Canaccord Genuity Downgrades Datawatch Corp (DWCH) to Hold
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Datawatch Corp (DWCH) Q1 Preliminary Revenue Misses Views
January 13, 2015 4:09 PM ESTDatawatch Corporation (NASDAQ: DWCH) today announced preliminary results for its first fiscal quarter ended December 31, 2014. The Company anticipates total revenue for the first quarter to be between $6.9 and $7.0 million, and non-GAAP net loss between $4.5 million and $4.6 million. This compares to total revenue of $8.81 million and nonGAAP net loss of $1.98 million for the first fiscal quarter of 2014. Non-GAAP net loss excludes the effects of the non-cash amortization associated with the purchase of certain intellectual property and other intangible assets and non-cash stock compensation costs.
(Street sees Q1 revenue of $9.69 million)
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