DA Davidson Reiterates Neutral Rating on Smartsheet Inc. (SMAR)
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Smartsheet (SMAR) Tops Q4 EPS by 3c, Revenues Beat; Offers Q1 EPS/Revenue Guidance Above Consensus, FY20 EPS Views Above Consensus
March 17, 2020 4:26 PM EDTSmartsheet (NYSE: SMAR) reported Q4 EPS of ($0.13), $0.03 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $78.5 million versus the consensus estimate of $77.67 million.
Fourth Quarter Fiscal 2020 Financial Highlights
Revenue: Total revenue was $78.5 million, an increase of 51% year over year. Subscription revenue was $71.1 million, an increase of 53% year over year. Professional services revenue was $7.5 million, an increase of 31% year over year.Operating Loss: GAAP operating loss was $30.1 million, or 38% of total revenue, compared to GAAP operating loss of $12.7 million, or 24% of total revenue, in the fourth quarter of fiscal... More