Mattersight Announces Third Quarter 2013 Results
(firmenpresse) - CHICAGO, IL -- (Marketwired) -- 11/06/13 -- Mattersight Corporation (NASDAQ: MATR) today announced financial results for the third quarter ended September 30, 2013.
Mattersight's total services revenue was $8.6 million, including $6.8 million of subscription revenue. The Company realized an "Adjusted Earnings(1)" profit of $0.3 million for the third quarter of 2013. Adjusted Earnings is a non-GAAP measure. For a reconciliation of operating loss to Adjusted Earnings, see the accompanying schedule. Mattersight's net loss was $2.7 million in the third quarter of 2013.
Achieved $0.3m of Adjusted Earnings
Achieved record gross margin of 68%
Recorded incremental ACV bookings of $3.8 million
Signed seventeen new routing pilots, which will create potential conversion opportunities in 2014; nine of these pilots are new logos
Ended the quarter with a record thirty-three pilots
Increased the conversion value of the active pilots by 80% sequentially
Converted two pilots, one of which resulted in Mattersight's first OEM agreement
Mattersight currently expects its total subscription revenues will increase approximately 7% sequentially in the fourth quarter of 2013.
Mattersight management will host a conference call at 5:00 p.m. ET on Wednesday, November 6, 2013. The conference call and slide presentation will be available at the Investment Community section of Mattersight's website at . To listen to the conference call via telephone, please call 800.952.4789 (domestic) or 404.665.9579 (international), conference ID: 91905725.
For those who cannot access the live broadcast, a replay of the conference call will be available beginning approximately two hours after the live call is completed until December 6, 2013, by dialing 855.859.2056 (domestic) or 404.537.3406 (international), conference ID: 91905725.
Statements in this press release that are not historical facts are "forward-looking statements" that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements, which may be identified by use of words such as "plan," "may," "might," "believe," "expect," "intend," "could," "would," "should," and other words and terms of similar meaning, involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition to other factors and matters contained or incorporated in this document, important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements include, among other things, the risks detailed from time to time in Mattersight's SEC filings. You can locate these filings on the Investor Relations page of Mattersight's website, . Statements included or incorporated by reference into this press release are based upon information known to Mattersight as of the date of this press release, and the company assumes no obligation to publicly revise or update any forward-looking statement for any reason.
Mattersight is a leader in enterprise analytics focused on customer and employee interactions and behaviors. Mattersight® Behavioral Analytics captures and analyzes customer and employee interactions, employee desktop data, and other contextual information to optimally route customers to the best available employee, improve operational performance, and predict future customer and employee outcomes. Mattersight's analytics are based on millions of proprietary algorithms and the application of unique behavioral models. The company's SaaS+ delivery model combines analytics in the cloud with deep customer partnerships to drive significant business value. Mattersight's solutions are used by leading companies in Healthcare, Insurance, Financial Services, Telecommunications, Cable, Utilities, Education, Hospitality, and Government. See What Matters™ by visiting .
(1) Mattersight presents Adjusted Earnings, a non-GAAP measure that represents cash earnings performance, excluding the impact of non-cash expenses and expense reduction activities, because management believes that Adjusted Earnings provide investors with a better understanding of the results of Mattersight's operations. Management believes that Adjusted Earnings reflect Mattersight's resources available to invest in its business and strengthen its balance sheet. In addition, expense reduction activities can vary significantly between periods on the basis of factors that management does not believe reflect current-period operating performance. Although similar adjustments for expense reduction activities may be recorded in future periods, the size and frequency of these adjustments cannot be predicted. The Adjusted Earnings measure should be considered in addition to, not as a substitute for or superior to, operating income, cash flows or other measures of financial performance prepared in accordance with GAAP.
Contact
Mark Iserloth
Vice President and Chief Financial Officer
312.454.3613
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Datum: 06.11.2013 - 15:15 Uhr
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