2023-05-08 16:41:24 ET
- SEMrush press release ( NYSE: SEMR ): Q1 GAAP EPS of -$0.07 misses by $0.01 .
- Revenue of $70.9M (+24.2% Y/Y) beats by $0.54M .
- ARR of $293 million as of March 31, 2023, up 23% year over year.
- Dollar based net revenue retention of 116% as of March 31, 2023, compared to 118% in the previous quarter.
- Over 100,000 paying customers as of March 31, 2023, up approximately 15% from a year ago.
- Net loss of $9.9 million for the first quarter, compared with a net loss of $2.6 million from a year ago.
- Non-GAAP net loss of $7.1 million for the first quarter, which includes $1.0 million in expenses associated with our substantially completed relocation efforts, compared with non-GAAP net loss of $1.6 million from a year ago.
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Second Quarter 2023 Financial Outlook
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For the second quarter, we expect revenue in a range of $73.6 to $75.0 million dollars, which at the mid-point would represent growth of approximately 19% year over year.
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We expect a second quarter non-GAAP net loss of $3.0 to $1.5 million dollars.
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Full-Year 2023 Financial Outlook
- For the full-year, we are reiterating our prior revenue guidance of $306.0 to $309.0 million dollars, which would represent growth at the midpoint of approximately 21% year over year.
- We continue to expect non-GAAP net income of breakeven to $3 million dollars for the full year 2023.
For further details see:
SEMrush GAAP EPS of -$0.07 misses by $0.01, revenue of $70.9M beats by $0.54M