The KEYW Holding Corporation (NASDAQ:KEYW) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
The KEYW Holding Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.06 in the quarter versus EPS of $0.01 in the year-earlier quarter.
Revenue: Rose 39.66% to $77.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The KEYW Holding Corporation reported adjusted EPS loss of $0.06 per share. By that measure, the company missed the mean analyst estimate of $-0.04. It beat the average revenue estimate of $77.51 million.
Quoting Management: “KEYW is off to a strong start in 2013 despite the uncertainties presented by the current government budget turmoil. We continue to invest in accelerating our commercial product efforts which, as noted below, also contributed to higher operating expenses,” commented Leonard Moodispaw, CEO and President of KEYW. “Year to date, we have added 23 new hires to our commercial business and we now have 65 full-time staff members, including Chris Fedde, the former CEO of SafeNet, Inc. who will provide valuable guidance to both our government and commercial products businesses (see our press release also dated April 30, 2013 for additional details). ‘Project G’ is being installed in customer networks in Q2 2013; we are pleased to be bringing this transformational capability to market.”
Key Stats (on next page)…