The company lost $24.6 million for the most recently ended year, up from slightly less than $10 million in 2013. Revenue for 2014 was $556.8 million, an increase of 18.3 percent from $470.5 million the prior year. It was up 20 percent in constant currencies. Currency changes were a big factor as the dollar strengthened far more than expected against European currencies in the second half. That trimmed about $11.5 million from last year's revenue. The loss for the year was largely the result of $36 million in stock-based compensation recorded in the last quarter. Non-GAAP net income for 2014 was $21.7 million versus non-GAAP net income of $23.6 million, for 2013. The business analytics company reported most sales came from its QlikView product with the newer QlikSense starting to contribute more in the second half.
BIGGER DEALS BOOST QLIK Featured
The increasing size of deals boosted results for Qlik Technologies for the year ended December 31. The company saw significant increases in the number of sales more than $100,000 with the number of customer sales rising at every level, including those of more than $1 million. There were nine of those in 2014 compared to seven in 2013. "We continue to see high quality organizations make larger commitments to us," CEO Lars Björk said in this week's earnings webcast.
