FQ2 Non-GAAP EPS of -$0.23 beats by $0.05.
Revenue of $303.66M (+52.8% Y/Y) beats by $21.35M.
Sees FY 2023 revenue of $1.196B to $1.206B vs. previous forecast of $1.172B to $1.192B. The consensus revenue estimate is $1.19B.
Sees FY 2023 non-GAAP net loss per share of 0.28 to $0.35 vs. previous forecast of $0.16 to $0.31. The consensus EPS estimate is -$0.23.
Sees FQ3 revenue of $300M to $303M vs. consensus revenue estimate of $294.60M.
Sees FQ3 non-GAAP net loss per share of $0.16 to $0.19 vs. consensus EPS estimate of -$0.13.
OK I’m not like the look of these results. Atlas growth slowed to 73%, (64% of revenues now) and overall growth slowed to 52.8% and the guide looks pretty poor. Operating and Net losses ballooned on every measure GAAP or Non-GAAP whichever way you look at it. Negative cash flow worsened. Guidance is for zero QoQ growth. I can see the market not liking this at all.
I haven’t seen the transcript yet but that will no doubt need to explain a lot!