E2open Q2 Loss Widens; Cuts FY15 Outlook

(RTTNews) - E2open, Inc. (EOPN) reported a net loss for the second quarter of $9.3 million or $0.32 per share, compared to a net loss of $5.9 million or $0.23 per share for the year-ago quarter.

Excluding items, adjusted net loss for the second quarter was $3.3 million or $0.11 per share, compared to an adjusted net loss of $2.8 million or $0.10 per share in the prior year quarter.

Total revenue for the second quarter rose to $19.98 million from $18.01 million a year ago, while total adjusted revenue increased 12% to $20.8 million from $18.6 million last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share on revenue of $20.50 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company forecasts revenue of $19.5 million to $20.3 million, adjusted revenue of $20.1 million to $20.9 million and adjusted loss of $0.20 to $0.17 per share. Analysts currently expect the company to report a loss of $0.14 per share on revenue of $21.30 million for the third quarter.

For the fiscal year 2015, the company now forecasts revenue of $80.8 million to $83.3 million, adjusted revenue of $83.0 million to $85.5 million and adjusted loss of $0.61 to $0.58 per share. Previously, the company forecast revenue of $86.9 million to $89.4 million, adjusted revenue of $89.0 million to $91.5 million and adjusted loss $0.54 to $0.51 per share. Analysts currently expect the company to report a loss of $0.53 per share on revenue of $84.12 million for the fiscal year 2015.