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Imprivata revises '16 outlook

Imprivata Inc.updated its 2016 adjustedEBITDA loss estimate to a new range of $8.9 million to $10.5 million from the earlierrange of $10.3 million to $11.6 million.

For the full year, the company now expects its GAAP loss pershare to range between 78 cents and 84 cents, compared to the prior range of 81cents to 86 cents. The company's revised estimate for non-GAAP loss per share isin the range of 49 cents to 55 cents, compared to the previous estimate of 58 centsto 63 cents.

The S&P Capital IQ consensus normalized EPS estimate forthe full year is a loss of 52 cents.

Revenue expectations for the full year remain between $136 millionand $140 million.

For the second quarter, the company anticipates revenue of $32.5million to $34 million and adjusted EBITDA loss of $3.9 million to $4.8 million.The company expects to report a GAAP loss per share of 26 cents to 30 cents, whileits non-GAAP loss per share should be between 19 cents and 23 cents.

The S&P Capital IQ consensus normalized EPS estimate forthe second quarter is a loss of 19 cents.