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Samsara | 8-K: Samsara Reports Fourth Quarter and Full Fiscal Year 2024 Financial Results

SEC ·  Mar 8 05:17
Summary by Futu AI
On March 7, 2024, Samsara Inc., a company specializing in the Connected Operations Cloud, announced its financial results for the fourth quarter and the fiscal year ending February 3, 2024. The report highlighted a 48% year-over-year growth in Q4 revenue, reaching $276.3 million, and a 39% increase in annual recurring revenue (ARR) to $1.102 billion. The number of customers with ARR over $100,000 grew by 49% year-over-year. Samsara also reported its first year of positive adjusted free cash flow. For the fiscal year 2024, the company reported a 44% increase in total revenue to $937.4 million and a non-GAAP operating income of $1.3 million, marking a significant improvement from the previous year's loss. The company provided guidance for the first quarter and fiscal year 2025, expecting total revenue growth of 27% to 28% and a non-GAAP operating margin of 2%. The report was filed with the SEC and included a press release, financial statements, and a shareholder letter detailing the results and forward-looking statements.
On March 7, 2024, Samsara Inc., a company specializing in the Connected Operations Cloud, announced its financial results for the fourth quarter and the fiscal year ending February 3, 2024. The report highlighted a 48% year-over-year growth in Q4 revenue, reaching $276.3 million, and a 39% increase in annual recurring revenue (ARR) to $1.102 billion. The number of customers with ARR over $100,000 grew by 49% year-over-year. Samsara also reported its first year of positive adjusted free cash flow. For the fiscal year 2024, the company reported a 44% increase in total revenue to $937.4 million and a non-GAAP operating income of $1.3 million, marking a significant improvement from the previous year's loss. The company provided guidance for the first quarter and fiscal year 2025, expecting total revenue growth of 27% to 28% and a non-GAAP operating margin of 2%. The report was filed with the SEC and included a press release, financial statements, and a shareholder letter detailing the results and forward-looking statements.
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