Samsara Inc IOT shares are trading higher by around 14% after it reported Q3 FY24 results.
The company reported revenue growth of 40% Y/Y to $237.5 million, beating the consensus of $224.7 million.
ARR of $1.003 billion represented 39% Y/Y growth. Samsara ended Q3 with 1,663 customers with ARR over $100,000, up 49% Y/Y.
Non-GAAP gross margin expanded 1ppt y/y to 75%. Non-GAAP operating margin stood at 5% vs. margin loss of (10)% a year ago.
Non-GAAP EPS of $0.04 beat the consensus of $0.01.
Samsara reported an adjusted free cash flow of $8.5 million. As of October 28, 2023, cash and cash equivalents stood at $208.1 million.
Outlook: Samsara sees Q4 revenue of $257 million – $259 million (vs. consensus $250.35 million) and non-GAAP EPS of $0.02 – $0.03 (vs. consensus $0.02).
Samsara raised the FY24 revenue outlook to $918 million – $920 million from $896 million-$900 million (vs. consensus $898.76 million) and non-GAAP EPS to $0.05 – $0.06 from $0.00-$0.02 (vs. consensus of $0.02).
Price Action: IOT shares are trading higher by 13.65% at $31.30 premarket on the last check Friday.
Photo Via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.