BURLINGTON, Mass. (AP) _ Everbridge Inc. (EVBG) on Tuesday reported a loss of $25.4 million in its first quarter.
On a per-share basis, the Burlington, Massachusetts-based company said it had a loss of 74 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 16 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.
The software developer posted revenue of $58.9 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $57.7 million.
For the current quarter ending in July, Everbridge expects its results to range from a loss of 22 cents per share to a loss of 20 cents per share.
The company said it expects revenue in the range of $62.9 million to $63.3 million for the fiscal second quarter.
Everbridge expects full-year results to range from a loss of 19 cents per share to a loss of 16 cents per share, with revenue ranging from $261.5 million to $263.5 million.
Everbridge shares have climbed 45% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $112.86, a climb of 52% in the last 12 months.