Bearish stock to watch: Zuora Inc (NYSE: ZUO)

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Zuora Inc (NYSE: ZUO) stock plunged 14.06% on March 24th, 2019 (Source: Google finance) after the company posted mixed results for the fourth quarter of FY 19. Non-GAAP loss from operations was $11.6 million, compared to a non-GAAP loss from operations of $9.9 million in the fourth quarter of fiscal 2018. Non-GAAP net loss was $11.5 million, compared to a non-GAAP net loss of $10.3 million in the fourth quarter of fiscal 2018. Net cash used in operating activities was $7.0 million, compared to net cash used in operating activities of $6.9 million in the fourth quarter of fiscal 2018. Free cash flow was negative $9.8 million compared to negative $9.1 million in the fourth quarter of fiscal 2018.  Cash and cash equivalents, restricted cash and short-term investments were $177.9 million as of January 31, 2019.

Bearish stock to watch: Zuora Inc (NYSE: ZUO)

ZUO in the fourth quarter of FY 19 has reported the adjusted loss per share of 11 cents, which is in line with the analysts’ estimates for the adjusted loss per share of 11 cents. The company had reported the adjusted revenue growth of 29 percent to $64.1 million in the fourth quarter of FY 19, beating the analysts’ estimates for revenue of $62.87 million. Customers with ACV equal to or greater than $100,000 was 526, which represents 27% year-over-year growth.

Moreover, Customer usage of Zuora solutions grew, with $10.8 billion in transaction volume through Zuora’s billing platform during Q4, an increase of 56% year-over-year. Interbrand was added to Zuora’s network of partners to help the world’s most recognized brands succeed in the Subscription Economy through joint business, brand and technology strategy.

The Winter ‘19 product release included new innovation in automation and usability across Zuora Billing, Zuora Collect, and Zuora RevPro.

For the first quarter FY 20, Zuora expects its results to range from a loss of 14 cents per share to a loss of 13 cents per share. The company said it expects revenue in the range of $63.5 million to $64.5 million for the fiscal first quarter.

Zuora expects full-year results to range from a loss of 44 cents per share to a loss of 40 cents per share, with revenue ranging from $289 million to $293.5 million.

Meanwhile, ZUO has added five new U.S. patents in FY’19, continuing to develop innovative technology to power the Subscription Economy.

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