Datawatch (DWCH) Reports Q4 EPS of $0.06, Revenues Miss

Datawatch (NASDAQ: DWCH) reported Q4 EPS of $0.06, versus $0.00 reported last year. Revenue for the quarter came in at $13.14 million versus the consensus estimate of $13.22 million.

• Cash and short-term investments were $13.7 million at September 30, 2018, down from $30.5 million at September 30, 2017, primarily reflecting the use of cash for the Angoss acquisition.
• Gross margin (excluding IP amortization expense) for the fourth quarter of fiscal 2018 was 90%, as compared to 92% for the fourth quarter of fiscal 2017.
• Days sales outstanding were 71 days at September 30, 2018, compared to 60 days at September 30, 2017.
• There were fourteen six-figure license deals in the fourth quarter this fiscal year, compared to seven in the fourth quarter of fiscal 2017.
• The average deal size in the fourth quarter of fiscal 2018 was approximately $48,000, an increase from approximately $47,000 in the fourth quarter of fiscal 2017.
• Deferred revenue was a record $20.3 million at September 30, 2018, a 75% increase from $11.6 million at September 30, 2017.

For earnings history and earnings-related data on Datawatch (DWCH) click here.

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