TubeMogul Spikes 12% After Beating On Q1 Revenue, Forecasting Big Q2

Quick hit here, everyone: TubeMogul reported its first-quarter financial performance today, which, coupled with guidance for the second quarter, sent its shares soaring in after-hours trading.

The company’s revenue of $30.32 million was better than the $29.41 million that the street expected. The company’s wider-than-expected loss of $0.24 per share, compared to an $0.18 estimated loss, however, paled in comparison to the company’s projected second-quarter revenue of $38 million to $40 million.

Investors had previously anticipated the company’s second-quarter top line to measure in the $36.9 million range. So, despite greater-than-expected negative profitability, TubeMogul’s revenue beat and revenue forecast beat are enough for its shares to pop big after hours:

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The company’s per-share loss widened from $0.11 a year ago to the most recent $0.24 per share deficit. The company has cash and equivalents of $36.85 million, down from $46.592 million at the start of 2015.