Envivio Reports Fourth Quarter Fiscal 2015 Financial Results

Q4 Revenue Was $12.7 Million, up 42% Sequentially Company Expanded Customer Base at Several Tier 1 Customers

SOUTH SAN FRANCISCO, Calif., March 19, 2015 (GLOBE NEWSWIRE) -- Envivio, Inc. (Nasdaq:ENVI), a leading provider of software-based video processing and delivery solutions, today announced financial results for the fourth quarter and fiscal year 2015 ending January 31, 2015.

Financial Highlights
  • Revenue for the fourth quarter of fiscal 2015 was $12.7 million, compared with $9.0 million in the third quarter of fiscal 2015 and $12.5 million in the fourth quarter of fiscal 2014. Revenue for fiscal year 2015 was $41.6 million, compared with $43.2 million in fiscal 2014.   
  • GAAP net loss for the fourth quarter of fiscal 2015 was $1.6 million, or $0.06 per share, compared with a net loss of $5.4 million, or $0.20 per share, in the third quarter of fiscal 2015 and net loss of $2.0 million, or $0.08 per share, in the fourth quarter of fiscal 2014. GAAP net loss for fiscal 2015 was $15.6 million, or $0.57 per share, compared with net loss of $12.2 million, or $0.45 per share in fiscal 2014.  
  • Non-GAAP net loss for the fourth quarter of fiscal 2015 was $0.5 million, or $0.02 per share. This is compared with a net loss of $4.1 million, or $0.15 per share, in the third quarter of fiscal 2015 and net loss of $1.4 million, or $0.05 per share, in the fourth quarter of fiscal 2014. Non-GAAP net loss for fiscal 2015 was $13 million compared with a net loss of $9.8 million in the prior year.  
  • The GAAP and non-GAAP results for the fourth quarter of fiscal 2015 includes a one-time charge of $0.7 million related to restructuring expenses.

"We are encouraged by our results, and by the positive business environment as we head into fiscal 2016. While we have been impacted by the consolidation in the market, we are starting to see results from the increased adoption of our video processing software solutions in our customer base," said Julien Signès, founder and CEO of Envivio.

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