Business
Tenable Announces Second Quarter 2024 Financial Results
Revenue of $221.2 million, up 13% year-over-year.Calculated current billings of $221.1 million, up 10% year-over-year.GAAP operating margin of (4)%; Non-GAAP
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"Revenue of $221.2 million, up 13% year-over-year.Calculated current billings of $221.1 million, up 10% year-over-year.GAAP operating margin of (4)%; Non-GAAP operating margin of 19%.Net cash provided by operating activities of $31.4 million; Unlevered free cash flow of $36.5 million. COLUMBIA, Md., July 31, 2024 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. (\"Tenable\") (Nasdaq: TENB), the Exposure Management company, today announced financial results for the quarter ended June 30, 2024. \"We delivered better-than-expected revenue, operating income and unlevered cash flow in Q2,\" said Amit Yoran, Chairman and CEO of Tenable. \"Despite lower-than-expected CCB, we saw tremendous momentum in our newer products, specifically Tenable Cloud Security and Tenable One. As we have expanded our offerings, Tenable has become a trusted source of truth for understanding and managing exposure and risk.\" Second Quarter 2024 Financial Highlights Revenue was $221.2 million, a 13% increase year-over-year.Calculated current billings was $221.1 million, a 10% increase year-over-year.GAAP loss from operations was $8.8 million, compared to $10.7 million in the second quarter of 2023.Non-GAAP income from operations was $42.8 million, compared to $30.2 million in the second quarter of 2023.GAAP net loss was $14.6 million, compared to $16.0 million in the second quarter of 2023.GAAP net loss per share was $0.12, compared to $0.14 in the second quarter of 2023.Non-GAAP net income was $38.2 million, compared to $26.3 million in the second quarter of 2023.Non-GAAP diluted earnings per share was $0.31, compared to $0.22 in the second quarter of 2023.Cash and cash equivalents and short-term investments were $487.0 million at June 30, 2024, compared to $474.0 million at December 31, 2023.Net cash provided by operating activities was $31.4 million, compared to $30.2 million in the second quarter of 2023.Unlevered free cash flow was $36.5 million, compared to $39.8 million in the second quarter of 2023.Repurchased 0.6 million shares of our common stock for $25.0 million. Recent Business Highlights Added 408 new enterprise platform customers and 76 net new six-figure customers.Acquired Eureka Security, a provider of data security posture management (DSPM) for cloud environments, to provide a holistic view of an organization’s cloud data security footprint, to fig...