Last $3.72 USD
Change Today +0.24 / 6.90%
Volume 2.8M
SREV On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

servicesource international (SREV) Snapshot

Open
$4.09
Previous Close
$3.48
Day High
$4.15
Day Low
$3.68
52 Week High
03/5/14 - $9.63
52 Week Low
10/10/14 - $2.81
Market Cap
311.7M
Average Volume 10 Days
605.4K
EPS TTM
$-0.92
Shares Outstanding
83.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SERVICESOURCE INTERNATIONAL (SREV)

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servicesource international (SREV) Details

ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company operates through three segments: North America and Latin America; Europe, Middle East, and Africa; and Asia Pacific-Japan. It offers end-to-end management and optimization of the service-contract renewals process, including data management, quoting, selling, and recurring-revenue business intelligence. The company provides Renew OnDemand Platform, a Software-as-a-Service (SaaS) based renewal management system based on data warehouse of transactional, analytical, and industry data. Its Renew OnDemand suite of applications comprising Renew Analytics, which offers analysis and reporting; Renew Sales application module that comprises quoting, forecasting, and workflow tools, as well as an analytics dashboard; Renew Ops, which allow customers to separate selling and administrative activities; Renew Channel that offers channel partners and resellers with online access to their specific renewal opportunities and their performance; and Renew Installed Base application, which provides a repository for installed-base data and business intelligence for resellers, distributors, and sales representatives. The company also offers managed services comprising data, enablement, and selling services through service teams. It sells its solutions directly through sales representatives worldwide. The company was founded in 2002 and is headquartered in San Francisco, California with additional offices in Colorado and Tennessee, as well as in the United Kingdom, Ireland, Malaysia, Singapore, and Japan.

servicesource international (SREV) Top Compensated Officers

Chief Customer Officer
Total Annual Compensation: $289.6K
Chairman and Member of The Service Executive ...
Total Annual Compensation: $472.5K
Compensation as of Fiscal Year 2013.

servicesource international (SREV) Key Developments

ServiceSource International, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Goodwill and Other Intangibles Impairment for the Fourth Quarter of 2014; Provides Earnings Guidance for the First Quarter of 2015

ServiceSource International, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenue of $74,654,000 against $77,182,000 for the same period in the last year. Loss from operations was $9,829,000 against $383,000 for the same period in the last year. Loss before income taxes was $13,200,000 against $3,308,000 for the same period in the last year. Net loss was $13,541,000 or $0.16 per basic and diluted share against $1,989,000 or $0.02 per basic and diluted share for the same period in the last year. Non-GAAP net revenue was $74,924,000 against $77,182,000 for the same period in the last year. Non-GAAP net income was $466,000 or $0.01 per diluted share against $3,235,000 or $0.04 per diluted share for the same period in the last year. EBITDA was negative $6,280,000 against EBITDA of $2,259,000 for the same period in the last year. Adjusted EBITDA was $4,368,000 against $8,578,000 for the same period in the last year. For the year, the company reported net revenue of $272,180,000 against $272,482,000 for the same period in the last year. Loss from operations was $83,849,000 against $17,561,000 for the same period in the last year. Loss before income taxes was $94,857,000 against $21,981,000 for the same period in the last year. Net loss was $95,159,000 or $0.15 per basic and diluted share against $22,852,000 or $0.29 per basic and diluted share for the same period in the last year. Net cash used in operating activities was $23,762,000 against net cash provided by operating activities of $15,675,000 for the same period in the last year. Acquisition of property and equipment was $9,357,000 against $5,261,000 for the same period in the last year. Non-GAAP net revenue was $273,526,000 against $272,482,000 for the same period in the last year. Non-GAAP net loss was $18,721,000 or $0.23 per diluted share against net income of $5,251,000 or $0.06 per diluted share for the same period in the last year. LBITDA was $70,630,000 against $5,909,000 for the same period in the last year. Adjusted LBITDA was $19,235,000 against adjusted EBITDA of $17,711,000 for the same period in the last year. Cash flow from operations was a negative $7.6 million. Cash capital expenditures were $1.7 million, including approximately $1 million of capitalized development costs, resulting in negative free cash flow of $8.6 million after adjusting for exchange rates. The company reported goodwill and other intangibles impairment of $4,108,000 for the fourth quarter of 2014. The company provided earnings guidance for the first quarter of 2015. For the first quarter of 2015, the company expects consolidated revenue to be in the range of $60 million to $64 million on a non-GAAP basis, reflecting a decrease of 5% to 11% from the prior year. The company expects consolidated non-GAAP gross margins to be in the range of 28% to 31% in the first quarter. The company’s forecast of non-GAAP operating expenses in the first quarter of 2015 of approximately $26 million, results to an adjusted EBITDA loss of $4 million to $7 million for the quarter and a non-GAAP net loss of $4 million to $6 million or $0.05 to $0.07 per share. This assumes a basic share count of 85 million shares and a normalized tax rate of 40%. Finally, the company currently forecasts negative free cash flow in the quarter of $2 million to $5 million, which includes approximately $0.5 million in payments related to restructurings. As a result of this, the company expects to end the quarter with cash, equivalents, investments of between $210 million and $213 million.

ServiceSource International, Inc. to Report Q4, 2014 Results on Feb 26, 2015

ServiceSource International, Inc. announced that they will report Q4, 2014 results at 4:30 PM, US Eastern Standard Time on Feb 26, 2015

ServiceSource International, Inc., Q4 2014 Earnings Call, Feb 26, 2015

ServiceSource International, Inc., Q4 2014 Earnings Call, Feb 26, 2015

 

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Price/Earnings NM Not Meaningful
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Price/Book 1.8x
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