ChannelAdvisor sees Q1 revenue approximately $31.2M, consensus $29.8M
Based on information available as of today, total revenue is expected to be approximately $31.2 million, or $1.4 million above the high end of the previous guidance range of $29.4 million to $29.8 million. Adjusted EBITDA, a non-GAAP measure, is expected to be approximately $0.8 million, or $1.1 million above the high end of the previous guidance range of a loss of $(0.7) million to $(0.3) million. ChannelAdvisor's adjusted EBITDA estimate includes an expected net loss of $(3.4) million adjusted for interest income of $(0.1) million, as well as depreciation and amortization expenses of $1.5 million, income tax expense of $0.1 million and stock-based compensation expense of $2.7 million. These results are preliminary and unaudited and are subject to change based on the completion of the company's normal quarter-end review process. As a result, these preliminary results may be different from the actual results that will be reflected in ChannelAdvisor's consolidated financial statements for the quarter ended March 31, 2018 when they are released. "Our preliminary analysis of our first quarter performance indicates that revenue and adjusted EBITDA will be above our previous guidance for the first quarter, reflecting solid execution against our plan," said David Spitz, CEO of ChannelAdvisor. "These anticipated results reflect our continued emphasis on driving revenue growth while improving the efficiency of our business. We look forward to providing final results and additional color on May 10."