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Dec 31, 2020
Tenable Q4 2020 Earnings Report
Tenable's Q4 2020 financial results were announced, showing revenue growth and increased customer acquisition.
Key Takeaways
Tenable reported a revenue of $118.1 million for Q4 2020, a 22% increase year-over-year. The company added 460 new enterprise platform customers and 66 net new six-figure enterprise platform customers during the quarter. GAAP loss from operations was $0.7 million, while non-GAAP income from operations was $15.4 million. Free cash flow was $16.7 million for the quarter.
Revenue increased by 22% year-over-year, reaching $118.1 million.
Added 460 new enterprise platform customers.
GAAP loss from operations was $0.7 million, while non-GAAP income from operations was $15.4 million.
Free cash flow was $16.7 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
Tenable provided financial outlook for Q1 2021 and full year 2021.
Positive Outlook
- Q1 2021 revenue is expected to be in the range of $118.0 million to $120.0 million.
- Q1 2021 non-GAAP income from operations is expected to be in the range of $7.0 million to $9.0 million.
- Q1 2021 non-GAAP net income is expected to be in the range of $5.0 million to $7.0 million.
- Q1 2021 non-GAAP diluted earnings per share is expected to be in the range of $0.04 to $0.06.
- Full year 2021 revenue is expected to be in the range of $510.0 million to $515.0 million.
Challenges Ahead
- Q1 2021 non-GAAP net income assumes a provision for income taxes of $1.5 million.
- Q1 2021 expects 115.0 million diluted weighted average shares outstanding.
- Full year 2021 calculated current billings are expected to be in the range of $565.0 million to $575.0 million.
- Full year 2021 non-GAAP income from operations is expected to be in the range of $40.0 million to $45.0 million.
- Full year 2021 non-GAAP net income is expected to be in the range of $30.0 million to $35.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income