Benefitfocus Inc. has provided guidance for the first quarter and full year of 2018.
The company expects total revenue to be between $57.5 million and $59.5 million for the first quarter and the non-GAAP net loss to be $13.0 million to $11.0 million, or a loss of 42 cents to 35 cents per share, for the quarter.
The S&P Capital IQ consensus normalized EPS estimate for the quarter is a loss of 39 cents.
For the full year of 2018, Benefitfocus projects total revenue of $250.0 million to $258.0 million and a non-GAAP net loss of $25.0 million to $17.0 million, or a loss of 79 cents to 54 cents per share.
The S&P Capital IQ consensus normalized EPS estimate for 2018 is a loss of 65 cents.
Benefitfocus also reported a fourth-quarter 2017 net loss of $7.0 million, or a loss of 22 cents per common share, compared with a net loss of $7.1 million, or a loss of 24 cents per common share, in the prior-year period.
Non-GAAP net loss for the quarter came in at $1.9 million, or a loss of 6 cents per share, which was up from a net loss of $2.6 million, or a loss of 9 cents per share, a year earlier.
The S&P Capital IQ consensus normalized EPS estimate for the fourth quarter of 2017 called for a loss of 6 cents per share.
For the full year of 2017, the company reported a net loss of $25.9 million, or a loss of 83 cents per share, which was up from a net loss of $40.1 million, or a loss of $1.35 per share, in 2016.
Non-GAAP net loss for 2017 came in at $8.4 million, or a loss of 27 cents per share, compared with a net loss of $21.7 million, or a loss of 73 cents per share, in the prior year.
The S&P Capital IQ consensus normalized EPS estimate for 2017 was a loss of 27 cents.
