BRZE - Braze Non-GAAP EPS of -$0.13 beats by $0.05 revenue of $101.78M beats by $2.78M

2023-06-08 16:17:32 ET

• Braze press release ( NASDAQ: BRZE ): Q1 Non-GAAP EPS of -$0.13 beats by $0.05 .
• Revenue of $101.78M (+31.3% Y/Y) beats by $2.78M .
• Subscription revenue in the quarter was $97.1 million compared to $72.8 million Y/Y.
• Dollar-based net retention for all customers for the trailing 12 months ended April 30, 2023 and April 30, 2022 was 122% and 127%, respectively.
• Q2 Outlook: Revenue $108.0 - 109.0M; Non-GAAP operating loss $(15.0) - (16.0)M; Non-GAAP net loss $(13.0) - (14.0)M; Non-GAAP net loss per share $(0.13) - (0.14).
• 2024 Outlook: Revenue $442.5 - 446.5M; Non-GAAP operating loss $(54.0) - (58.0)M; Non-GAAP net loss $(50.0) - (54.0)M; Non-GAAP net loss per share $(0.51) - (0.55).
• Shares +11.96% .

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