AVLR - Avalara Non-GAAP EPS of $0.08 beats by $0.20 revenue of $204.5M beats by $6.43M

Avalara press release (NYSE:AVLR): Q1 Non-GAAP EPS of $0.08 beats by $0.20. Revenue of $204.5M (+33.1% Y/Y) beats by $6.43M. Calculated billings were $219.2M compared to calculated billings of $171.8M in prior year quarter. Ended Q1 with ~19,160 core customers, up from ~18,270 core customers at the end of the previous quarter and ~15,730 in Net revenue retention rate was 115% in the first quarter of 2022 and has averaged 116% over the last four quarters. Q2 Outlook: Total revenue between $208.0 and $210M; Non-GAAP operating loss between $6 and $8M FY22 Outlook: Total revenue between $867and $871M; Non-GAAP operating loss between $6 and $8M

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Avalara Non-GAAP EPS of $0.08 beats by $0.20, revenue of $204.5M beats by $6.43M