-Total revenue was $116.4 million, an increase of 152% from the first quarter of
fiscal 2021.
-Core revenue, which represents subscription and transaction fees was $115.6
million, an increase of 164% year-over-year. Organic core revenue was $77.7
million, up 78% year-over-year, and excluded Divvy and Invoice2go revenue of
$37.9 million.
-
Subscription fees were $35.0 million, up 43% year-over-year. Organic
subscription fees were $34.1 million, up 39% year-over-year, and excluded
Divvy and Invoice2go fees of approximately $1.0 million. -
Transaction fees were $80.6 million, up 319% year-over year. Organic
transaction fees were $43.7 million, up 127% year-over-year, and excluded
Divvy and Invoice2go fees of $36.9 million. -
Gross profit was $86.6 million, representing a 74.4% gross margin, compared to
$34.1 million, or a 73.8% gross margin, in the first quarter of fiscal 2021. NonGAAP gross profit was $97.0 million, representing a 83.3% non-GAAP gross
margin, compared to $35.2 million, or a 76.2% non-GAAP gross margin in the
first quarter of fiscal 2021. -
Loss from operations was $76.2 million, compared to a loss from operations of $13.8
million in the first quarter of fiscal 2021. Non-GAAP loss from operations was $11.1
million, compared to a non-GAAP loss from operations of $2.3 million in the first quarter
of fiscal 2021. -
Net loss was $75.7 million, or ($0.79) per share, basic and diluted, compared to
net loss of $13.0 million, or ($0.16) per share, basic and diluted, in the first
quarter of fiscal 2021. Non-GAAP net loss was $14.1 million, or ($0.15) per
share, basic and diluted, compared to non-GAAP net loss of $1.4 million, or
($0.02) per share, basic and diluted, in the first quarter of fiscal 2021
Q2 guidance for 141.5% growth.
Results and guidance seem good.
(Just took a starter position - hoping to dig deep and learn more about the company before building it out)