- Ellie Mae's (NYSE:ELLI +17.6%) big Q4 beat is accompanied by guidance for 2016 revenue of $317M-$321M and EPS of $1.79-$1.86, above a consensus of $306.6M and $1.72. Reported 2015 revenue and EPS was respectively $253.9M and $1.69.
- Q1 guidance is in-line: Revenue of $67.5M-$68.5M and EPS of $0.29-$0.31 vs. a consensus of $68M and $0.31.
- Active users of Ellie Mae's Encompass mortgage origination software rose 25% Y/Y in Q4 to 136,167, with SaaS Encompass active users rising 43% to 121,406. Revenue per average active Encompass user rose 10% to $475.
- GAAP operating expenses rose 30% Y/Y to $36.4M (compares with 39% revenue growth). Ellie Mae ended 2015 with $85M in cash and no debt.
- CEO Jonathan Corr: "We have built a powerful all-in-one mortgage management platform and network that provides one system of record for lenders to originate and fund mortgages, is deeply integrated with a broad array of vendors, investors and agencies, and allows lenders to achieve loan quality, regulatory compliance and operating efficiency." He declares his company's 2016 new business pipeline to remain "very robust."
- Ellie Mae's Q4 results, earnings release