Envivio Q2 Loss Narrows

(RTTNews) - Envivio Inc. (ENVI) reported that its second-quarter GAAP net loss attributable to common stockholders was $2.5 million, or $0.09 per share, narrower than $4.3 million, or $0.16 per share, in the comparable quarter last year.

Non-GAAP net loss attributable to common stockholders for the quarter narrowed to $1.9 million, or $0.07 per share, from $3.5 million, or $0.13 per share in the prior year period. On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share. Analysts' estimates typically exclude special items.

Revenue for the latest second quarter was $11.55 million, up from $10.76 million in the prior year period, while two analysts expected revenue of $8.17 million for the quarter.