Similarweb: Q1 Earnings Snapshot

May 10, 2022 GMT

TEL AVIV, Israel (AP) _ Similarweb Ltd. (SMWB) on Tuesday reported a loss of $25.6 million in its first quarter.

The Tel Aviv, Israel-based company said it had a loss of 34 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 26 cents per share.

The digital intelligence company posted revenue of $44.3 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $41.2 million.

For the current quarter ending in July, Similarweb said it expects revenue in the range of $45.5 million to $45.9 million.

The company expects full-year revenue in the range of $196 million to $197 million.


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