- Zuora Inc (NYSE:ZUO) shares traded higher by 7.77% at $17.62 in the market session on the last check Thursday.
- The cloud-based software provider reported second-quarter FY22 revenue growth of 15% year-on-year to $86.5 million, beating the analyst consensus of $83.4 million.
- Subscription revenue jumped 23% Y/Y to $71.5 million.
- Customers with ACV equal to or greater than $100,000 rose 8% Y/Y to 694.
- Customer usage of Zuora solutions grew with $18.0 billion in transaction volume through Zuora’s billing platform, up 42% Y/Y.
- Non-GAAP EPS loss of $(0.04) was in line with the consensus.
- Zuora held $200.9 million in cash and equivalents.
- Outlook: Zuora sees Q3 revenue of $86 million – $87 million, above the consensus of $85.4 million, Q3 Non-GAAP EPS loss of $(0.03) – $(0.02) below the consensus loss of $(0.01).
- The company sees FY22 revenue of $340 million – $342 million above the consensus of $338.2 million, non-GAAP EPS loss between $(0.13) – $(0.11) below the consensus loss of $(0.09).
BTIG Maintains Buy on LumiraDx, Lowers Price Target to $4
BTIG analyst Mark Massaro maintains LumiraDx (NASDAQ:LMDX) with a Buy and lowers the price target from $7 to $4.
