Varonis: Q1 Earnings Snapshot
By AP News
Published - May 01, 2023, 04:36 PM ET
Last Updated - Jun 22, 2023, 12:22 AM EDT
NEW YORK (AP) — NEW YORK (AP) — Varonis Systems Inc. (VRNS) on Monday reported a loss of $38.3 million in its first quarter.
The New York-based company said it had a loss of 35 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to less than 1 cent on a per-share basis.
The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The data-management software company posted revenue of $107.3 million in the period, which met Street forecasts.
