WorkivaInc. revised its guidance for full year 2016, now expecting total revenueof $179.2 million to $181.2 million.
Non-GAAP loss from operations is anticipated to be $45.5million to $47.5 million, and non-GAAP net loss per share is expected to be$1.13 to $1.18. GAAP loss from operations is estimated to be $60.2 million to$62.2 million, and GAAP net loss per share is anticipated to be between $1.49and $1.54, according to a May 4 news release.
Previously, the company expected full-year 2016 totalrevenue of $177.0 million to $180.0 million, a non-GAAP loss from operations of$46.0 million to $49.0 million, a non-GAAP net loss per share of $1.16 to$1.23, a GAAP loss from operations of $60.8 million to $63.8 million, and aGAAP net loss per share of $1.52 to $1.59.
For the second quarter, Workiva anticipates total revenue of$41.7 million to $42.2 million, a non-GAAP loss from operations of $13.5million to $14.0 million, a non-GAAP net loss per share of 34 cents to 35cents, a GAAP loss from operations of $17.2 million to $17.7 million, and aGAAP net loss per share of 43 cents to 44 cents.
The company reported a first-quarter GAAP net loss of $12.0million, or 30 cents per share, compared with a net loss of $7.4 million, or 19cents per share, in the prior-year quarter. The non-GAAP net loss for theperiod was $8.7 million, or 21 cents per share, compared with a non-GAAP netloss of $5.3 million, or 13 cents per share, a year ago.
The S&P Capital IQ consensus normalized estimate for thequarter was a per-share loss of 27 cents.