Business
Tenable Announces Second Quarter 2023 Financial Results
Added 426 new enterprise platform customers and 63 net new six-figure customers.Revenue of $195.0 million, up 19% year-over-year.Calculated current billings
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"Added 426 new enterprise platform customers and 63 net new six-figure customers.Revenue of $195.0 million, up 19% year-over-year.Calculated current billings of $200.2 million, up 15% year-over-year.Net cash provided by operating activities of $30.2 million; Unlevered free cash flow of $39.8 million. COLUMBIA, Md., July 25, 2023 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. (\"Tenable\") (Nasdaq: TENB), the Exposure Management company, today announced financial results for the quarter ended June 30, 2023. \"We are very pleased with our Q2 results, which included better than expected top-line growth and a sizable beat in earnings,\" said Amit Yoran, Chairman and CEO of Tenable. \"Our traction with Tenable One strategically positions us to win in the exposure management market as we help customers protect their organizations and consolidate their security spend.\" Second Quarter 2023 Financial Highlights Revenue was $195.0 million, a 19% increase year-over-year.Calculated current billings was $200.2 million, a 15% increase year-over-year.GAAP loss from operations was $10.7 million, compared to a loss of $23.2 million in the second quarter of 2022.Non-GAAP income from operations was $30.2 million, compared to $12.2 million in the second quarter of 2022.GAAP net loss was $16.0 million, compared to a loss of $27.5 million in the second quarter of 2022.GAAP net loss per share was $0.14, compared to a loss per share of $0.25 in the second quarter of 2022.Non-GAAP net income was $26.3 million, compared to $6.0 million in the second quarter of 2022.Non-GAAP diluted earnings per share was $0.22, compared to $0.05 in the second quarter of 2022.Cash and cash equivalents and short-term investments were $645.5 million at June 30, 2023, compared to $567.4 million at December 31, 2022.Net cash provided by operating activities was $30.2 million, compared to $30.5 million in the second quarter of 2022.Unlevered free cash flow was $39.8 million, compared to $29.1 million in the second quarter of 2022. Recent Business Highlights Added 426 new enterprise platform customers and 63 net new six-figure customers.Launched new AI-fueled identity security into our Exposure Management Platform.Integrated Tenable Security Center into Tenable One to support on-premises and hybrid security deployments.Released new Tenable Cloud Security features that deliver autom...