nyte Software .(CGNT)

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nyte Software .(CGNT) - 2023 Q1 - Quarterly Report
2023-06-14 16:00
Exhibit 99.1 Press Release Investor Relations Contact Dean Ridlon Cognyte Software Ltd. IR@cognyte.com Cognyte Announces First Quarter Fiscal 2024 Results • Stock-based compensation is expected to be between approximately $10.0 million and $13.0 million, assuming market prices for our ordinary shares are generally consistent with current levels. For additional information about our expectations for FYE24, please refer to the Q1 FYE24 conference call we will conduct on June 15, 2023. Our non-GAAP outlook doe ...
nyte Software .(CGNT) - 2022 Q4 - Earnings Call Transcript
2023-04-11 14:40
Cognyte Software Ltd. (NASDAQ:CGNT) Q4 2022 Earnings Conference Call April 11, 2023 8:30 AM ET Company Participants Dean Ridlon - Head of IR Elad Sharon - CEO David Abadi - CFO Conference Call Participants Mike Cikos - Needham Peter Levine - Evercore Brian Ruttenbur - Imperial Capital Dean Ridlon Thank you, operator. Hello, everyone. I'm Dean Ridlon, Cognyte's Head of Investor Relations. Thank you for joining us today. I'm here with Elad Sharon, Cognyte's CEO; and David Abadi, Cognyte's CFO. Before getting ...
nyte Software .(CGNT) - 2023 Q4 - Annual Report
2023-04-10 16:00
• risks relating to claims by third parties that our solutions infringe their terms of use or other proprietary rights; • risks that our intellectual property rights may not be adequate to protect our business or assets or that others may make claims on our intellectual property, claim infringement on their intellectual property rights, or claim a violation of their license rights, including relative to free or open source components we may use; • risks associated with our failure to comply with anti-corrup ...
nyte Software .(CGNT) - 2022 Q4 - Annual Report
2023-04-10 16:00
Exhibit 99.1 Investor Relations Contact Dean Ridlon Cognyte Software Ltd. IR@cognyte.com Herzliya, Israel, April 11, 2023 - Cognyte Software Ltd. (NASDAQ: CGNT) (the "Company," "Cognyte," "we," "us" and "our"), a global leader in investigative analytics software, today announced results for the three months and year ended January 31, 2023 ("Q4 FYE23", "FYE23" and "Fiscal 2023"). | --- | --- | --- | --- | |-------------------------------------------------|--------------|---------------------------|---------- ...
nyte Software .(CGNT) - 2023 Q3 - Earnings Call Transcript
2022-12-20 17:27
Cognyte Software Ltd. (NASDAQ:CGNT) Q3 2023 Earnings Conference Call December 20, 2022 8:30 AM ET Company Participants Dean Ridlon - Head, Investor Relations Elad Sharon - Chief Executive Officer David Abadi - Chief Financial Officer Conference Call Participants Mike Cikos - Needham & Company Peter Levine - Evercore ISI Brian Ruttenbur - Imperial Capital Operator Good day. Thank you for standing by. Welcome to Cognyte’s Third Quarter Fiscal Year 2023 Earnings Conference Call. [Operator Instructions] Please ...
nyte Software .(CGNT) - 2022 Q3 - Quarterly Report
2022-12-19 16:00
Exhibit 99.1 Press Release Investor Relations Contact Dean Ridlon Cognyte Software Ltd. IR@cognyte.com Cognyte Announces Third Quarter Results Herzliya, Israel, December 20, 2022 - Cognyte Software Ltd. (NASDAQ: CGNT) (the "Company," "Cognyte," "we," "us" and "our"), a global leader in investigative analytics software, today announced results for the three and nine months ended October 31, 2022 ("Q3 FYE23" and "YTD FYE23"). Q3 Highlights • Revenue: $71.3 million (GAAP) and $71.5 million (non-GAAP) • Gross M ...
nyte Software .(CGNT) - 2023 Q2 - Earnings Call Presentation
2022-09-28 14:33
Financial Performance - Q2 FYE23 revenue reached $81.1 million[7] - Software revenue was $27.0 million, software services revenue was $45.4 million, and professional services & other revenue was $8.6 million[7] - RPO (Remaining Performance Obligation) at the end of Q2 was $534 million, a sequential increase of approximately $20 million[7] - Non-GAAP gross margin was 65.1%, up approximately 400bps from Q1[7] - Non-GAAP operating expenses were $70.4 million, a sequential reduction of $4.4 million[7] Growth and Strategy - The company experienced a significant revenue decline[4] - Bookings were higher than revenue, driving a higher backlog[4] - The company is focusing resources on high-potential geographies and use cases[5] - Actions are being taken to reduce cost structure and improve backlog conversion visibility[5] Market Position and Outlook - The long-term opportunity remains intact due to pervasive security threats[5] - The company is a market leader with a long history of growth and a strong track record with customers[5] - The board and management are focused on returning to growth and profitability[5]
nyte Software .(CGNT) - 2023 Q2 - Earnings Call Transcript
2022-09-28 14:32
Financial Data and Key Metrics Changes - Q2 revenue was reported at $81 million, reflecting a significant decline year-over-year and sequentially due to adverse changes in customer behavior [10][28] - The remaining performance obligation (RPO) increased to $534 million, up approximately $20 million from the end of Q1, indicating a significant backlog [11][30] - Gross margin improved to 65.1% on a non-GAAP basis, up approximately 400 basis points sequentially, primarily due to a better software mix [31] Business Line Data and Key Metrics Changes - Software revenue for Q2 was $27 million, a decline of $20.9 million year-over-year but an increase of $2.1 million sequentially [28] - Software services revenue decreased by $8.5 million year-over-year, while professional services and other revenue declined by $5.5 million year-over-year [30] Market Data and Key Metrics Changes - The company experienced longer sales cycles and delays in closing deals across all geographies, attributed to reduced funding and budget constraints faced by customers [18][19] - The company is focusing on geographical priorities, particularly the U.S. government market, which has shown resilience amid budget cuts in other regions [21][22] Company Strategy and Development Direction - The company is implementing three main initiatives: maximizing bookings in high-potential areas, reducing operating expenses to below $70 million in Q3 and below $65 million in Q4, and improving visibility for backlog deployments [21][23][24] - The management emphasized the importance of adapting to changing customer behavior and macroeconomic conditions while maintaining a focus on security solutions [20][26] Management's Comments on Operating Environment and Future Outlook - Management noted that the global economic slowdown is impacting near-term performance, but they are taking actions to focus on territories and use cases with the highest potential [26] - The company expects Q3 revenue to be similar to or lower than Q2, with Q4 revenue anticipated to increase above Q3 levels [25][36] Other Important Information - The company ended the quarter with approximately $55 million in cash and cash equivalents, with cash used in operations amounting to $18.8 million, including a one-time payment of $6.2 million related to a patent settlement [34] - The company has renegotiated some credit facility covenants to provide more future flexibility amid ongoing uncertainties [35] Q&A Session Summary Question: What is the revenue expectation for Q3 and Q4? - Management expects Q3 revenue to be similar or lower than Q2, and Q4 to be better than Q3 [38][39] Question: What is being done to convert the pipeline and drive visibility? - The company is focusing on high-potential areas and has strengthened its management team to adapt to market changes [42][44] Question: Has there been higher sales churn within the sales force? - Yes, the company has experienced higher sales churn this year compared to historical levels [51] Question: Can you provide specifics on cost reduction plans? - Cost reductions are primarily in R&D, with a focus on not impacting customer commitments or growth potential [52] Question: What is the outlook for cash burn in the next quarters? - The company aims to reduce operating expenses to under $70 million in Q3 and under $65 million in Q4, while also accelerating backlog conversion to improve cash flow [54][56]
nyte Software .(CGNT) - 2022 Q2 - Quarterly Report
2022-09-27 16:00
Exhibit 99.1 Press Release Investor Relations Contact Dean Ridlon Cognyte Software Ltd. IR@cognyte.com Cognyte Announces Second Quarter Results Herzliya, Israel, September 28, 2022 - Cognyte Software Ltd. (NASDAQ: CGNT) (the "Company," "Cognyte," "we," "us" and "our"), a global leader in investigative analytics software, today announced results for the three and six months ended July 31, 2022 ("Q2 FYE23" and "H1 FYE23"). "Security threats are pervasive, and customers need innovative security solutions to ad ...
nyte Software .(CGNT) - 2023 Q1 - Earnings Call Transcript
2022-06-28 18:48
Cognyte Software Ltd. (NASDAQ:CGNT) Q1 2023 Results Earnings Conference Call June 28, 2022 8:30 AM ET Company Participants Dean Ridlon - Head of Investor Relations Elad Sharon - Chief Executive Officer David Abadi - Chief Financial Officer Conference Call Participants Mike Cikos - Needham & Company Peter Levine - Evercore ISI Brad Reback - Stifel Operator Welcome to Cognyte First Quarter FYE 2023 Earnings Conference Call. My name is John. I'll be your operator for today's call. At this time, all participant ...