Aerohive Networks (HIVE) Posts Wider-than-Expected Q1 Loss, Sales Miss
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Aerohive Networks Reports First Quarter 2015 Financial Results
May 6, 2015 4:05 PM EDTSUNNYVALE, Calif.--(BUSINESS WIRE)-- Aerohive Networks® (NYSE: HIVE), a leader in controller-less Wi-Fi and cloud-managed mobile networking for the enterprise market, today announced financial results for its first quarter of 2015, ended March 31, 2015.
Financial Summary
Total revenue for the first quarter of 2015 was $25.8 million, a decrease of 9%, compared with $28.2 million for the first quarter of 2014. Software subscription and services revenue was $5.3 million, or 21% of total revenue for the quarter, compared with $3.4 million, or 12% of total revenue for the first quarter of 2014.
For the first quarter of 2015, GAAP net loss was $16.1... More
