ClickSoftware Slips To Loss In Q1; Revises FY Forecast

(RTTNews) - ClickSoftware Technologies Ltd. (CKSW) Wednesday reported first-quarter net loss of $2.0 million, or $0.06 per share compared with a net income of $0.1 million, or $0.00 per share, in the same period last year. On a Non-GAAP basis, net loss for the quarter was $1.0 million, or $0.03 per share. On average, 3 analysts polled by Thomson Reuters expected loss per share of $0.02 for the quarter. Analysts' estimates typically exclude one-time items.

The company's total revenues for the quarter rose 16 percent to $28.4 million from $24.5 million in the first quarter of 2013.Analysts estimated revenues of $25.69 million for the quarter. The firm now expects full-year loss per share of $0.12 to a loss of $0.04 from its previous range of loss per share of $0.04 to $0.02 profit.On a Non-GAAP basis, the company now expects full-year earnings per share to be in the range of $0.04 - $0.12 versus the previous earnings per share of $0.06 - $0.12.

Also, the company raised its full year revenue guidance to $126 - $132 million from the previous guidance of $111 - $115 million. Analysts project full-year earnings of $0.07 per share, on annual revenues of $116.75 million.