SUMO - Sumo Logic Non-GAAP EPS of -$0.13 beats by $0.04 revenue of $67.86M beats by $1.77M

Sumo Logic press release (NASDAQ:SUMO): Q1 Non-GAAP EPS of -$0.13 beats by $0.04. Revenue of $67.86M (+25.2% Y/Y) beats by $1.77M. Annual Recurring Revenue ("ARR") was $273.3 million, an increase of 27% year-over-year Non-GAAP gross margin was 70%, Non-GAAP operating loss was $15.4 million; non-GAAP operating margin was (23)%. Q2 Outlook: Total revenue between $71.0 million and $72.0 million, representing 21% to 22% growth year over year. Non-GAAP operating margin of (24)% to (23)%. Non-GAAP net loss per share of $0.15 on approximately 116.0 million weighted average shares outstanding. 2023 Outlook: Total revenue between $289.0 million and $292.0 million, representing 19% to 21% growth year over year. Non-GAAP operating margin of (25)% to (24)%. Non-GAAP net loss per share of $0.64 to $0.62 on approximately 116.5 million weighted average shares outstanding

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Sumo Logic Non-GAAP EPS of -$0.13 beats by $0.04, revenue of $67.86M beats by $1.77M