Free Research Report as Zuora’s Revenues Soared 60%

Stock Monitor: Determine Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 28, 2018 / If you want access to our free earnings report on Zuora, Inc (NYSE: ZUO), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ZUO. The Company reported its first quarter fiscal 2019 operating and financial results on May 31, 2018. The business-subscription software Company reported better than expected results. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Determine, Inc. (NASDAQ: DTRM), which also belongs to the Technology sector as the Company Zuora. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Zuora most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ZUO

Earnings Highlights and Summary

For its first fiscal quarter ended April 30, 2018, Zuora’s total revenues were $51.7 million, reflecting an increase of 60% compared to $32.3 million in Q1 FY18. The Company’s revenue numbers beat analysts’ estimates of $49.0 million.

During Q1 FY19, Zuora’s subscription revenues surged 39% to $36.1 million compared to $26.1 million in Q1 FY18.

For Q1 FY19, Zuora’s GAAP loss from operations was $18.6 million compared to a loss of $8.0 million in Q1 FY18. The Company’s non-GAAP loss from operations was $13.6 million in the reported quarter compared to a non-GAAP loss from operations of $6.5 million in the prior year’s same quarter.

Zuora’s GAAP net loss was $19.4 million, or $0.43 loss per share, based on 44.9 million weighted average shares outstanding, in Q1 FY19 compared to a loss of $8.1 million, or $0.33 loss per diluted share, based on 25.0 million weighted average shares outstanding, in Q1 FY18.

For Q1 FY19, Zuora’s non-GAAP net loss was $14.5 million, or $0.32 loss per diluted share, compared to a loss of $6.6 million, or $0.27 loss per diluted share, in Q1 FY18. The Company’s revenue numbers were better than Wall Street’s estimates of $0.40 per share.

Cash Matters

Zuora’s net cash used in operating activities was $7.8 million compared to $4.4 million in Q1 FY18. The Company’s free cash flow was negative $9.6 million compared to negative $5.1 million in the prior year’s corresponding quarter.

As of April 30, 2018, Zuora’s cash and cash equivalents and restricted cash balance was $207.7 million.

Zuora ended the quarter with 441 customers with ACV equal to or greater than $100,000, representing a growth of 6% q-o-q in such customers, and a net add of 26 of such customers.

Dollar-based retention rate increased to 112% q-o-q, primarily driven by a strong volume upsell activity.

Customer usage of Zuora solutions grew, with $7.2 billion in transaction volume through Zuora’s billing platform, reflecting an increase of 46% y-o-y.

Zuora completed its Initial Public Offering and began trading on the New York Stock Exchange on April 12, 2018, raising a total of $162.2 million in net proceeds.

Financial Outlook

For the second quarter of the fiscal year 2019, Zuora is forecasting total revenues of $53.5 million to $54.5 million. The Company is expecting subscription revenues of $38.0 million to $38.5 million, and non-GAAP loss from operations of $16.0 million to $15.0 million. Zuora is estimating non-GAAP net loss per share to be in the range of $0.16 to $0.15.

For the full fiscal year 2019, Zuora is projecting total revenues to be between $220.0 million and $223.0 million. The Company is expecting subscription revenues of $158.0 million to $159.5 million, and a non-GAAP loss from operations of $55.0 million to $52.0 million. Zuora is estimating non-GAAP net loss per share to be in the band $0.62 to $0.59.

Stock Performance Snapshot

June 27, 2018 – At Wednesday’s closing bell, Zuora’s stock declined 1.86%, ending the trading session at $26.96.

Volume traded for the day: 1.63 million shares, which was above the 3-month average volume of 1.12 million shares.

Stock performance in the last month – up 30.43%; and year-to-date – up 34.80%

After yesterday’s close, Zuora’s market cap was at $3.36 billion.

The stock is part of the Technology sector, categorized under the Application Software industry.

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