SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Talend Reports Fourth Quarter and Fiscal Year 2017 Financial Results
[February 13, 2018]

Talend Reports Fourth Quarter and Fiscal Year 2017 Financial Results


Talend (NASDAQ: TLND), a global leader in cloud and big data integration solutions, today released financial results for the fourth quarter and fiscal year ended December 31, 2017.

"We closed the year with record fourth quarter subscription revenue of $35.2 million, up 40% year-over-year," said Mike Tuchen, Talend CEO. "Cloud subscription revenue increased more than 100% year-over-year, as we continue to see cloud adoption accelerate. Subscription revenue in the Asia-Pacific region grew over 100% for the third quarter in a row as we continue to focus on expansion in international and emerging markets. During the year, we significantly strengthened our cloud capabilities, including multi-cloud support to help our customers execute their cloud transition. As we enter 2018, we believe the success we are experiencing with enterprise adoption demonstrates our ability to capture an increasing share of the big data and cloud integration market."



 
Fourth Quarter and Fiscal Year 2017 Financial Highlights
(in thousands, except per share data)
       
Three Months Ended December 31, Year Ended December 31,
2016 2017 2016 2017
 
Revenue:
Total Revenue $ 30,456 $ 41,519 $ 105,984 $ 148,595
Year-over-Year % Change 45% 36% 40% 40%
 
Subscription Revenue $ 25,181 $ 35,164 $ 88,629 $ 125,898
Year-over-Year % Change 43% 40% 41% 42%
Year-over-Year % Change - on a constant currency basis 48% 34% 44% 42%
 
IFRS operating margin -21% -26% -25% -19%
Non-IFRS operating margin (1) -18% -20% -21% -14%
 
Net loss:
IFRS $ (4,543) $ (10,684) $ (24,243) $ (31,208)
Non-IFRS (2) $ (3,692) $ (8,138) $ (20,929) $ (22,673)
 
Net loss per share:
Net loss per share - basic and diluted $ (0.16) $ (0.37) $ (1.68) $ (1.08)
Non-IFRS net loss per share $ (0.13) $ (0.28) $ (1.45) $ (0.78)
 
Shares outstanding used in computing per share amounts - basic and diluted 28,528 29,253 14,464 28,966
_________________
(1) Non-IFRS operating margin is calculated as non-IFRS loss from operations divided by total revenue.
 

(2) Non-IFRS financial measures exclude stock-based compensation, amortization of acquired intangibles, acquisition related costs and costs related to our follow-on offering and shelf-registration statement.

 

A reconciliation of IFRS to non-IFRS financial measures is provided in the financial tables below. An explanation of these measures is also included below, under the heading Non-IFRS Financial Measures.

Recent Business Highlights

We witnessed an extremely strong quarter on the partner front. In the fourth quarter we:

  • Collaborated with leading System Integrator Capgemini to embed Talend's on-demand training courses into their learning system, which will help increase the number of trained Talend consultants in the marketplace
  • Teamed with Amazon and Cognizant on a quick-start solution to streamline the deployment of Cloud Data Lakes on AWS
  • Achieved Microsoft Gold Cloud Competency & Co-Sell Partner Status underscoring Talend's expertise on the Microsoft Azure platform and the compatibility of our solutions
  • Announced the winners of 2017 Talend Data Masters Awards at Talend Connect user conference. Recipients included AIG, Johnson Controls, Paddy Power-Betfair, and Save the Children UK, each of which is using Talend solutions to innovate in their business

Financial Outlook

Talend's outlook assumes similar business conditions and foreign exchange rates as of January 31, 2018, and is inclusive of the Restlet acquisition which closed on November 8, 2017.

Our guidance is based on the new IFRS 15 revenue recognition standard that is effective for Talend beginning January 1, 2018 and will be adopted on a modified retrospective approach. See the section titled "New Revenue Recognition Standard Under IFRS 15" below.

First quarter of 2018:

  • Total revenue is expected to be in the range of $45.3 million to $46.3 million.
  • Loss from operations is expected to be in the range of $(10.3) million to $(9.3) million and non-IFRS loss from operations is expected to be in the range of $(5.5) million to $(4.5) million, as we step up our recruiting efforts in sales and marketing.
  • Net loss is expected to be in the range of $(10.6) million to $(9.6) million and non-IFRS net loss is expected to be in the range of $(5.8) million to $(4.8) million.
  • Net loss per basic and diluted share is expected to be in the range of $(0.36) to $(0.33) and non-IFRS net loss per share is expected to be in the range of $(0.20) to $(0.16).
  • Basic and diluted weighted average share count of 29.4 million shares.

Full year 2018:

  • Total revenue is expected to be in the range of $200.0 million to $202.0 million.
  • Loss from operations is expected to be in the range of $(30.3) million to $(29.3) million and non-IFRS loss from operations is expected to improve slightly and be in the range of $(13.3) million to $(12.3) million.
  • Net loss is expected to be in the range of $(31.3) million to $(30.3) million and non-IFRS net loss is expected to be in the range of $(14.3) million to $(13.3) million.
  • Net loss per basic and diluted share is expected to be in the range of $(1.05) to $(1.01) and non-IFRS net loss per share is expected to be in the range of $(0.48) to $(0.44).
  • Basic and diluted weighted average share count of 29.9 million shares.

These statements are forward-looking and actual results may differ materially. Refer to the section under the heading Forward-Looking Statements below for information on the factors that could cause our actual results to differ materially. An explanation of non-IFRS measures is also included below under the heading Non-IFRS Financial Measures.

Conference Call Information

Talend will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time on February 13, 2018. Parties in the United States and Canada can access the call by dialing (800) 580-5706, using conference code 2907855.

International parties can access the call by dialing (719) 457-2643, using conference code 2907855.

The webcast will be accessible on Talend's investor relations website at http://investor.talend.com for one year. A telephonic replay of the conference call will be available through Sunday, February 18, 2018. To access the replay, parties in the United States and Canada should call (866) 375-1919 and enter conference code 2907855. International parties should call (719) 457-0820 and enter conference code 2907855.

New Revenue Recognition Standard Under IFRS 15

In May 2014, the IASB issued IFRS 15, Revenue from Contracts with Customers, which supersedes current revenue recognition requirements. The financial information under the heading "Financial Outlook" above is prepared in accordance with IFRS 15.

The standard will be effective for Talend for financial periods beginning on January 1, 2018, and provides alternative approaches to adoption. Under the new standard, and only for our on-premise and self-hosted offering, a portion of the subscription revenue arrangement will be recognized upfront for the value associated with the software license element of the arrangement, which Talend believes will be minimal in comparison to the entire arrangement, approximately 10%. The standard will also require that we defer all incremental commission costs to obtain customer contracts, such as sales commissions. Talend will be required to capitalize and amortize sales commissions for initial contracts over a period of benefit that we have determined is approximately five years.

Non-IFRS Financial Measures

In addition to disclosing financial measures prepared in accordance with International Financial Reporting Standards (''IFRS'') as issued by the International Accounting Standard Board (''IASB''), this press release and the accompanying tables contain certain non-IFRS financial measures.

Non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. Talend considers these non-IFRS financial measures to be important because they provide useful indicators of its performance and liquidity measures. These are key measures used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short and long-term operational plans. In addition, investors often use similar measures to evaluate the performance of a company. Non-IFRS financial measures are presented for supplemental informational purposes only for understanding the company's operating performance. The non-IFRS financial measures should not be considered a substitute for financial information presented in accordance with IFRS, and may be different from non-IFRS financial measures presented by other companies. Please see the reconciliation of non-IFRS financial measures to the most directly comparable IFRS measure included in this release below.

Non-IFRS gross profit is calculated by adjusting gross profit to eliminate the impact of stock-based compensation expense and amortization of acquired intangibles.

Non-IFRS gross margin, expressed as a percentage, is calculated as non-IFRS gross profit divided by total revenue.

Non-IFRS loss from operations is calculated by adjusting loss from operations to eliminate the impact of stock-based compensation expense, amortization of acquired intangibles expense, acquisition related expense and costs related to follow-on offering and shelf registration statement.

Non-IFRS operating margin, expressed as a percentage, is calculated as non-IFRS loss from operations divided by total revenue.

Non-IFRS net loss is calculated by adjusting net loss to eliminate the impact of stock-based compensation expense, amortization of acquired intangibles expense, acquisition related expense and costs related to follow-on offering and shelf registration statement.

Non-IFRS cost of revenue is calculated by adjusting cost of revenue to eliminate the impact of stock-based compensation expense and amortization of acquired intangibles.

Non-IFRS operating expenses is calculated by adjusting operating expenses to eliminate the impact of stock-based compensation expense, amortization of acquired intangibles expense, acquisition related expense and costs related to follow-on offering and shelf registration statement.

Non-IFRS sales and marketing expense is calculated by adjusting sales and marketing expense to eliminate the impact of stock-based compensation expense and amortization of acquired intangibles.

Non-IFRS research and development expense is calculated by adjusting research and development expense to eliminate the impact of stock-based compensation expense and amortization of acquired intangibles.

Non-IFRS general and administrative expense is calculated by adjusting general and administrative expense to eliminate the impact of stock-based compensation expense, amortization of acquired intangibles expense, acquisition related expense and costs related to follow-on offering and shelf registration statement.

Free cash flow is defined as net cash from (used in) operating activities less cash used in investing activities for acquisition of property and equipment and intangible assets.

Subscription revenue growth on a constant currency basis represents subscription revenue adjusted to exclude foreign currency impacts. Subscription revenue on a constant currency basis is calculated by applying the average monthly currency rates for each month in the comparative period to the corresponding month in the current period. We believe the disclosure of subscription revenue in constant currency provides useful supplementary information to investors considering potential significant fluctuations in currency rates.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements in this press release include, but are not limited to, our anticipated operating results for the 2018 first quarter and fiscal year, our expectations regarding the evolution of our marketplace and the goals for our Talend Data Fabric, our ability to capture an increasing share of the big data and cloud integration market, our expectations regarding the impact of our collaborations with partners on our market, and our belief that we are well-positioned to capitalize on the growing trends of Hadoop, Spark, MapR Streams and cloud adoption. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to inherent risks, uncertainties and changes in circumstance that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks, and changes in circumstances, including without limitation risks and uncertainties related to our ability to continue to deliver and improve our products and successfully develop new products; customer acceptance and purchase of our existing products and new products, including conversion of bookings to sales; our ability to retain existing customers and generate new customers; the market for data integration solutions, particularly our big data and cloud integration solutions, not continuing to develop; competition from other products and services; and general market, political, economic and business conditions, including the fluctuation of foreign currency exchange rates.

The forward-looking statements contained in this press release are also subject to other risks and uncertainties, and the foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect our financial and operating results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation" and elsewhere in our most recent filings with the Securities and Exchange Commission, including our most recent reports on Form 6-K and our Form 20-F filed with the SEC on March 7, 2017. Our SEC filings are available on the Investors section of Talend's website at http://investor.talend.com and the SEC's website at www.sec.gov. The forward-looking statements in this press release are based on information available to us as of the date hereof, and we disclaim any obligation to update any forward-looking statements provided to reflect any change in our expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.

About Talend

Talend (NASDAQ: TLND) is a global leader in cloud and big data integration solutions that helps companies turn data into a strategic asset that delivers real-time, organization-wide insight into customers, partners, and operations. Through its open, native, and unified integration platform, Talend delivers the data agility required for companies to meet the constantly evolving demands of modern business. With Talend, companies can easily scale their data infrastructure and rapidly adopt the latest technology innovations in cloud and big data. Talend's solutions support over 1500 global enterprise customers including AstraZeneca, GE, HP Inc. and Lenovo, across a range of industries. Talend has also been recognized as a leader in its field multiple times by leading analyst firms, as well as several industry and data trade publications including InfoWorld and SD Times. For more information, please visit www.talend.com and follow us on Twitter: @Talend.

 
TALEND S.A.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER DATA
(in thousands, except per share amounts)
 
Three Months Ended December 31, Year Ended December 31,
2016 2017 2016 2017
 
Revenue
Subscriptions $ 25,181 $ 35,164 $ 88,629 $ 125,898
Professional services 5,275   6,355   17,355   22,697  
Total revenue 30,456 41,519 105,984 148,595
Cost of revenue
Subscriptions 3,658 4,757 12,278 16,367
Professional services 3,690   4,997   13,290   17,792  
Total cost of revenue 7,348 9,754 25,568 34,159
Gross profit 23,108 31,765 80,416 114,436
Operating expenses
Sales and marketing 18,628 25,560 67,580 86,892
Research and development 5,062 8,199 19,251 26,835
General and administrative 5,776   8,711   19,577   29,446  
Total operating expenses 29,466   42,470   106,408   143,173  
Loss from operations (6,358 ) (10,705 ) (25,992 ) (28,737 )
Finance income (expense) 1,791   253   1,812   (2,147 )
Loss before income tax expense (4,567 ) (10,452 ) (24,180 ) (30,884 )
Income tax (expense) benefit 24   (232 ) (63 ) (324 )
Net loss for the period $ (4,543 ) $ (10,684 ) $ (24,243 ) $ (31,208 )
 
Shares outstanding used in computing per share amounts - basic and diluted 28,528 29,253 14,464 28,966
 
Net loss per share - basic and diluted $ (0.16 ) $ (0.37 ) $ (1.68 ) $ (1.08 )
 
 
UNAUDITED STOCK-BASED COMPENSATION AND AMORTIZATION OF ACQUIRED INTANGIBLES EXPENSE
Total stock-based compensation and amortization of acquired intangibles expense included in the Unaudited Consolidated Statements of Operations is as follows:
 
Three Months Ended December 31, Year Ended December 31,
2016 2017 2016 2017
(unaudited)
Cost of revenue - subscriptions $ 12 $ 89 $ 74 $ 315
Cost of revenue - professional services 17 74 84 207
Sales and marketing 220 577 917 2,271
Research and development 166 739 674 1,613
General and administrative 436   345   1,565   2,441  
Total stock-based compensation and amortization of acquired intangibles expense $ 851   $ 1,824   $ 3,314   $ 6,847  
 

TALEND S.A.
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(in thousands)
   
December 31, 2016 December 31, 2017
 
Assets
Current assets:
Cash and cash equivalents $ 91,023 $ 87,024
Trade receivables, net 38,016 57,129
Other current assets   6,559     8,311  
Total current assets 135,598 152,464
Non-current assets:
Property and equipment, net 2,543 3,473
Goodwill 2,912 6,196
Intangible assets, net 509 7,528
Other non-current assets   3,089     3,137  
Total non-current assets   9,053     20,334  
Total assets $ 144,651   $ 172,798  
Liabilities
Current liabilities:
Trade and other payables $ 21,270 $ 30,562
Provisions 759 1,145
Deferred revenue 74,119 118,601
Borrowings   143     1,188  
Total current liabilities 96,291 151,496
Non-current liabilities:
Provisions 553 787
Deferred revenue 29,776 21,618
Borrowings   6     7  
Total non-current liabilities   30,335     22,412  
Total liabilities   126,626     173,908  
Equity
Share capital 2,980 3,059
Share premium 194,992 201,536
Foreign currency translation reserve 1,551 672
Share-based payments reserve 7,574 13,854
Other reserves - 49
Accumulated losses   (189,072 )   (220,280 )
Total shareholders' equity (deficit)   18,025     (1,110 )
Total liabilities and shareholders' equity (deficit) $ 144,651   $ 172,798  
 

TALEND S.A.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
   
Year Ended December 31,
  2016   2017  
 
Cash flows from operating activities:
Net loss for the period $ (24,243 ) $ (31,208 )
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation 1,193 1,527
Amortization of intangible assets 314 567
Unrealized (gain) loss foreign exchange (2,486 ) 1,751
Non-cash finance costs 85 -
Stock-based compensation 2,994 6,280
Income tax for the year 63 324
Income tax paid (172 ) (158 )
Changes in operating assets and liabilities:
Trade receivables (12,545 ) (16,533 )
Other assets (1,524 ) (1,747 )
Trade and other payables 6,648 7,178
Provisions 277 609
Deferred income   32,769     29,089  
Net cash from (used in) operating activities   3,373     (2,321 )
Cash flows from investing activities:
Acquisition of property and equipment (1,417 ) (2,224 )
Cash consideration for business acquisitions   -     (9,189 )
Net cash used in investing activities   (1,417 )   (11,413 )
Cash flows from financing activities:
Proceeds from issuance of ordinary shares upon initial public offering, net of offering costs and underwriters commissions and discounts 91,818 -
Proceeds from issuance of ordinary shares 926 6,672
Proceeds from borrowings 2,000 -
Repayment of borrowings (12,142 ) (153 )
Prepayment fee under Square 1 loan   (267 )   -  
Net cash from financing activities   82,335     6,519  
Net increase (decrease) in cash and cash equivalents 84,291 (7,215 )
Cash and cash equivalents at beginning of the period 6,930 91,023
Effect of exchange rate changes on cash and cash equivalents   (198 )   3,216  
Cash and cash equivalents at end of period $ 91,023   $ 87,024  
 

TALEND S.A.
IFRS to Non-IFRS Reconciliations
(In thousands)
(unaudited)
       
The following tables detail the reconciliation of IFRS financial measures to non-IFRS financial measures included in this release:
 
 
Loss from operations: Three Months Ended December 31,

Year Ended December 31,

  2016     2017     2016     2017  
 
Loss from operations $ (6,358 ) $ (10,705 ) $ (25,992 ) $ (28,737 )
Stock-based compensation expense 773 1,497 2,994 6,280
Amortization of acquired intangibles 78 327 320 567
Acquisition related costs - 300 - 300
Costs related to follow-on offering and shelf-registration statement   -     422     -     1,388  
Non-IFRS loss from operations $ (5,507 ) $ (8,159 ) $ (22,678 ) $ (20,202 )
 
Non-IFRS operating margin -18 % -20 % -21 % -14 %
 
Net loss: Three Months Ended December 31, Year Ended December 31,
  2016     2017     2016     2017  
 
Net loss $ (4,543 ) $ (10,684 ) $ (24,243 ) $ (31,208 )
Stock-based compensation expense 773 1,497 2,994 6,280
Amortization of acquired intangibles 78 327 320 567
Acquisition related costs - 300 - 300
Costs related to follow-on offering and shelf-registration statement   -     422     -     1,388  
Non-IFRS net loss $ (3,692 ) $ (8,138 ) $ (20,929 ) $ (22,673 )
 
 
Share count:
Weighted-average shares outstanding - basic and diluted 28,528 29,253 14,464 28,966
 
Net loss per share:
Net loss per share - basic and diluted $ (0.16 ) $ (0.37 ) $ (1.68 ) $ (1.08 )
Non-IFRS net loss per share $ (0.13 ) $ (0.28 ) $ (1.45 ) $ (0.78 )
 
 
 
Gross profit: Three Months Ended December 31, Year Ended December 31,
  2016     2017     2016     2017  
 
Gross profit $ 23,108 $ 31,765 $ 80,416 $ 114,436
Stock-based compensation expense 29 163 158 522
Amortization of acquired intangibles   -     -     -     -  
Non-IFRS gross profit $ 23,137   $ 31,928   $ 80,574   $ 114,958  
 
IFRS gross margin 76 % 77 % 76 % 77 %
Non-IFRS gross margin 76 % 77 % 76 % 77 %
 
 
Cost of revenue: Three Months Ended December 31, Year Ended December 31,
  2016     2017     2016     2017  
 
Cost of revenue $ (7,348 ) $ (9,754 ) $ (25,568 ) $ (34,159 )
Stock-based compensation expense 29 163 158 522
Amortization of acquired intangibles   -     -     -     -  
Non-IFRS cost of revenue $ (7,319 ) $ (9,591 ) $ (25,410 ) $ (33,637 )
 
 
Operating expenses: Three Months Ended December 31, Year Ended December 31,
  2016     2017     2016     2017  
 
Operating expenses $ (29,466 ) $ (42,470 ) $ (106,408 ) $ (143,173 )
Stock-based compensation expense 744 1,334 2,836 5,758
Amortization of acquired intangibles 78 327 320 567
Acquisition related costs - 300 - 300
Costs related to follow-on offering and shelf-registration statement   -     422     -     1,388  
Non-IFRS operating expenses $ (28,644 ) $ (40,087 ) $ (103,252 ) $ (135,160 )
 
 
Sales and marketing expense: Three Months Ended December 31, Year Ended December 31,
  2016     2017     2016     2017  
 
Sales and marketing expense $ (18,628 ) $ (25,560 ) $ (67,580 ) $ (86,892 )
Stock-based compensation expense 220 577 917 2,271
Amortization of acquired intangibles   -     -     -     -  
Non-IFRS sales and marketing expense $ (18,408 ) $ (24,983 ) $ (66,663 ) $ (84,621 )
 
 
Research and development expense: Three Months Ended December 31, Year Ended December 31,
  2016     2017     2016     2017  
 
Research and development expense $ (5,062 ) $ (8,199 ) $ (19,251 ) $ (26,835 )
Stock-based compensation expense 134 491 542 1,263
Amortization of acquired intangibles   32     248     134     350  
Non-IFRS research and development expense $ (4,896 ) $ (7,460 ) $ (18,575 ) $ (25,222 )
 
 
General and administrative expense: Three Months Ended December 31, Year Ended December 31,
  2016     2017     2016     2017  
 
General and administrative expense $ (5,776 ) $ (8,711 ) $ (19,577 ) $ (29,446 )
Stock-based compensation expense 390 266 1,377 2,224
Amortization of acquired intangibles 46 79 186 217
Acquisition related costs - 300 - 300
Costs related to follow-on offering and shelf-registration statement   -     422     -     1,388  
Non-IFRS general and administrative expense $ (5,340 ) $ (7,644 ) $ (18,014 ) $ (25,317 )
 

TALEND S.A.
Free Cash Flow
(In thousands)
(unaudited)
       

The following table details our free cash flow for the three months and year ended December 31, 2016 and 2017, and a reconciliation to the most directly comparable IFRS measure:

 

 
Free cash flow:
Three Months Ended December 31, Year Ended December 31,
2016 2017 2016 2017
 
Net cash from (used) in operating activities 2,449 (1,459 ) 3,373 (2,321 )
Less: Acquisition of property and equipment   289   551     1,417   2,224  
Free cash flow $ 2,160 $ (2,009 ) $ 1,956 $ (4,545 )
 

TALEND S.A.
Constant Currency Reconciliation
(In thousands)
(unaudited)
     

The following table details our constant currency reconciliation for the three months ended December 31, 2017 to the most directly comparable IFRS measure:

 
 
Three Months Ended December 31, Year-over-Year Change
2016 2017  
 
Subscription revenue as reported 25,181 35,164 40 %
Conversion impact U.S. Dollar/other currencies   -   (1,405 )  
Subscription revenue on a constant currency basis $ 25,181 $ 33,759   34 %
 
TALEND S.A.
IFRS to Non-IFRS Reconciliations for EPS Guidance
(In millions)
(unaudited)
       
The following tables detail the reconciliation of IFRS financial measures to non-IFRS financial measures included in this release:
 
Guidance for the first quarter and full year 2018:
 
Three Months Ended March 31, 2018 Year Ended December 31, 2018
Low High Low High
 
Loss from operations $ (10.3 ) $ (9.3 ) $ (30.3 ) $ (29.3 )
Stock-based compensation expense 4.3 4.3 15.0 15.0
Amortization of acquired intangibles   0.5     0.5     2.0     2.0  
Non-IFRS loss from operations $ (5.5 ) $ (4.5 ) $ (13.3 ) $ (12.3 )
 
Three Months Ended March 31, 2018 Year Ended December 31, 2018
Low High Low High
 
Net loss $ (10.6 ) $ (9.6 ) $ (31.3 ) $ (30.3 )
Stock-based compensation expense 4.3 4.3 15.0 15.0
Amortization of acquired intangibles   0.5     0.5     2.0     2.0  
Non-IFRS net loss $ (5.8 ) $ (4.8 ) $ (14.3 ) $ (13.3 )
 
Shares outstanding used in computing IFRS and Non-IFRS per share amounts 29.4 29.4 29.9 29.9
 
Net loss per share:
Net loss per share - basic and diluted $ (0.36 ) $ (0.33 ) $ (1.05 ) $ (1.01 )
Non-IFRS net loss per share $ (0.20 ) $ (0.16 ) $ (0.48 ) $ (0.44 )
 
 
Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.


[ Back To TMCnet.com's Homepage ]






Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy