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Okta
🇺🇸 NASDAQ:OKTA
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•
Jan 31, 2020

Okta Q4 2020 Earnings Report

Okta's Q4 2020 earnings report showcased strong growth and expansion.

Key Takeaways

Okta reported a strong fourth quarter with revenue growth of 45% year-over-year and subscription revenue growth of 46% year-over-year. The company's remaining performance obligations grew 66% year-over-year, and it achieved positive operating and free cash flows for the fiscal year 2020.

Total revenue was $167.3 million, an increase of 45% year-over-year.

Subscription revenue was $158.5 million, an increase of 46% year-over-year.

Remaining Performance Obligations (RPO) was $1.21 billion, an increase of 66% year-over-year.

Free cash flow was $18.1 million, compared to $4.8 million in the fourth quarter of fiscal 2019.

Total Revenue
$167M
Previous year: $115M
+44.9%
EPS
-$0.01
Previous year: -$0.04
-75.0%
RPO
$1.21B
Gross Profit
$123M
Cash and Equivalents
$520M
Free Cash Flow
$18.1M
Total Assets
$1.96B

Okta

Okta

Okta Revenue by Segment

Forward Guidance

For the first quarter of fiscal 2021, the Company expects total revenue of $171 million to $173 million, representing a growth rate of 37% to 38% year-over-year. Non-GAAP operating loss of $33.2 million to $32.2 million and Non-GAAP net loss per share of $0.24 to $0.23, assuming weighted shares outstanding of approximately 123 million. For the full year fiscal 2021, the Company expects total revenue of $770 million to $780 million, representing a growth rate of 31% to 33% year-over-year. Non-GAAP operating loss of $65.0 million to $57.0 million and Non-GAAP net loss per share of $0.42 to $0.37, assuming weighted shares outstanding of approximately 125 million

Positive Outlook

  • Total revenue of $171 million to $173 million, representing a growth rate of 37% to 38% year-over-year
  • Non-GAAP operating loss of $33.2 million to $32.2 million
  • Non-GAAP net loss per share of $0.24 to $0.23, assuming weighted shares outstanding of approximately 123 million
  • Total revenue of $770 million to $780 million, representing a growth rate of 31% to 33% year-over-year
  • Non-GAAP operating loss of $65.0 million to $57.0 million

Challenges Ahead

  • Non-GAAP operating loss of $33.2 million to $32.2 million
  • Non-GAAP net loss per share of $0.24 to $0.23
  • Non-GAAP operating loss of $65.0 million to $57.0 million
  • Non-GAAP net loss per share of $0.42 to $0.37
  • These statements are forward-looking and actual results may differ materially.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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