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KEYW Holding -6.4% on light revenue guidance

  • In an SEC filing, KEYW Holding guides for 2014 revenue of $289.4M, and 2015 revenue of $329.3M. Those figures are below consensus forecasts of $299.3M and $369.6M.
  • 2016 and 2017 revenue guidance (harder to accurately provide) is respectively at $376.7M and $440.1M. EBITDA margin is expected to grow from 7.2% in 2014 to 10% in 2015, 14% in 2016, and 19% in 2017.
  • KEYW's Hexis/Commercial unit (covers the HawkEye G platform) is expected to see sales jump to $40M in 2015 from $18.1M in 2014. Government Solutions revenue is only expected to rise to $289.3M from $271.3M. KEYW forecasts the Hexis unit will reach breakeven EBITDA in 2016.
  • KEYW tumbled on Friday after providing a soft Q3 outlook.
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Comments (1)
  • ikarus
    , contributor
    Comments (387) | Send Message
     
    LOOOL the same Cyber products that actually declined YOY in the most recent quarter? Revenue went from "very little" to "even less"

     

    Come on KEYW, stop lying to people. 2017 guidance? Really? When has any credible company really given 3 year guidance? Pfffft. KEYW hasn't been able to keep on schedule for its cyber products on a quarter-to-quarter basis, this company has no hope of accurately forecasting 3 years out.

     

    EBITDA margin is expected to decline in 2015 as the planes contract rolls off and cyber doesn't grow.

     

    SHORT FOR DAYZZZ... stock to $3-4
    4 Aug, 02:48 PM Reply Like
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