INST--2017Q3 Data Update

Bear brought INST to this board and gave a very comprehensive introduction in the following post:
http://discussion.fool.com/why-i-bought-instructure-inst-3283437…

In this post, I am going to update the revenue and EPS data table initially presented in the post above by embracing the Q3 results. Hope Bear will not mind.

Revenue (in millions)


	Mar	Jun	Sep	Dec
2015:	15	16	21	22
2016:	23	26	30	32
2017:	34	38	43

Revenue Growth


	Mar	Jun	Sep	Dec
2015:      
2016:	59%	63%	44%	45%
2017:	46%	47%	43%

EPS


	Mar	Jun	Sep	Dec
2015:				-.43
2016:	-.42	-.44	-.34	-.35
2017:	-.33	-.32	-.27

Deferred Revenue (in millions) ended
Sep 2015: 54
Sep 2016: 82
Sep 2017: 109

2017Q3 Business Highlights
* U.S. Higher Education and K-12 Schools – Canvas was selected as the statewide LMS by the Utah Education and Telehealth Network for all public K-12 school districts and charter schools, and by the Wyoming Department of Education for over 100,000 K-12 and higher education students. Within the U.S. higher education market, Canvas was chosen by Tufts University for their 11,000 students. Additionally, the Georgia Institute of Technology and the University of Colorado Boulder chose Canvas as their LMS for their 25,000 and 29,000 students, respectively.

* International – Canvas was chosen by the Centro de Integração Empresa-Escola (CIEE) for their 36,000 learners and by the Swinburne University of Technology for their 24,000 students. Additionally, the Pontifical Catholic University of Minas Gerais, one of the top private universities in Brazil and one of the largest Catholic universities in the world, selected Canvas for their entire e-learning department of 16,000 students.

Upgrade guidance for the full year ending December 31, 2017
Revenue: $156.0 million to $156.6 million, up from $152.9 million to $154.1 million
non-GAAP net loss: ($35.6) million to ($35.0) million, up from ($36.8) million to ($35.8) million
non-GAAP net loss per share: ($1.21) to ($1.19), up from ($1.26) to ($1.23).

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