Nimble Storage Q4 Loss Widens, But Beats Estimates

(RTTNews) - Hybrid storage solutions provider Nimble Storage (NMBL), Thursday reported a fourth-quarter net loss of $13.2 million or $0.29 per share, compared to a net loss of $10.2 million or $0.53 per share in the year-ago quarter.

This is Nimble Storage's first quarterly report after it went public last December.

On an adjusted basis, net loss for the quarter was $9.1 million or $0.14 per share, compared to a net loss of $9.3 million or $0.16 per share in the same quarter last year. On average, eight analysts expected a loss of $0.16 per share for the quarter. Analysts' estimates normally exclude one-time items.

Nimble Storage reported fourth-quarter revenues of $41.7 million, up 107 percent from $20.2 million a year ago.

Seven analysts had a consensus revenue estimate of $38.07 million for the quarter.

Adjusted gross margins for the quarter were 67.2 percent, an increase from 61.8 percent in the fourth quarter of fiscal year 2013.