Box Loss Wider Than Estimates; Stock Down 12%

(RTTNews) - Box Inc (BOX), an enterprise software platform for secure content collaboration, on Wednesday reported fourth-quarter net loss to stockholders of $52.9 million or $2.64 per share compared with a loss of $43.5 million or $3.46 per share last year.

Excluding one-time items, adjusted loss for the quarter was $1.65 per share compared with a loss of $2.85 per share in the prior year.

Revenues for the quarter were up at $62.6 million compared with $38.8 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $1.17 per share on revenues of $58 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, Box expects an operating loss of 56% to 58% on revenues of $63 million to $64 million. Analysts expect revenue of $61.8 million.

For the full year 2015, the company projects an operating loss of 50% to 52% on revenues of $281 million to $285 million. Analysts expect revenue of about $277 million.