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Dec 31, 2022
Jamf Q4 2022 Earnings Report
Jamf's Q4 2022 financial results were announced, showcasing revenue growth and exceeding expectations for the eleventh consecutive quarter.
Key Takeaways
Jamf announced strong Q4 2022 results with a 26% increase in total revenue year-over-year, reaching $130.3 million. The company's ARR grew by 24% to $512.5 million as of December 31, 2022. Jamf will remain prudent with investments to ensure financial flexibility.
Total revenue increased by 26% year-over-year to $130.3 million.
ARR grew by 24% year-over-year to $512.5 million as of December 31, 2022.
GAAP gross profit was $99.9 million, representing 77% of total revenue.
GAAP operating loss was $24.7 million, or (19)% of total revenue.
Jamf
Jamf
Forward Guidance
For the first quarter of 2023, Jamf expects total revenue of $128.5 to $130.5 million and non-GAAP operating income of $3.0 to $4.0 million. For the full year 2023, Jamf expects total revenue of $559.0 to $563.0 million and non-GAAP operating income of $37.5 to $40.5 million.
Positive Outlook
- Expected total revenue of $128.5 to $130.5 million for Q1 2023.
- Expected non-GAAP operating income of $3.0 to $4.0 million for Q1 2023.
- Anticipated total revenue of $559.0 to $563.0 million for FY 2023.
- Projected non-GAAP operating income of $37.5 to $40.5 million for FY 2023.
- Amortization is expected to be approximately $10.6 million for Q1 2023 and $42.2 million for FY 2023.
Challenges Ahead
- Jamf is unable to provide a quantitative reconciliation of forward-looking guidance of non-GAAP operating income to GAAP operating income (loss).
- Certain items are out of Jamf’s control or cannot be reasonably predicted.
- These items have historically included acquisition-related expenses, acquisition-related earn-out, offering costs, amortization, and stock-based compensation and related payroll taxes.
- A reconciliation for forward-looking non-GAAP operating income is not available without unreasonable effort.
- Actual results may differ materially.