- Coupons.com (COUP) has taken an after-hours turn, dropping 3.6% in late trade, after missing EPS estimates in Q1 and guiding lower for its Q2 revenues.
- The company had lowered next-quarter expectations in its last report as well.
- "We continue to bring new retailers on our Retailer iQ platform at a brisk pace," says CEO Steven Boal, noting they're on track to launch a retailer banner every three weeks through Q3's end.
- More than 70% of Retailer iQ platform usage on mobile devices, and mobile users are engaging 40% more frequently than desktop users.
- Cash used from operations of $852K (includes annual bonuses and sales commissions) vs. a year-ago gain from operations of $853K.
- The company now sees revenues for Q2 of $54M-$56M vs. consensus of $62.1M, and guides to full-year revenue of $270M-$280M, in line.
- Shares dropped nearly 30% in February after missing on revenue for its Q4. They're down 38.1% YTD.
- Press Release