NEW YORK (TheStreet) --Shares of Wix.com Ltd (WIX) are down -3.21% to $16.87 on Tuesday after the company posted a 2014 first quarter GAAP net loss of -$14.9 million, or 40 cents per share, compared to a net loss of -$4.9 million, or 83 cents per share from the first quarter 2013.
The web develop platform reported a non-GAAP net loss of -$11.3 million, or 30 cents per share versus a loss of -$4.4 million, or 76 cents per share for the same period last year.
The company said revenue grew 86% to $28.8 million, from $15.5 million for the 2013 first quarter.WIX data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts