We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Boulder-based Rally (NYSE: RALY) generated $74.3 million in revenue for fiscal year 2014, up from $56.8 million in 2013. The company incurred a net loss of $20.1 million, up from a loss of $10.8 million for fiscal year 2013.
The 2014 net loss equated to $1.01 per share.
Rally makes cloud-based software development tools. The company went public in April, raising $84 million in an initial public offering. A follow-on offering in July raised an additional $138 million. In June, the company signed a lease on a to-be-constructed 89,000-square-foot addition to its 65,000-square-foot Boulder headquarters at 3333 Walnut St.
For the fourth quarter ending Jan. 31, Rally had a net loss of $6.3 million, or 26 cents per share, on revenue of $19.6 million. The revenue marked a 27 percent increase compared with the same period a year earlier.
“This quarter marked a finish to a great year, distinguishing a continued trend of Agile acceptance in the mainstream,” Rally’s chairman and chief executive Tim Miller said in a prepared statement.
For fiscal year 2015, the company projects revenue of $91.5 million to $93.5 million and a net loss per share of $1.82 to $1.87.