Following a halt, Velti (VELT) -25.1% AH in response to its Q4 miss. Q1 guidance is for revenue...

|By:, SA News Editor

Following a halt, Velti (VELT) -25.1% AH in response to its Q4 miss. Q1 guidance is for revenue of $40M-$44M, well below a $62.7M consensus. 2013 guidance is for revenue of $255M-$280M, below a $339.5M consensus. 2013 free cash flow is pegged at $5M-$15M. Velti's decision to divest assets in areas with huge collection times is once more a culprit. The company is targeting 25%-35% annual growth from 2014-2016, but the Street is likely to be skeptical. Sales/marketing expenses +54% Y/Y in Q4, and R&D +69%, both well above rev. growth of 12%. (PR)