Box reported quarterly results on Wednesday that beat analyst expectations, and revenue that was above estimates. But the company's guidance for the first quarter was lighter than Wall Street's forecasts.
- EPS: loss of 10 cents per share vs. loss of 14 cents per share, adjusted, expected by Thomson Reuters consensus estimate
- Revenue: $109.9 million vs. $108.9 million expected by Thomson Reuters
That's compared to the comparable year-ago loss of 26 cents per share. Revenue was up 29 percent year-over-year from $85.0 million.
- Q1 EPS guidance: Loss of 14 cents to 15 cents vs. loss of 12 cents per share, adjusted, expected by Thomson Reuters
- Q1 revenue guidance: Range of $114 million to $115 million vs. $115.1 million expected by Thomson Reuters
Still, the company hit a major goal: It generated positive free cash flow for the first time in the fourth quarter.
"We don't need to raise any more capital in the market — we are self-sufficient," CEO Aaron Levie told CNBC. "We got here through growth of the business."
Shares were down slightly after hours.
The enterprise cloud technology company has seen shares rise more than 50 percent over the past year, as it expanded in Europe, added more collaboration tools, and ramped up in industries like finance, government and science. The company has integrations with tech heavyweights like Google, Mircosoft and IBM, and 71,000 business customers ranging from AstraZeneca to Southwest Airlines.