Business
Tenable Announces First Quarter 2022 Financial Results
Added 459 new enterprise platform customers and 17 net new six-figure customers.Revenue of $159.4 million, up 29% year-over-year.Calculated current billings
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"Added 459 new enterprise platform customers and 17 net new six-figure customers.Revenue of $159.4 million, up 29% year-over-year.Calculated current billings of $156.5 million, up 31% year-over-year.GAAP loss from operations of $17.5 million; Non-GAAP income from operations of $12.5 million.Net cash provided by operating activities of $32.9 million; Unlevered free cash flow of $32.1 million. COLUMBIA, Md., April 26, 2022 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. (\"Tenable\") (Nasdaq: TENB), the Cyber Exposure company, today announced financial results for the quarter ended March 31, 2022. \"We delivered outstanding results in the first quarter highlighted by accelerating top line growth, strong profitability and continued investment in innovation and new product capabilities,\" said Amit Yoran, Chairman and CEO of Tenable. \"As our customers move toward more complex workloads in the cloud, they demand a cloud security program that effectively identifies, prioritizes and mitigates cyber exposure. We see a significant market opportunity ahead as we deepen our cyber exposure platform investments around identity, cloud, attack surface management, attack path analysis and other compelling analytics.\" First Quarter 2022 Financial Highlights Revenue was $159.4 million, a 29% increase year-over-year.Calculated current billings was $156.5 million, a 31% increase year-over-year.GAAP loss from operations was $17.5 million, compared to a loss of $5.8 million in the first quarter of 2021.Non-GAAP income from operations was $12.5 million, compared to $13.9 million in the first quarter of 2021.GAAP net loss was $24.5 million, compared to a loss of $7.7 million in the first quarter of 2021.GAAP net loss per share was $0.22, compared to a loss per share of $0.07 in the first quarter of 2021.Non-GAAP net income was $7.0 million, compared to $14.7 million in the first quarter of 2021.Non-GAAP diluted earnings per share was $0.06, compared to $0.13 in the first quarter of 2021.Cash and cash equivalents and short-term investments were $526.1 million at March 31, 2022, compared to $512.3 million at December 31, 2021.Net cash provided by operating activities was $32.9 million, compared to $38.6 million in the first quarter of 2021.Unlevered free cash flow was $32.1 million, compared to $37.6 million in the first quarter of 2021. Recent Business High...