Castlight Reiterates FY19 Guidance; Sees Annual Recurring Revenue As Of Dec. 31 To Exceed $140M-$145M Range

Full Year 2019 Guidance Reiterated Castlight also announced today that it is reiterating the full year 2019 guidance it provided in its third quarter 2019 financial results press release

Benzinga · 01/09/2020 21:39

Full Year 2019 Guidance Reiterated

Castlight also announced today that it is reiterating the full year 2019 guidance it provided in its third quarter 2019 financial results press release dated October 24, 2019. Additionally, the Company expects annualized recurring revenue1 (ARR) as of December 31, 2019 to exceed the $140 million to $145 million range discussed on its third quarter 2019 financial results conference call on October 24, 2019. These estimates are preliminary in nature and subject to customary year-end closing processes. Castlight anticipates releasing its final fourth quarter and full year 2019 financial results in late February 2020. At that time, the Company expects to offer preliminary guidance for full year 2020.