$IOT Samsara reported earnings
Q2 FY2025 results ended on August 3rd, 2024
- Revenue: $300.2M, 37% YoY
- Net loss: $49.6M, improved from $60.0M loss in Q2 FY2024
- EPS: -$0.09 vs -$0.11 in Q2 FY2024
- Annual Recurring Revenue (ARR): $1.264B, 36% YoY
CEO Sanjit Biswas: "We achieved another strong quarter of durable and efficient growth at a greater scale. Q2 ended at $1.264 billion in ARR, growing 36% year-over-year, and at a quarterly record non-GAAP operating margin. As we grow our business, our data asset also scales. We're proud to have achieved an important company milestone this quarter—we now collect more than 10 trillion data points annually on the Samsara platform."
Other Metrics:
- GAAP Gross Margin: 76% vs 73% in Q2 FY2024
- Non-GAAP Gross Margin: 77% vs 75% in Q2 FY2024
- GAAP Operating Margin: -19% vs -32% in Q2 FY2024
- Non-GAAP Operating Margin: 6% vs -3% in Q2 FY2024
- Free Cash Flow: $13.1M vs $4.7M in Q2 FY2024
Business highlights:
- 2,133 customers with ARR over $100,000, up 41% YoY
- Achieved quarterly record non-GAAP operating margin
- Now collecting more than 10 trillion data points annually on the Samsara platform
Outlook:
- Q3 FY2025 Revenue: $309M - $311M
- Q3 FY2025 Non-GAAP Operating Margin: 4%
- FY2025 Revenue: $1.224B - $1.228B
- FY2025 Non-GAAP Operating Margin: 5%
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