trending Market Intelligence /marketintelligence/en/news-insights/trending/iyBaulRYi01a1DC48rPGAQ2 content esgSubNav
In This List

Aerohive Networks Q1 loss narrows YOY

Blog

Broadcast deal market recap, Q2'22

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Blog

Japan M&A By the Numbers: Q1 2022


Aerohive Networks Q1 loss narrows YOY

Aerohive Networks Inc. said its first-quarter normalized net income was a loss of 16 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 16 cents per share.

The per-share loss narrowed 25.6% year over year from 21 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $7.7 million, compared with a loss of $9.8 million in the prior-year period.

The normalized profit margin climbed to negative 19.3% from negative 37.9% in the year-earlier period.

Total revenue climbed 55.4% on an annual basis to $40.1 million from $25.8 million, and total operating expenses grew 28.4% year over year to $52.5 million from $40.9 million.

Reported net income came to a loss of $12.5 million, or a loss of 25 cents per share, compared to a loss of $15.8 million, or a loss of 34 cents per share, in the year-earlier period.