New Relic: Fiscal Q4 Earnings Snapshot

May 12, 2022 GMT

SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Thursday reported a loss of $55.5 million in its fiscal fourth quarter.

The San Francisco-based company said it had a loss of 84 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 24 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The cloud-based software analytics company posted revenue of $205.8 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $204.9 million.

For the year, the company reported that its loss widened to $250.4 million, or $3.88 per share. Revenue was reported as $785.5 million.

For the current quarter ending in July, New Relic expects its results to range from a loss of 38 cents per share to a loss of 35 cents per share.

ADVERTISEMENT

The company said it expects revenue in the range of $212 million to $214 million for the fiscal first quarter.

New Relic expects full-year results to range from a loss of 37 cents per share to a loss of 31 cents per share, with revenue ranging from $920 million to $930 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEWR at https://www.zacks.com/ap/NEWR