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Dec 31, 2019
Tenable Q4 2019 Earnings Report
Tenable's Q4 2019 financial results were announced, showing revenue growth and strategic advancements.
Key Takeaways
Tenable's Q4 2019 revenue reached $97.0 million, a 29% increase year-over-year, with calculated current billings at $125.0 million, up 28% year-over-year. The company added 461 new enterprise platform customers. However, the GAAP net loss was $38.3 million, or $0.39 per share.
Revenue increased by 29% year-over-year, reaching $97.0 million.
Calculated current billings grew by 28% year-over-year, totaling $125.0 million.
461 new enterprise platform customers were added.
Acquisition of Indegy extended operational technology expertise.
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 Q1 2020, Tenable anticipates revenue between $100.0 million and $101.0 million, with a non-GAAP loss per share between $0.19 and $0.18. For the full year 2020, revenue is projected to be between $435.0 million and $440.0 million, with calculated current billings between $500.0 million and $510.0 million.
Positive Outlook
- Revenue in the range of $100.0 million to $101.0 million for Q1 2020.
- Non-GAAP loss from operations in the range of $18.0 million to $17.0 million for Q1 2020.
- Non-GAAP net loss in the range of $19.0 million to $18.0 million for Q1 2020.
- Revenue in the range of $435.0 million to $440.0 million for the year ending December 31, 2020.
- Calculated current billings in the range of $500.0 million to $510.0 million for the year ending December 31, 2020.
Challenges Ahead
- Non-GAAP loss from operations in the range of $38.0 million to $33.0 million for the year ending December 31, 2020.
- Non-GAAP net loss in the range of $41.0 million to $36.0 million for the year ending December 31, 2020.
- Non-GAAP net loss per share in the range of $0.19 to $0.18 for Q1 2020.
- Non-GAAP net loss per share in the range of $0.41 to $0.36 for the year ending December 31, 2020.
- Loss from operations $(31.6) million to $(30.6) million for Q1 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income