Benzinga | Mar 9, 2021 04:12PM EST

Qualtrics Q4 Adj. EPS $(0.02), Up From $(0.05) YoY, Sales $213.6M, Up 24% YoY

Fourth Quarter 2020 Financial Highlights:

* Revenue: Total revenues for the fourth quarter were $213.6 million, up 24% year-over-year. Subscription revenues for the fourth quarter were $160.4 million, up from $120.5 million one year ago, an increase of 33% year-over-year.

* Operating Loss and Margin: Fourth quarter operating loss was $11.0 million, compared to $145.0 million one year ago. Non-GAAP operating loss (see discussion of non-GAAP operating loss and margin measures below) was $4.7 million, compared to $18.5 million one year ago. For the fourth quarter, GAAP operating margin was (5)% and non-GAAP operating margin was (2)%.

* Net Loss and Net Loss Per Share: Fourth quarter net loss was $14.5 million, or $(0.03) per share, compared to $147.3 million, or $(0.35) per share in the fourth quarter of fiscal year 2019. Non-GAAP net loss (see discussion of non-GAAP net loss measure below) for the fourth quarter was $8.1 million, or $(0.02) per share, compared to $20.3 million, or $(0.05) per share in the fourth quarter of fiscal year 2019.

* Cash and Cash Equivalents: Total cash and cash equivalents as of December 31, 2020 was $203.9 million