AYX - Alteryx stock soars aftermarket on raised guidance earnings beat
- Alteryx ( NYSE: AYX ) stock soared ~12% postmarket on Tuesday after the software provider raised its 2022 guidance and posted better-than-expected Q2 results .
- AYX now expects 2022 revenue of $770M-$780M, up 44-45% Y/Y, vs. prior outlook $730M-$740M. Consensus estimate is $734M.
- 2022 ARR is projected to be $820M-$830M, up 29-30% Y/Y. AYX's prior outlook was $812M-$822M.
- The firm maintained its 2022 adj. net loss per share outlook at $0.56-$0.46.
- AYX expects Q3 revenue of $191M-$194M, up 55-57% Y/Y, well above consensus estimate of $173.63M.
- Q3 ARR is expected to be $761M-$764M, up 32% Y/Y.
- Q3 adj. net loss per share is projected to be $0.12-$0.09 vs. consensus estimate of -$0.12.
- AYX reported Q2 adj. EPS of -$0.46 vs. -$0.07 in Q2 2021, and revenue of $180.6M, up 50.4% Y/Y.
- Q2 ARR grew 33% to $726.8M, driven by revenue from large enterprise customers.
- AYX ended Q2 with ~8.3K customers, up 12% Y/Y.
- Shares of AYX have fallen 19% YTD and ~35% in the last 1 year.
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Alteryx stock soars aftermarket on raised guidance, earnings beat