LONDON (dpa-AFX) - Kofax Ltd.(KFX, KFX.L) posted first-quarter net loss of $2.4 million or $0.03 per share, compared to net income of $2.7 million or $0.03 per share in the comparable quarter last year.
Adjusted net income declined to $1.8 million or $0.02 per share from $4.1 million or $0.04 per share in the prior year period.
Adjusted earnings before interest, taxes, depreciation and amortization or EBITDA decreased 47.8% to $4.3 million from $8.3 million in the year-ago period.
Total revenue for the latest first quarter rose 4.4% to $68.47 million from $65.58 million in the prior year period, while adjusted revenue was $69.25 million, up 2.3% from $67.72 million last year.
Analysts polled by Thomson Reuters expected earnings of $0.02 per share and revenues of $69.68 million.
For the fiscal year 2015, the company continues to expect revenue of $314 million to $328 million and adjusted revenue of $317 million to $331 million. Street expects the company to report revenue of $324.83 million for the year.
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