Zix (Nasdaq: ZIXI) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Zix met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share shrank. GAAP earnings per share contracted significantly.

Gross margins grew, operating margins dropped, net margins contracted.

Revenue details
 Zix reported revenue of $11.8 million. The three analysts polled by S&P Capital IQ predicted a top line of $11.8 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $10.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.02. The two earnings estimates compiled by S&P Capital IQ averaged $0.04 per share. Non-GAAP EPS of $0.02 for Q1 were 50% lower than the prior-year quarter's $0.04 per share. GAAP EPS of $0.01 for Q1 were 75% lower than the prior-year quarter's $0.04 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 83.5%, 150 basis points better than the prior-year quarter. Operating margin was 5.1%, much worse than the prior-year quarter. Net margin was 4.8%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $12.1 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $49.7 million. The average EPS estimate is $0.20.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 547 members out of 783 rating the stock outperform, and 236 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Zix a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Zix is buy, with an average price target of $5.08.

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