Revenue during the quarter grew 8.74 percent to $18.85 million from $17.34 million in the previous year period. Gross margin for the quarter expanded 830 basis points over the previous year period to 53.26 percent. Operating margin for the quarter stood at negative 18.37 percent as compared to a negative 34.79 percent for the previous year period.

Operating loss for the quarter was $3.46 million, compared with an operating loss of $6.03 million in the previous year period.

However, the adjusted operating loss for the quarter stood at $1.71 million compared to operating loss of $4.04 million in prior year period.

Jim Preuninger, chief executive officer of Amber Road, stated, "During the third quarter, we delivered healthy bookings and saw demand across a broad range of offerings in our suite. We expanded our relationship with a key existing customer by signing one of the largest deals in our history. This highlights our leadership and competitive advantage in the marketplace, and demonstrates our ability to work with the world’s largest enterprise companies to help them automate and simplify their global trade functions. We are effectively and consistently executing against the market opportunity by attracting new customers and expanding within our existing base. We continue to take meaningful steps towards profitability and are moving our company back towards cash flow breakeven."

For financial year 2016, Amber Road, Inc expects revenue to be in the range of $72.40 million to $72.70 million and adjusted revenue to be in the range of $72.50 million to $72.80 million. The company expects operating loss to be in the range of $17.10 million to $16.80 million and adjusted operating loss to be in the range of $10.50 million to $10.20 million. It company projects diluted loss per share to be in the range of $0.69 to $0.67 and diluted loss per share to be in the range of $0.45 to $0.43 on adjusted basis.

For the fourth-quarter 2016, Amber Road, Inc expects revenue to be in the range of $18.50 million to $18.80 million and adjusted revenue to be in the range of $18.50 million to $18.80 million.The company expects operating loss to be in the range of $3.80 million to $3.50 million and adjusted operating loss to be in the range of $2.30 million to $2 million. It company projects diluted loss per share to be in the range of $0.16 to $0.14. On an adjusted basis, the company projects diluted loss per share to be in the range of $0.11 to $0.09. 

Operating cash flow remains negative
Amber Road, Inc has spent $0.04 million cash to meet operating activities during the nine month period as against cash outgo of $10.75 million in the last year period.

The company has spent $2.39 million cash to meet investing activities during the nine month period as against cash outgo of $28.37 million in the last year period.

Cash flow from financing activities was $0.63 million for the nine month period, down 96.79 percent or $19.11 million, when compared with the last year period.

Cash and cash equivalents stood at $15.64 million as on Sep. 30, 2016, down 27.65 percent or $5.98 million from $21.62 million on Sep. 30, 2015.

Working capital turns negative
Working capital of Amber Road, Inc has turned negative to $10.08 million on Sep. 30, 2016 from positive $5.82 million on Sep. 30, 2015. Current ratio was at 0.78 as on Sep. 30, 2016, down from 1.16 on Sep. 30, 2015.

Days sales outstanding went down to 67 days for the quarter compared with 75 days for the same period last year.

At the same time, days payable outstanding went up to 13 days for the quarter from 11 for the same period last year.