Zuora Inc (NYSE: ZUO) stock fell over 10.2% on 22nd March 2019 (as of 10:26 am GMT-4; Source: Google finance) after the company reported a fourth-quarter loss of $20.7 million, compared with a loss of $13.8 million in the year-ago period. Net cash used in operating activities was $7.0 million, compared to net cash used in operating activities of $6.9 million in the fourth quarter of fiscal 2018. Free cash flow was negative $9.8 million compared to negative $9.1 million in the fourth quarter of fiscal 2018. Cash and cash equivalents, restricted cash and short-term investments were $177.9 million as of January 31, 2019. ZUO in the fourth quarter of FY 19 has reported the adjusted loss per share of 11 cents, beating the analysts’ estimates for the adjusted loss per share of 11 cents. The company had reported the adjusted revenue growth of 29 percent to $64.1 million in the fourth quarter of FY 19, beating the analysts’ estimates for revenue of $62.8 million. Subscription revenue was $46.7 million, an increase of 35% year-over-year. Additionally, ZUO has signed more than 30 new deals over $250,000 in the past year, up nearly 50% from the prior year. In Q4, transaction volume through the billing system grew 56% to $10.8 billion. Customers with ACV equal to or greater than $100,000 was 526, which represents 27% year-over-year growth. Dollar-based retention rate was 112%, compared to 110% in the prior year. Meanwhile, ZUO has provided an outlook using both old accounting rules and new accounting rules, maintaining that the Wall Street consensus was using the old rules for estimates. Under the old rules, Zuora expects a loss of 13 cents to 12 cents a share on revenue of $65 million to $66 million for the fiscal first quarter, and a loss of 44 cents to 40 cents a share on revenue of $293 million to $297.5 million for the year. Analysts surveyed by FactSet expect a loss of 13 cents a share on revenue of $66 million for the first quarter, and a loss of 46 cents on revenue of $294.2 million for the year. Under the new rules, Zuora said it expects a loss of 14 cents to 13 cents a share on revenue of $63.5 million to $64.5 million for the fiscal first quarter, and a loss of 44 cents to 40 cents a share on revenue of $289 million to $293.5 million for the year.  

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