Business
Tenable Announces Third Quarter 2020 Financial Results
Added 335 new enterprise platform customers and 56 net new six-figure customersRevenue of $112.3 million, up 22% year-over-yearGAAP loss from operations of
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"Added 335 new enterprise platform customers and 56 net new six-figure customersRevenue of $112.3 million, up 22% year-over-yearGAAP loss from operations of $3.5 million; Non-GAAP income from operations of $12.4 millionNet cash provided by operating activities of $24.8 million; Free cash flow of $16.7 million COLUMBIA, Md., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Tenable (Nasdaq: TENB), the Cyber Exposure company, today announced financial results for the quarter ended September 30, 2020.\n “We are pleased with our results for the quarter which includes attractive topline growth and expanding operating and free cash flow margins,” said Amit Yoran, Chairman and CEO of Tenable. “Remote work models have accelerated digital transformation and cloud adoption and organizations are increasingly relying on Tenable to secure these dynamic, modern environments. Tenable is helping customers invest in the cloud confidently and securely, empowering them to take a unified, risk-based approach to vulnerability management.” Third Quarter 2020 Financial Highlights Revenue was $112.3 million, representing a 22% increase year-over-year.Calculated current billings was $133.7 million, representing a 21% increase year-over-year.GAAP loss from operations was $3.5 million, compared to a loss of $18.3 million in the third quarter of 2019.Non-GAAP income from operations was $12.4 million, compared to a loss of $7.7 million in the third quarter of 2019.GAAP net loss was $5.9 million, compared to a loss of $17.6 million in the third quarter of 2019.GAAP net loss per share was $0.06, compared to a loss per share of $0.18 in the third quarter of 2019.Non-GAAP net income was $10.5 million, compared to a loss of $6.7 million in the third quarter of 2019.Non-GAAP diluted earnings per share was $0.09, compared to a loss per share of $0.07 in the third quarter of 2019.Cash and cash equivalents and short-term investments were $269.1 million at September 30, 2020, compared to $212.3 million at December 31, 2019.Net cash provided by operating activities was $24.8 million, compared to $4.7 million of net cash used in operating activities in the third quarter of 2019.Free cash flow was $16.7 million, compared to $(9.6) million in the third quarter of 2019. Recent Business Highlights Added 335 new enterprise platform customers and 56 net new six-figure customers.Unveiled Fric...