Zuora Inc ZUO:NYSE

Last Price$10.31Cboe Real-Time Last Sale as of 3:06PM ET 8/15/22
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Today's Change+0.05(0.49%)
Bid (Size)$10.30 (100)
Ask (Size)$10.31 (313)
Day Low / High$10.08 - 10.36
Volume284.7 K

Zuora Reports Wider Fiscal Q1 Adjusted Loss, Revises 2023 Earnings Outlook

4:32PM ET 5/25/2022 MT Newswires
Zuora (ZUO) reported a fiscal Q1 non-GAAP net loss late Wednesday of $0.03 per diluted share, compared with a loss of $0.02 per share a year earlier.

Four analysts polled by Capital IQ expected a loss of $0.01 per share.

Revenue for the quarter ended April 30 rose to $93.2 million from $80.3 million a year earlier. The analysts' estimate was $92.2 million.

For fiscal Q2, the company expects a non-GAAP net loss of $0.06 to $0.05 per share on revenue of $96.5 million to $98.5 million. The consensus is for a normalized loss of $0.02 per share on revenue of $99.5 million.

For fiscal 2023, Zuora said it now expects a non-GAAP net loss of $0.19 to $0.15 per share, compared with its previous guidance of a loss of $0.07 to $0.03 per share. It also expects fiscal 2023 revenue of $402 million to $406 million, unchanged from its prior outlook.

Analysts are looking for a normalized loss of $0.05 per share and $403.4 million in revenue.

Zuora shares were down 2% in after-hours trading.

Price: 9.63, Change: +0.09, Percent Change: +0.94