FORG - GAAP EPS of -$0.26 beats by $0.01 revenue of $47.7M beats by $0.52M

August, 11 2022 04:22 PM ForgeRock Inc. Class A

press release ( NYSE: FORG ): Q2 GAAP EPS of -$0.26 beats by $0.01 .
Revenue of $47.7M (+8.5% Y/Y) beats by $0.52M .
For the third quarter of 2022, ForgeRock expects:
Total ARR of $208.0 million to $211.0 million, representing 28% year-over-year growth at the midpoint. Our Q3 and annual guidance is inclusive of estimated FX impact;
Total revenue of $49.0 million to $52.0 million, representing 14% year-over-year growth at the midpoint;
Non-GAAP operating loss of $12.0 million to $10.0 million, representing an operating margin range of negative 24% to negative 19%; and
Non-GAAP net loss per share of $0.17 to $0.13, assuming weighted-average shares outstanding of approximately 84.7 million.
For the full year 2022, ForgeRock now expects:
Total ARR of $225.0 million to $232.0 million, representing 25% year-over-year growth at the midpoint;
Total revenue of $206.0 million to $212.0 million, representing 18% year-over-year growth at the midpoint;
Non-GAAP operating loss of $35.0 million to $33.0 million, representing an operating margin range of negative 17% to negative 16%
Non-GAAP net loss per share of $0.49 to $0.44, assuming weighted-average shares outstanding of approximately 84.5 million.

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