Last $3.75 USD
Change Today -0.12 / -3.10%
Volume 519.2K
SREV On Other Exchanges
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As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

servicesource international (SREV) Snapshot

Open
$3.82
Previous Close
$3.87
Day High
$3.90
Day Low
$3.72
52 Week High
03/5/14 - $9.63
52 Week Low
10/10/14 - $2.81
Market Cap
314.2M
Average Volume 10 Days
558.8K
EPS TTM
$-0.73
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.

2,914 Employees
Last Reported Date: 03/7/14
Founded in 2002

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. Announces Executive Changes

ServiceSource announced that its Board of Directors named Christopher M. Carrington as the company's next Chief Executive Officer, effective December 1, 2014. Concurrent with Mr. Carrington joining the company, Ashley Johnson, previously CFO and most recently Acting CEO, will assume the role of the company's Chief Customer Officer, overseeing the customer-facing functions for ServiceSource. Simon Biddiscombe will remain the Chief Financial Officer for the business. Most recently, Mr. Carrington served as Executive Vice President of Global Delivery for SYKES Enterprises, Inc.

ServiceSource Appoints Rishi Bajaj to its Board of Directors

ServiceSource announced that it has appointed Rishi Bajaj to its Board of Directors. Mr. Bajaj has extensive experience in finance and capital markets, and his appointment is expected to bring additional expertise to ServiceSource's Board as the company continues to execute on its strategy to return the business to growth and profitability. Prior to co-founding Altai Capital, Mr. Bajaj was a Senior Analyst at Silver Point Capital, L.P. and a Mergers and Acquisitions and Restructuring Analyst at Gleacher Partners, Inc.

ServiceSource International, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

ServiceSource International, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenues of $64.713 million against $66.482 million a year ago. Loss from operations was $39.119 million against $3.656 million a year ago. Loss before income taxes was $41.986 million against $4.749 million a year ago. Net loss was $41.786 million or $0.50 per diluted share against $5.502 million or $0.07 per diluted share a year ago. Non-GAAP net revenue was $65.030 million against $66.482 million a year ago. Non-GAAP net loss was $6.340 million or $0.08 per diluted share against non-GAAP net income of $2.042 million or $0.02 per diluted share a year ago. Adjusted LBITDA was $7.441 million against adjusted EBITDA of $5.292 million a year ago. Cash flow from operations was a negative $16.1 million. Capital expenditures were $2 million, including approximately $1 million of capitalized development costs resulting in negative free cash flow of $17.3 million after adjusting for exchange rates. For the nine months, the company reported net revenues of $197.526 million against $195.300 million a year ago. Loss from operations was $74.019 million against $17.178 million a year ago. Loss before income taxes was $81.657 million against $18.673 million a year ago. Net loss was $81.618 million or $0.99 per diluted share against $20.863 million or $0.27 per diluted share a year ago. Net cash used in operating activities was $16.194 million against net cash provided by operating activities of $14.764 million a year ago. Acquisition of property and equipment was $7.625 million against $3.108 million a year ago. Non-GAAP net revenue was $198.602 million against $195.300 million a year ago. Non-GAAP net loss was $19.188 million or $0.23 per diluted share against non-GAAP net income of $2.018 million or $0.02 per diluted share a year ago. Adjusted LBITDA was $23.602 million against adjusted EBITDA of $9.133 million a year ago. For the fourth quarter of 2014, the company expects consolidated revenue to be in the range of $65 million to $70 million on a non-GAAP basis, reflecting a decrease of 9% to 16% from the prior year. The company expects consolidated non-GAAP gross margins to be in the range of 27% to 30%. Adjusted EBITDA loss to be in the range of $5 million to $8 million and a non-GAAP net loss to be in the range of $5 million to $6.5 million or $0.06 to $0.08 per share. The company currently forecasts negative free cash flow in the quarter of $11 million to $15 million, which includes approximately $1.5 million in payments relating to the restructuring.

 

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SREV

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Valuation SREV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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