Business
Tenable Announces Second Quarter 2020 Financial Results
Added 341 new enterprise platform customers and 50 net new six-figure customersRevenue of $107.2 million, up 26% year-over-yearGAAP loss from operations of
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"Added 341 new enterprise platform customers and 50 net new six-figure customersRevenue of $107.2 million, up 26% year-over-yearGAAP loss from operations of $10.6 million; Non-GAAP income from operations of $5.7 millionNet cash provided by operating activities of $17.0 million; Free cash flow of $6.6 million COLUMBIA, Md., July 28, 2020 (GLOBE NEWSWIRE) -- Tenable (Nasdaq: TENB), the Cyber Exposure company, today announced financial results for the quarter ended June 30, 2020.\n \"Tenable delivered another successful quarter, including our first quarter of non-GAAP operating income as a public company, which was sooner than anticipated,” said Amit Yoran, Chairman and CEO of Tenable. “Our dedication to a best-of-breed strategy for vulnerability management continues to drive results. In a time when organizations' attack surfaces are expanding across more distributed workforces, accelerating cloud deployments and evolving OT environments, customers rely on our Cyber Exposure solutions to discover, measure and reduce their cyber risk.\" Second Quarter 2020 Financial Highlights Revenue was $107.2 million, representing a 26% increase year-over-year.Calculated current billings was $111.2 million, representing a 13% increase year-over-year.GAAP loss from operations was $10.6 million, compared to a loss of $22.2 million in the second quarter of 2019.Non-GAAP income from operations was $5.7 million, compared to a loss of $10.7 million in the second quarter of 2019.GAAP net loss was $12.0 million, compared to a loss of $21.6 million in the second quarter of 2019.GAAP net loss per share was $0.12, compared to a loss per share of $0.23 in the second quarter of 2019.Non-GAAP net income was $4.7 million, compared to a loss of $10.0 million in the second quarter of 2019.Non-GAAP diluted earnings per share was $0.04, compared to a loss per share of $0.10 in the second quarter of 2019.Cash and cash equivalents and short-term investments were $242.1 million at June 30, 2020, compared to $212.3 million at December 31, 2019.Net cash provided by operating activities was $17.0 million, compared to $2.1 million of net cash used in operating activities in the second quarter of 2019.Free cash flow was $6.6 million, compared to $(5.2) million in the second quarter of 2019. Recent Business Highlights Added 341 new enterprise platform customers and 50 net ne...