ACV (ACVA) Misses Q1 EPS by 14c, provides guidance

ACV (NASDAQ: ACVA) reported Q1 EPS of ($0.13), $0.14 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $146 million versus the consensus estimate of $143.95 million.

GUIDANCE:

ACV sees Q2 2024 revenue of $154-158 million, versus the consensus of $157.9 million.
GAAP net income (loss) of ($19) to ($17) million
Non-GAAP net income of $2 to $4 million
Adjusted EBITDA of $6 to $8 million.

Full-Year 2024:

Total revenue of $610 to $625 million, versus the consensus of $612.9 million, an increase of 27% to 30% year over year
GAAP net income (loss) of ($85) to ($80) million
Non-GAAP net income of $3 to $8 million
Adjusted EBITDA of $20 to $25 million

For earnings history and earnings-related data on ACV (ACVA) click here.

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