QAD misses revenue estimates but shrinks net loss

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QAD misses revenue estimates but shrinks net loss

By Staff Report / Monday, June 1st, 2020 / Comments Off on QAD misses revenue estimates but shrinks net loss

First quarter revenue dipped at Summerland software producer QAD but net losses slimmed as it continued its transition from licensing revenue to recurring subscriptions. Revenue of $74.1 million missed analyst estimates, but net loss shrank year-over year from $3.2 million in the previous first quarter to $410,000 for the quarter ended April 30, in line…

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