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Jun 30, 2020
Tenable Q2 2020 Earnings Report
Tenable delivered a successful quarter with revenue up 26% year-over-year and the first quarter of non-GAAP operating income as a public company.
Key Takeaways
Tenable announced its Q2 2020 financial results, reporting a revenue of $107.2 million, a 26% increase year-over-year. The company added 341 new enterprise platform customers. GAAP loss from operations was $10.6 million, while non-GAAP income from operations was $5.7 million. Net cash provided by operating activities was $17.0 million, and free cash flow was $6.6 million.
Added 341 new enterprise platform customers and 50 net new six-figure customers
Revenue of $107.2 million, up 26% year-over-year
GAAP loss from operations of $10.6 million; Non-GAAP income from operations of $5.7 million
Net cash provided by operating activities of $17.0 million; Free cash flow of $6.6 million
Tenable
Tenable
Tenable Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comPerpetual License & Maintenance Revenue
CapyFin.comProfessional Services & Other Revenue
CapyFin.com Forward Guidance
For the third quarter of 2020, Tenable expects revenue in the range of $108.0 million to $110.0 million, non-GAAP income from operations in the range of $3.0 million to $4.0 million, non-GAAP net income in the range of $2.0 million to $3.0 million, and non-GAAP diluted earnings per share in the range of $0.02 to $0.03.
Positive Outlook
- Revenue in the range of $108.0 million to $110.0 million.
- Non-GAAP income from operations in the range of $3.0 million to $4.0 million.
- Non-GAAP net income in the range of $2.0 million to $3.0 million.
- Non-GAAP diluted earnings per share in the range of $0.02 to $0.03.
- 111.0 million diluted weighted average shares outstanding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income