AYX - Alteryx stock pops after Q1 beats with narrower losses

Alteryx (AYX) shares pop 8.7% after hours following Q1 beats with revenue up 9% on the year to $118.8M and a $0.08 loss per share, $0.15 better than analysts expected.Non-GAAP gross margin was 93% vs. 91% in last year's quarter.Cash from operating activities totaled $26M. Alteryx ended the quarter with $1B in cash and equivalents.Alteryx added 131 net new customers in the quarter for a total of 7,214, up 12% on the year.ARR was up 27% to $512.7M.For Q2, the company forecasts revenue of $111-114M (consensus: $111.58M) and a loss per share of $0.24-0.27 (consensus: $0.21 loss).Press release.

For further details see:

Alteryx stock pops after Q1 beats with narrower losses