Loading...
•
Jan 31, 2023
SentinelOne Q4 2023 Earnings Report
SentinelOne's Q4 2023 financial results showcased strong growth and margin improvement, driven by enhanced execution and a robust competitive position.
Key Takeaways
SentinelOne's Q4 2023 results exceeded expectations, with revenue increasing by 92% year-over-year to $126.1 million and ARR growing by 88% to $548.7 million. The company's customer base also expanded significantly, reaching over 10,000 customers. Looking ahead, SentinelOne anticipates continued top-line growth and consistent margin improvement in fiscal year 2024.
Total revenue increased 92% year-over-year to $126.1 million.
Annualized recurring revenue (ARR) increased 88% year-over-year to $548.7 million.
Total customer count grew approximately 50% year-over-year, exceeding 10,000 customers.
GAAP gross margin was 68%, while non-GAAP gross margin reached 75%.
Forward Guidance
The company is providing guidance for the first quarter of fiscal year 2024 (ending April 30, 2023), and for the fiscal year 2024 (ending January 31, 2024).
Positive Outlook
- Revenue for Q1FY24 is expected to be $137 million.
- Revenue for full FY2024 is expected to be $631-640 million.
- Non-GAAP gross margin for Q1FY24 is expected to be 73.5%.
- Non-GAAP gross margin for full FY2024 is expected to be 73.5-74.5%.
- Non-GAAP operating margin for Q1FY24 is expected to be (41)%
Challenges Ahead
- Non-GAAP operating margin for full FY2024 is expected to be (29)-(25)%.
- Actual results may differ materially as a result of many factors.
- Guidance for non-GAAP financial measures excludes stock-based compensation expense.
- Guidance excludes employer payroll tax on employee stock transactions.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...