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Jan 31, 2023
Smartsheet Q4 2023 Earnings Report
Smartsheet's Q4 2023 financial results were announced, revealing revenue growth and positive free cash flow.
Key Takeaways
Smartsheet Inc. reported a 35% year-over-year increase in total revenue for Q4 2023, reaching $212.3 million. The company achieved positive free cash flow and non-GAAP operating income. Smartsheet issues FY24 free cash flow guidance of $110 million.
Total revenue grew 35% year-over-year to $212.3 million.
Non-GAAP operating income was $7.5 million, representing 4% of total revenue.
Free cash flow was $16.4 million.
Ended the year with cash, cash equivalents, and short-term investments of $456.4 million.
Revenue by Segment
Forward Guidance
For the first quarter of fiscal year 2024, Smartsheet expects total revenue of $213 million to $215 million, representing year-over-year growth of 27% to 28%, and non-GAAP operating income of $8 million to $10 million. For the full fiscal year 2024, the Company currently expects total revenue of $943 million to $948 million, representing year-over-year growth of 23% to 24%, non-GAAP operating income of $35 million to $45 million, and free cash flow of $110 million.
Positive Outlook
- Total revenue of $213 million to $215 million, representing year-over-year growth of 27% to 28%
- Non-GAAP operating income of $8 million to $10 million
- Non-GAAP net income per share of $0.08 to $0.09
- Total revenue of $943 million to $948 million, representing year-over-year growth of 23% to 24%
- Free cash flow of $110 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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