ZAGG, Inc. (ZAGG) Misses Q1 EPS by 5c

ZAGG, Inc. (NASDAQ: ZAGG) reported Q1 EPS of ($0.03), $0.05 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $62.4 million versus the consensus estimate of $71.07 million.

2016 Business Outlook (reflecting 10 months of mophie contribution)The Company maintains overall guidance at this time, while updating the forecast for net sales and Adjusted EBITDA to be at the low end of the range due to a slower start to mophie sales related to supply chain constraints.

The Company’s annual guidance for 2016 is as follows:

• Net sales of $460 - $500 million
• Gross profit margin (as a % of net sales) in a range of low to mid 30’s
• Adjusted EBITDA of $60 - $65 million
• Annual effective tax rate of approximately 40%

For earnings history and earnings-related data on ZAGG, Inc. (ZAGG) click here.

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