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Shopify on Tuesday delivered better-than-expected results during its first-quarter of 2018, putting the Ottawa firm on track towards topping $1 billion in revenues for the year.
The e-commerce specialist reported revenues of $214 million (all figures U.S.), up 68 per cent year over year. This compares to consensus estimates of $202 million.
Shopify also reported an operating loss of $20.3 million. While that was a deterioration from the $14.5 million loss during the same period a year earlier it represented nine per cent of revenues, down from 11 per cent during the first quarter of 2017.
Analysts had been expecting a first-quarter loss this year of $25 million.
The Ottawa firm said it expected revenues to come in between $1 billion and $1.01 billion for the year as a whole, and for the operating loss to be between $105 million and $110 million. Shopify anticipates revenues for the current quarter to range between $230 million and $235 million.
Shopify is generating losses because it is investing heavily in new technologies and sales channels worldwide.
Nevertheless, it finished the first quarter with nearly $1.6 billion worth of cash, thanks to a series of recent share offerings.
More to come.
查看原文...
The e-commerce specialist reported revenues of $214 million (all figures U.S.), up 68 per cent year over year. This compares to consensus estimates of $202 million.
Shopify also reported an operating loss of $20.3 million. While that was a deterioration from the $14.5 million loss during the same period a year earlier it represented nine per cent of revenues, down from 11 per cent during the first quarter of 2017.
Analysts had been expecting a first-quarter loss this year of $25 million.
The Ottawa firm said it expected revenues to come in between $1 billion and $1.01 billion for the year as a whole, and for the operating loss to be between $105 million and $110 million. Shopify anticipates revenues for the current quarter to range between $230 million and $235 million.
Shopify is generating losses because it is investing heavily in new technologies and sales channels worldwide.
Nevertheless, it finished the first quarter with nearly $1.6 billion worth of cash, thanks to a series of recent share offerings.
More to come.
查看原文...
