Mattersight's Actual Q1 2012 GAAP Results: $ 3.38 Million Loss From Continuing Operations

It seems that I was mostly right, but a little too optimistic at the EPS line -- GAAP loss per share from continuing operations was $0.22, as compared to my model's guess of $0.21.

Revenue from continuing operations was a little better than I expected, coming in at only $8.55 million for Q1 [but Q2 looks to be flat to down, according to Mr. Conway, just now].

And thus, comprehensive GAAP net loss available to common shareholders from continuing operations was $3.38 million.

On top of all of this, Mattersight now expects that revenue will be flat to down in Q2 2012 -- in continuing operations -- due to the non-renewal of a major contract. Ugh.

Finally, there will be no timely-filed SEC Form 10-Q, as Mattersight is restating its GAAP loss per share numbers for the last three years, due to management errors in calculating the same (something about not accurately reflecting dividends on the preferred). [Question: Isn't CEO Conway a CPA?] Odd.

So -- "but of course!" -- the revamped loss per share historical financials will not tie to the ones provided at the time of the ICS sale to TeleTech. What a surprise. As I say -- some things may never change.