LONDON, UK / ACCESSWIRE / April 19, 2018 / Active-Investors.com has just released a free earnings report on Coupa Software Inc. (NASDAQ: COUP) If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=COUP. The Company reported its fourth quarter fiscal 2018 and full fiscal year 2018 operating and financial results on March 14, 2018. The provider of cloud-based spend management platform outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Coupa Software most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
For the fourth quarter ended January 31, 2018, Coupa Software's total revenues surged 41% to $53.8 million compared to $38.0 million in Q4 FY17. The Company's revenue numbers beat analysts' estimates of $48.59 million.
For Q4 FY18, Coupa Software's subscription revenues advanced 38% to $46.6 million compared to $33.8 million in Q4 FY17.
For Q4 FY18, Coupa Software's GAAP operating loss was $9.1 million compared to an operating loss of $6.4 million in Q4 FY17. The Company's non-GAAP operating income was positive $0.9 million in the reported quarter compared to an operating loss of $2.3 million in the prior year's same quarter.
Coupa Software reported a GAAP net loss of $8.7 million, or $0.16 loss per diluted share, in Q4 FY18 compared to a net loss of $6.6 million, or $0.13 loss per diluted share, in Q4 FY17. For the reported quarter, the Company posted a non-GAAP net income of $1.4 million, or $0.02 per diluted share, versus a net loss of $2.5 million, or $0.05 loss per diluted share, in the year earlier comparable quarter. The Company's earnings beat Wall Street's estimates for a loss of $0.15 per share.
For the full fiscal year 2018, Coupa Software's revenues surged 40% to $186.8 million compared to $133.8 million in FY17. The Company's subscription revenues rose 40% to $164.9 million on a y-o-y basis in FY18.
For FY18, Coupa Software reported a GAAP net loss of $43.8 million, or $0.83 loss per diluted share, compared to a net loss of $37.6 million, or $1.88 loss per diluted share, in FY17. The Company's non-GAAP net loss was $11.3 million, or $0.21 loss per diluted share, in FY18 compared to a net loss of $27.1 million, or $1.36 loss per diluted share, in FY17.
Cash Matters
During Q4 2017, Coupa Software's operating cash flows and free cash flows were negative $1.7 million and negative $2.6 million, respectively, excluding net cash paid of $6.5 million for the acquisition of Simeno in the reported quarter. Coupa Software's operating cash flows and free cash flows were positive $19.8 million and positive $15.3 million, respectively, in FY18.
As of January 31, 2018, Coupa Software's cash and cash equivalents were $412.9 million. The Company's total deferred revenues were $128.0 million as of January 31, 2018.
Business Outlook
For the first quarter of the fiscal year 2019, Coupa Software is forecasting total revenues to be between $51.0 and $51.5 million, and subscription revenues to be in the range of $46.5 million and $47.0 million, including a negative impact of approximately $1.5 million due to there being 3 fewer calendar days for revenue recognition in Q1 FY19 compared to Q4 FY18.
For Q1 FY19, Coupa Software is expecting non-GAAP loss from operations to be in the range of $5.5 million and $7.0 million, and non-GAAP net loss per share to be between $0.11 and $0.13.
For the full fiscal year 2019, Coupa Software is projecting total revenues to be in the band of $227 million and $230 million. The Company's non-GAAP loss from operations is estimated to be between $11.0 million and $14.0 million, and non-GAAP net loss per share is expected to be in the band of $0.23 and $0.28 for FY19.
Stock Performance Snapshot
April 18, 2018 - At Wednesday's closing bell, Coupa Software's stock declined 1.09%, ending the trading session at $47.94.
Volume traded for the day: 288.89 thousand shares.
Stock performance in the last month – up 3.23%; previous three-month period – up 33.13%; past twelve-month period – up 60.28%; and year-to-date – up 53.56%
After yesterday's close, Coupa Software's market cap was at $2.74 billion.
The stock is part of the Technology sector, categorized under the Internet Software & Services industry.
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