Q: Looks to have had a good quarter. Thoughts on the quarter and outlook?
5i Research Answer:
EPS of 12c beat estimates of 8c; revenue of $46.5M beat estimates of $46.0M. EBITDA of $4.5M beat estimates by 27%. Adjusted profit more than tripled as sales rose 26%. 4Q sales guidance was affirmed close to estimates. Subscription revenue represented 94% of sales. Gross margin increased marginally to 81.1%. Customer count went from 3,245 to 3,679. Net cash is $202M. We would consider this a solid quarter.