Bazaarvoice Loss Narrows

(RTTNews) - Bazaarvoice Inc. (BV), a provider of social commerce solutions, Tuesday reported second-quarter net loss of $9.9 million or $0.13 per share compared with a loss of $14 million or $0.19 per share last year.

Excluding items, adjusted loss for the quarter was $0.05 per share compared with $0.09 per share a year ago.

Revenues for the quarter were $47.3 million compared with $41 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.09 per share on revenues of $46.7 million for the quarter. Analysts' estimates typically exclude special items.

"Our second quarter results reflect continued progress on many fronts for Bazaarvoice. We delivered accelerated revenue growth of 15% year-over-year, significantly improved our EBITDA and resolved the DOJ investigation of post-divestiture conduct," said Gene Austin, chief executive officer. "I am pleased with the progress we have made in rebuilding the business to date, especially in the areas of client retention and new product innovation."

The company said its number of active clients at the end of the quarter was 1,258 and the number of network clients was over 2,300.

Bazaarvoice shares closed Tuesday at $7.49, up $0.33 or 4.61%, on the Nasdaq. In after hours, the stock dropped $0.15 or 1.98%.