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Bazaarvoice, Inc. Announces Its Financial Results For The First Fiscal Quarter Of 2013

Stocks in this article: BV

First fiscal quarter of 2013 highlights include:

  • Revenue for the first quarter increased by 61% year-over-year to $35.7 million
  • Number of active enterprise clients totaled 1,076 at the end of the period
  • Bazaarvoice completed its acquisition of PowerReviews, Inc. on June 12, 2012
  • Bazaarvoice completed its follow-on offering on July 23, 2012

AUSTIN, Texas, Sept. 6, 2012 (GLOBE NEWSWIRE) -- Bazaarvoice, Inc. (Nasdaq:BV), a leading social software company, reported its financial results for the first fiscal quarter of 2013 ended July 31, 2012:

  • Revenue for the first quarter was $35.7 million, an increase of 61%, as compared to $22.1 million for the first quarter of 2012.
  • Adjusted EBITDA for the first quarter was a loss of $2.8 million, compared to a loss of $3.3 million for the first quarter of 2012.
  • GAAP net loss for the first quarter was $18.5 million, which included one-time expenses related to the acquisition of PowerReviews of $9.8 million of stock-based expense and $1.4 million of acquisition related expense, compared to a GAAP net loss of $5.5 million for the first quarter of 2012. Non-GAAP net loss for the first quarter was $4.1 million, compared to a non-GAAP net loss of $4.0 million for the first quarter of 2012.
  • GAAP net loss per share for the first quarter was $0.30, compared to a GAAP net loss per share for the first quarter of 2012 of $0.29. Non-GAAP net loss per share for the first quarter was $0.07, as compared to a non-GAAP net loss per share for the first quarter of 2012 of $0.09.

"The first quarter represented a strong beginning to fiscal 2013," stated Brett Hurt, founder and CEO of Bazaarvoice. "Not only did we complete the operational integration of our acquisition of PowerReviews and execute a successful follow-on equity offering, our financial and operational results continued to demonstrate strong performance."

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