12:33 PM EDT, 09/06/2024 (MT Newswires) -- (Updates to add stock move in the first paragraph.)

Braze (BRZE) shares slumped 20% in recent Friday trading, a day after the company released fiscal Q2 results.

In the three months ended July 31, non-GAAP net income was $0.09 per diluted share, swinging from a loss of $0.04 a year earlier.

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

Revenue rose to $145.5 million from $115.1 million a year earlier.

Analysts surveyed by Capital IQ expected $141.3 million.

In fiscal Q3, Braze expects breakeven to a loss of $0.01 on a 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.

In fiscal 2025, the company expects non-GAAP net income of $0.06 to $0.07 a share and revenue of $582.5 million to $585.5 million. That compared with prior guidance of an EPS 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.

Price: 35.31, Change: -8.82, Percent Change: -19.99