EyeCatching Stock: Bazaarvoice, Inc. (NASDAQ:BV)

Bazaarvoice, Inc. (NASDAQ:BV) reported earnings for the three months ended April 2016 on June 02, 2016. The company earned $-0.01 per share on revenue of $50.71M. Analysts had been modeling earning per share of $-0.04 with $48.86M in revenue.

Bazaarvoice, Inc. (NASDAQ:BV) reported its financial results for the fourth fiscal quarter and full year ended April 30, 2016.

  • Delivered Q4 revenue from continuing operations of $50.7 million, up 5.0% from the same period a year ago
  • Achieved positive operating cash flow of $4.7 million
  • Improved GAAP net loss from continuing operations to $6.4 million from a loss of $8.8 million in the same period a year ago
  • Achieved Adjusted EBITDA from continuing operations of $0.3 million as compared to a loss of $3.6 million in the same period a year ago

Fourth Fiscal Quarter of 2016 Financial Details

Revenue from continuing operations: Bazaarvoice reported revenue of $50.7 million for the fourth fiscal quarter of 2016, up 5.0% from the fourth fiscal quarter of 2015, which consisted of SaaS revenue of $49.1 million and net advertising revenue, formerly referred to as media revenue, of $1.6 million.

GAAP net loss and net loss per share from continuing operations: GAAP net loss was $6.4 million, compared to a GAAP net loss of $8.8 million for the fourth fiscal quarter of 2015. GAAP net loss per share was $0.08 based upon weighted average shares outstanding of 81.5 million, compared to GAAP net loss per share of $0.11 for the fourth fiscal quarter of 2015 based upon weighted average shares outstanding of 79.7 million.

Adjusted EBITDA from continuing operations: Adjusted EBITDA for the fourth fiscal quarter of 2016 was $0.3 million compared to a loss of $3.6 million for the fourth fiscal quarter of 2015.

Non-GAAP net loss and net loss per share from continuing operations: Non-GAAP net loss was $0.5 million, compared to non-GAAP net loss of $4.4 million for the fourth fiscal quarter of 2015. Non-GAAP net loss per share was $0.01 based upon weighted average shares outstanding of 81.5 million, compared to non-GAAP net loss per share of $0.06 for the fourth fiscal quarter of 2015 based upon weighted average shares outstanding of 79.7 million.

Fiscal Year 2016 Financial Details

Revenue from continuing operations: Bazaarvoice reported revenue of $199.8 million for the fiscal year ended April 30, 2016, up 4.5% from the fiscal year ended April 30, 2015, which consisted of SaaS revenue of $191.5 million and net advertising revenue, formerly referred to as media revenue, of $8.3 million.

GAAP net loss and net loss per share from continuing operations: GAAP net loss was $24.6 million, compared to a GAAP net loss of $33.2 million for the fiscal year ended 2015. GAAP net loss per share was $0.30 based upon weighted average shares outstanding of 80.9 million, compared to GAAP net loss per share of $0.42 for the fiscal year ended of April 30, 2015 based upon weighted average shares outstanding of 78.6 million.

Adjusted EBITDA from continuing operations: Adjusted EBITDA for the fiscal year ended April 30, 2016 was $1.2 million compared to a loss of $8.7 million for the fiscal year ended April 30, 2015.

Non-GAAP net loss and net loss per share from continuing operations: Non-GAAP net loss was $4.2 million, compared to non-GAAP net loss of $15.0 million for the fiscal year ended April 30, 2015. Non-GAAP net loss per share was $0.05 based upon weighted average shares outstanding of 80.9 million, compared to non-GAAP net loss per share of $0.19 for the fiscal year ended April 30, 2015 based upon weighted average shares outstanding of 78.6 million.

Clients: The number of active clients at the end of the fourth fiscal quarter of 2016 was 1,399 and the number of network clients at the end of the fourth fiscal quarter of 2016 was over 5,100. Annualized SaaS revenue per average active client for the fourth fiscal quarter of 2016 was approximately $141,000.

Bazaarvoice, Inc. earnings per share showed an increasing trend of 39.7% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 7%.Analysts project EPS growth over the next 5 years at 15%. It has EPS annual decline over the past 5 fiscal years of -24.5% when sales grew 37.7. It reported 1.4% sales growth, and 26.5% EPS growth in the last quarter.

The stock is trading at $3.71, up 31.56% from 52-week low of $2.82. The stock trades down -42.57% from its peak of $6.37 and % below the consensus price target of $5.83. Its volume clocked up at 0.43 million shares which is lower than the average volume of 0.58 million shares. Its market capitalization currently stands at $295.85M.

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