On Thursday, Shares of Box, Inc. (NYSE:BOX), gained 2.81% to $18.29.
Box, declared financial results for the first quarter of fiscal 2016, which ended April 30, 2015.
Fiscal First Quarter Financial Highlights
- Revenue for the first quarter of fiscal 2016 was $65.6 million, an enhance of 45% from the first quarter of fiscal 2015.
- Billings in the first quarter of fiscal 2016 were $69.8 million, an enhance of 58% from the first quarter of fiscal 2015.
- Non-GAAP operating loss in the first quarter of fiscal 2016 was $32.6 million, or 50% of revenue. This compares to non-GAAP operating loss of $31.3 million, or 69% of revenue, in the first quarter of fiscal 2015. GAAP operating loss in the first quarter of fiscal 2016 was $46.6 million, or 71% of revenue. This compares to GAAP operating loss of $37.8 million, or 83% of revenue, in the first quarter of fiscal 2015.
- Non-GAAP net loss per share attributable to common stockholders, basic and diluted, in the first quarter of fiscal 2016 was $0.28 on 119.4 million shares outstanding, contrast to a net loss per share of $2.32 in the first quarter of fiscal 2015 on 13.7 million shares outstanding. GAAP net loss per share attributable to common stockholders, basic and diluted, in the first quarter of fiscal 2016 was $0.40, contrast to a net loss per share of $2.81 in the first quarter of fiscal 2015.
- Net cash used in operating activities in the first quarter of fiscal 2016 totaled $7.2 million, not taking into account $25.0 million in restricted cash used to secure a line of credit for the newly leased Redwood City headquarters. This compares to $23.5 million in the first quarter of fiscal 2015.
- Cash, cash equivalents and marketable securities were $284.0 million as of April 30, 2015. In addition, we have restricted cash of $28.4 million primarily related to our leased facilities.
Box, Inc. provides a cloud-based enterprise content partnership platform that enables organizations of various sizes to access, store, share, and manage their content/information. Its solutions comprise FTP alternative to keep content organized, share files, and manage content access; document administration; an executive boardroom for simplified meeting administration, security and control, and secure mobile access; project administration; a virtual data room; marketing asset administration; a sales portal; secure enterprise mobility; and business applications for enterprise-readiness.
Finally, Invesco Ltd. (NYSE:IVZ), ended its last trade with 0.61% gain, and closed at $39.36.
Invesco, stated preliminary month-end assets under administration (AUM) of $812.4 billion, an enhance of 0.1% month over month. The enhance was driven by favorable market returns which were largely offset by slight long-term net outflows and foreign exchange. FX reduced AUM by $2.4 billion during the month. Preliminary average total AUM for the quarter through May 31 were $813.1 billion, and preliminary average active AUM for the quarter through May 31 were $668.4 billion.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client focused equity, balanced, and fixed income portfolios.
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