Imperva Q3 Net Loss Narrows; Non-GAAP EPS, Revenue Top Estimates

(RTTNews) - Imperva, Inc. (IMPV) reported GAAP net loss attributable to stockholders for the third quarter totaled $5.7 million or $0.19 per share, versus loss of $13.6 million or $0.52 per share in the year-ago quarter.

Non-GAAP net income attributable to stockholders was $6.3 million or $0.19 per share, versus non-GAAP net loss of $2.5 million or $0.10 per share in the prior-year period.

On average, 22 analysts polled by Thomson Reuters expected the company to report loss per share of $0.05 for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the third quarter increased 48% to $63.3 million from $42.7 million in the year-ago quarter. Analysts had a consensus revenue estimate of $56.50 million for the quarter. Within total revenue, product revenue improved 55% to $30.5 million, while Services revenue increased 43% year-over-year to $32.9 million.

Imperva expects total revenue for the fourth quarter in the range of $66.0 million to $68.0 million and non-GAAP net income of $3.4 million to $5.4 million, or $0.10 to $0.16 per share. Analysts predict the company to incur a loss of $0.06 per share on $62.25 million revenue.

For 2015, Imperva expects total revenue in the range of $227.6 million to $229.6 million, non-GAAP net profit to be in the range of $0.2 million to $2.2 million, or approximately breakeven to $0.07 per share. Analysts estimate the company to report a loss of $0.44 per share on $216.99 million revenue.