Loading...
•
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.
Revenue by Segment
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).
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...