JFrog Ltd. (FROG) Tops Q1 EPS by 2c, provides guidance

JFrog Ltd. (NASDAQ: FROG) reported Q1 EPS of $0.16, $0.02 better than the analyst estimate of $0.14. Revenue for the quarter came in at $100.3 million versus the consensus estimate of $98.62 million.

GUIDANCE:

JFrog Ltd. sees Q2 2024 revenue of $103-104 million, versus the consensus of $103.1 million.
Non-GAAP operating income between $13 million and $14 million
Non-GAAP net income per diluted share between $0.13 and $0.15, versus the consensus of $0.14, assuming approximately 116 million weighted average diluted shares outstanding

Fiscal Year 2024 Outlook:

Revenue between $425.5 million to $429.5 million, versus the consensus of $426.9 million.
Non-GAAP operating income between $56 million and $58 million
Non-GAAP net income per diluted share between $0.59 and $0.61, versus the consensus of $0.60, assuming approximately 116 million weighted average diluted shares outstanding

For earnings history and earnings-related data on JFrog Ltd. (FROG) click here.

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