FireEye Reports Fiscal 2013 Earnings

FireEye went public in September of 2013 and was listed as one of eSecurity Planet’s 13 Hot Security Startups to Watch in November of 2013.

For the fourth quarter of 2013, FireEye’s revenue came in at $57.3 million, an 81 percent year-over-year gain. The company reported a net loss of $2.5 million for the quarter, a significant improvement over the $12.6 million net loss reported in 2012’s fourth quarter.

For the full fiscal 2013 year, FireEye reported revenue of $161.6 million, a 94 percent year-over-year increase. That revenue wasn’t enough to bring in a profit as the company reported a net loss for the year of $120.6 million, which is a steep increase from the loss of $35.8 million reported in 2012.

Looking forward, FireEye provided first quarter fiscal 2014 guidance for total revenue in the range of $70 million to $72 million. Sales and marketing expenses as a percentage of revenues for the first quarter are expected to range from 92 to 95 percent. For the full fiscal 2014, FireEye provided guidance for revenue in the range of $400 million to $410 million. Sales and marketing costs as a percent of full year revenue is expected to come in the range of 82 to 85 percent.

Read the full story at eSecurityPlanet:
FireEye Still Operating at a Loss, Despite Revenue Growth

Sean Michael Kerner is a senior editor at Follow him on Twitter @TechJournalist.

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