MobileIron Pops 7% After Reporting Bigger Than Expected Q2 Revenue Of $31.5M

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Today marks MobileIron’s first earnings report as a public company. In the second quarter, the mobile device management company had GAAP revenue of $31.5 million, a per-share loss of $0.66 on a GAAP basis, and $0.52 on a non-GAAP basis.

The market had expected MobileIron to lose $0.70 on revenue of $26.84 million.

MobileIron went public at $9 per share. After cracking the $11 mark, the company has traded under its offering price in recent days. In after-hours trading, following its earnings beat, the company’s shares are up more than 7 percent.

MobileIron’s “Subscription” revenue, a marker that could be linked to the company’s annual recurring revenue, grew to $7.10 million in the period. The company’s full revenue tally was up a modest 25.09 percent from the year-ago quarter.

For the current quarter, MobileIron expects between $31.2 and $33.2 million in GAAP revenue, and total calendar 2014 revenue on a GAAP basis of between $120 million to $130 million.

The company ended the period with more than $155 million in cash, a large chunk of which came from its recent flotation.

In sum, a decent quarter for the company, and one that came in ahead of expectations. Its net loss of $17.11 million in the quarter, up from a year-ago loss of $6.20 million a year ago, however, isn’t as rosy.

IMAGE BY Flickr USER Ed Schipul UNDER CC BY 2.0 LICENSE