Coupa Software Shares Up 4%

Shares of Coupa Software Inc. (COUP) are currently trading at $63.76, up $2.92 or 4.79%, with trading volume of over 497K versus an average volume of 2.11 million shares.

Earlier this month, the company reported Q1 GAAP net loss of $81.5 million or $1.08 per share compared to $100.4 million or $1.38 per share last year. Non-GAAP net income was $5.5 million or $0.08 per share versus $5.0 million or $0.07 per share in the prior year period. Total revenues were $196.4 million, an increase of 18% compared to the same period of last year.

Q2 Guidance

Expects Q2 non-GAAP EPS to be $0.07 - $0.10. Consensus - $0.09 per share.
Sees Q2 total revenues between $202.0 million and $205.0 million. Consensus - $204.13 million.

FY23 Outlook

Projects FY non-GAAP EPS to be $0.21 - $0.27. Consensus - $0.26 per share.
Expects FY total revenues to be $838.0 million - $843.0 million. Consensus - $841.67 million.

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