Zuora Inc. added. expected its latest financial results on Thursday as it set out a better-than-expected forecast for the full year ahead.
The company, which makes software for membership-based businesses, posted a fourth-quarter net fiscal loss of $ 18.8 million, or 16 cents a share, compared to a loss of $ 23.8 million, or 21 cents the division, in the preceding fourth year.
After adjusting for stock-based compensation and other expenses, Zuora ZUO,
lost 2 cents a share compared to a loss of 9 cents in the previous year’s share. Analysts who conducted FactSet were predicting a 5-share loss on a variable basis.
Zuora posted revenue of $ 79.3 million for the quarter, up 13% from the $ 70.4 million it recorded a year prior and ahead of the $ 76.1 million FactSet consensus.
Shares fell 0.4% in after-hours trading on Thursday.
The company expects fiscal revenue in the first quarter of $ 78 million to $ 80 million and adjusted loss per share of 3 cents to 4 cents. Analysts called FactSet were monitoring $ 79.4 million in revenue and a 4-percent adjusted loss per share.
For the entire fiscal year, Zuora is projecting revenue of $ 335 million to $ 337 million and adjusted loss per share of 6 cents to 10 cents. FactSet’s consensus is for $ 332.9 million in revenue and a 9-percent adjusted loss per share.