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Coupa Software fiscal Q3 loss widens 93.3% YOY

Coupa Software Inc. said its normalized net income for the fiscal third quarter ended Oct. 31, 2015, came to a loss of $1.26 per share, compared with a loss of $1.03 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $5.7 million, compared with a loss of $2.9 million in the prior-year period.

The normalized profit margin fell to negative 25.0% from negative 20.8% in the year-earlier period.

Total revenue climbed 60.8% on an annual basis to $22.8 million from $14.2 million, and total operating expenses increased 69.6% on an annual basis to $31.8 million from $18.8 million.

Reported net income came to a loss of $9.5 million, or a loss of $2.10 per share, compared to a loss of $5.1 million, or a loss of $1.79 per share, in the year-earlier period.