Speed Commerce Q4 Loss Widens; Issues FY15 Revenue Outlook

(RTTNews) - Speed Commerce Inc. (SPDC) Monday posted fourth-quarter net loss of $19.0 million or $0.29 per share, wider than $14.5 million or $0.26 per share in the comparable quarter last year.

Net loss from continuing operations narrowed to $2.4 million or $0.04 per share from $14.4 million or $0.26 per share in the year-ago quarter.

Net revenues for the latest fourth quarter rose 12% to $23.93 million from $21.44 million last year.

Speed Commerce expects fiscal 2015 net revenues to range between $135 million to $145 million, which represents an increase of 26% to 36%.