Paylocity Posts Narrower Loss In Q4 - Quick Facts

(RTTNews) - Paylocity Holding Corp. (PCTY), a cloud-based provider of payroll and human capital management software solutions, reported a fourth quarter net loss to shareholders of $4.4 million compared to a loss of $6.7 million, prior year. Net loss per share was $0.09 compared to a loss per share of $0.14. Non-GAAP net loss per share was $0.03 for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report a loss per share of $0.06 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $40.0 million, an increase of 40% from last year. Total recurring revenue was $38.2 million, representing 95% of total revenue and an increase of 41% from prior year. Analysts expected revenue of $38.12 million for the quarter.

For the first quarter 2016: the company expects total revenue to be in the range of $41.0 million to $42.0 million; and non-GAAP loss per share in the range of $0.09 to $0.07. Analysts expect the company to report a loss per share of $0.03 on revenue of $40.29 million.

For fiscal 2016: the company expects total revenue to be in the range of $199.0 million to $203.0 million, and Non-GAAP loss per share in the range of $0.08 to $0.04. Analysts expect the company to report a loss per share of $0.03 on revenue of $150.51 million.