HubSpot 2014 earnings report: earnings Jumped forty nine% & customer rely Up 35%
The inbound advertising and marketing device company is gaining momentum, but nonetheless reporting losses general.
HubSpot announced its q4 2014 revenue lately, reporting whole revenue of $115.9 million for the yr, representing a forty nine percent elevate compared to 2013.
the corporate showed boom in all areas given that its IPO in October, with whole income for the fourth quarter of 2014 achieving $34.2 million, a 53 p.c elevate over 4Q 2013.
HubSpot’s products and services revenue for the 12 months was up forty p.c over 2013, and subscription income up 50 percent at $106.3 million. the company says its client base grew to incorporate more than 13,500 consumers via December 31, 2014, a 35 % hike over the collection of shoppers it won in 2013.
whereas the company has skilled marvelous increase, HubSpot has yet to turn a revenue. Its GAAP operating loss for the 12 months totaled $48.6 million, and Non-GAAP working loss was $32.1 million.
“it is clear that we’re still within the early innings of meeting the significant demand for marketing and sales technology that helps mid-market companies develop,” says HubSpot Chairman and CEO Brian Halligan. nevertheless, Halligan said his firm had an important quarter, and introduced a record selection of new consumers whereas achieving sturdy financial outcomes.
2014 Consolidated Statements of Operations
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