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Samsara | 8-K: Samsara Reports First Quarter Fiscal Year 2025 Financial Results

SEC ·  Jun 7, 2024 04:14

Summary by Futu AI

Samsara delivered strong Q1 FY2025 results with revenue reaching $280.7 million, up 37% YoY, while achieving its first non-GAAP operating profit of $6.2 million. The company's Annual Recurring Revenue grew to $1.176 billion, also up 37% YoY, with 1,964 customers contributing over $100,000 in ARR, representing 43% growth.The company demonstrated improved profitability metrics with non-GAAP gross margin expanding to 77% from 73% YoY, while GAAP operating loss narrowed to $66 million from $75.8 million. Operating cash flow strengthened to $23.7 million, with adjusted free cash flow of $18.6 million, marking significant improvement from negative $2.2 million in the prior year.Looking ahead, Samsara provided Q2 FY2025 guidance of $288-290 million in revenue, representing 31-32% growth, and full-year revenue guidance of $1.205-1.213 billion with expected non-GAAP operating margin of 3%. The company continues to focus on delivering ROI for customers while improving operational efficiency.
Samsara delivered strong Q1 FY2025 results with revenue reaching $280.7 million, up 37% YoY, while achieving its first non-GAAP operating profit of $6.2 million. The company's Annual Recurring Revenue grew to $1.176 billion, also up 37% YoY, with 1,964 customers contributing over $100,000 in ARR, representing 43% growth.The company demonstrated improved profitability metrics with non-GAAP gross margin expanding to 77% from 73% YoY, while GAAP operating loss narrowed to $66 million from $75.8 million. Operating cash flow strengthened to $23.7 million, with adjusted free cash flow of $18.6 million, marking significant improvement from negative $2.2 million in the prior year.Looking ahead, Samsara provided Q2 FY2025 guidance of $288-290 million in revenue, representing 31-32% growth, and full-year revenue guidance of $1.205-1.213 billion with expected non-GAAP operating margin of 3%. The company continues to focus on delivering ROI for customers while improving operational efficiency.

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