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Mavenir Systems Inc gives Q2 2014 guidance; EBIT and net income guidance below estimates; gives H1 2014 guidance; raises FY 2014 revenue guidance; reaffirms FY 2014 EBIT guidance


Wednesday, 7 May 2014 04:05pm EDT 

Mavenir Systems Inc:Expects Q2 2014 revenue to range from $29.0 mln to $31.0 mln.Expects Q2 2014 non-GAAP operating loss to range from $(2.6) mln to $(1.3) mln.Expects Q2 2014 non-GAAP net loss to range from $(3.5) mln to $(2.2) mln.Expects Q2 2014 non-GAAP net loss per share ranging from $(0.14) to $(0.09).Expects H1 2014 revenue to range from $57.7 mln to $59.7 mln.Expects H1 2014 non-GAAP operating loss to range from $(2.8) mln to $(1.5) mln.Expects H1 2014 non-GAAP net loss to range from $(4.6) mln to $(3.3) mln.Expects H1 2014 non-GAAP net loss per share ranging from $(0.19) to $(0.14).Increases FY 2014 revenue to range from $124 mln to $127 mln.Expects FY 2014 non-GAAP operating income to be at about a break-even.Q2 2014 revenue of $29.7 mln, EBIT of $(0.2) mln, net income of $(1.4) mln and EPS of $(0.10) - Thomson Reuters I/B/E/S.FY 2014 revenue of $123 mln and EBIT of $(0.3) mln - Thomson Reuters I/B/E/S.