Rapid7, Inc. (RPD) Tops Q3 EPS by 2c, Beats on Revenues; Boosts FY17 EPS/Revenue Guidance

Rapid7, Inc. (NASDAQ: RPD) reported Q3 EPS of ($0.15), $0.02 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $50.5 million versus the consensus estimate of $49.83 million.

• Raises full year 2017 guidance

Third Quarter 2017 Financial Results

• Total revenue was $50.5 million, an increase of 25% year-over-year.
• Deferred revenue as of September 30, 2017 was $188.6 million, an increase of 26% year-over-year.
• Calculated billings were $58.7 million, an increase of 31% year-over-year.
• GAAP loss from operations was ($13.0) million, compared to GAAP loss from operations of ($10.2) million in the third quarter of 2016. For the third quarter of 2017, non-GAAP loss from operations was ($6.8) million, compared to non-GAAP loss from operations of ($5.3) million in the third quarter of 2016.
• Adjusted EBITDA was ($5.6) million in the third quarter of 2017, compared to an adjusted EBITDA of ($4.1) million in the third quarter of 2016.
• GAAP net loss was ($10.3) million or a GAAP loss per share of ($0.24), compared to a GAAP net loss of ($10.2) million or a GAAP loss per share of ($0.25) for the third quarter of 2016. Non-GAAP net loss was ($6.6) million or a non-GAAP net loss per share of ($0.15), compared to a non-GAAP net loss of ($5.2) million or a non-GAAP net loss per share of ($0.13) for the third quarter of 2016.
• Cash provided by operating activities was $5.7 million for the third quarter of 2017, compared to $1.8 million for the third quarter of 2016.

GUIDANCE:

Rapid7, Inc. sees FY2017 EPS of ($0.62)-($0.60), versus the consensus of ($0.62). Rapid7, Inc. sees FY2017 revenue of $197.1-198.5 million, versus the consensus of $196.83 million.

For earnings history and earnings-related data on Rapid7, Inc. (RPD) click here.

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