Market Updates
Bill.com Quarterly Revenues and Loss Surge
Scott Peters
19 Aug, 2022
New York City
Bill.com Holdings Inc rose 13% to $168.80 after the back-office software provider reported better-than-expected quarterly results.
Revenues in the quarter ending in June soared 156% to $200.2 million, ahead of the company's guidance between $182.3 million and $183.3 million.
Net loss in the quarter surged to $84.9 million or $0.81 a share, basic and diluted, compared to net loss of $41.9 million or $0.48 per share,
The company forecasted fiscal 2023 first quarter revenues to fall between $208 million and $211 million, an increase between 76% and 78% from a year ago.
Bill.com forecasted fiscal 2023 revenues in the range between $955.5 million and $973.5 million, representing an increase between 49% and 52%.
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