Online personal styling service provider Stitch Fix (NASDAQ: SFIX) reported mixed results for Q4 2019. The company reported earnings of $0.07 per share on revenue of $432.1 million. Analysts had projected Stitch Fix to earn $0.04 per share on revenue of $432.28 million. Stitch Fix stock, which was down immediately after the earnings announcement, was trading up about 2% at 4:30 PM ET.

Stitch Fix (SFIX) surpasses Q4 earnings targets, but misses on revenue

For the fourth quarter ended August 3, 2019, Stitch Fix reported adjusted EBITDA of $6.4 million. Active clients grew 494,000 or 18% year-over-year to 3.2 million. Net revenue per active client for the fourth quarter grew 9% to $488. Revenue growth of 36% in the recently ended quarter was driven by increases in both active clients and net revenue per active client.

Stitch Fix (SFIX) active clients grew 18% to 3.2 million in Q4 2019

For the first quarter 2020, Stitch Fix expects revenue to be between $438 million and $442 million, representing a year-over-year growth of 20–21%. Adjusted EBITDA is expected to be in the range of $6 million to $9 million.

For fiscal year 2020, the San Francisco-based firm eyes revenue to be in the range of $1.90 billion to $1.93 billion. Adjusted EBITDA is touted to be between $85 million and $105 million.

Read: Nike (NKE) tops Q1 2020 estimates

Commenting on fiscal year 2019 results, CEO Katrina Lake said, “For the full year, we grew net revenue 29% year over year to $1.6 billion and captured more of our large addressable client base by adding nearly half a million active clients in 2019. In addition, we consistently demonstrated our ability to deliver great client experiences, growing revenue per active client in every quarter of fiscal 2019, including 9% year over year in Q4.”

Stitch Fix stock had advanced 18% so far in 2019 and slumped 55% in the trailing 12 months.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips