Mattersight Announces Third Quarter 2014 Results
(firmenpresse) - CHICAGO, IL -- (Marketwired) -- 11/05/14 -- Mattersight Corporation (NASDAQ: MATR) today announced financial results for the third quarter ended September 30, 2014.
Mattersight''s total services revenue was $7.7 million, including $6.5 million of subscription revenue. The Company realized an "Adjusted Earnings(1)" loss of $1.5 million for the third quarter of 2014. 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 $4.2 million in the third quarter of 2014.
Grew Revenues 5% sequentially to $7.7 million; up 11% year-over-year, excluding the Vangent / GDIT contract
Increased contracted revenues in deployment to a record $1.8 million
Grew the Book of Business 7% sequentially to $9.5 million; up ~40% annualized year to date
Converted a record 8 pilots, including a record 6 routing pilots
Grew routing seats sold by ~45% sequentially; grew routing seats in appliance pilots by 240% year-over-year to ~14,000
Ended the quarter with a record 79 pilots, up 139% year-over-year, with a follow-on ACV of ~$39 million, up 84% year-over-year
Ended the quarter with $18.3 million in cash, no debt, and $10 million available on our line of credit
Received add-on orders for additional 3,500+ routing seats in October
Announced esurance as a new routing customer
Received significant recognition for routing: Chicago Innovation Award and CUSTOMER Magazine Innovation Award
Announced relationship with ERB to OEM our algorithms to score student essay content
Granted two important patents in Q3: one for analyzing personality in all forms of electronic communications, including email, web interactions, digital video and social media; and one for Predictive Behavioral Routing
Mattersight management will host a conference call at 5:00 p.m. ET on Wednesday, November 5, 2014. 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: 33607327.
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, 2014, by dialing 855.859.2056 (domestic) or 404.537.3406 (international), conference ID: 33607327.
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
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 05.11.2014 - 15:15 Uhr
Sprache: Deutsch
News-ID 1315894
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
CHICAGO, IL
Phone:
Kategorie:
Other Professional Services
Anmerkungen:
Diese Pressemitteilung wurde bisher 113 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Mattersight Announces Third Quarter 2014 Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
Mattersight Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
