BroadSoft Q1 Loss Widens - Quick Facts

(RTTNews) - BroadSoft, Inc. (BSFT) reported a net loss for the first quarter of $7.5 million, or $0.26 per share, compared to a net loss of $2.3 million, or $0.08 per share, a year ago. On a non-GAAP basis, net income in the first quarter of 2014 was $2.1 million, or $0.07 per share.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose to $43.9 million in the first quarter of 2014, an increase of 11% compared to $39.6 million in the first quarter of 2013. Analysts expected revenue of $44.48 million for the quarter.

For the second quarter of 2014, BroadSoft anticipates revenue of $48 million to $52 million. The company expects earnings on a non-GAAP basis of $0.17 to $0.31 per share. Analysts expect the company to report second-quarter profit per share of $0.33 on revenue of $50.39 million.

For the full year 2014, BroadSoft continues to expect revenue of $206 million to $212 million and earnings on a non-GAAP basis of $1.26 to $1.46 per share. Analysts expect the company to report full year profit per share of $1.35 on revenue of $208.75 million.