NYSE$PD

PagerDuty Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

PagerDuty started fiscal year 2021 with strong financial results.

PagerDuty reported a strong start to fiscal year 2021, with revenue increasing by 33% year-over-year to $49.8 million. The company's customer base grew to over 13,000, including 348 customers with annual recurring revenue exceeding $100,000, marking a 44% increase year-over-year.

  • Total revenue was $49.8 million, up 33% year-over-year.
  • PagerDuty had 13,060 customers as of April 30, 2020.
  • GAAP gross margin was 86.0%.
  • Cash and Cash Equivalents and Current Investments were $350.8 million as of April 30, 2020.

Headline financials

Total Revenue

$49.8M

Previous: $37.3M+33.4%
EPS (adj)

-$0.04

Previous: -$0.22+81.8%
Paid Customers

13.1K

No prior period
Capital Expenditures

-$2.71M

Previous: -$1.19M-128.0%
Free Cash Flow

-$14.2M

Previous: -$13.3M-6.9%
Net Income

-$11.5M

Previous: -$12.1M+5.0%
Operating Income

-$12.6M

Previous: -$12.7M+1.0%
Gross Profit

$42.8M

Previous: $31.8M+34.5%
Cash & Equivalents

$139M

No prior period
Total Assets

$466M

No prior period

Revenue & EPS history

PagerDuty · Revenue · Quarterly

$49.8M

Q1 2021+33.4%vs Q1 2020
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Forward guidance

For the second quarter of fiscal 2021, PagerDuty expects total revenue of $50.0 million - $51.0 million, representing a growth rate of 24% - 26% year-over-year and Non-GAAP net loss per share of $0.07 - $0.06 assuming approximately 79 million shares.

Tailwinds

  • Total revenue of $50.0 million - $51.0 million
  • Growth rate of 24% - 26% year-over-year
  • Non-GAAP net loss per share of $0.07 - $0.06
  • Approximately 79 million shares
  • Full fiscal year 2021, PagerDuty currently expects total revenue of $204.0 million - $213.0 million

Headwinds

  • Non-GAAP net loss per share of $0.07 - $0.06
  • Growth rate of 24% - 26% year-over-year
  • Full fiscal year 2021, PagerDuty currently expects total revenue of $204.0 million - $213.0 million
  • Non-GAAP net loss per share of $0.30 - $0.25
  • Approximately 79 million shares

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 Q1 2021

Historical avgQ1 2021

-1.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-0.1%

Avg return

30 days after

43%

12 / 28 earnings

Positive

+30.9%

Q4 2022

Best reaction

-29.1%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-3.0%-4.1%-21.2%
Q3 2026-23.5%-22.1%-13.3%
Q2 2026+6.2%+6.7%+2.8%
Q1 2026-11.3%-5.6%-5.4%
Q4 2025+17.7%+20.7%-0.9%
Q3 2025+1.7%+2.9%-11.3%
Q2 2025-8.6%-10.1%-10.9%
Q1 2025-2.4%-0.4%+18.0%
Q4 2024-9.1%-5.3%-5.4%
Q3 2024-1.2%-1.3%+5.2%
Q2 2024-7.3%-6.6%-12.3%
Q1 2024-15.5%-15.8%-17.4%
Q4 2023+14.7%+12.3%+19.4%
Q3 2023+6.4%+0.3%+19.4%
Q2 2023-9.7%-11.4%-11.4%
Q1 2023+2.4%+9.8%+0.1%
Q4 2022+30.9%+41.4%+31.6%
Q3 2022+17.9%+9.1%+0.1%
Q2 2022+8.2%+7.5%-3.4%
Q1 2022-15.9%-7.4%+0.4%
Q4 2021-8.3%+3.0%+3.2%
Q3 2021+19.1%+19.7%+21.6%
Q2 2021-29.1%-31.4%-24.6%
Q1 2021-7.2%-5.6%+6.0%
Q4 2020+23.4%+19.1%+40.0%
Q3 2020-15.0%-12.1%-5.0%
Q2 2020-14.6%-27.8%-27.2%
Q1 2020+2.8%+5.6%+0.2%
Q4 2019
Q3 2018
Q2 2018
Q1 2018
Q4 2017

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