NYSE$S

SentinelOne Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

SentinelOne's Q2 2022 financial results showcased strong revenue growth and ARR increase.

SentinelOne announced strong Q2 2022 financial results, with revenue increasing by 121% year-over-year and ARR growing by 127% year-over-year. The company's total customer count grew by more than 75% year-over-year, and customers with ARR over $100K grew by 140% year-over-year. However, GAAP loss from operations was $67.2 million, compared to $22.6 million for the same period of fiscal year 2021.

  • Total revenue was $45.8 million, a 121% increase compared to the same period last year.
  • ARR increased 127% year-over-year to $198.0 million.
  • Total customer count grew more than 75% year-over-year to over 5,400 customers.
  • Customers with ARR over $100K grew 140% year-over-year to over 345.

Headline financials

Total Revenue

$45.8M

Previous: $38.6M+18.4%
EPS (adj)

-$0.38

Previous: -$1.45+73.8%
Annualized Recurring Revenue

$198M

Previous: $87.2M+127.0%
Customers with ARR of $100,000 or more

345

Previous: 143.75+140.0%
Capital Expenditures

-$1.69M

Previous: $401K-520.2%
Free Cash Flow

-$69.8M

Previous: -$25.9M-169.6%
Net Income

-$68.2M

Previous: -$22.9M-197.2%
Operating Income

-$67.2M

Previous: -$22.6M-197.7%
Gross Profit

$27M

Previous: $13.1M+105.3%
Cash & Equivalents

$1.68B

Previous: $174M+870.1%
Total Assets

$1.98B

No prior period
Stock-Based Comp

$21.4M

Previous: $5.24M+308.3%

Revenue & EPS history

SentinelOne · Revenue · Quarterly

$45.8M

Q2 2022+18.4%vs Q2 2021
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Forward guidance

The company provided guidance for Q3 FY22 and full year FY22.

Tailwinds

  • Revenue for Q3 FY22 is expected to be $49-50 million.
  • Revenue for full year FY22 is expected to be $188-190 million.
  • Non-GAAP gross margin for Q3 FY22 is expected to be 58-59%.
  • Non-GAAP gross margin for full year FY22 is expected to be 58-60%.
  • Non-GAAP operating margin for full year FY22 is expected to be (104)-(99)%.

Headwinds

  • Non-GAAP operating margin for Q3 FY22 is expected to be (99)-(96)%.
  • These statements are forward-looking and actual results may differ materially as a result of many factors.
  • Guidance for non-GAAP financial measures excludes stock-based compensation expense and amortization expense of acquired intangible assets.
  • A reconciliation of non-GAAP gross margin and non-GAAP operating margin is not available without unreasonable effort.
  • Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties.

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 Q2 2022

Historical avgQ2 2022

-2.7%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-6.5%

Avg return

30 days after

42%

10 / 24 earnings

Positive

+18.6%

Q4 2022

Best reaction

-37.1%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+5.5%+4.4%-13.4%
Q3 2026-14.4%-10.2%-13.7%
Q2 2026+7.2%+2.3%+3.1%
Q1 2026-11.5%-7.7%-9.3%
Q4 2025-5.5%+0.4%-8.9%
Q3 2025-9.7%-10.5%-17.2%
Q2 2025-1.8%-5.3%-3.7%
Q1 2025-18.8%-16.9%+1.6%
Q4 2024-16.7%-17.1%-22.3%
Q3 2024+15.2%+18.6%+16.1%
Q2 2024+5.7%+9.9%+3.6%
Q1 2024-37.1%-36.0%-29.4%
Q4 2023+11.3%+8.0%+25.6%
Q3 2023-2.0%+7.9%-6.9%
Q2 2023-7.8%-9.3%-8.3%
Q1 2023+5.8%-3.0%-1.3%
Q1 2022+5.8%-3.0%-1.3%
Q4 2020-4.0%-4.0%-26.3%
Q4 2022+18.6%+37.3%+25.6%
Q3 2021+3.5%-4.4%-8.8%
Q3 2022+8.0%+11.8%-3.7%
Q4 2021-7.6%+2.2%-17.2%
Q2 2021-7.6%+2.2%-17.2%
Q2 2022-7.0%-14.1%-23.0%
Q1 2021
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014

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