Loading...
•
Apr 30, 2022
HashiCorp Q1 2023 Earnings Report
Reported solid financial results with revenue growth and increased customer base.
Key Takeaways
HashiCorp announced its Q1 2023 financial results, reporting a 51% year-over-year revenue increase to $100.9 million. The company also saw growth in its customer base, ending the quarter with 3,240 customers and a net dollar retention rate of 133%.
Total revenue reached $100.9 million, a 51% increase year-over-year.
Trailing four quarter average Net Dollar Retention rate was 133%.
Total GAAP RPO was $433.9 million, up 51% year-over-year.
Added 525 new customers in the first quarter, totaling 3,240 customers.
Revenue by Segment
Forward Guidance
For the second quarter of fiscal year 2023, HashiCorp expects total revenue between $101 and $103 million, a non-GAAP operating loss between $59 and $56 million, and a non-GAAP EPS loss between $0.32 and $0.30. For the full fiscal year 2023, the company expects total revenue between $422 and $432 million, a non-GAAP operating loss between $224 and $216 million, and a non-GAAP EPS loss between $1.19 and $1.15.
Positive Outlook
- Total revenue of $101 - $103 million is expected for Q2 2023.
- Weighted Average Fully Diluted Shares of 184.3 million is expected for Q2 2023.
- Total revenue of $422 - $432 million is expected for fiscal year 2023.
- Non-GAAP operating loss of $224 - $216 million is expected for fiscal year 2023.
- Weighted Average Fully Diluted Shares of 184.9 million is expected for fiscal year 2023.
Challenges Ahead
- Non-GAAP operating loss of $59 - $56 million is expected for Q2 2023.
- Non-GAAP EPS loss of $0.32 - $0.30 is expected for Q2 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...