AYX - Alteryx Non-GAAP EPS of -$0.19 beats by $0.07 revenue of $199.09M misses by $0.98M

2023-04-27 16:15:30 ET

• Alteryx press release ( NYSE: AYX ): Q1 Non-GAAP EPS of -$0.19 beats by $0.07 .
• Revenue of $199.09M (+26.1% Y/Y) misses by $0.98M .
• Ended the first quarter of 2023 with $857 million in ARR, an increase of 25% year-over-year.
• Achieved a dollar-based net expansion rate (annualized recurring revenue based) of 121% for the first quarter of 2023.
• Announced new self-service and enterprise-grade capabilities to the Alteryx Analytics Cloud Platform. The enhanced platform, which now includes all access for Alteryx Designer Cloud, offers an approachable easy-to-use drag-and-drop modern interface accessible to users of all skill levels, without compromising data governance or security standards.
• Issued $450 million aggregate principal amount of 8.75% senior notes due 2028 in a private offering.
• Q2 Guidance: Revenue is expected to be in the range of $180 million to $184 million, representing year-over-year growth of 0% to 2%.
• ARR is expected to be in the range of $902 million to $906 million, representing year-over-year growth of 24% to 25%.
• Non-GAAP loss from operations is expected to be in the range of $(52) million to $(48) million.
• Non-GAAP net loss per share is expected to be in the range of $(0.69) to $(0.65) based on approximately 70.5 million non-GAAP weighted-average basic shares outstanding.
• 2023 Guidance: Revenue is expected to be in the range of $980 million to $990 million, representing year-over-year growth of 15% to 16%.
• ARR is expected to be in the range of $1,015 million to $1,025 million, representing year-over-year growth of 22% to 23%.
• Non-GAAP income from operations is expected to be in the range of $80 million to $90 million.
• Non-GAAP net income per share is expected to be in the range of $0.65 to $0.75 based on approximately 77.1 million non-GAAP weighted-average diluted shares outstanding, and an effective tax rate of 20%.
• Shares -14.94% .

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