Cvent Slips To Loss In Q4 - Quick Facts

(RTTNews) - Cvent, Inc. (CVT) reported a net loss for the fourth quarter of $0.6 million or $0.02 per share, compared to net income of $1.5 million or $0.04 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest fourth quarter was $0.3 million or $0.01 per share, compared to $3.6 million or $0.10 per share in the prior year quarter.

Total revenue for the quarter rose 30% to $30.68 million from $23.61 million a year ago.

Analysts polled by Thomson Reuters expected the company to report breakeven per share on revenue of $30.07 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts total revenue of $30.6 million to $31.0 million and a net loss of $0.06 to $0.05 per share. Adjusted results for the fourth quarter are expected to range between a loss of $0.01 per share and breakeven per share.

Analysts currently expect the company to report a loss of $0.00 per share on revenue of $30.46 million for the first quarter.

For the full year 2014, the company expects total revenue of $137.8 million to $139.6 million, a net loss of $0.27 to $0.23 per share and adjusted results to be profit of $0.03 and loss of $0.01 per share.

Analysts currently expect the company to earn $0.06 per share on revenue of $136.82 million for the full year 2014.