Instructure, Inc. (INST) saw its loss widen to $12.92 million, or $0.46 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $12.12 million, or $0.74 a share. On the other hand, adjusted net loss for the quarter narrowed to $9.96 million, or $0.35 a share from a loss of $10.47 million or $0.43 a share, a year ago.

Revenue during the quarter surged 44.73 percent to $31.55 million from $21.80 million in the previous year period. Gross margin for the quarter expanded 243 basis points over the previous year period to 71.07 percent. Operating margin for the quarter stood at negative 40.70 percent as compared to a negative 54.65 percent for the previous year period.

Operating loss for the quarter was $12.84 million, compared with an operating loss of $11.91 million in the previous year period.

However, the adjusted operating loss for the quarter stood at $9.86 million compared to operating loss of $10.37 million in prior year period.

"This is a natural next step as we scale the organization to handle the operational challenges of our continued fast growth across multiple markets," said Josh Coates, Instructure chief executive officer. "Mitch has proven to be an integral leader and our high customer satisfaction rating and net promoter score are a direct result of his focus on creating best in class operational teams across our organization."
 

For the first-quarter, INSTRUCTURE forecasts revenue to be in the range of $32.60 million to $33.20 million. The company expects adjusted net loss to be in the range of $11.20 million to $10.60 million. On an adjusted basis, The company expects diluted loss per share to be in the range of $0.39 to $0.37.

For fiscal year 2017, INSTRUCTURE forecasts revenue to be in the range of $149.30 million to $150.80 million. The company expects adjusted net loss to be in the range of $39.20 million to $38.20 million. The company expects diluted loss per share to be in the range of $1.35 to $1.31 on adjusted basis.

Operating cash flow remains negative
Instructure, Inc. has spent $21.61 million cash to meet operating activities during the year as against cash outgo of $19.35 million in the last year.

The company has spent $31.31 million cash to meet investing activities during the year as against cash outgo of $6.47 million in the last year. It has incurred net capital expenditure of $7.68 million on net basis during the year, up 15.79 percent or $1.05 million from year ago.

Cash flow from financing activities was $6.98 million for the year, down 90.35 percent or $65.39 million, when compared with the last year.

Cash and cash equivalents stood at $44.54 million as on Dec. 31, 2016, down 50.77 percent or $45.93 million from $90.47 million on Dec. 31, 2015.