Speed Commerce, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended June 30, 2015; Reaffirms Earnings Guidance for Fiscal 2016
August 10, 2015 at 08:30 am EDT
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Speed Commerce, Inc. reported unaudited consolidated financial results for the first quarter ended June 30, 2015. Net revenue was $34,371,000 from $22,060,000 a year ago. Loss from operations was $1,637,000 against $2,704,000 a year ago. The increase in net revenue was primarily due to the inclusion of Fifth Gear, which was acquired in the third quarter of fiscal 2015, and the organic growth of current clients.
Loss from operations, before income tax was $1,240,000 compared to $3,370,000 a year ago. Net loss from continuing operations was $1,448,000 or $0.02 per diluted share against $3,424,000 or $0.05 per diluted share a year ago. Net loss was $1,623,000 or $0.02 per diluted share compared to 410,783,000 or $0.17 per diluted share a year ago. Adjusted EBITDA was $2,611,000 from $1,413,000 a year ago.
The company's earnings outlook for fiscal 2016 remains on track, with net revenues expected to range between $160 million to $175 million. The company also maintains its expectation for adjusted EBITDA in fiscal 2016 to range between $15 million to $17 million.
Speed Commerce, Inc. is a single-source provider of omnichannel customer experience solutions and technology for ecommerce retailers and manufacturers. The Company specializes in ecommerce order fulfillment and contact center operations, assisting ecommerce retailers. Its cloud-based fulfillment platform for order and inventory management features integration with ecommerce platforms, and automatic order importing from online marketplaces, including Amazon, Magento, and Shopify. The Company offers a range of solutions, such as e-commerce customer service, fulfillment and warehousing, and client services. Its e-commerce customer services include inbound and outbound telephone support services, order processing, upselling, and cross-selling, email inquiries, outbound marketing campaigns, database scrubbing, and market research. Its fulfillment and warehousing solutions include receiving, picking and packing, shipping, inventory management, returns management, and cross-docking.
Speed Commerce, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended June 30, 2015; Reaffirms Earnings Guidance for Fiscal 2016
SPEED COMMERCE, INC. 
