Cyren (NASDAQ: CYRN), Announces 1Q 2k19 Financial Results

1Q revenue increases 26percent year-over-year

Cyren (NASDAQ: CERN) today announced its  1Q 2k19 financial results for the period ending March 31, 2k19.

During the first quarter, Cyren reported quarterly revenues of $9.700 M – an increase of 26. 00percent over the  1Q of 2k18. Annual recurring revenue from Cyren’s enterprise business finished the quarter at $6.80000 M compared to $4.800 Mat the end of Q1 2k18, representing a 41percent annual increase.

 1Q 2k19 Financial Highlights:

Revenues for the  1Q of 2k19 were $9.700 million, compared to $7.700 M during the  1Q of 2k18, and $9.500 M last quarter.

GAAP net loss for the  1Q of 2k19 was $4.6 million, compared to a net loss of $5.200 Min the  1Q of 2k18.

GAAP loss per basic and diluted share for the  1Q of 2k19 was $0.0800, compared to a loss of $0.1000 per basic and diluted share for the  1Q of 2k18.

Non-GAAP net loss for the  1Q of 2k19 was $4.4 million, compared to a Non-GAAP net loss of $4.8 million for the  1Q of 2k18.

Non-GAAP loss per basic and diluted share was $0.0800 for the  1Q of 2k19, compared to a Non-GAAP loss of $0.09 00per share in  1Q of 2k18.

Operating cash flow during the  1Q of 2k19 was negative $1.300 million, compared to operating cash flow of negative $4.200 M during the  1Q of 2k18.

Net cash flow for the  1Q of 2k19 was negative $5.100 million, compared to negative $5.700 M during the  1Q of 2k18.

Cash balance as of March 31, 2k19 was $12.400 million, compared to $17.6 00Mas of December 31, 2k18.

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