MobileIron beats by $0.03, beats on revs; guides Q1 revs in-line; guides FY18 revs above consensus
- Reports Q4 (Dec) net of breakeven, $0.03 better than the Capital IQ Consensus of ($0.03); revenues rose 7.3% year/year to $48.8 mln vs the $46.47 mln Capital IQ Consensus.
- Gross billings were $60.3 million, up 9% year-over-year.
- Cash generated from operating activities was $10.4 million.
- Co issues in-line guidancefor Q1, sees Q1 revs of $42-$45 mln vs. $44.97 mln Capital IQ Consensus Estimate. Gross billings are expected to be between $45-$48 million, roughly flat to up 6% year-over- year. Non-GAAP gross margin is expected to be between 84% and 86%.
- Co issues upside guidance for FY18, sees FY18 revs of $190-$200 mln vs. $186.99 mln Capital IQ Consensus Estimate. Gross billings are expected to be between $210-$220 million, growth between 5-10% over 2017. Non-GAAP operating margin is expected to be between -5% and break-even for 2018.
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