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Stock Market & Financial Investment News

News Breaks
June 2, 2014
08:29 EDTKFXKofax initiated with a Buy at Canaccord
Target $10.
News For KFX From The Last 14 Days
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January 20, 2015
08:07 EDTKFXGlobal transport agency invests $1.9M in Kofax software
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January 15, 2015
08:03 EDTKFXKofax announcse global partnership with Xerox
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January 12, 2015
16:35 EDTKFXKofax reports preliminary Q2 adjusted EBITDA $13.7M-$14.7M
Q2 EPS consensus 8c. Reports preliminary Q2 adjusted revenue $80M-$82M, consensus $80.67M. Commenting on the selected preliminary unaudited Non-GAAP financial results, Reynolds C. Bish, CEO, said: “We had a solid quarter in line with both our fiscal year 2015 guidance provided in October and – using the mid point of the ranges above – consensus analyst expectations for the quarter despite unexpected and significant unfavorable exchange rate movements during this period. Given the large amount of our software license revenue and total revenues arising in Euros, British Pounds, Swiss Francs and other currencies that have weakened against the U.S. dollar, this effect was substantial. On a constant currency basis – using exchange rate levels in the prior year period – software license revenue would have been approximately $1.1 million and total revenues $2.7 million higher. The effect on Adjusted EBITDA was less negative as a result of the global nature and distribution of our employees and expenses.” Bish continued: “During the quarter we experienced strong growth in new or acquired products software license revenue and improved core capture software license revenue. We also saw a considerable year over year increase in the number of six figure software license revenue transactions, and new quota bearing sales reps continuing their ramp to productivity as we would expect.”

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