NetSuite Q4 Loss Narrows; Guides Q1, FY08 - Quick Facts

Posted on Thursday, February 14, 2008 4:37 PM

(RTTNews) - NetSuite Inc. (N) said that its fourth quarter GAAP net loss was $3.3 million or $0.22 per share, compared to a loss of $8.1 million or $1.25 per share in the fourth quarter of 2006. Net loss on a non-GAAP basis for the fourth quarter of 2007 was $842,000 or $0.01 per share, compared to a loss of $3.9 million or $0.07 per share in the fourth quarter of 2006. Total revenue for the fourth quarter was $31.7 million, a 57% increase over the fourth quarter of 2006. Analysts polled by First Call/Thomson Financial expected the company to report a loss of $0.03 per share on revenues of $30.52 million for the fourth quarter. For the first quarter of 2008, NetSuite expects total revenue in the range of $33 million to $34 million. Non-GAAP net loss is expected to be in the range of $1.5 million to $0.5 million. Non-GAAP loss per share is expected to be in the range of approximately $0.02 to $0.01. For the full year 2008, NetSuite expects total revenue in the range of $153 million to $156 million. Non-GAAP net loss is expected to be in the range of $2.5 million to $0.5 million. Non-GAAP loss per share is expected to be in the range of approximately $0.04 to $0.01. Analysts polled by First Call/Thomson Financial expected the company to report a loss of $0.02 per share on revenues of $152.75 million for fiscal 2008. For comments and feedback: contact editorial@rttnews.com