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Dec 31, 2019
Rapid7 Q4 2019 Earnings Report
Rapid7 announced strong fourth quarter and full-year results, with significant growth in ARR and revenue.
Key Takeaways
Rapid7 reported a strong Q4 2019, with ARR growing by 35% and revenue growth of 33%. The company exceeded its guidance and saw a 9-point improvement in non-GAAP operating margin.
ARR increased by 35% year-over-year to $338.7 million.
Fourth quarter revenue reached $91.6 million, with a 33% year-over-year growth.
Customer growth was reported at 16% year-over-year.
The company is guiding for a 2020 ARR year-over-year growth between 24% and 26%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Rapid7 anticipates annualized recurring revenue between $420.0 and $426.8 million, and revenue between $91.6 to $93.2 million for Q1 2020. For the full year 2020, revenue is expected to be between $396.0 to $404.0 million.
Positive Outlook
- Guiding 2020 ARR year-over-year growth between 24% to 26%.
- Guiding 2020 year-over-year revenue growth between 21% and 24%.
- Q1 2020 revenue is expected to be between $91.6 to $93.2 million
- Full-year 2020 revenue is expected to be between $396.0 to $404.0 million
- Non-GAAP income from operations between $7.0 to $11.0 million
Challenges Ahead
- First Quarter 2020 non-GAAP loss from operations between $(6.3) to $(5.3) million.
- First Quarter 2020 non-GAAP net loss per share between $(0.13) to $(0.11).
- Anticipated GAAP loss from operations $(20.8) to $(19.8) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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