Mattersight Corporation (MATR) saw its loss narrow to $3.12 million, or $0.13 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $4.36 million, or $0.18 a share.

Revenue during the quarter grew 21.09 percent to $12.56 million from $10.37 million in the previous year period. Gross margin for the quarter contracted 319 basis points over the previous year period to 68.91 percent. Operating margin for the quarter stood at negative 17.38 percent as compared to a negative 40.44 percent for the previous year period.

Operating loss for the quarter was $2.18 million, compared with an operating loss of $4.19 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $0.50 million compared to negative $1.72 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at 3.95 percent for the quarter compared to negative 16.53 percent in the last year period.

"Mattersight’s fourth quarter was marked by 20% sequential growth in revenues, thanks to deployment of backlogged revenue," said Mattersight chief executive officer Kelly Conway. "We are extremely pleased with the progress we’ve made during the last half of the year and are heading into 2017 with what we feel is a great deal of momentum."

The company has spent $4.06 million cash to meet investing activities during the year as against cash outgo of $5.09 million in the last year.

Cash flow from financing activities was $18.99 million for the year, up 50.06 percent or $6.33 million, when compared with the last year.

Cash and cash equivalents stood at $12.54 million as on Dec. 31, 2016, down 18.62 percent or $2.87 million from $15.41 million on Dec. 31, 2015.

Debt increases substantially
Mattersight Corporation has witnessed an increase in total debt over the last one year. It stood at $25.16 million as on Dec. 31, 2016, up 632.92 percent or $21.73 million from $3.43 million on Dec. 31, 2015.