IRNT - IronNet GAAP EPS of -$0.28 beats by $0.04 revenue of $6.61M misses by $0.94M
- IronNet press release ( NYSE: IRNT ): Q2 GAAP EPS of -$0.28 beats by $0.04 .
- Revenue of $6.61M (+8.7% Y/Y) misses by $0.94M .
- Annual Recurring Revenue: $26.5 million at July 31, 2022, compared to $24.1 million at the end of the same quarter last year
- Gross Margin: 62.3% compared to 70.1% in the same quarter last year
- Dollar-based average contract length: 3.2 years for the second quarter, compared to 2.8 years in the same quarter last year.
- Cash and cash equivalents: $9.7 million at end of the second quarter.
- Customer Count: 78 compared to 51 at the end of the same quarter last year.
- 2023 Outlook: In light of the management transitions, further restructuring of the company, and the underperformance of the transactional business this quarter, the company is withdrawing its previously issued revenue and ARR guidance for fiscal 2023.
- Shares -1.36% .
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IronNet GAAP EPS of -$0.28 beats by $0.04, revenue of $6.61M misses by $0.94M