Envivio has set the following financial performance guidance for the third quarter of fiscal year 2013 ending October 31, 2012:
- Revenue is expected to be in the range of $10.0 to $11.0 million.
- Non-GAAP gross margin percentage is expected to be in the range of 59 to 62 percent.
- Non-GAAP operating loss/income is expected to be in the range of ($4.1 million) to ($3.2 million).
- Non-GAAP net loss/income per share is expected to be in the range of ($0.16) to ($0.12).
- The company will take a one-time charge of approximately $275,000 in the third quarter of fiscal 2013 for severance and other related benefits related to the cost-cutting program enacted in August 2012.