On June 6, 2024, Samsara Inc., a company specializing in the Connected Operations Cloud, reported its financial results for the first quarter of fiscal year 2025, which ended on May 4, 2024. The company announced a significant year-over-year growth, with Q1 revenue reaching $280.7 million, a 37% increase. The Annual Recurring Revenue (ARR) also saw a 37% rise to $1.176 billion. The number of customers with ARR over $100,000 grew by 43% year-over-year. Samsara's GAAP gross margin improved by 4 percentage points to 76%, and non-GAAP gross margin increased to 77%. The company reduced its GAAP operating loss from $75.8 million in the previous year to $66.0 million and reported a non-GAAP operating income of $6.2 million, a significant improvement from a non-GAAP operating loss of $19.0 million in the prior...Show More

On June 6, 2024, Samsara Inc., a company specializing in the Connected Operations Cloud, reported its financial results for the first quarter of fiscal year 2025, which ended on May 4, 2024. The company announced a significant year-over-year growth, with Q1 revenue reaching $280.7 million, a 37% increase. The Annual Recurring Revenue (ARR) also saw a 37% rise to $1.176 billion. The number of customers with ARR over $100,000 grew by 43% year-over-year. Samsara's GAAP gross margin improved by 4 percentage points to 76%, and non-GAAP gross margin increased to 77%. The company reduced its GAAP operating loss from $75.8 million in the previous year to $66.0 million and reported a non-GAAP operating income of $6.2 million, a significant improvement from a non-GAAP operating loss of $19.0 million in the prior year. Net cash provided by operating activities was $23.7 million, and adjusted free cash flow was $18.6 million. Samsara provided guidance for Q2 FY2025 with total revenue expected between $288 million and $290 million and a non-GAAP operating margin of -2%. For the full fiscal year 2025, the company anticipates total revenue between $1.205 billion and $1.213 billion, with a non-GAAP operating margin of 3% and non-GAAP net income per share between $0.13 and $0.15. The company will host an Investor Day on June 27, 2024, to provide further insights into its trajectory and the state of physical operations.