NYSE$ESTC

Elastic NV · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong third quarter fiscal 2022 financial results.

Elastic announced strong Q3 fiscal 2022 results, with total revenue up 43% year-over-year to $223.9 million and Elastic Cloud revenue up 79% year-over-year to $80.4 million.

  • Total revenue was $223.9 million, an increase of 43% year-over-year.
  • Elastic Cloud revenue was $80.4 million, an increase of 79% year-over-year.
  • GAAP operating loss was $45.8 million; GAAP operating margin was -20%.
  • Non-GAAP operating profit was $0.2 million; non-GAAP operating margin was 0%.

Headline financials

Total Revenue

$224M

Previous: $157M+42.5%
EPS (adj)

-$0.12

Previous: -$0.04-200.0%
Capital Expenditures

-$987K

Previous: -$2.73M+63.9%
Free Cash Flow

$7.74M

Previous: $21.4M-63.8%
Net Income

-$56.7M

Previous: -$38M-49.4%
Operating Income

-$45.8M

Previous: -$34.5M-33.0%
Gross Profit

$163M

Previous: $115M+41.3%
Cash & Equivalents

$864M

Previous: $393M+119.9%
Total Assets

$1.56B

Previous: $900M+73.3%

Revenue & EPS history

Elastic · Revenue · Quarterly

$224M

Q3 2022+42.5%vs Q3 2021
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Elastic · $224M total across 3 segments · Q3 2022

  • Other Subscription
    $129M+26.3%
  • Elastic Cloud
    $80.4M+79.0%
  • Services
    $14.3M+45.2%

Forward guidance

For the fourth quarter of fiscal 2022 (ending April 30, 2022): •Total revenue is expected to be between $230 million and $232 million •Non-GAAP operating margin is expected to be between -5.5% and -4.5% •Non-GAAP net loss per share is expected to be between $0.24 and $0.20, assuming between 93.1 million and 94.1 million weighted average ordinary shares outstanding

Tailwinds

  • Total revenue is expected to be between $230 million and $232 million
  • Non-GAAP operating margin is expected to be between -5.5% and -4.5%
  • Non-GAAP net loss per share is expected to be between $0.24 and $0.20
  • Revenue guidance provided
  • Operating margin guidance provided

Headwinds

  • Non-GAAP operating margin is expected to be between -5.5% and -4.5%
  • Non-GAAP net loss per share is expected to be between $0.24 and $0.20
  • Operating margin is negative
  • Net loss per share is negative
  • No positives besides guidance numbers

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.6%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-2.5%

Avg return

30 days after

42%

13 / 31 earnings

Positive

+38.4%

Q2 2024

Best reaction

-26.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+12.6%+11.5%
Q3 2026-15.4%-15.8%-21.2%
Q2 2026-15.6%-14.8%-6.9%
Q1 2026-3.1%-1.7%-2.1%
Q4 2025-12.1%-8.9%-10.1%
Q3 2025+14.9%+8.2%-9.5%
Q2 2025+22.0%+25.9%+17.0%
Q1 2025-26.0%-28.9%-24.9%
Q4 2024+1.7%+0.7%+11.3%
Q3 2024-9.8%-16.4%-22.7%
Q2 2024+38.4%+45.2%+41.5%
Q1 2024+22.2%+23.5%+33.7%
Q4 2023-0.7%-1.9%-11.9%
Q3 2023+10.7%+6.3%+0.3%
Q2 2023-3.1%-11.3%-12.7%
Q1 2023-0.2%+1.9%-18.1%
Q4 2022+19.4%+20.2%+15.5%
Q3 2022-6.8%-11.2%+8.0%
Q2 2022-23.9%-28.9%-20.8%
Q1 2022-3.4%+0.3%+4.9%
Q4 2021+9.7%+12.0%+23.8%
Q3 2021-14.0%-5.3%-27.5%
Q2 2021+11.8%+17.1%+21.0%
Q1 2021+6.5%+4.1%+2.0%
Q4 2020-3.3%-7.4%+6.6%
Q3 2020+8.7%+10.0%-18.9%
Q2 2020-17.4%-19.9%-15.0%
Q1 2020+11.5%+10.4%+4.2%
Q4 2019-1.7%-2.7%-3.9%
Q3 2019-6.9%-7.3%-17.8%
Q2 2019-8.1%-15.7%-21.9%
Q1 2019
Q4 2018
Q3 2017
Q2 2017
Q1 2017

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