Cyan Cuts Q4 Revenue Outlook - Quick Facts

(RTTNews) - Cyan (CYNI) announced it expects fourth quarter revenue to be in the range of $20 million to $21 million, down from the previous guidance of $30 million to $33 million. Analysts currently expect fourth quarter revenue of $31.13 million.

The company said this is largely a result of revenue from its largest customer decreasing by approximately 88% from $19 million in our third fiscal quarter to $2 million in the fourth quarter.

Revenue for the full 2013 year is expected to be in the range of $116 million to $117 million. For the year, revenue excluding largest customer is expected to be in the range of $70 million to $71 million, an increase of 32% to 34% in 2013 over 2012.