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Appian issues Q1, FY'18 outlook

Appian Corp. issued guidance for the first quarter and full year 2018.

For the first quarter, the company expects subscription revenue of $24.4 million to $24.6 million, total revenue of $46.0 million to $46.2 million, and non-GAAP operating loss of between $10.5 million and $10.9 million. Non-GAAP net loss is estimated to be 17 cents per share to 18 cents per share, assuming 60.6 million weighted average common shares outstanding.

For full year 2018, Appian expects subscription revenue of $106.5 million to $107.5 million, total revenue of $198.1 million to $201.1 million, and non-GAAP operating loss of $37.9 million to $39.9 million. Non-GAAP net loss per share is projected to be between 53 cents and 54 cents, assuming 61.1 million non-GAAP weighted average common shares outstanding.

The S&P Capital IQ consensus normalized EPS estimate for 2018 calls for a loss of 62 cents.

For the fourth quarter of 2017, the company reported a net loss attributable to common stockholders of $7.0 million, or 11 cents per share, compared to $5.0 million, or 13 cents per share, in the year-ago period. Non-GAAP net loss for the fourth quarter of 2017 was $4.8 million, or 8 cents per share, compared to $4.2 million, or 8 cents per share, in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate for the most recent quarter called for a loss of 16 cents.

For full year 2017, Appian reported a net loss attributable to common stockholders of $31.4 million, or 63 cents per share, compared to $13.3 million, or 39 cents per share, in 2016. Non-GAAP net loss for 2017 was $17.3 million, or 30 cents per share, compared to $12.3 million, or 23 cents per share, in 2016.

The S&P Capital IQ consensus normalized EPS estimate for 2017 called for a loss of 39 cents.