On Tuesday, Shares of Proofpoint, Inc. (NASDAQ:PFPT), gained 2.20% to $58.90.
Proofpoint, declared financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
- Revenue: Total revenue for the first quarter of 2015 was $57.8 million, an raise of 35% contrast to $42.7 million in the preceding-year period. Within total revenue, subscription revenue was $55.9 million, an raise of 36% on a year-over-year basis. Hardware and services revenue contributed the remaining $1.9 million of total revenue.
- Billings: Total billings were $66.4 million for the first quarter of 2015, an raise of 42% contrast to $46.6 million in the first quarter of 2014. The company defines billings, a non-GAAP financial measure, as revenue recognized during the period plus the change in deferred revenue from the startning to the end of the period.
- Gross Profit: GAAP gross profit for the first quarter of 2015 was $38.5 million contrast to $29.0 million for the first quarter of 2014. Non-GAAP gross profit for the quarter was $41.2 million contrast to $30.4 million in the year ago period. GAAP gross margin for the first quarter of 2015 was 67% contrast to 68% for the first quarter of 2014. Non-GAAP gross margin was 71% for the first quarter of 2015, contrast to 71% for the same period last year.
- Operating Loss: GAAP operating loss for the first quarter of 2015 was $17.5 million contrast to $11.3 million during the first quarter last year. Non-GAAP operating loss for the first quarter of 2015 was $1.6 million contrast to $3.2 million for the same period last year.
- Net Loss: GAAP net loss for the first quarter of 2015 was $21.7 million or $0.56 per share based on 39.0 million weighted average shares outstanding. This compares to a GAAP net loss of $14.4 million or $0.39 per share based on 36.6 million weighted average shares outstanding in the preceding-year period.
- Non-GAAP net loss for the first quarter of 2015 was $3.6 million or $0.09 per share based on 39.0 million weighted average shares outstanding. This compares to a loss of $4.2 million or $0.12 per share based on 36.6 million weighted average shares outstanding during the same period last year.
- Adjusted EBITDA: Adjusted EBITDA for the first quarter of 2015 was a positive $1.2 million contrast to negative $1.4 million for the first quarter of 2014.
- Cash and Cash Flow: As of March 31, 2015, Proofpoint had cash, cash equivalents and short term investments of $193.5 million, a decrease of $21.5 million from the end of the preceding quarter primarily due to purchase of Emerging Threats.
The company generated $11.9 million in net cash from operations for the first quarter of 2015 contrast to generating $4.1 million during the first quarter of 2014. The company generated $7.3 million in free cash flow for the quarter contrast to $1.8 million during the same period last year.
Proofpoint, Inc. provides threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions worldwide. Organizations around the world depend on Proofpoint’s expertise, patented technologies and on-demand delivery system.
Shares of Kinross Gold Corporation (NYSE:KGC), gained 2.18% to $2.34.
Kinross Gold Corporation, plans to release its financial statements and operating results for the first quarter 2015 on Tuesday, May 5, 2015, after market close. On Wednesday, May 6, 2015 at 7:45 a.m. ET Kinross will hold a conference call and audio webcast to talk about the results, followed by a question-and-answer session.
Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores.
At the end of Tuesday’s trade, Shares of Owens Corning (NYSE:OC), gained 2.12% to $42.89.
Owens Corning, is planned to declare first-quarter 2015 financial results on Wednesday, April 22, 2015, preceding to the opening of the New York Stock Exchange.
Chairman and Chief Executive Officer Mike Thaman and Chief Financial Officer Michael McMurray will host an earnings conference call at 11 a.m. ET on April 22 to talk about the company’s financial results.
Owens Corning, together with its auxiliaries, produces and sells glass fiber reinforcements and other materials for composite systems; and residential and commercial building materials worldwide.
Finally, Mellanox Technologies, Ltd. (NASDAQ:MLNX), ended its last trade with 2.11% gain, and closed at $48.30, hitting its highest level.
Mellanox Technologies, declared that Roni Ashuri, Senior Vice President of Engineering, and Shai Cohen, Chief Operating Officer, have indicated their intentions to retire to spend more time with their families. Both Mr. Ashuri and Mr. Cohen assisted co-found Mellanox and have served as officers of the Company since its formation in May 1999. Mr. Ashuri’s and Mr. Cohen’s day-to-day employment with the Company will continue into the fourth quarter of 2015 as part of an orderly transition process.
Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, and sells interconnect products and solutions. The company’s products are used for computing, storage, and communications applications in the high-performance computing, Web 2.0, storage, financial services, enterprise data center, and cloud markets.
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