ChannelAdvisor Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014
For the year, the company expects revenue to be approximately $84.8 million, growth of approximately 25% year-on-year. As the company had not yet completed its financial close, they are unable to provide updated adjusted EBITDA guidance. The company expects the revenue shortfall will cause its adjusted EBITDA to fall below the level to which they had previously guided, although expenses that were lower than anticipated should partially mitigate the impact of the lower revenues.