Categories AlphaGraphs, Earnings, Technology

Infographic: Highlights of Slack Technologies (WORK) Q1 2021 Earnings Report

Slack Technologies (NYSE: WORK) reported a narrower loss for the first quarter of 2021, aided by a 50% growth in revenues. The results also exceeded the market’s projection. Meanwhile, the company’s stock dropped on Thursday evening, following the announcement.

Slack Technologies Q1 2021 Earnings Infographic

The corporate communications app reported an adjusted loss of 2 cents per share for the April-quarter, compared to a loss of 23 cents per share last year. Analysts were looking for a wider loss.

The improvement reflects a 50% growth in revenues to $202 million, which also topped the Street view. On an unadjusted basis, net loss was $75.2 million or $0.13 per share, compared to a loss of $33.3 million or $0.26 per share in the first quarter of 2020.

Shares of Slack, which closed Thursday’s regular session lower, continued to lose during the extended session.

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