From The Sip Trunking Experts

TMCNet:  SoundBite reports higher Q3 net loss, updates guidance for Q4

[November 30, 2012]

SoundBite reports higher Q3 net loss, updates guidance for Q4

Nov 30, 2012 (Datamonitor via COMTEX) -- SoundBite Communications, Inc., a provider of cloud-based customer experience solutions, has reported that net loss for the third quarter ended September 30, 2012 was $513,000, or $0.03 loss per share, compared to a net loss of $196,000, or $0.01 loss per share, for the same quarter ended September 30, 2011. The company has updated its guidance, and now expects revenue to be in the range of $12.3 million to $13.1 million for the fourth quarter of 2012.

Revenues for the third quarter ended September 30, 2012 were $12.16 million, compared to $10.96 million for the same quarter ended September 30, 2011.

Net loss for the nine months ended September 30, 2012 was $2.29 million, or $0.14 loss per share, compared to a net loss of $1.9 million, or $0.12 loss per share, for the same period ended September 30, 2011.

Revenues for the nine months ended September 30, 2012 were $34.22 million, compared to $29.67 million for the same period ended September 30, 2011.

The company expects GAAP net loss to be in the range of $200,000, or $0.01 loss per share to $700,000, or $0.04 loss per share, for the fourth quarter of 2012.

"We were very pleased with our record revenues this quarter, surpassing the guided range as well as the preliminary results released on October 16th," stated Jim Milton, president and CEO of SoundBite Communications. "Mobile continues to drive that growth, delivering 83% growth this quarter, including 46% organic growth, over the same period last year and demonstrating the strength of our underlying mobile business across our Mobile Marketing and Hosted Contact Center businesses." Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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