SurveyMonkey beats by $0.36, beats on revs; guides Q4 revs in-line
Reports Q3 (Sep) loss of $0.01 per share, excluding non-recurring items, $0.36 better than the S&P Capital IQ Consensus of ($0.37); revenues rose 17.9% year/year to $65.21 mln vs the $62.93 mln S&P Capital IQ Consensus.
- Core revenue, which excludes $0.4 million in revenue related to the non-self-serve portion of SurveyMonkey Audience in Q3 2017 (the final quarter with reported revenue), increased 19% year over year.
- Q3 2018 net loss was ($102.4) million, largely due to the IPO-related stock-compensation charge. Adjusted EBITDA was $17.0 million.
- Co issues in-line guidance for Q4, sees Q4 revs of $64.8-66.8 mln vs. $64.81 mln S&P Capital IQ Consensus.
- also expects non-gaap operating margin of 2-3%
- Co states, "We see continued momentum in our core self-serve channel and acceleration in our sales-assisted channel with our enterprise-grade survey platform and suite of purpose-built software solutions. We see a steady path to higher monetization selling our new products into our large footprint of organizations with active SurveyMonkey usage."
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