“Okta Announces Record Fourth Quarter and Fiscal Year 2019 Financial Results”
But the link is dead…
https://investor.okta.com/index.php/news-releases/news-relea…
Things to come?
🆁🅶🅱
wordlessly watching, he waits by the window and wonders…
https://www.businesswire.com/news/home/20190307005699/en/
Revenue (millions USD)
Q1 Q2 Q3 Q4 Year YOY
2017 31,787 37,436 42,283 44,011 155,517
2018 52,325 60,259 66,911 77,052 256,547 64.96%
2019 83,621 94,586 105,576 115,471 399,254 55.63%
Adj Gross Proft (millions USD)
Q1 Q2 Q3 Q4 Year YOY
2017 20,121 24,462 29,109 34,135 107,827
2018 36,021 42,371 48,188 56,953 183,533 70.21%
2019 61,932 69,342 80,013 88,198 299,485 63.18%
Gross margin percent (Non-GAAP)
Q1 Q2 Q3 Q4 Year
2017 63.30% 65.34% 68.84% 77.56% 69.33%
2018 68.84% 70.31% 72.02% 73.92% 71.54%
2019 74.06% 73.31% 75.79% 76.38% 75.01%
🆁🅶🅱
wordlessly watching, he waits by the window and wonders…
19 Likes
Link works now…
Okta Inc. (OKTA) shares dropped in the extended session Thursday after the identity-management company’s bottom-line outlook fell well short of Wall Street estimates. Okta shares dropped 10% after hours, following a 1.5% rise to close the regular session at $81.21. Okta said it expects an adjusted loss of 22 cents to 21 cents a share on revenue of $116 million to $117 million for the first quarter, and a loss of 53 cents to 48 cents a share on revenue of $530 million to $535 million for the year. Analysts surveyed by FactSet had forecast a loss of 12 cents a share on revenue of $111.7 million, and a loss of 22 cents a share on revenue of $518.3 million for the year. The company reported a fourth-quarter loss of $30.8 million, or 28 cents a share, compared with $23 million, or 23 cents a share, in the year-ago period. The adjusted loss was 4 cents a share. Revenue rose to $115.5 million from $77.1 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 8 cents a share on revenue of $107.9 million.
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
2 Likes
So, isn’t it a better buy now with a small dip AH?
I’m disappointed with the revenue growth deceleration. Had been holding steady around 56%-57%, now suddenly a drop to 50%.
Still great growth, but Twilio is accelerating. Had hoped to see that from Okta as well. The conference call should be illuminating.
Customer growth…
Total customers
Q1 Q2 Q3 Q4 YOY
2018 3,350 3,650 3,950 4,350
2019 4,700 5,150 5,600 6,100 40.23%
Customers (ACV > $100k)
Q1 Q2 Q3 Q4 YOY
2018 493 539 603 691
2019 747 837 937 1,038 50.22%
Dollar-based net expansion rate
Q1 Q2 Q3 Q4
2018 123% 123% 123% 121%
2019 121% 121% 120% 120%
🆁🅶🅱
wordlessly watching, he waits by the window and wonders…
11 Likes
RoyGeeBiv,
Thanks for the posts. Helpful. Much appreciated.
One thing that caught my eye in a quick scan of the press release was the revenue growth forecast.
Total revenue of $530 to $535 million, representing a growth rate of 33% to 34% year-over-year.”
That compares to this year’s 56 percent. Maybe explains the AH drop? Will be curious to read the conference call transcript.
Long OKTA.
One thing that caught my eye in a quick scan of the press release was the revenue growth forecast.
Today’s release stated…
For the full year fiscal 2020, the Company expects:
• Total revenue of $530 to $535 million, representing a growth rate of 33% to 34% year-over-year
However, a year ago OKTA stated…
For the full fiscal 2019, the Company expects:
• Total revenue of $343 to $348 million, representing a growth rate of 33 to 35% year-over-year
Notice anything there? 
🆁🅶🅱
wordlessly watching, he waits by the window and wonders…
28 Likes
Customer growth…
Total customers
Q1 Q2 Q3 Q4 YOY
2018 3,350 3,650 3,950 4,350
2019 4,700 5,150 5,600 6,100 40.23%
Customers (ACV > $100k)
Q1 Q2 Q3 Q4 YOY
2018 493 539 603 691
2019 747 837 937 1,038 50.22%
Dollar-based net expansion rate
Q1 Q2 Q3 Q4
2018 123% 123% 123% 121%
2019 121% 121% 120% 120%
Did you post this from the future?
1 Like
Those are FY19 numbers
Maybe the market did not like the ever growing loses. Land and expand is fine but if you keep losing more money with each expansion you will eventually be in big trouble.
I don’t mind loses in these early stages but do not like to see them growing.Because eventually it’s profit not sales that pays the bills.
5 Likes
Scan through co reports this year vs. last year this time. Forecast for yearly growth was 33-35% last year, ended 50% today. Not sure if history might repeat…
For the full year fiscal 2020, the Company expects:
Total revenue of $530 to $535 million, representing a growth rate of 33% to 34% year-over-year
Non-GAAP operating loss of $69.0 to $63.0 million
Non-GAAP net loss per share of $0.53 to $0.48, assuming shares outstanding of approximately 115 million
For the full fiscal 2019, the Company expects:
Total revenue of $343 to $348 million, representing a growth rate of 33 to 35% year-over-year
Non-GAAP operating loss of $72.0 to $67.0 million
Non-GAAP net loss per share of $0.67 to $0.62, assuming shares outstanding of approximately 106 million
5 Likes
Table of quarter by quarter revenue versus guidance from previous quarter…
Q118 Q2 Q3 Q4
Revenue 52,325 60,259 66,911 77,052
guidance (from q-1) 55.5 62.5 70.5
? guidance 9% 7% 9%
Q119 Q2 Q3 Q4
Revenue 83,621 94,586 105,576 115,471
guidance (from q-1) 78.5 84.5 96.5 107.5
? guidance 7% 12% 9% 7%
From my notes on the last 7 quarters, Okta beats guidance QoQ by say 9% on average, so based on that number, Q1-2020 revenue ‘should’ be 126-127m, or around 52% yoy.
Revenue growth definitely slowing, and no large catalyst that I can see to increase it in the future. From first glance, seems like a nice quarter, and the guidance has spooked some.
cheers
Greg
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