ServiceSource International (NASDAQ:SREV) Stock Moves in a Range: Now What?

The customer journey experience company ServiceSource International (NASDAQ:SREV) has not been in the news in recent times and that is possibly the reason why the company’s stock has been moving in a range as well. The last important development about the company was the announcement of its financial results for the quarter that ended on June 30, 2021.

The announcement was made back on July 28. Gary B. Moore, who is the Chief Executive Officer and Chairman of the company, spoke about the second quarter performance at length. He stated that ServiceSource managed to boost its client demand and that, in turn, led to the sequential growth in revenues.

As per generally accepted accounting principles or GAAP, ServiceSource managed to generate revenues of as much as $46.3 million and that reflected a slight fall from the $47.6 million in revenues in the prior year period. The net loss for the quarter stood at $5.1 million, which worked out to $.05 per diluted share in ServiceSource.

However, it was lower than the net loss of $5.4 million in the same quarter last year. While the stock is moving in a range, investors could consider keeping an eye on it and see if it does break out any point.