$FROG #DevSecOps
#Business
$FROG vision is to power a world of continuously updated, secure, trusted software – we call this
#LiquidSoftware.
This platform is the critical bridge between software development & deployment of that software.
The Company enables organizations to build & release software faster & more securely.
The Company’s solutions are designed to run on-premise, in public or private clouds, or in hybrid environments.
#BalanceSheet
Cash Position: $591.3M
Debt: No Debt.
#Earnings Q2 2024 Vs. 2023
2024:
Revenue: $103M
Net Loss: -$(14.3M)
EPS: -$(.13)
$16.69M Cash Flow Positive
#Note
Net Dollar Retention rate for the trailing four quarters was 118%.
Vs.
2023:
Revenue: $84M
Net Loss: -$(15.4M)
EPS: -$(15)
$16.7M Cash Flow Positive
#Updates
1. Announced
$MSFT GitHub and
$FROG Platform integrations bringing seamless navigation between source code & binaries.
2. Acquired
#Qwak AI; Expanding include
#MLOps. The first to support DevOps,
#Security, & MLOps in a single platform.
3.
$FROG &
$DDOG Partner to Deliver Comprehensive App Utilization Insights & Accelerate
#Cloud Migration.
4.
$FROG/Qwak
#AI Secure MLOps Workflows for Accelerating the Delivery of AI Apps at Scale
5.
$FROG Software Supply Chain Platform integration with
$AMZN SageMaker, which helps companies build, train, and deploy machine learning (
#ML) models for any use case
6.
#ML lifecycle integration between
$FROG Artifactory and
#MLflow, an open source software platform originally developed by
#Databricks.
#Notes
1.
#CustomerGrowth:
total customers Growth to approximately 7,400 organizations as of December 31, 2023
from approximately 7,200 organizations as of December 31, 2022.
2.
In 2023,released Artifactory & Platform features to become a system of record for
#MachineLearning models that fuel artificial intelligence
#AI innovations in the software supply chain,
enhancements to
$FROG Advanced
#Security including SAST,
& a new security product,
$FROG Curation.
These enhancements & releases represent an expansion beyond our core developer/operations
#DevOps business, delving more deeply into software security
#DevSecOps &
#MLOps.
$GTLB $FROG
#BusinessSoftwareEnterprise.
DevSecOps: Development,Security, Operations Software.
Incorporating cybersecurity early in the development process such as during coding and testing.
#DevSecOps is likely to augment & evolve older cybersecurity practices.
#DevSecOps will play a strong role in addressing new
#AI driven cyber threats.
1.
#ProActiveThreatID
integrating security early in the development lifecycle,
#DevSecOps helps identify and mitigate
#AI-based threats proactively. Continuous security testing can uncover vulnerabilities that
#AI-driven attacks might exploit.
2.
#AutomatedSecurityMeasures
automation tools that can quickly adapt to new
#AI threats.
These tools can automatically apply patches,
#update security configurations, & perform real-time threat
#detection, enhancing the organization's ability to respond swiftly to
#AI-driven attacks.
3.
#ContinuousMonitoring/Response:
#AI-based threats often evolve rapidly.
#DevSecOps practices include continuous monitoring of applications and infrastructure, enabling real-time
#detection and response to
#AI-driven threats.
This
#continuous feedback loop ensures that
#security measures are always up-to-date.