Zuora, Inc. (ZUO) Tops Q4 EPS by 3c, Revenues Beat; Offers 1Q & FY22 Revenues Guidance Below Consensus, Offers 1Q & FY22 EPS Outlook

Zuora, Inc. (NYSE: ZUO) reported Q4 EPS of ($0.02), $0.03 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $79.3 million versus the consensus estimate of $76.05 million.

Fourth Quarter Fiscal 2021 Financial Results:

• Revenue: Total revenue was $79.3 million, an increase of 13% year-over-year. Subscription revenue was $65.1 million, an increase of 19% year-over-year.
• GAAP Loss from Operations: GAAP loss from operations was $18.6 million, compared to a loss from operations of $24.4 million in the fourth quarter of fiscal 2020.
• Non-GAAP Loss from Operations: Non-GAAP loss from operations was $1.8 million, compared to a non-GAAP loss from operations of $10.5 million in the fourth quarter of fiscal 2020.
• GAAP Net Loss: GAAP net loss was $18.8 million, or 24% of revenue, compared to a net loss of $23.8 million, or 34% of revenue, in the fourth quarter of fiscal 2020. GAAP net loss per share was $0.16 based on 119.9 million weighted average shares outstanding, compared to a net loss per share of $0.21 based on 113.2 million weighted average shares outstanding in the fourth quarter of fiscal 2020.
• Non-GAAP Net Loss: Non-GAAP net loss was $2.0 million, compared to a non-GAAP net loss of $9.8 million in the fourth quarter of fiscal 2020. Non-GAAP net loss per share was $0.02 based on 119.9 million weighted average shares outstanding, compared to a non-GAAP net loss per share of $0.09 based on 113.2 million weighted average shares outstanding in the fourth quarter of fiscal 2020.
• Operating Cash Flow: Net cash provided by operating activities was $3.1 million, compared to net cash provided by operating activities of $4.0 million in the fourth quarter of fiscal 2020.
• Free Cash Flow: Free cash flow was $2.1 million compared to negative $4.5 million in the fourth quarter of fiscal 2020.
• Cash and Cash Equivalents and Short-term Investments: Cash and cash equivalents and short-term investments were $186.6 million as of January 31, 2021.

"We had a strong finish to the year, exceeding expectations across our operating results," said Tien Tzuo, founder and CEO of Zuora. "I’m incredibly proud of our employees for their execution - we innovated, we focused on our customers, and we continued to grow the business. Enterprises are coming to Zuora for our technology, expertise and partnerships, and we’re helping them win in the Subscription Economy.”

GUIDANCE:

Zuora, Inc. sees Q1 2022 EPS of ($0.04)-($0.03), versus the consensus of ($0.04). Zuora, Inc. sees Q1 2022 revenue of $63-65 million, versus the consensus of $79.36 million.

Zuora, Inc. sees FY2022 EPS of ($0.10)-($0.06), versus the consensus of ($0.09). Zuora, Inc. sees FY2022 revenue of $272-276 million, versus the consensus of $332.94 million.

For earnings history and earnings-related data on Zuora, Inc. (ZUO) click here.

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