Last $15.09 USD
Change Today -1.84 / -10.87%
Volume 373.0K
As of 1:42 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

sciquest inc (SQI) Snapshot

Open
$16.52
Previous Close
$16.93
Day High
$16.52
Day Low
$14.85
52 Week High
03/18/14 - $32.69
52 Week Low
10/23/14 - $13.31
Market Cap
415.1M
Average Volume 10 Days
184.9K
EPS TTM
$-0.02
Shares Outstanding
27.5M
EX-Date
--
P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for SCIQUEST INC (SQI)

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sciquest inc (SQI) Details

SciQuest, Inc. provides cloud-based business automation solutions for spend management worldwide. The company offers procurement solutions that automate the source-to-settle process; spend analysis solutions, which cleanse and classify spend data to drive and measure cost savings; and supplier management solutions that integrate the customers with their suppliers. It also provides contract lifecycle management solutions, which automate the contract lifecycle from contract creation through maintenance; and accounts payable solutions that automate the invoice processing and vendor payment processes. The company’s solutions are designed to meet customer needs to reduce costs, simplify and improve visibility into key business processes, further strategic initiatives, enhance control over spending decisions, and improve compliance and risk management. It helps organizations identify and capitalize on opportunities to reduce costs by gaining control over suppliers, contracts, purchases, and payments. The company’s SciQuest Supplier Network acts as a Software-as-a-Service (SaaS) communications hub that could connect its customers and their suppliers in a hub-and-spoke configuration. SciQuest, Inc. delivers its solutions over the Internet using a SaaS model. The company serves higher education, life sciences, healthcare, and state and local government customers through direct sales force. SciQuest, Inc. is headquartered in Cary, North Carolina.

550 Employees
Last Reported Date: 08/8/14

sciquest inc (SQI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $708.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $436.4K
General Counsel
Total Annual Compensation: $407.5K
Vice President of Customer Operations
Total Annual Compensation: $273.8K
Senior Vice President of Sales
Total Annual Compensation: $230.7K
Compensation as of Fiscal Year 2013.

sciquest inc (SQI) Key Developments

SciQuest, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2014

SciQuest, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $25.670 million compared to $22.513 million in the third quarter of 2013. Loss from operations was $0.681 million compared to $1.776 million a year ago. Loss before income taxes was $0.594 million compared to $1.779 million a year ago. Net loss was $0.430 million or $0.02 per basic and diluted share compared to $2.382 million or $0.10 per basic and diluted share a year ago. Non-GAAP revenues were $25.856 million compared to $23.463 million in the third quarter of 2013. Non-GAAP income from operations was $3.227 million compared to $3.625 million a year ago. Non-GAAP net income was $2.024 million or $0.07 per basic and diluted share compared to $2.212 million or $0.09 per diluted share a year ago. Net cash provided by operating activities was $12.013 million compared to $6.393 million a year ago. Capitalization of software development costs were $1.479 million compared to $0.946 million a year ago. Purchase of property and equipment was $1.745 million compared to $0.175 million a year ago. Free cash flow was $8.789 million compared to $5.272 million a year ago. Adjusted free cash flow was $8.221 million compared to $5.328 million a year ago. For the nine months, the company reported revenues of $76.364 million compared to $64.383 million a year ago. Loss from operations was $0.892 million compared to $4.139 million a year ago. Loss before income taxes was $0.758 million compared to $4.147 million a year ago. Net loss was $0.437 million or $0.02 per basic and diluted share compared to $3.514 million or $0.15 per basic and diluted share a year ago. Net cash provided by operating activities was $8.908 million compared to $9.329 million a year ago. Addition of capitalized software development costs was $4.231 million compared to $2.942 million a year ago. Purchase of property and equipment was $3.304 million compared to $1.841 million a year ago. Non-GAAP revenues were $77.675 million compared to $66.818 million a year ago. Non-GAAP income from operations was $9.874 million compared to $10.026 million a year ago. Non-GAAP net income was $6.112 million or $0.23 per basic and diluted share compared to $6.118 million or $0.26 per diluted share a year ago. Capitalization of software development costs were $4.231 million compared to $2.942 million a year ago. Free cash flow was $1.373 million compared to $4.546 million a year ago. Adjusted free cash flow was $4.405 million compared to $7.002 million a year ago. For the fourth quarter ending December 31, 2014, the company expects GAAP revenues to be in the range of $25.2 million to $25.6 million. Non-GAAP revenues are expected to be between $25.3 million to $25.7 million. GAAP basic net loss per share is expected to be between $0.01 to $0.00. Non-GAAP diluted net income per share is expected to in the range of $0.06 to $0.07. For the year ending December 31, 2014, the company expects GAAP revenues to be in the range of $101.600 million to $102 million. Non-GAAP revenues are expected to be between $103 million to $103.4 million. GAAP basic net loss per share is expected in the range of $0.02 to $0.01. Non-GAAP diluted net income per share is expected to be between $0.29 to $0.30. Net cash provided by operating activities expected to be between $16.500 million to $18.5 million. Purchase of property and equipment of approximately $4.3 million, capitalization of software development costs of approximately $5.2 million and acquisition related cash costs of approximately $3.6 million. Adjusted free cash flow is expected to be between $10.0 million and $12 million.

SciQuest, Inc. to Report Q3, 2014 Results on Oct 30, 2014

SciQuest, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 30, 2014

SciQuest, Inc., Q3 2014 Earnings Call, Oct 30, 2014

SciQuest, Inc., Q3 2014 Earnings Call, Oct 30, 2014

 

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