ForgeRock: Q2 Earnings Snapshot
SAN FRANCISCO (AP) _ ForgeRock Inc. (FORG) on Thursday reported a loss of $22.4 million in its second quarter.
The San Francisco-based company said it had a loss of 26 cents per share. Losses, adjusted for non-recurring costs, came to 17 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The digital identity and access management services provider posted revenue of $47.7 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $47.2 million.
For the current quarter ending in October, ForgeRock expects its results to range from a loss of 17 cents per share to a loss of 13 cents per share.
The company said it expects revenue in the range of $49 million to $52 million for the fiscal third quarter.
ForgeRock expects full-year revenue in the range of $206 million to $212 million.