Velti has reported losses in its Q4 and 2012 results. For the quarter, revenue totaled $97 million, up from the $87 million in the same period the previous year. Attributable net, however, plunged into the red at $5.2 million ($0.08 per diluted share) from Q4 2011's profit of $25.0 million ($0.40).
On an adjusted and diluted basis, the mobile marketer had a net profit of $0.39 for the period, against the previous year's Q4 EPS of $0.59.
The latest quarterly numbers were notably below analyst expectations of $106 million in revenue and a per-share profit of $0.59.
For the full year, top line was $270 million, nearly one-third higher than the 2011 figure of $189 million. But net loss was also much greater, landing at $56.4 million ($0.88 per diluted share) for the year against 2011's shortfall of $15.4 million ($0.28). Those EPS numbers on an adjusted basis were $0.34 for 2012 and $0.50 for the previous year.
Velti also provided guidance for its current quarter and fiscal year. For the former, the company expects revenue of $40 million-$44 million, significantly below the $63 million analysts had anticipated. The firm believes it will take in $255 million-$280 million, which also fell short of market expectations ($340 million).
The article Velti Posts Q4, 2012 Losses originally appeared on Fool.com.
Fool contributor Eric Volkman and The Motley Fool have no position in Velti. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.