Vocus' Q1 Revenue, Operating Losses Increase
Vocus’ Q1 earnings announcement shows a 29 percent year-over-year increase in GAAP revenue to $34.9 million. Non-GAAP revenue was up 31 percent to $35.5 million. GAAP operations losses totaled $10.4 million versus $3.1 million in 2011. Non-GAAP operations income was $854,000 versus $2.3 million in 2011.
In February 2012, Vocus acquired iContact for $169 million, which sent the company’s stock price lower, down from about $22 to $14. The stock price closed today at $13.25.
“The first quarter went extremely well for us as we did better than expected on revenue and earnings and achieved some major operational milestones,” said CEO and president Rick Rudman in a statement.
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