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What: Shares of E2open (NASDAQ:EOPN) have plunged today by as much as 28% after the company reported fourth-quarter results.
So what: Non-GAAP revenue in the fourth quarter totaled $18.1 million, shy of the $19.7 million in adjusted sales that investors were expecting. The bottom line also registered a miss, with the adjusted loss of $0.06 coming in below the consensus estimate of a $0.05 per share non-GAAP net loss. CEO Mark Woodward's comments about the company adding a record number of new customers in the quarter didn't make investors feel any better.
Now what: Guidance also left a lot to be desired. First quarter revenue is expected in the range of $15 million to $15.5 million, while the Street thought $20 million was in order. Non-GAAP net loss is guided to $0.18-$0.22 per share, similarly falling short of the $0.03 per share loss that most were expecting. Full-year sales outlook is for $75 million to $77 million.
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