Paylocity Holding Q4 Loss Widens; Issues Q1, FY15 Outlook - Quick Facts

(RTTNews) - Paylocity Holding Corp. (PCTY) posted fourth-quarter net loss attributable to common stockholders of $9.4 million or $0.26 per share, wider than $2.3 million or $0.07 per share in the year-ago period.

Non-GAAP net loss for the quarter widened to $2.4 million or $0.05 per share from $292 thousand or $0.01 per share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.05 per share. Analysts' estimates typically exclude special items.

Total revenues for the latest fourth quarter rose to $108.69 million from $77.29 million last year, while analysts expected revenue of $26.71 million.

Looking ahead to the first quarter, the company expects non-GAAP loss to be in the range of $0.10 to $0.08 per share and revenue in the range of $29.0 million to $30.0 million. Analysts currently expect first quarter loss of $0.04 per share on revenues of $28.56 million.

For fiscal 2015, the company expects non-GAAP net loss in the range of $0.16 to $0.12 per share and revenue in the order of $139.0 million to $143.0 million. Analysts now expect fiscal 2015 loss of $0.12 per share on revenue of $133.96 million.