Amber Road reports Q4 EPS 0c, consensus (5c)
Reports Q4 revenue $20.6M, consensus $20.42M. Q4 Subscription revenue was $14.9 million, an increase compared to $14.0 million for the comparable period of 2016. CEO Jim Preuninger states: "I am particularly pleased that for 2017 we generated positive adjusted EBITDA and positive cash flow from operations, exclusive of the retention payment for ecVision. Increasingly complex global trade regulations, ever-changing free trade agreements, and continual shifts in global logistics and supply chains are driving demand for our solutions. During 2017, we were successful in adding many great customers across all of the industry verticals and geographies we serve, as well as expanding across our existing customer base. Our customer retention was again very high, and we saw many lighthouse customers go-live each quarter. We believe we have set a path towards generating stronger revenue growth, while delivering sustainable profit and cash flow."