Zendesk Inc (NYSE:ZEN) posted financial report for the fiscal quarter and full year closed December 31, 2017, and issued a Shareholder Letter. In addition, the company has issued its historical financial report as per the new revenue recognition guideline ASC 606.
Zendesk reported that revenue came at around $123 million for the quarter closed December 31, 2017, a jump of 39% over the same period, a year ago. GAAP net loss for the reported quarter came at $26.6 million, while GAAP net loss stood at $0.26 per share. Non-GAAP net loss came at $0.5 million, while non-GAAP net loss was $0.01 per share.
This Non-GAAP net loss discounts share-based compensation of around $24.7 million and related expenses, including employer tax of $2.0 million linked to employee stock deals and amortization of share-related compensation capitalized of $0.4 million in internal-use software, amortization of purchased intangibles amounting to $0.7 million, and $0.7 million of acquisition-based expenses. Non-GAAP and GAAP net loss a share for the quarter closed December 31, 2017 were grounded on 102 million weighted average outstanding shares.
As of the close of February 6, 2018, Zendesk issued guidance for the quarter closing March 31, 2018 and for the fiscal year closing December 31, 2018. Projection for 2018 is dependent on the new revenue recognition guideline ASC 606.
For the quarter closing March 31, 2018, Zendesk anticipates to report revenue in the range of $125 million to 127 million. GAAP operating loss of $33 million to 35 million, which comprises share-based compensation and linked expenses of around $28.7 million, amortization of bought intangibles of around $0.7 million, and acquisition-linked expenses of around $0.6 million.
Zendesk reported that non-GAAP operating loss stood at $3 million to $5 million, which discounts share-based compensation and linked expenses of around $28.7 million, amortization of bought intangibles of nearly $0.7 million, and acquisition-linked expenses of nearly $0.6 million.