IRNT - IronNet GAAP EPS of -$0.45 misses by $0.25 revenue of $8.18M beats by $1.41M

IronNet press release (NYSE:IRNT): Q4 GAAP EPS of -$0.45 misses by $0.25. Revenue of $8.18M (+10.4% Y/Y) beats by $1.41M. Annual Recurring Revenue Increases 23% Year-Over-Year; Adds 61 New Customers Year-Over-Year. Gross margin for the fourth quarter was 60.1% compared to 74.4% in the same quarter last year, with cost of sales accounting charges during the fourth quarter representing approximately half of the decline. Dollar-based average contract length: 2.7 years for the fourth quarter and full fiscal year. Cash and cash equivalents: $47.7 million at end of quarter. Customer Count: 88 compared to 27 at the end of the same quarter last year and 74 at the end of the prior quarter. 2023 Outlook: Revenue of approximately $34 million, representing nearly 25% growth. ARR of approximately $48 million, representing 50% growth. Shares -14.53%.

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IronNet GAAP EPS of -$0.45 misses by $0.25, revenue of $8.18M beats by $1.41M