SoundBite Communications Announces Preliminary Third Quarter 2012 Financial Results
BEDFORD, Mass., Oct. 16, 2012 (GLOBE NEWSWIRE) -- SoundBite Communications Inc. (Nasdaq:SDBT), a leading global provider of mobile marketing and contact center solutions, today announced preliminary unaudited financial results for the third quarter 2012.
Based on currently available information, the Company expects to report third quarter revenue, computed in accordance with U.S. generally accepted accounting principles (GAAP), of approximately $12.0 million. This exceeds the previously guided range of $10.8 million to $11.6 million for the third quarter of 2012. GAAP operating loss for the third quarter of 2012 is expected to be approximately $900,000.
In addition, the Company anticipates non-GAAP operating loss to be approximately $250,000, which is better than the Company's previously guided range of a loss of $900,000 to $1.5 million. In computing the preliminary non-GAAP operating income for the third quarter, the Company excluded the following estimated amounts: stock based compensation of $250,000 and amortization of intangibles of $400,000 related to acquisitions."We are very pleased with these preliminary results," stated Jim Milton, president and CEO of SoundBite Communications. "SoundBite's strong performance in the third quarter was driven by impressive growth in its mobile channel across both our mobile marketing and hosted contact center businesses." Milton continued, "Our Company's performance is typically stronger in the second half of the year as evidenced by our preliminary third quarter results coupled with our fourth quarter 2012 revenue estimates of $12.2 million to $13.0 million. Given our preliminary results and estimates, we are optimistic for a strong finish to 2012." Third Quarter Financial Results The anticipated results in this press release are based on management's preliminary analysis of revenue and GAAP Operating Income for the quarter ended September 30, 2012. The Company will release and discuss its third quarter 2012 financial results on Wednesday, November 7, 2012 at 5:00 p.m. ET.
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