Key Developments: SciQuest Inc (SQI.OQ)
24.69USD
1 Aug 2013
$0.03 (+0.12%)
$24.66
$24.97
$24.97
$24.61
60,668
30,163
$26.00
$13.15
Latest Key Developments (Source: Significant Developments)
SciQuest Inc Issues Q3 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance
SciQuest Inc announced that for the third quarter of 2013, it expects GAAP revenues to be between $21.2 million and $21.5 million, GAAP basic net loss per share to be between $0.03 and $0.04, Non-GAAP revenues to be between $22.0 million and $22.3 million and Non-GAAP diluted net income per share to be between $0.08 and $0.09. For fiscal 2013, the Company expects GAAP revenues to be between $84.9 million and $85.5 million, GAAP basic net loss per share to be between $0.11 and $0.13, Non-GAAP revenues to be between $87.6 million and $88.2 million and on-GAAP diluted net income per share to be between $0.33 and $0.35. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $23.4 million and EPS of ($0.02) for the third quarter of 2013; and revenue of $92.0 million and EPS of ($0.09) for fiscal 2013. Full Article
SciQuest Inc Announces Auditor Change-Form 8-K
SciQuest Inc reported in its Form 8-K that on June 21, 2013, SciQuest, Inc. (Company) dismissed Ernst & Young LLP (EY) as its independent registered public accounting firm. On June 25, 2013, the Company engaged Grant Thornton LLP (GT) as its independent registered public accounting firm for the fiscal year ending December 31, 2013. The Audit Committee of the Company’s Board of Directors approved both the dismissal of EY and the engagement of GT. Full Article
SciQuest Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Guidance
SciQuest Inc announced that for the second quarter of 2013, it expects GAAP revenues to be between $20.5 million and $21.0 million, GAAP basic net loss per share to be between $0.05 and $0.06, Non-GAAP revenues to be between $21.6 million and $22.1 million and Non-GAAP diluted net income per share to be between $0.08 and $0.09. For fiscal 2013, the Company expects GAAP revenues to be between $86.1 million and $90.1 million, GAAP basic net loss per share to be between $0.13 and $0.17, Non-GAAP revenues to be between $89.0 million and $93.0 million and Non-GAAP diluted net income per share (EPS) to be between $0.34 and $0.38. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $22.1 million and EPS of $0.08 for the second quarter of 2013; and revenue of $92.0 million and EPS of $0.37 for fiscal 2013. Full Article
State Of Ohio Selects SciQuest Inc To Automate Purchasing Processes
SciQuest Inc announced that the State of Ohio has selected SciQuest products to automate critical purchasing and accounts payable processes, increasing efficiency and enabling the sharing of contracts across a state-wide e-marketplace available to all cities, counties and K-12 schools. Ohio has access to SciQuest solutions through its contract with the National Association of State Purchasing Officials` Western States Contracting Alliance (WSCA), a multi-state purchasing consortium designed to increase collaboration between states and improve strategic purchasing. Full Article
SciQuest Inc Issues Q1, FY 2013 Guidance
SciQuest Inc announced that for the first quarter of 2013, it expects GAAP revenues to be between $19.8 million and $20.2 million, GAAP basic net loss per share to be between $0.06 and $0.07, Non-GAAP revenues to be between $20.7 million and $21.1 million and Non-GAAP diluted net income per share to be between $0.06 and $0.07. For fiscal 2013, the Company expects GAAP revenues to be between $86.1 million and $90.1 million, GAAP basic net loss per share to be between $0.13 and $0.17, Non-GAAP revenues to be between $89.0 million and $93.0 million and Non-GAAP diluted net income per share to be between $0.34 and $0.38. Full Article
The University Of Wisconsin-Madison Selects SciQuest Inc
SciQuest Inc announced that the University of Wisconsin-Madison (UW-Madison) has selected SciQuest to automate critical business functions and further streamline purchasing processes, gaining deeper insights into spending and increasing overall efficiencies. Full Article
SciQuest Inc Secures Contract
SciQuest Inc announced that The University of Montana has selected SciQuest`s Accounts Payable solution to further streamline its overall procure-to-pay processes while increasing efficiencies across the entire network. Full Article
SciQuest Inc Issues Q4, FY 2012 Guidance
SciQuest Inc announced that for the fourth quarter of 2012, it expects GAAP revenue to be between $19.3 million and $19.7 million and GAAP basic loss per share to be between $0.11 and $0.12. Non-GAAP revenue to be between $20.1 million and $20.5 million and Non-GAAP diluted earnings per share to be between $0.05 and $0.06, including approximately $0.01 of dilution from the Spend Radar acquisition. For fiscal 2012, it expects GAAP revenue to be between $66.1 million and $66.5 million and GAAP basic loss per share to be between $0.05 and $0.06. Non-GAAP revenue to be between $67.3 million and $67.7 million and Non-GAAP diluted earnings per share to be between $0.22 and $0.23. Full Article
SciQuest Inc Secures Contract
SciQuest Inc announced that Moffitt Cancer Center tuned to the Company to increase contract compliance and improve spend visibility with the SciQuest Spend Director eMarketplace solution. Full Article
SciQuest Inc Issues Q3 Guidance In Line With Analysts' Estimates; Raises FY 2012 Guidance
SciQuest Inc announced that for the third quarter of 2012 it expects non-GAAP revenue to be in the range of $17.4 million to $17.7 million, non-GAAP net income of $0.05 to $0.06 cents per share based on diluted weighted average shares outstanding of 22.8 million shares. Non-GAAP revenue excludes the purchase accounting impact on deferred revenue. Non-GAAP net income excludes the purchase accounting impact on deferred revenue, stock-based compensation expenses of approximately $1.3 million, amortization of acquired software and intangible assets and acquisition-related costs of approximately $0.5 million. For fiscal 2012 it expects non-GAAP revenue to be in the range of $66.5 million to $67.5 million. Non-GAAP net income per share is expected to be in the range of $0.22 to $0.24 based on diluted weighted average shares outstanding of 22.7 million shares. Non-GAAP revenue excludes the purchase accounting impact on deferred revenue. Non-GAAP net income excludes the purchase accounting impact on deferred revenue, stock-based compensation expenses of approximately $5.0 million, amortization of acquired software and intangible assets and acquisition-related costs of approximately $0.5 million. According to I/BE/S Estimates, analysts on an average are expecting the Company to report revenues of $17.7 million and EPS of $0.06 for the third quarter of 2012; revenues of $66.5 million and EPS of 0.24 for fiscal 2012. Full Article

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