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Bazaarvoice Q1 2015 revenue of $46 million

Staff writer |
The network connecting brands and retailers wirh consumers, Bazaarvoice, Inc., reported its financial results for the first fiscal quarter of 2015 ended July 31, 2014.

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Bazaarvoice reported revenue of $46 million for the first quarter of 2015, up 14% from the first quarter of 2014, and consisted of SaaS revenue of $44.3 million and net media revenue of $1.7 million.

Adjusted EBITDA for the first quarter of 2015 was a loss of $5.3 million consistent with a loss of $5.3 million for the first quarter of 2014.

GAAP net loss was $10.3 million, compared to a GAAP net loss of $17.6 million for the first quarter of 2014. GAAP net loss per share was $0.13 based upon weighted average shares outstanding of 77.8 million, compared to $0.23 for the first quarter of 2014 based upon weighted average shares outstanding of 74 million.

Non-GAAP net loss was $6.7 million, compared to a non-GAAP net loss of $5.7 million for the first quarter of 2014. Non-GAAP net loss per share was $0.09 based upon weighted average shares outstanding of 77.8 million, compared to $0.08 for the first quarter of 2014 based upon weighted average shares outstanding of 74.0 million.

The number of active clients at the end of the first fiscal quarter of 2015 was 1,197 and the number of network clients at the end of the first fiscal quarter of 2015 was over 1,800. Annualized SaaS revenue per average active client for the first fiscal quarter of 2015 was approximately $152,000.


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