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Sep 30, 2021
Tenable Q3 2021 Earnings Report
Tenable's Q3 2021 financial results were announced, demonstrating strong revenue growth and customer acquisition.
Key Takeaways
Tenable reported revenue of $138.7 million, a 23% increase year-over-year, and added 499 new enterprise platform customers. The company's calculated current billings reached $166.9 million, up 25% year-over-year. While GAAP loss from operations was $11.2 million, non-GAAP income from operations was $13.7 million. The company also completed the acquisition of Accurics, Inc.
Added 499 new enterprise platform customers and 62 net new six-figure customers.
Revenue reached $138.7 million, reflecting a 23% increase year-over-year.
Calculated current billings was $166.9 million, a 25% increase year-over-year.
Free cash flow was $18.5 million, compared to $16.7 million in the third quarter of 2020.
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 fourth quarter of 2021, Tenable expects revenue in the range of $143.0 million to $145.0 million and Non-GAAP income from operations in the range of $7.0 million to $8.0 million.
Positive Outlook
- Revenue in the range of $143.0 million to $145.0 million.
- Non-GAAP income from operations in the range of $7.0 million to $8.0 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.
- 116.5 million diluted weighted average shares outstanding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income