Shares of Bill Holdings Inc. slipped more than 2% in after-hours trading Thursday after the company reported its latest financials. Despite beating expectations, the company’s revenue forecast for the current period fell short.
Strong Financial Performance and Loss Reduction
Bill Holdings Inc. reported a fiscal fourth-quarter net loss of $15.9 million, or 15 cents a share. This is a significant improvement compared to the loss of $84.9 million, or 81 cents a share, in the year-earlier period. On an adjusted basis, Bill earned 59 cents a share, exceeding the projected 41 cents a share by analysts.
Revenue Growth Exceeds Expectations
The company’s revenue rose to $296 million from $200 million in the previous quarter. However, the FactSet consensus was for $282 million, marking a slight disparity.
CEO’s Positive Statement
“We are pleased with our financial performance, which highlights the strength of our durable business model and our dedication to achieving growth and non-GAAP profitability,” said Chief Financial Officer John Rettig.
Forecast for the Fiscal First Quarter
Bill expects adjusted earnings per share of 48 to 50 cents for the fiscal first quarter. The revenue forecast ranges from $295.5 million to $298.5 million. While this earnings forecast beats the FactSet consensus of 40 cents a share, the revenue outlook falls behind expectations of $300 million.
For the fiscal year, Bill models adjusted earnings of $1.82 to $1.87 per share, with revenue projected at $1.289 billion to $1.307 billion. The FactSet consensus for adjusted EPS was $1.81, with revenue expected to reach $1.308 billion.
Overall, Bill Holdings Inc.’s strong financial performance and positive outlook demonstrate the company’s commitment to growth and financial stability.