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Mar 31, 2022
Jamf Q1 2022 Earnings Report
Reported strong and balanced growth across the business, with continued demand for Apple products and a comprehensive platform for management and security.
Key Takeaways
Jamf announced its Q1 2022 financial results, reporting a 34% year-over-year increase in total revenue to $108.3 million and a 42% year-over-year growth in ARR to $436.5 million as of March 31, 2022.
Total revenue increased by 34% year-over-year to $108.3 million.
ARR grew by 42% year-over-year to $436.5 million as of March 31, 2022.
GAAP gross profit was $80.0 million, representing 74% of total revenue.
GAAP operating loss was $23.7 million, or (22)% of total revenue.
Jamf
Jamf
Jamf Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comServices Revenue
CapyFin.comLicense Revenue
CapyFin.com Forward Guidance
For the second quarter of 2022, Jamf expects total revenue of $112 to $114 million and non-GAAP operating income of $2 to $3 million. For the full year 2022, Jamf expects total revenue of $472 to $477 million and non-GAAP operating income of $19 to $22 million.
Positive Outlook
- Total revenue of $112 to $114 million is expected for Q2 2022.
- Non-GAAP operating income of $2 to $3 million is expected for Q2 2022.
- Total revenue of $472 to $477 million is expected for the full year 2022.
- Non-GAAP operating income of $19 to $22 million is expected for the full year 2022.
- Amortization is expected to be approximately $12.3 million for Q2 2022 and $47.9 million for the full year 2022.
Challenges Ahead
- Stock-based compensation and related payroll taxes are expected to be approximately $56.1 million for Q2 2022.
- Stock-based compensation and related payroll taxes are expected to be approximately $119.4 million for the full year 2022.
- Jamf is unable to provide a quantitative reconciliation of forward-looking guidance of non-GAAP operating income to GAAP operating income (loss).
- Actual results may differ materially from the forward-looking statements.
- Guidance excludes acquisition-related expenses and acquisition-related earn-out, offering costs, amortization and stock-based compensation and related payroll taxes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income