04:39 PM EDT, 09/05/2024 (MT Newswires) -- Braze (BRZE) reported late Thursday a fiscal Q2 non-GAAP net income of $0.09 per diluted share, swinging from a loss of $0.04 per share a year earlier.

Analysts polled by Capital IQ estimated a loss of $0.03 per share.

Revenue for the quarter ended July 31 was $145.5 million, up from $115.1 million a year earlier.

Analysts surveyed by Capital IQ expected $141.3 million.

For fiscal Q3, Braze expects breakeven to a loss of $0.01 on non-GAAP basis on revenue of $147.5 million to $148.5 million. Analysts polled by Capital IQ expect a normalized loss of $0.02 on revenue of $148 million.

For fiscal 2025, the company now expects a non-GAAP net income of $0.06 to $0.07 per diluted share and revenue of $582.5 million to $585.5 million. That compared with its prior guidance of a loss of $0.06 to $0.10 on revenue of $577 million to $581 million.

Analysts surveyed by Capital IQ expect a loss of $0.07 on revenue of $580 million.

Braze shares were down more than 6% in after-hours trading.

Price: 41.30, Change: -2.83, Percent Change: -6.41