Velti Posts Q4, 2012 Losses

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Velti (NASDAQOTH: VELTF  ) has reported losses in its Q4 and 2012 results. For the quarter, revenue totaled $97 million, up from the $87 million in the same period the previous year. Attributable net, however, plunged into the red at $5.2 million ($0.08 per diluted share) from Q4 2011's profit of $25.0 million ($0.40).

On an adjusted and diluted basis, the mobile marketer had a net profit of $0.39 for the period, against the previous year's Q4 EPS of $0.59.

The latest quarterly numbers were notably below analyst expectations of $106 million in revenue and a per-share profit of $0.59.

For the full year, top line was $270 million, nearly one-third higher than the 2011 figure of $189 million. But net loss was also much greater, landing at $56.4 million ($0.88 per diluted share) for the year against 2011's shortfall of $15.4 million ($0.28). Those EPS numbers on an adjusted basis were $0.34 for 2012 and $0.50 for the previous year.

Velti also provided guidance for its current quarter and fiscal year. For the former, the company expects revenue of $40 million-$44 million, significantly below the $63 million analysts had anticipated. The firm believes it will take in $255 million-$280 million, which also fell short of market expectations ($340 million).

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2311362, ~/Articles/ArticleHandler.aspx, 9/25/2016 5:13:54 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 9:30 AM
VELTF $0.00 Down +0.00 +0.00%
Velti plc CAPS Rating: ****