JFrog Q4 2022 Earnings Report
Key Takeaways
JFrog reported Q4 revenue of $76.5 million, a 29% year-over-year increase. The company's cloud revenue increased by 53% year-over-year. JFrog is seeing increased adoption of its Software Supply Chain Platform and Advanced Security features.
Total revenue equaled $76.5 million, up 29% year-over-year.
GAAP Gross Margin was 77.4%, while Non-GAAP Gross Margin was 83.7%.
Operating Cash Flow was $7.3 million, with Free Cash Flow of $6.4 million.
Customers adopting the complete JFrog Platform represented 43% of total revenue compared to 35% in the year ago period.
JFrog
JFrog
Forward Guidance
JFrog anticipates revenue between $78 million and $79 million and non-GAAP operating income between $1.5 million and $2.5 million for Q1 2023. They expect revenue between $340 million and $344 million and non-GAAP operating income between $17 million and $19 million for fiscal year 2023.
Positive Outlook
- Revenue between $78 million and $79 million.
- Non-GAAP operating income between $1.5 million and $2.5 million.
- Non-GAAP net income per diluted share between $0.03 and $0.05.
- Revenue between $340 million to $344 million.
- Non-GAAP operating income between $17 million and $19 million.