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Home›Amortization›NCino: overview of results for the first quarter of the financial year

NCino: overview of results for the first quarter of the financial year

By Trishia Swift
June 2, 2022
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WILMINGTON, North Carolina

NCino, Inc. (NCNO) on Wednesday announced a loss of $30.7 million in its first fiscal quarter.

On a per-share basis, the Wilmington, North Carolina-based company said it incurred a loss of 28 cents. Losses, adjusted for stock option charges and amortization costs, were 6 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts polled by Zacks Investment Research was for a loss of 8 cents per share.

The company posted revenue of $94.2 million during the period, which also beat Street’s forecast. Six analysts polled by Zacks expected $91.2 million.

For the current quarter ending August, nCino expects results to range from a loss of 9 cents per share to a loss of 8 cents per share.

The company said it expects revenue in the range of $97 million to $98 million for the fiscal second quarter.

NCino expects full-year results to range from a loss of 30 cents per share to a loss of 28 cents per share, with revenue ranging from $401 million to $403 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCNO at https://www.zacks.com/ap/NCNO

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