Tenable Holdings, Inc. (TENB) Tops Q4 EPS by 3c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Below Consensus

Tenable Holdings, Inc. (NASDAQ: TENB) reported Q4 EPS of ($0.12), $0.03 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $75.6 million versus the consensus estimate of $72.6 million.

“The fourth quarter was a great finish to 2018, with full year revenue growth of 42% year-over-year," said Amit Yoran, Chairman and CEO of Tenable. “Digital transformation continues to elevate the importance of and investment in Cyber Exposure. Understanding and reducing Cyber Exposure remains a strategic C-suite and Board level issue and enterprise organizations are increasingly recognizing Tenable as a strategic and foundational component of this effort.”

Fourth Quarter 2018 Financial Highlights

• Revenue was $75.2 million, representing a 39% increase year-over-year.
• Calculated current billings was $97.3 million, representing a 36% increase year-over-year.
• GAAP loss from operations was $19.6 million, compared to a loss of $11.6 million in the fourth quarter of 2017.
• Non-GAAP loss from operations was $10.8 million, compared to a loss of $9.2 million in the fourth quarter of 2017.
• GAAP net loss was $19.6 million, compared to a loss of $11.7 million in the fourth quarter of 2017.
• GAAP net loss per share was $0.21, compared to a loss of $0.52 in the fourth quarter of 2017.
• Non-GAAP net loss was $10.9 million, compared to a loss of $9.3 million in the fourth quarter of 2017.
• Pro forma non-GAAP net loss per share was $0.12, compared to a loss per share of $0.12 in the fourth quarter of 2017.
• Cash and cash equivalents and short-term investments were $283.2 million as of December 31, 2018.
• Net cash used in operating activities was $1.6 million, compared to $5.5 million used in the fourth quarter of 2017.
• Free cash flow was $(3.1) million, compared to $(6.6) million in the fourth quarter of 2017.

GUIDANCE:

Tenable Holdings, Inc. sees FY2019 EPS of ($0.62)-($0.57), versus the consensus of ($0.63). Tenable Holdings, Inc. sees FY2019 revenue of $338-343 million, versus the consensus of $264.82 million.

For earnings history and earnings-related data on Tenable Holdings, Inc. (TENB) click here.

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