Business
Tenable Announces Second Quarter 2022 Financial Results
Added 540 new enterprise platform customers and 79 net new six-figure customers.Revenue of $164.3 million, up 26% year-over-year.Calculated current billings
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"Added 540 new enterprise platform customers and 79 net new six-figure customers.Revenue of $164.3 million, up 26% year-over-year.Calculated current billings of $174.1 million, up 27% year-over-year.GAAP loss from operations of $23.2 million; Non-GAAP income from operations of $12.2 million.Net cash provided by operating activities of $30.5 million; Unlevered free cash flow of $29.1 million. COLUMBIA, Md., July 26, 2022 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. (\"Tenable\") (Nasdaq: TENB), the Cyber Exposure Management company, today announced financial results for the quarter ended June 30, 2022. \"We are very pleased with results this quarter despite a difficult macro environment,” said Amit Yoran, Chairman and CEO of Tenable. “During the quarter, we saw strong customer demand through higher levels of new enterprise platform customer adds and an increasing number of net new six-figure customers. Our momentum in the first half of the year positions us well for continued success.\" Second Quarter 2022 Financial Highlights Revenue was $164.3 million, a 26% increase year-over-year.Calculated current billings was $174.1 million, a 27% increase year-over-year.GAAP loss from operations was $23.2 million, compared to a loss of $11.9 million in the second quarter of 2021.Non-GAAP income from operations was $12.2 million, compared to $11.5 million in the second quarter of 2021.GAAP net loss was $27.5 million, compared to a loss of $11.6 million in the second quarter of 2021.GAAP net loss per share was $0.25, compared to a loss per share of $0.11 in the second quarter of 2021.Non-GAAP net income was $6.0 million, compared to $10.2 million in the second quarter of 2021.Non-GAAP diluted earnings per share was $0.05, compared to $0.09 in the second quarter of 2021.Cash and cash equivalents and short-term investments were $510.9 million at June 30, 2022, compared to $512.3 million at December 31, 2021.Net cash provided by operating activities was $30.5 million, compared to $16.5 million in the second quarter of 2021.Unlevered free cash flow was $29.1 million, compared to $15.1 million in the second quarter of 2021. Recent Business Highlights Added 540 new enterprise platform customers and 79 net new six-figure customers.Completed the acquisition of Bit Discovery and launched Tenable.asm, enabling customers to continuously map the entire int...