Exa Reports Q4 Profit In Line

(RTTNews) - Exa Corp. (EXA) reported net income for the fourth quarter of $0.1 million or $0.01 per share, compared to a net loss of $0.3 million o $0.03 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $0.4 million or $0.03 per share, compared to an adjusted net loss of $0.1 million or $0.01 per share in the prior year quarter.

Total revenue for the fourth quarter rose 16% to $15.2 million from $13.1 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.03 per share on revenue of $14.70 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts total revenue of $13.8 million to $14.2 million, a net loss of $1.0 million to $0.9 million and an adjusted net loss of $0.7 million to $0.5 million.

For the fiscal year 2015, the company forecasts total revenue of $60.5 million to $63.0 million, a net loss of $1.6 million to $1.2 million and adjusted net (loss) income of $(0.2) to $0.3 million.

Analysts currently expect the company to post revenue of $13.67 million for the first quarter and $60.26 million for the fiscal year 2015.