Wix.com Posts Narrower-Than-Expected Q4 Loss

reported a narrower-than-expected loss for the fourth quarter. The Israel-based company posted a quarterly net loss of $15.1 million, or $0.39 per share, versus a year-ago net loss of $10.9 million, or $0.45 per share. Loss, excluding one-time items, narrowed to $0.25 per share, versus a year-ago loss of $0.29 per share. Its revenue climbed 67% to $41.6 million. However, analysts were projecting a loss of $0.30 per share on revenue of $39.9 million. Collections jumped 61% to $49.3 million from $30.6 million. Wix.com added around 108,000 net premium subscriptions to reach around 1,233,000 as of December 31, 2014, versus around 790,000 premium subscriptions as of December 31, 2013. The company also added over 3.8 million new registered users to reach around 57.9 million as of December 31, 2014, versus around 42.1 million registered users as of December 31, 2013. "We concluded 2014 with a strong quarter and tremendous growth that once again surpassed our guidance," said Avishai Abrahami, CEO and Co-founder of Wix. "The year was highlighted by the introduction of dynamic new products, important new technologies and new partnerships that deepen our offering and expand our reach. 2015 is going to be an exciting year for Wix." For 2015, Wix.com expects revenue of $198 million to $202 million, and adjusted earnings before interest, tax, depreciation and amortisation of $2 million to $5 million. For the first quarter, the company projects revenue of $43 to $44 million. Wix.com shares rose 0.05% to close at $18.60 yesterday.