Earnings roundup: Marin Software, Fusion-io, SGI all mixed up on results

Earnings season for the tech industry continues to wind down, but there are a few more notable reports this week.

However, things got messy with misses all around on the balance sheets.

Starting with Marin Software, the web-based digital marketing management provider reported a second quarter net loss of $9.1 million, or 28 cents per share (statement).

The non-GAAP net loss was slightly better than predicted at 26 cents per share on a revenue of $18.2 million, up 30 percent year-over-year.

Wall Street was projecting a loss of 31 cents per share on a revenue of $17.86 million.

CEO and founder Chris Lien reflected on the quarter in prepared remarks:

Marin showed strong revenue growth in the second quarter as more advertisers and agencies adopted our cloud-based Revenue Acquisition Management platform to measure, manage, and optimize their digital advertising investments across search, display, social, and mobile channels. Leading digital marketers globally choose Marin’s solution to drive better revenue and business outcomes, while saving time and unlocking business insights.

For the third quarter, Wall Street is expecting revenue of at least $19.50 million with a non-GAAP loss of 27 cents per share.

Marin Software offered a range of $19.6 million to $20 million at the end of Q3 with a non-GAAP net loss between 28 and 26 cents per share.

For 2013, Marin is still predicting revenue to fall between $76 million and $76.8 million with a net loss between $1.15 and $1.12 per share.

==========

Fusion-io reported a fiscal fourth quarter net loss of $23.8 million, or 24 cents per share (statement). The non-GAAP net loss rang up to three per share on a revenue of $106.1 million, up 21 percent sequentially and flat annually.

Wall Street was expecting a loss of three cents per share on a revenue of $110.18 million.

For fiscal 2013, Fusion-io posted revenue of $432.4 million with non-GAAP earnings of 21 cents per share.

Amid earnings season in May, Fusion-io co-founder and CEO David Flynn resigned, along with then-chief marketing officer Rick White. Flynn was replaced by Shane Robison, former CTO of Hewlett-Packard.

Thus, Robison commented about his first quarter in the top job in prepared remarks:

Fusion-io pioneered the all flash data center architecture that the industry is now embracing, and we are well positioned to capture a significant share of the opportunity from enterprise to hyperscale over the next few years. To continue to maintain our market leadership, we will increase our focus on our go-to-market strategy, product portfolio and our partnerships as we help customers around the world unlock the business value in real-time information intelligence.

For the fiscal first quarter, Wall Street is expecting revenue of at least $123.83 million with a turnaround on non-GAAP earnings at three cents per share.

Fusion-io offered a first quarter revenue guidance range of $80 million to $90 million. For fiscal 2014, Fusion-io is projecting revenue to grow by roughly 20 percent.

==========

SGI reported a fiscal fourth quarter net loss of $4 million, or 13 cents per share (statement). Non-GAAP earnings were 17 cents per share on a revenue of $171 million.

Wall Street was expecting 14 cents per share on a revenue of $177.75 million.

For fiscal 2013, SGI delivered a revenue of $767 million, up two percent from 2012, and non-GAAP earnings of 36 cents per share.

President and CEO Jorge Titinger focused on the bigger picture, in prepared remarks, when looking back at 2013 and ahead toward the next fiscal year:

We achieved another solid financial quarter, capping a year in which we tripled non-GAAP net income and nearly doubled the company's net cash balance, while repositioning SGI for more profitable growth in fiscal 2014. In fiscal year 2014, we expect to achieve solid double-digit revenue growth in our core high-performance computing (HPC), storage, and Big Data solutions, while managing the run-off of our lower margin legacy cloud infrastructure business. We are on track with our operational and financial objectives for the year, including further improvement in profitability, however because of the timing of many large deal opportunities as well as the ramp of new products, we expect our financial performance to be weighted toward the second half of the fiscal year.

For the fiscal first quarter, Wall Street is expecting revenue of at least $181.50 million with non-GAAP earnings at 18 cents per share.

SGI offered first fiscal quarter guidance of $160 million to $170 million in revenue with earnings between seven and 14 cents per share.