The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Convio beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share grew.
Gross margins contracted, operating margins grew, and net margins expanded.
Convio logged revenue of $20.4 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $20.1 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $17.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.10. The six earnings estimates compiled by S&P Capital IQ forecast $0.07 per share on the same basis. GAAP EPS of $0.64 for Q4 were much higher than the prior-year quarter's $0.00 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 60%, 270 basis points worse than the prior-year quarter. Operating margin was 0.6%, 150 basis points better than the prior-year quarter. Net margin was 61.2%, 6,080 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $21.2 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $92.2 million. The average EPS estimate is $0.50.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Convio is hold, with an average price target of $14.80.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.