Bazaarvoice, Inc. (BV) saw its loss narrow to $3.97 million, or $0.05 a share for the quarter ended Apr. 30, 2017. In the previous year period, the company reported a loss of $7.13 million, or $0.09 a share. On the other hand, adjusted net loss for the quarter widened to $1.42 million, or $0.02 a share from a loss of $1.33 million or $0.02 a share, a year ago.
Revenue during the quarter went down marginally by 0.99 percent to $50.21 million from $50.71 million in the previous year period. Gross margin for the quarter contracted 106 basis points over the previous year period to 60.97 percent. Operating margin for the quarter stood at negative 6.52 percent as compared to a negative 12.98 percent for the previous year period.
Operating loss for the quarter was $3.27 million, compared with an operating loss of $6.58 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $2.32 million compared with $2.33 million in the prior year period. At the same time, adjusted EBITDA margin improved 2 basis points in the quarter to 4.61 percent from 4.59 percent in the last year period.
"The fourth quarter marked a strong finish to fiscal 2017 for Bazaarvoice. We delivered significant increases in our Adjusted EBITDA and cash flow performance in fiscal 2017 while at the same time improving our overall SaaS business fundamentals, especially dollar retention," said Gene Austin, chief executive officer and president. "As we look to fiscal 2018, we expect our SaaS growth rates to increase while continuing to increase our profitability and cash flow. We remain in the early days of monetizing our shopper profile data and continue to believe it has the potential to add to the growth profile of Bazaarvoice over the long term."
Operating cash flow declines
Bazaarvoice, Inc. has generated cash of $14.76 million from operating activities during the year, down 23.86 percent or $4.63 million, when compared with the last year.
Cash flow from investing activities was $2.62 million from investing activities during the year as against cash outgo of $17.34 million in the last year.
The company has spent $8.21 million cash to carry out financing activities during the year as against cash outgo of $11.97 million in the last year period.
Cash and cash equivalents stood at $52.49 million as on Apr. 30, 2017, up 19.40 percent or $8.53 million from $43.96 million on Apr. 30, 2016.
Working capital drops significantly
Bazaarvoice, Inc. has witnessed a decline in the working capital over the last year. It stood at $15.95 million as at Apr. 30, 2017, down 68.51 percent or $34.70 million from $50.65 million on Apr. 30, 2016. Current ratio was at 1.13 as on Apr. 30, 2017, down from 1.55 on Apr. 30, 2016.
Debt comes down
Bazaarvoice, Inc. has recorded a decline in total debt over the last one year. It stood at $32 million as on Apr. 30, 2017, down 23.81 percent or $10 million from $42 million on Apr. 30, 2016. Short-term debt stood at $32 million as on Apr. 30, 2017. Total debt was 9.94 percent of total assets as on Apr. 30, 2017, compared with 12.79 percent on Apr. 30, 2016. Debt to equity ratio was at 0.17 as on Apr. 30, 2017, down from 0.23 as on Apr. 30, 2016.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
