Benzinga | Dec 7, 2020 04:05PM EST

Coupa Software Sees Q4 Adj. EPS $(0.13)-$(0.11) vs $0.01 Est., Sales $145M-$146M vs $129.94M Est.; Sees FY21 Adj. EPS $0.47-$0.49 vs $0.45 Est., Sales $523M-$524M vs $500.5M Est.

Business Outlook:

The following forward-looking statements reflect Coupa's expectations as of December 7, 2020, and include the expected impact from the LLamasoft acquisition.

Fourth quarter of fiscal 2021:

* Total revenues are expected to be $145.0 to $146.0 million.

* Subscription revenues are expected to be $124.5 to $125.5 million.

* Professional services and other revenues are expected to be approximately $20.5 million.

* Non-GAAP loss from operations is expected to be $6.0 to $8.0 million.

* Non-GAAP net loss per basic and diluted share is expected to be $0.11 to $0.13 per share.

* Basic and diluted weighted average share count is expected to be approximately 72.0 million shares.

Full year fiscal 2021:

* Total revenues are expected to be $523.0 to $524.0 million.

* Non-GAAP income from operations is expected to be $34.0 to $36.0 million.

* Non-GAAP net income per diluted share is expected to be $0.47 to $0.49 per share.

* Diluted weighted average share count is expected to be approximately 72.5 million shares.