Looks solid to me too. Here are the details:
Quarter_________ Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20
Fiscal Q_________ FiscQ4 FiscQ1 FiscQ2 FiscQ3
Calc Bill_________ 73.3 59.2 88.5 79.8 115.4 89.4 125.3 122.9
YoY Ch%_________ 76.2% 72.5% 68.0% 57.4% 51.0% 41.6% 54.0%
Revenue_________ 49,572 56,644 63,575 70,835 80,599 89,710 101,106 113,181
QoQ Ch%_________ 18.9% 14.3% 12.2% 11.4% 13.8% 11.3% 12.7% 11.9%
YoY Ch%_________ 82.4% 79.0% 71.6% 69.9% 62.6% 58.4% 59.0% 59.8%
Gross Prof_______ 35,972 41,087 44,988 50,411 57,157 63,459 72,345 79,776
Gross Margin_____ 72.57% 72.54% 70.76% 71.17% 70.92% 70.74% 71.55% 70.49%
OpEx____________ 55,207 59,502 72,058 74,197 89,242 105,761 124,306 122,044
YoY Ch%_________ 76.3% 78.1% 104.7% 71.1% 61.6% 77.7% 72.5% 64.5%
Op Loss_________ -19,235 -18,415 -27,070 -23,786 -32,085 -41,371 -51,961 -42,268
StockBasedComp__ 4,164 5,665 11,239 11,111 11,927 12,771 14,416 15,588
Customer Count___ 5,500 6,300 7,200 8,100 8,800 9,700 10,500
YoY Ch%_________ #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 60.0% 54.0% 45.8%
Cust w ACV > 100k 300 340 380 440 475 525 570
YoY Ch%_________ #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 58.3% 54.4% 50.0%
Net Expansion Rate 130%+ 130%+ 130%+ 130%+ 130%+ 130%+ 130%+ 130%+
FY Guidance_____ 258.0 267.0 403.0 412.0 417.0 424.0
YoY Ch%_________ 48.4% 51.7% 53.5% 56.1%
Q Guidance______ 66.0 76.0 84.0 97.0 108.0 120.0
YoY Ch%_________ 78.4% 82.3% 48.4% 52.5% 52.5% 48.9%
Shares Outstanding 72.30 74.60 77.80 80.70
Share price_______ 80.01 88.50 68.00 69.00
Cash (in mil)______ 298.00 315.20 305.00 294.00
TTM Revenue_____ 271.65 304.72 342.25 384.60
TTM Billings______ 342.90 373.10 409.90 453.00
EV/S____________ 20.20 20.63 14.57 13.71
EV/Billings________ 16.00 16.85 12.16 11.64
The loss is still something to keep an eye on, but the fact that it came down from last quarter (and so did OpEx) is a good thing.
Certainly seems like they’ll keep growing at over 50%. At a EV/S of about 14, this one should have a lot of upside, especially if the market ever decides to believe in this company.
Bear