Qlik Technologies Q1 Loss Widens - Quick Facts

(RTTNews) - Qlik Technologies, Inc. (QLIK) Thursday said first-quarter loss widened to $25.9 million or $0.29 per share from $13.2 million or $0.15 per share in the same period last year.

Adjusted loss for the quarter was $10.4 million or $0.12 per share. On average, 22 analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 15 percent to $111.1 million from $96.5 million last year. Analysts expected revenues of $113.22 million.

Looking ahead to the second quarter, the company expects to report a loss ranging between $0.04 to $0.02 per share, with revenues in the order of $124.0 million to $128.0 million. Analysts currently expect the company to report a loss of $0.02 per share on second-quarter revenues of $125.53 million.

For the fiscal 2014, the company projects earnings in the range of $0.23 to $0.27 per share, with revenues ranging between $545.0 million and $555.0 million. Analysts currently expect the company to report full-year earnings of $0.25 per share on revenues of $550.48 million.