Cognyte Software Ltd. · NASDAQ:CGNT
Cognyte Software — Investor Presentation (April 2024)
30 slides from Cognyte Software's investor presentation, April 2024
Slide 1: Global Leader in Investigative Analytics
GLOBAL LEADER IN INVESTIGATIVE ANALYTICS April 2024 Confidential Confidential and and proprietary proprietary information information of of Cognyte. Cognyte. 11
Slide 2: Disclaimers
DISCLAIMERS Forward Looking Statements This presentation contains "forward-looking statements," including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Cognyte Software Ltd. These forward-looking stateme
Slide 3: Cognyte Is Making the World Safer
COGNYTE IS MAKING THE WORLD SAFER By empowering organizations with our LAW NATIONAL unparalleled investigative analytics ENFORCEMENT INTELLIGENCE technology to identify threats, provide insights, and accelerate investigations and decision making NATIONAL SECURITY ~400 Customers Confidential and prop
Slide 4: Global Investigative Analytics Leader
GLOBAL INVESTIGATIVE 30 ~400 100+ 13 1,600+ Years of Customers Countries Global Employees ANALYTICS experience 3 years as an offices independent publicly LEADER traded company EMEA ~55% AMERICAS ~17% APAC ~28% *Regional Revenue % Confidential and proprietary information of Cognyte. All figures on th
Slide 5: A Platform with Growth Opportunities
A PLATFORM WITH GROWTH OPPORTUNITIES: VOLUME USE CASE FUNCTIONALITY Confidential and proprietary information of Cognyte. 5
Slide 6: Uniquely Designed for Our Customers' Data & Mission
Powerful data discovery capabilities UNIQUELY + Our AI-powered algorithms analyze numerous large and complex data sets to connect bits and DESIGNED FOR pieces of information and deliver insights to investigators OUR CUSTOMERS' + Generate previously unknown insights without needing to define the ques
Slide 7: Investigative Analytics Is More Crucial Than Ever
INVESTIGATIVE EXPONENTIAL EVER - ANALYTICS IS MORE DATA GROWTH INCREASING THREATS CRUCIAL THAN EVER IN VOLUMES AND DIVERSITY HIGHER TECHNOLOGY COMPLEXITY DISRUPTION Confidential and proprietary information of Cognyte. 7
Slide 8: Cutting Edge Technology
CUTTING EDGE TECHNOLOGY Strong competitive advantage and robust infrastructure for future innovation STATE OF THE ART ARCHITECTURE Flexible deployment & open interface ~300 Registered patents Cloud & on-prem PLUGGABLE MACHINE LEARNING ~800 R&D experts Enhances value to customers NO CODE DATA FUSION
Slide 9: AI – Accelerate Investigations' Speed, Accuracy and Success Rate
AI – ACCELERATE INVESTIGATIONS’ SPEED, ACCURACY AND SUCCESS RATE Leveraging the synergy of our AI research hub and deep domain expertise UNCOVERING MORE FASTER AND EFFECTIVE MORE USE HIDDEN INSIGHTS MORE EFFICIENT PREDICTION Uncovering connections and relations between entities, events Automated pro
Slide 10: Sanctions & Trade Compliance
Business is conducted in compliance with SANCTIONS & applicable economic and trade sanctions laws TRADE COMPLIANCE and regulations, such as those administered and enforced by: + State of Israel + U.S. Department of Treasury’s Office of Foreign Assets Control + U.S. Department of State + U.S. Departm
Slide 11: Growth & Profitability Momentum
Growth & Profitability Momentum Strong Execution* GROSS PROFIT GROWING PROFITABILITY IMPROVING REVENUE GROWTH FASTER THAN REVENUE ADJUSTED EBIDTA INCREASING $83.7 $57.8 $4.6 $4.3 $77.1 $79.4 $55.7 $73.4 $53.3 $2.3 $71.2 $50.2 $46.2 -$2.3 -$4.8 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FYE23 FYE24
Slide 12: Well Positioned for Future Growth
WELL POSITIONED FOR FUTURE GROWTH ADDRESSING LOYAL GLOBAL MANY USE CASES CUSTOMER BASE DIFFERENTIATED TECHNOLOGY DEEP DOMAIN OUR POWERED BY AI EXPERTISE PEOPLE Confidential and proprietary information of Cognyte. 12
Slide 13: Voice of Customers
LAW ENFORCEMENT IN THE US “We saved some lives today!” VOICE OF "Cutting edge solutions to meet National CUSTOMERS NATIONAL SECURITY IN LATIN AMERICA Security challenges within a service- minded approach." "The system allows for a considerable gain of time vs. the time it took to NATIONAL INTELLIGEN
Slide 14: Thank You
THANK YOU Confidential Confidential and and proprietary proprietary information information of of Cognyte. Cognyte. 14 14
Slide 15: Appendix
APPENDIX Confidential Confidential and and proprietary proprietary information information of of Cognyte. Cognyte. 15 15
Slide 16: Reconciliation of Non-GAAP to SIS Adjusted Non-GAAP
Reconciliation of Non-GAAP to SIS Adjusted Non-GAAP Three Months Ended Year Ended Three Months Ended Year ended ($ in millions) 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 Revenue Total non-GAAP revenue 86.7 81.3 71.5 73.6 313.1 73.4 77.1 79.
Slide 17: Summary metrics
Summary metrics Three Months Ended Year Ended Three Months Ended Year ended 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 GAAP to Non-GAAP Reconciliation ($ in millions, except share and per share data; shares in thousands) GAAP Non-GAAP GAAP N
Slide 18: Summary metrics – SIS Adjusted
Summary metrics – SIS Adjusted Three Months Ended Year Ended Three Months Ended Year Ended 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 SIS Adjusted SIS Adjusted SIS Adjusted SIS Adjusted SIS Adjusted ($ in millions, except share and per share
Slide 19: Revenue metrics
Revenue metrics Three Months Ended Year Ended Three Months Ended Year ended ($ in millions) 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 Software and software services revenue - GAAP 70.7 72.5 65.0 65.8 274.0 66.5 66.7 71.6 73.8 278.6 Professi
Slide 20: Constant currency metrics
Constant currency metrics Three Months Ended Year Ended Three Months Ended Year ended ($ in millions) 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 GAAP Revenue for the prior period ended $ 114.7 $ 116.0 $ 118.4 $ 125.0 $ 474.0 $ 86.4 $ 81.1 $
Slide 21: Operating expenses
Operating expenses Three Months Ended Year Ended Three Months Ended Year ended ($ in millions) 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 GAAP research and development, net $ 38.0 $ 38.5 $ 33.1 $ 30.7 $ 140.3 $ 27.7 $ 27.1 $ 25.4 $ 27.0 $ 10
Slide 22: Gross Profit
Gross Profit Three Months Ended Year Ended Three Months Ended Year ended ($ in millions) 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 Total GAAP gross profit $ 51.6 $ 51.4 $ 44.2 $ 44.8 $ 192.1 $ 49.8 $ 52.9 $ 55.3 $ 57.4 $ 215.4 Total GAAP gr
Slide 23: Operating and Adjusted EBITDA margins
Operating and Adjusted EBITDA margins Three Months Ended Year Ended Three Months Ended Year ended ($ in millions) 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 GAAP operating profit (loss) $ (30.0) $ (26.4) $ (26.0) $ (20.9) $ (103.3) $ (6.9) $
Slide 24: Other Income, Tax and Net Income
Other Income, Tax and Net Income Three Months Ended Year Ended Three Months Ended Year ended ($ in millions) 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 Other income (expense) reconciliation GAAP other income (expense), net $ 0.7 $ (1.0) $ 0.
Slide 25: EPS
EPS Three Months Ended Year Ended Three Months Ended Year ended (Shares in thousands) 4/30/2022 7/31/2022 10/31/2022 1/31/2023 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 1/31/2024 GAAP diluted net income (loss) per share attributable to Cognyte software Ltd. $ (0.45) $ (0.43) $ (0.41) $ (0.4
Slide 26: Footnotes
Footnotes (1) The actual cash tax paid, net of refunds, was $6.8 million and $2.4 million for the year and three months ended January 31, 2024, respectively and $11.3 million and $1.8 million for the year and three months ended January 31, 2023, respectively. (2) Revenue for the three months and yea
Slide 27: Supplemental information and non-GAAP measures
Supplemental information and non-GAAP measures Confidential and proprietary information of Cognyte. 27
Slide 28: Supplemental information and non-GAAP measures
Supplemental information and non-GAAP measures Confidential and proprietary information of Cognyte. 28
Slide 29: Supplemental information and non-GAAP measures
Supplemental information and non-GAAP measures Confidential and proprietary information of Cognyte. 29
Slide 30: Supplemental information and non-GAAP measures
Supplemental information and non-GAAP measures Confidential and proprietary information of Cognyte. 30
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