Category: Tech IPO

Diversified Tech, Tech IPO

Blount Conference Call Clarifies a Few Issues; 2014 Now Looks Like a Transition Year

On Monday, February 10, Blount issued a broad press release lowering its 2013 guidance and offering 2014 guidance that was below the Street expectations. Management held a conference call Tuesday afternoon to explain the results and outlook. Other corporate information was offered as well, including new 2018 targets and an update on the company’s long-term supply agreement with Husqvarna (extended from 2015 to 2017). Blount … Continue reading Blount Conference Call Clarifies a Few Issues; 2014 Now Looks Like a Transition Year

Mark Doerr
Diversified Tech, news, Tech IPO

InterActiveCorp Set to Report Q4 Earnings

InterActiveCorp is set to report 4Q13 results tomorrow before the market opens. Shares have risen steadily following soft 3Q Search results as a company-wide reorganization in December sparked expectations of a pending Match.com spin-off. We do not currently anticipate a spin announcement tomorrow, the absence of which could drive shares lower despite extremely low fundamental expectations, particularly regarding Search. However, even using conservative assumptions with … Continue reading InterActiveCorp Set to Report Q4 Earnings

John Meady
Software, Tech IPO

TechTarget Has Muted Outlook but Strong Forecasts for 2014

TechTarget (TTGT) reported essentially in-line 3Q13 results as revenue growth in product offerings and international were able partially offset ongoing weakness in the North American IT Market. Total revenue fell 10% year over year, and while 4Q revenue guidance of a 7% year over year decline at the mid-point calls for minimal improvement, management cited a return to double-digit growth in Online revenue for 2014 … Continue reading TechTarget Has Muted Outlook but Strong Forecasts for 2014

Colin Pettis
Services Sector, Software, Tech IPO

InterActiveCorp Set to Report After the Bell

InterActiveCorp is set to report 3Q13 results today after the close. While we believe it is generally understood that 3Q is expected to be a trough for the affiliate search market, reflecting the timing of implementation of certain Google policy changes, soft CPC results and limited Network revenue growth could indicate incremental pressure on IAC’s 3Q Search results. As an offset, however, Match growth is … Continue reading InterActiveCorp Set to Report After the Bell

Chris Lewis
Semiconductors, Tech IPO

GSE Systems, Inc. Reports a Respectable Q3 in a Tough Environment

Last night, GSE Systems, Inc. (GVP) reported a good quarter, delivering contract revenue upside, in line GAAP EPS and relatively stable backlog in its 3Q13 earnings report. Despite posting a respectable performance, the company is still feeling the impact from stalled nuclear and non-nuclear simulator projects in the US, and from cancelled and delayed nuclear projects in Japan and Germany. We’re reiterating our Speculative Hold … Continue reading GSE Systems, Inc. Reports a Respectable Q3 in a Tough Environment

Kristen Barton
Software, Tech IPO

Geeknet Posts 30% Revenue Growth in Third Quarter

Geeknet reported strong 3Q13 revenue growth of 30% to $22.4 million vs. the 22% Street estimate, reflecting a significant quarter over quarter increase in new product launches and increased penetration in the wholesale channel. Adjusted EBITDA of a loss of $831,000 also exceeded our forecast, highlighting what we believe are sustainable margin improvements over the longer term, spearheaded by strong hires at the beginning of … Continue reading Geeknet Posts 30% Revenue Growth in Third Quarter

Colin Pettis