Jive to announce Fourth Quarter and Full Year 2013 financial results on February 11
This press release went out overnight:
Jive Software, Inc. (Nasdaq:JIVE), a leader in social business, today announced that it will report financial results for its fourth quarter and full year ended December 31, 2013, after the U.S. markets close on Tuesday, February 11, 2014.
In conjunction with this announcement, Jive will host a conference call on Tuesday, February 11, 2014 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to review the company’s financial results for the fourth quarter and full year 2013, in addition to discussing the company’s outlook for the first quarter 2014. Jive’s earnings conference call can be accessed by dialing 1-866-454-4208 (domestic) or 1-913-312-4372 (international) with conference ID #2508011. A live webcast of the conference call will be accessible from the investor relations section of Jive’s website at http://investors.jivesoftware.com/ and a replay will be archived and accessible at: http://investors.jivesoftware.com/events.cfm. A replay of this conference call can also be accessed through February 18, 2014, by dialing 1-877-870-5176 (domestic) or 1-858-384-5517 (international). The replay passcode is 2508011.
It should be an interesting set of results.
This time last year, Jive announced that it had lost $15.6 million for the 4Q12 quarter and a net loss of $47.4 million for 2012 based on revenue of $113 million.
A year earlier it lost $12.7 million in 4Q11 and reported a net loss of $50.8 million for 2011 on revenues of $77 million.
So what do we expect for 2013? Jive themselves have forecast an adjusted loss of $33 million to $37 million for 2013. It predicted 2013 revenue of $148 million to $153 million. Analysts expect a loss of 27 cents per share on revenue of $151.9 million.
My hope is that with the public IPO behind the company, continued strong leadership and ongoing development and improvement in the social business platform, that the results will show a strong uptick on previous years. If the magic figure of $150 million revenue is hit, that will be a 33% increase on 2012 which would be very creditable, particularly if losses are kept to less than 25% of revenue.
One important note is that Jive Software’s performance is detailed in very stark financial terms in a way that many of it’s Social Business closest competitors is not – their numbers being rolled into much larger business units e.g. IBM (Connections), Microsoft (Sharepoint, Yammer etc), Cisco (WebEx Social) etc. It would be fascinating to actually have their figures at hand for a true like-to-like comparison. My suspicion is that even though Social Business revenue are rising fast, sales cycles are still overly long, and cost of development and sales is very high.
I’l make sure to blog the results as they come…
Update: An earlier version of this story incorrectly stated that the results would be released on January 14. This has been corrected above.