Stock Monitor: Benefitfocus Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 20, 2018 / Active-Investors.com has just released a free earnings report on Instructure, Inc. (NYSE: INST). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=INST. On February 12, 2018, Instructure reported financial results for the full year and fourth quarter ended December 31, 2017. The Company reported major improvements in revenue as well as earnings in Q4 FY17 and full year 2017. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Instructure most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
Instructure's total revenues reached $43.84 million, up 38.96% for Q4 FY17 from $31.55 million in Q4 FY16 due to its increasing customer base. The Company generated revenues of $39.34 million (or 89.73% of total) from subscription and support and $4.5 million (or 10.27% of total) from professional services in Q4 FY17. The reported total revenue number exceeded analysts' consensus estimates of $41.4 million.
During Q4 FY17, Instructure's cost of revenue was $13.3 million, an increase of 45.70% from $9.13 million in Q4 FY16. The Company's gross profit advanced 36.21% to $30.54 million in Q4 FY17 from $22.42 million in Q4 FY16. The Company's gross margin reduced 1.41% to 69.66% in Q4 FY17 from 71.07% in Q4 FY16.
For Q4 FY17, Instructure's operating expenses jumped 22.02% to $43.02 million from $35.26 million in Q4 FY16. The Company incurred a loss from operations of $12.48 million in the reported quarter compared to operating loss of $12.84 million in the previous year's same quarter.
Instructure reported a net loss of $11.72 million in Q4 FY17 compared to a net loss of $12.92 million in Q4 FY16. Net loss per share (LPS) for the quarter under review was $0.39 from net LPS of $0.46 in the year ago corresponding quarter. For the reported quarter, Instructure's results included special items such as stock-based compensation expense, amortization cost of acquisition related intangibles, deferred income tax benefit from business combination due to Tax Cuts and Jobs Act. The Company's adjusted LPS, after excluding non-recurring items, were $0.27 in Q4 FY17 compared to $0.35 in Q4 FY16. Analysts expected a loss of $0.28 per share for the reported quarter.
For the year ending December 31, 2017, Instructure's total revenues were $158.81 million, up 43.22% from $110.88 million in FY16. The Company's gross profit advanced 43.90% to $112.43 million y-o-y in FY17. Instructure's operating loss narrowed to $50.78 million in the year under review from $53.38 million in the previous year. The Company reported a net loss of $49.82 million in FY17 compared to a loss of $53.57 million in FY16. Instructure's LPS was $1.69 in FY17 compared to $1.92 in FY16. Adjusted LPS, excluding special items, improved to $1.19 in full year 2017 from $1.55 in FY16.
Instructure had cash and cash equivalents of $35.69 million as on December 31, 2017, a decline of 19.86% from $44.54 million as on December 31, 2016.
For the quarter ending December 31, 2017, Instructure's cash outflow from operating activities was $25.05 million compared to a cash outflow of $14.87 million from operating activities in same period in 2016.
Instructure purchased property and equipment worth $4.92 million in Q4 FY17 compared to $2.1 million in Q4 FY16, reflecting an increase of 134.4% The Company issued common stock worth $4.61 million from employee equity plans in the quarter under review, 83.14% up from $2.52 million in the year ago same quarter.
For the first quarter of 2018, Instructure expects revenue to be in the range of $46.8 million to $47.4 million. The Company expects a non-GAAP net loss of $7.4 million to $6.8 million, and non-GAAP net loss per common share of $0.24 to $0.22 in Q1 FY18.
For the full year 2018, Instructure expects revenue to be in the range of $203.5 million to $209.5 million. The Company expects a non-GAAP net loss of $32.3 million to $30.3 million, and non-GAAP net loss per common share of $1.03 to $0.97 in FY18.
Stock Performance Snapshot
March 19, 2018 - At Monday's closing bell, Instructure's stock slightly dropped 0.33%, ending the trading session at $44.70.
Volume traded for the day: 167.20 thousand shares.
Stock performance in the last month - up 8.50%; previous three-month period - up 33.04%; past twelve-month period - up 78.80%; and year-to-date - up 35.05%
After yesterday's close, Instructure's market cap was at $1.37 billion.
The stock is part of the Technology sector, categorized under the Application Software industry.
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