last 10Q, Basic and diluted loss per share was (.33)
AI
