As I am posting this, SentinelOne is down 32% afterhours.
$S Q1 EPS ($0.15) vs Est. ($0.17) Revenue $133.4M vs Est. $136.62M
GUIDANCE: Q2 2024 revenue $141M vs Est. $151.9M
FY2024 revenue $590-600M vs Est. $638.5M — First Quarter Fiscal Year 2024 Highlights (All metrics are compared to the first quarter of fiscal year 2023 unless otherwise noted)
Total revenue increased 70% to $133.4 million, compared to $78.3 million.
Annualized recurring revenue (ARR) increased 75% to $563.6 million as of April 30, 2023. As a result of a change in methodology and correction of historical inaccuracies, which we further describe in our letter to shareholders, we made a one-time adjustment to ARR of $27.0 million or approximately 5% of total ARR, which we reflected in our total ARR as of April 30, 2023. ARR for the prior period in fiscal 2023 has been adjusted based on the same percentage adjustment rate identified in the first quarter of fiscal 2024.
Total customer count grew approximately 43% to over 10,680 customers as of April 30, 2023. Customers with ARR over $100,000 grew 61% to 917 as of April 30, 2023. Dollar-based net revenue retention rate (NRR) remained above 125%. Customers with ARR over $100,000 and NRR reflect the adjustment to ARR described above.
Gross margin: GAAP gross margin was 68%, compared to 65%. Non-GAAP gross margin was 75%, compared to 68%.
Operating margin: GAAP operating margin was (86)%, compared to (115)%. Non-GAAP operating margin was (38)%, compared to (73)%.
Cash, cash equivalents, and investments were $1.1 billion as of April 30, 2023.
[link] [comments] https://www.reddit.com/r/stocks/comments/13xsi8o/sentinelone_s_q1_results/
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