Mattersight Announces Second Quarter 2016 Results
(firmenpresse) - CHICAGO, IL -- (Marketwired) -- 08/09/16 -- Mattersight Corporation (NASDAQ: MATR), the pioneer in personality-based software applications, today announced financial results for the second quarter ended June 30, 2016.
"With four new logo customers closed in Q2 and rolling four quarter bookings up 24% year-over-year, we continue to be very bullish on the growth of our sales team and the market traction from Predictive Behavioral Routing," said Mattersight CEO Kelly Conway. "Our sales pipeline is the strongest we''ve ever seen, and we are projecting significant revenue acceleration in the back half of 2016 as a result of our recent bookings and contract backlog. The next couple of quarters should be transformational for Mattersight."
Annual Contract Value (ACV) bookings for the second quarter were $4.4 million. ACV bookings for the last four quarters were $23.7 million, a 24% year-over-year increase.
Annualized Book of Business was $59.4 million for the second quarter, up 21% on a year-over-year basis.
Total subscription revenues were $8.5 million.
Total revenues for the second quarter were $9.1 million.
: ACV in deployment was $23.1 million, a 131% increase on a year-over-year basis.
Gross margin was 65% in the second quarter.
Signed a record four new logo customers, two in healthcare and two in retail, including CX leader Nordstrom and a top 10 U.S. big-box retailer.
Signed inVentiv Health as the first customer for Workstyle, a lightweight SaaS app that bolsters emotional connections and employee engagement in the call center via gamified personality training.
Added another new patent, bringing Mattersight''s total U.S. patent portfolio to 26 and bolstering the protection of Mattersight''s innovative solutions.
Achieved certification as a Payment Card Industry Data Security Standard Level 1 Service Provider for the seventh consecutive year, affirming Mattersight''s rigorous security controls and robust protection of sensitive customer data.
The Company realized an "Adjusted EBITDA(1)" loss of $3.1 million for the second quarter of 2016. Adjusted EBITDA is a non-GAAP measure. For a reconciliation of net loss to Adjusted EBITDA, see the accompanying schedule. Mattersight''s net loss was $6.2 million in the second quarter of 2016. Annualized Book of Business is a non-GAAP measure. For a reconciliation of Annualized Book of Business to total revenue, see the accompanying schedule. In response to recent Securities and Exchange Commission guidance on non-GAAP measures, we will be discontinuing the use of the Annualized Book of Business metric. We expect to replace it with a comparable operational metric. While the company believes that this metric is useful in evaluating its business, this information should be considered supplemental in nature and is not meant as a substitute for revenue recognized in accordance with GAAP.
Mattersight management will host a conference call at 5:00 p.m. ET on Tuesday, August 9, 2016. The conference call and slide presentation will be available at the Investor Relations 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: 55535314.
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 September 9, 2016, by dialing 855.859.2056 (domestic) or 404.537.3406 (international), conference ID: 55535314.
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. In light of Regulation FD, it is our policy not to comment on earnings, financial guidance or operations other than through press releases, publicly announced conference calls, or other means that will constitute public disclosure for purposes of Regulation FD. Mattersight uses its website at as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Mattersight''s mission is to help brands have more effective and effortless conversations with their customers. Using a suite of innovative personality-based software applications, Mattersight can analyze and predict customer behavior based on the language exchanged during service and sales interactions. This insight can then facilitate real-time connections between customers and the agents best capable of handling their needs. Mattersight''s stack of patented SaaS applications has influenced hundreds of millions of shorter, more satisfying customer interactions. Organizations across the Financial Services, Healthcare, Technology and Telco industries rely on Mattersight to drive customer retention, employee engagement and operating efficiency. documents the average return on investment for these organizations is 344%. To learn more about how Mattersight can help your company, please visit .
(1) Mattersight presents Adjusted EBITDA, 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 EBITDA provides investors with a better understanding of the results of Mattersight''s operations. Management believes that Adjusted EBITDA reflects 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 EBITDA 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.
David Gustafson
Interim Chief Financial Officer
847.582.7016
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 09.08.2016 - 14:15 Uhr
Sprache: Deutsch
News-ID 1451620
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
CHICAGO, IL
Phone:
Kategorie:
Other Professional Services
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 260 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Mattersight Announces Second Quarter 2016 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).
