MobileIron Posts Lower-Than-Expected FQ3 Loss Of $0.20 Per Share Off Revenue Of $38M

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LinkedIn Earnings Beat Expectations With $780M In Revenue, Stock Jumps 9%

Following the bell, device management shop MobileIron announced its fiscal third quarter financial performance, including revenue of $38 million, and adjusted profit of negative $0.20. Using normal accounting techniques, the company lost a stiffer $0.30 per share.

Investors had expected MobileIron to lose an adjusted $0.20 per share, off of $37.61 million in revenue. The company’s modest beat puts its revenue, on a GAAP basis, up 9 percent compared to its year-ago figure.

MobileIron has had a rough time as a public company. Not only has its share price declined to a fraction of its prior valuation, but the firm is also under siege from its shareholders. The company went public at $9 per share. It now trades for less than $4. As such, many parties are less than pleased with its performance.

The firm is worth just over $300 million, according to Google Finance, a firm discount to the valuation at which it went public.

Here is what the firm expects for the current quarter:

  • Total billings are expected to be between $46 million and $49 million, growth of 9% to 16% year-over-year.
  • Total non-GAAP revenue is expected to be between $41 million and $42 million, growth of 12% to 15% year-over-year, and GAAP revenue is expected to be between $41.1 million and $42.1 million.
  • Non-GAAP operating expenses are expected to be between $44 million and $46 million.

Public databases have yet to record material changes in the share price of MobileIron following its results. The smaller the stock, the less it is traded, mostly — as such, the impact of its results is less apparent in the short-term.

Still, coming in ahead of expectations is always nice. Perhaps the company can regain some of its lost territory when it comes to its valuation.