Business
Tenable Announces Fourth Quarter and Full Year 2019 Financial Results
Fourth quarter revenue of $97.0 million, up 29% year-over-year.Fourth quarter calculated current billings was $125.0 million, representing a 28% increase
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"Fourth quarter revenue of $97.0 million, up 29% year-over-year.Fourth quarter calculated current billings was $125.0 million, representing a 28% increase year-over-year.Added 461 new enterprise platform customers and 52 net new six-figure enterprise platform customers in the fourth quarter.Full year revenue of $354.6 million, up 33% year-over-year. COLUMBIA, Md., Feb. 04, 2020 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. (“Tenable”) (Nasdaq: TENB), the Cyber Exposure company, today announced financial results for the quarter and year ended December 31, 2019.\n “Q4 marked an end to a successful year,” said Amit Yoran, Chairman and CEO of Tenable. \"We made great progress in the execution of our broader Cyber Exposure strategy with enhancements across our product portfolio and the launch of Lumin. We believe our investments in breadth of coverage, depth of analytics, prioritization and data science provide momentum heading into 2020 and will help us continue to transform how organizations manage and measure cyber risk.\" Fourth Quarter 2019 Financial Highlights Revenue was $97.0 million, representing a 29% increase year-over-year.Calculated current billings was $125.0 million, representing a 28% increase year-over-year.GAAP loss from operations was $27.6 million, compared to a loss of $19.6 million in the fourth quarter of 2018.Non-GAAP loss from operations was $11.1 million, compared to a loss of $10.8 million in the fourth quarter of 2018.GAAP net loss was $38.3 million, compared to a loss of $19.6 million in the fourth quarter of 2018.GAAP net loss per share was $0.39, compared to a loss of $0.21 in the fourth quarter of 2018.Non-GAAP net loss was $11.1 million, compared to a loss of $10.9 million in the fourth quarter of 2018.Pro forma non-GAAP net loss per share was $0.11, compared to a loss per share of $0.12 in the fourth quarter of 2018.Net cash used in operating activities was $3.1 million, compared to $1.6 million in the fourth quarter of 2018.Free cash flow was $(13.5) million, compared to $(3.1) million in the fourth quarter of 2018. Free cash flow in the fourth quarter of 2019 included $13.1 million of non-recurring payments related to the Indegy acquisition, $9.0 million of capital expenditures for our new headquarters, and a $3.8 million benefit related to employee stock purchase plan activity. Free cash flow in the f...