The 10-second takeaway
For the quarter ended March 31 (Q1), Active Network met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP loss per share dropped. GAAP loss per share contracted.
Margins grew across the board.
Active Network booked revenue of $106.0 million. The seven analysts polled by S&P Capital IQ predicted a top line of $105.2 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $94.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.15. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.18 per share. Non-GAAP EPS were -$0.15 for Q1 compared to -$0.19 per share for the prior-year quarter. GAAP EPS were -$0.25 for Q1 compared to -$0.36 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 52.6%, 230 basis points better than the prior-year quarter. Operating margin was -12.4%, 980 basis points better than the prior-year quarter. Net margin was -14.4%, 710 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $131.3 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $469.1 million. The average EPS estimate is -$0.24.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 35 members out of 44 rating the stock outperform, and nine members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Active Network a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Active Network is outperform, with an average price target of $8.92.
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