ACV (ACVA) reported a Q1 loss Wednesday of $0.09 per diluted share, compared with a loss of $0.13 a year earlier.

Analysts polled by FactSet expected a loss of $0.12.

Revenue for the quarter ended March 31 was $182.7 million, compared with $145.7 million a year earlier.

Analysts surveyed by FactSet expected $182 million.

The company expects Q2 revenue of $193 million to $198 million. Analysts polled by FactSet expect $195.6 million.

For 2025, the company reiterated its revenue guidance of $765 million to $785 million. Analysts polled by FactSet expect $773.1 million.

Shares of the company rose more than 9% in premarket activity Thursday.

Price: 17.23, Change: +1.52, Percent Change: +9.68