Exa Slips To Loss In Q2; Cuts FY14 Revenue Outlook - Quick Facts

(RTTNews) - Exa Corp. (EXA) reported that its second-quarter GAAP net loss was $798,000 or $0.06 per share, compared to GAAP net income of $882,000 or $0.07 per share in the comparable quarter last year.

Non-GAAP net loss for the latest second quarter was $577,000 or $0.04 per share, compared to non-GAAP net income of $1.1 million or $0.09 per share in the year-ago period.

Total revenues for the quarter was $12.70 million, up 7% from $11.83 million in the previous year period.

On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share on revenues of $13.08 million for the quarter. Analysts' estimates typically exclude special items.

For the third-quarter, total revenue is expected to be in the range of $13.6 million to $14.3 million.

Analysts expect the company to report revenues of $14.34 million for the third-quarter.

Looking ahead for full year fiscal 2014, total revenue is expected to be in the range of $53.0 million to $55.0 million, down from prior range of $55.0 million to $58.0 million.

Analysts expect the company to report revenues of $55.62 million for fiscal 2014.