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Wednesday, December 13, 2017

=Tintri (TNTR) reported earnings on Wed 13 Dec 2017 (a/h)



Tintri reports EPS in-line, misses on revs; guides Q4 EPS below consensus, revs below consensus; co is currently exploring strategic options  
  • Reports Q3 (Oct) loss of $0.79 per share, excluding non-recurring items, in-linewith the Capital IQ Consensus of ($0.79); revenues fell 6.2% year/year to $31.8 mln vs the $36.55 mln Capital IQ Consensus.
  • Co issues downside guidance for Q4, sees EPS of ($0.83) - ($0.79), excluding non-recurring items, vs. ($0.72) Capital IQ Consensus Estimate; sees Q4 revs of $25-27 mln vs. $42.89 mln Capital IQ Consensus Estimate.
  • "Despite the lower revenue, we saw improvement in our gross margin and our non-GAAP earnings per share met consensus expectations. We are exploring strategic options available to the company to deliver value to our stockholders, including retaining investment bank advisors to assist us in this process and optimizing our operating model to reduce our cash burn rate and shorten the time to generate positive cash flow."

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