Hello Fools, someone suggested a few weeks back Tenable I believe in TMF100 board, but I can´t find the original post. I did open a small position that has gone up about 30%.
They released already their earnings for last year, (much easier to see in the link below)
https://investors.tenable.com/news-releases/news-release-det…
Revenue has increased by 42%, losses about 56%.
I was wondering if based on this report you could share your thoughts about where this company might be headed. Thanks!
“The fourth quarter was a great finish to 2018, with full year revenue growth of 42% year-over-year," said Amit Yoran, Chairman and CEO of Tenable. “Digital transformation continues to elevate the importance of and investment in Cyber Exposure. Understanding and reducing Cyber Exposure remains a strategic C-suite and Board level issue and enterprise organizations are increasingly recognizing Tenable as a strategic and foundational component of this effort.”
Fourth Quarter 2018 Financial Highlights
Revenue was $75.2 million, representing a 39% increase year-over-year.
Calculated current billings was $97.3 million, representing a 36% increase year-over-year.
GAAP loss from operations was $19.6 million, compared to a loss of $11.6 million in the fourth quarter of 2017.
Non-GAAP loss from operations was $10.8 million, compared to a loss of $9.2 million in the fourth quarter of 2017.
GAAP net loss was $19.6 million, compared to a loss of $11.7 million in the fourth quarter of 2017.
GAAP net loss per share was $0.21, compared to a loss of $0.52 in the fourth quarter of 2017.
Non-GAAP net loss was $10.9 million, compared to a loss of $9.3 million in the fourth quarter of 2017.
Pro forma non-GAAP net loss per share was $0.12, compared to a loss per share of $0.12 in the fourth quarter of 2017.
Cash and cash equivalents and short-term investments were $283.2 million as of December 31, 2018.
Net cash used in operating activities was $1.6 million, compared to $5.5 million used in the fourth quarter of 2017.
Free cash flow was $(3.1) million, compared to $(6.6) million in the fourth quarter of 2017.
Full Year 2018 Financial Highlights
Revenue was $267.4 million, representing a 42% increase year-over-year.
Calculated current billings was $326.1 million, representing a 38% increase year-over-year.
GAAP loss from operations was $72.6 million, compared to a loss of $40.8 million in 2017.
Non-GAAP loss from operations was $49.1 million, compared to a loss of $32.4 million in 2017.
GAAP net loss was $73.5 million, compared to a loss of $41.0 million in 2017.
GAAP net loss per share was $1.38, compared to a loss of $1.88 in 2017.
Non-GAAP net loss was $50.3 million, compared to a loss of $32.7 million in 2017.
Pro forma non-GAAP net loss per share was $0.59, compared to a loss per share of $0.42 in 2017.
Net cash used in operating activities was $2.6 million, compared to $6.3 million used in 2017.
Free cash flow was $(8.3) million, compared to $(9.0) million in 2017.
Fourth Quarter 2018 and Recent Business Highlights
Added 337 new logo enterprise platform customers and 66 net new six-figure customers, the largest addition of six-figure customers in Tenable history.
Released the Vulnerability Intelligence Report from Tenable Research, which identified that enterprises are triaging over 100 critical vulnerabilities every day, on average. This provides evidence that prioritization based solely on the industry standard common vulnerability scoring system (CVSS) leaves organizations unable to effectively and confidently focus on which vulnerabilities require immediate action.
Announced Predictive Prioritization, a novel innovation for both Tenable.sc™ and Tenable.io®, which is designed to enable organizations to focus on the vulnerabilities that will most likely be leveraged by threat actors and therefore pose the greatest business risk.
Integrated with the Amazon Web Services (AWS) Security Hub to provide users with a comprehensive view of their high-priority security alerts and compliance status by aggregating, organizing, and prioritizing alerts from multiple AWS services. Also announced that Tenable.io is now available on the AWS marketplace.
Released the “Measuring and Managing the Cyber Risks to Business Operations Report,” an independent study conducted by Ponemon Institute. It found that 60% of organizations globally had suffered two or more business-disrupting cyber events in the last 24 months, yet the inability to quantify the business cost of cyber risks leaves most boards of directors unable to prioritize their strategic response.
Financial Outlook
For the first quarter of 2019, we currently expect:
Revenue in the range of $77.5 million to $78.5 million.
Non-GAAP loss from operations in the range of $17.0 million to $16.0 million.
Non-GAAP net loss in the range of $18.0 million to $17.0 million.
Non-GAAP net loss per share in the range of $0.19 to $0.18, assuming 93.2 million weighted average shares outstanding.
For the year ending December 31, 2019, we currently expect:
Revenue in the range of $338.0 million to $343.0 million.
Calculated current billings in the range of $410.0 million to $415.0 million.
Non-GAAP loss from operations in the range of $60.0 million to $55.0 million.
Non-GAAP net loss in the range of $59.0 million to $54.0 million.
Non-GAAP net loss per share in the range of $0.62 to $0.57, assuming 95.1 million weighted average shares outstanding.
https://discussion.fool.com/tenable-4q-earnings-snapshot-columbi…
Thanks!
https://www.fool.com/earnings/call-transcripts/2019/02/05/te…