Business
Tenable Announces Third Quarter 2021 Financial Results
Added 499 new enterprise platform customers and 62 net new six-figure customersRevenue of $138.7 million, up 23% year-over-yearGAAP loss from operations of
About this update from Tenable Holdings, Inc.
[{"type":"text","content":"Added 499 new enterprise platform customers and 62 net new six-figure customersRevenue of $138.7 million, up 23% year-over-yearGAAP loss from operations of $11.2 million; Non-GAAP income from operations of $13.7 millionNet cash provided by operating activities of $19.6 million; Free cash flow of $18.5 million COLUMBIA, Md., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Tenable (Nasdaq: TENB), the Cyber Exposure company, today announced financial results for the quarter ended September 30, 2021. \"We delivered outstanding top- and bottom-line results driven by unprecedented demand for our enterprise offerings, as we added a record number of new enterprise platform customers in the quarter,\" said Amit Yoran, Chairman and CEO of Tenable. \"As the ongoing shift to the cloud and understanding cyber risk more broadly continue to be top priorities for enterprises, so does demand for our security solutions. Our recent acquisition of Accurics, coupled with our existing capabilities around cloud, Active Directory and operational technologies provide our customers with a holistic view of risk across their attack surface.\" Third Quarter 2021 Financial Highlights Revenue was $138.7 million, a 23% increase year-over-year.Calculated current billings was $166.9 million, a 25% increase year-over-year.GAAP loss from operations was $11.2 million, compared to a loss of $3.5 million in the third quarter of 2020.Non-GAAP income from operations was $13.7 million, compared to $12.4 million in the third quarter of 2020.GAAP net loss was $16.2 million, compared to a loss of $5.9 million in the third quarter of 2020.GAAP net loss per share was $0.15, compared to a loss per share of $0.06 in the third quarter of 2020.Non-GAAP net income was $8.1 million, compared to $10.5 million in the third quarter of 2020.Non-GAAP diluted earnings per share was $0.07, compared to $0.09 in the third quarter of 2020.Cash and cash equivalents and short-term investments were $651.9 million at September 30, 2021, which included $365.7 million of net proceeds from our credit facility, compared to $291.8 million at December 31, 2020.Net cash provided by operating activities was $19.6 million, compared to $24.8 million in the third quarter of 2020.Free cash flow was $18.5 million, compared to $16.7 million in the third quarter of 2020. Recent Business Highlights Added 499 new enterprise ...