Looking good, about in line to me with the high expectations:
Revenue +54%
Gross margin improving YOY from 83% to 89% (GAAP)
Non-GAAP Gross margin improving YOY from 84% to 90%
Loss improving (a little).
Ended the second quarter of 2018 with 3,940 customers, a 40% increase from the second quarter of 2017.
Added 267 net new customers in the second quarter of 2018 compared to 258 net new customers in the second quarter of 2017.
Achieved a dollar-based net revenue retention rate of 131% for the second quarter of 2018.
After market is more positively surprised than I am, up +4.6% at the moment.
From the press release:
Revenue: Revenue for the second quarter of 2018 was $46.8 million, an increase of 54% on a year-over-year basis.
Gross Profit: GAAP gross profit for the second quarter of 2018 was $41.5 million, or a GAAP gross margin of 89%, an increase compared to GAAP gross profit of $25.0 million, or a GAAP gross margin of 83%, in the second quarter of 2017.
Non-GAAP gross profit for the second quarter of 2018 was $42.2 million, or a non-GAAP gross margin of 90%, an increase compared to non-GAAP gross profit of $25.4 million, or a non-GAAP gross margin of 84%, in the second quarter of 2017.
Loss from Operations: GAAP loss from operations for the second quarter of 2018 was $(8.9) million, compared to a loss from operations of $(8.1) million for the second quarter of 2017. Non-GAAP loss from operations for the second quarter of 2018 was $(4.3) million, an improvement compared to non-GAAP loss from operations of $(5.5) million for the second quarter of 2017.
Net Loss: GAAP net loss attributable to common stockholders for the second quarter of 2018 was $(5.3) million, compared to a GAAP net loss attributable to common stockholders of $(7.0) million for the second quarter of 2017. GAAP net loss per share attributable to common stockholders for the second quarter of 2018 was $(0.09), based on 60.7 million weighted-average basic and diluted shares outstanding, compared to a GAAP net loss per share attributable to common stockholders of $(0.12), based on 58.3 million weighted-average basic and diluted shares outstanding, for the second quarter of 2017.
Let’s see what else we’ve got.
LNS