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[-]  07-11-18 22:35

Avalara posts $70M in revenue in 2nd quarter as a public company, responds to patent lawsuit
Avalara cruised past Wall Street expectations in its second quarterly update since going public in June. The Seattle sales tax automation company posted a net loss of $9 million — or $0.14 per share — on revenue of $69.5 million. Analysts surveyed in advance expected Avalara to post losses of $0.17 per share on $66.24 million in revenue. Both losses and revenue climbed over a year ago, with revenue up 26 percent. “With our third consecutive quarter of 25 percent revenue growth, we delivere...

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