Software Company Alvaria Posts Weak Earnings Amid Cash Worries

Alvaria reported a double-digit decline in earnings and revenue on a year-over-year basis for the three-month period that ended Sept. 30, according to people familiar with the matter.

• During its third-quarter earnings call this week, Alvaria said its private equity owner Abry Partnerswill be supportive as the company’s liquidity concerns persist, said the people, who asked not to be identified discussing private results
• The company had around $17 million of cash and roughly $55 million in borrowings on its revolving credit facility, the people said
• Alvaria indicated that it is comfortable with its liquidity profile in the near-term
• The ...