Mavenir Systems Cuts Q1 Revenue Outlook - Quick Facts

(RTTNews) - Mavenir Systems, Inc. (MVNR) said Friday it now expects first quarter revenues to be in the range of $27.0 million to $28.5 million, below its previously announced guidance range of $39.0 million to $41.0 million. The revenue shortfall is primarily the result of shifts in projects with existing purchase orders. Analysts now expect first quarter revenues of $40.23 million.

The company also said it expects first quarter non-GAAP loss per share between $0.47 to $0.41. Previously, the company expected loss per share between $0.17 to $0.12. Analysts currently expect loss per share of $0.14.

Project delays experienced in first quarter are expected be resolved in 2015. As a result, the company is re-confirming previously announced guidance for the full year 2015 and expects non-GAAP basic earnings per share to range from $0.28 to $0.26 and revenues to range from $185.0 million to $195.0 million.

Analysts expect full year 2015 earnings of $0.29 per share and revenues of $189.87 million.