ZixCorp Q4 Revenues Increase, Meets View - Quick Facts

(RTTNews) - ZixCorp. (ZIXI) announced selected preliminary financial results for its fourth quarter ended December 31, 2014, ahead of its scheduled presentation and investor meetings on January 14, 2014.

For the fourth quarter, ZixCorp forecasts total revenue to be $12.9 million, up 1 percent from the third quarter and up 5 percent year-over-year, and in line with the company's previously provided revenue guidance for the quarter.

On average, four analysts polled by Thomson Reuters expect the company to report revenues of $12.91 million. Analysts' estimates typically exclude special items.

The company expects new first year orders for the fourth quarter to exceed $2.5 million, an increase of about 55 percent as compared to the third quarter and up 8 percent year-over-year.

Total ZixOne customers increased 57 percent to more than 260 with the addition of about 96 new ZixOne customers in the fourth quarter, compared to 56 new customers in the third quarter and 45 new customers in the second quarter.

ZixCorp said it plans to reduce research and development as well as other expenses associated with the successful launch of ZixOne.

The company will share details relating to 2015, including revenue and adjusted earnings per share guidance, in its final fourth quarter and year-end financial results conference call on Tuesday, February 17, 2015. The company will announce additional earnings call details in late January.