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Irvine-based Alteryx Inc.’s first quarterly financial report as a public company beat Wall Street expectations.
The analytics software maker posted sales in the first quarter of $28.5 million, up 55% from a year earlier and topping analyst forecasts of $26.1 million.
The company reported a net loss of $3.7 million, compared with a net loss of about $5.8 million a year ago. The loss of 8 cents a share beat a Wall Street consensus of a net loss of 19 cents a share.
Alteryx began trading on the New York Stock Exchange, under the symbol “AYX,” on March 24, raising about $114 million in net proceeds from the IPO.
Its venture capital backers include Newport Beach-based Toba Capital, Insight Venture Partners, Sapphire Ventures, Thomson Reuters and ICONIQ Capital, among others.
The IPO was the first in Orange County since June 2015 when Glaukos Corp. in San Clemente raised about $188 million, and the first local tech IPO since December 2013 when Irvine-based Kofax raised $11 million after years on the London stock exchange.
Alteryx provided a revenue and profit outlook for the current quarter in line with Wall Street estimates: it projects sales between $29 million and $29.5 million, and a net loss between $7.5 million and $8 million.