NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of JFrog Ltd. ("JFrog" or "the Company") (NASDAQ: FROG). Investors who purchased JFrog securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/FROG. Investigation Details On August 7, 2024, JFrog released its second quarter 2024 financial results and lowered its fiscal year 2024 ...

NEW YORK, Oct. 9, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of JFrog Ltd. ("JFrog" or the "Company") (NASDAQ: FROG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether JFrog and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On August 7, 2024, JFrog released i ...

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JFrog Ltd. (FROG) reported $103.04 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 22.4%. EPS of $0.15 for the same period compares to $0.11 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $103.53 million, representing a surprise of -0.47%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being $0.14. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39492 JFrog Ltd. (Exact name of Registrant as specified in its charter) Israel 98-0680649 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

JFrog Ltd. (NASDAQ:FROG) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Jeffrey Schreiner - Vice President, Investor Relations Shlomi Ben Haim - Chief Executive Officer and Co-Founder Ed Grabscheid - Chief Financial Officer Conference Call Participants Pinjalim Bora - JPMorgan Ryan MacWilliams - Barclays Sanjit Singh - Morgan Stanley Koji Ikeda – Bank of America Kingsley Crane - Canaccord Genuity Michael Cikos - Needham Brad Reback - Stifel Andrew Sherman - TD Cowen Miller J ...

JFrog Ltd. (FROG) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.16, delivering a surprise of 14.29%. Over the last four quarters, the company has s ...

Exhibit 99.1 JFrog Announces Second Quarter 2024 Results • Total Revenues of $103.0 million; up 22% Year-over-Year • Cloud Revenues up 42% Year-over-Year • Customers with ARR Greater Than $1 million equaled 42, up 75% Year-over-Year • Enterprise+ Subscription Revenues Equaled $51 million; up 35% Year-over-Year • Partnership with Github of ering a unified best-of-breed Platform experience • Acquired Qwak AI; Expanding the JFrog Platform to include MLOps Sunnyvale, Calif., August 7, 2024 – JFrog Ltd. ("JFrog" ...

Revenue and Growth - Revenue for the three months ended March 31, 2024, was $100.3 million, representing a 26% increase from $79.8 million in the same period of 2023[85]. - SaaS subscriptions contributed 37% of total revenue for Q1 2024, up from 31% in Q1 2023[82]. - Enterprise Plus subscriptions accounted for approximately 49% of total revenue in Q1 2024, compared to 44% in Q1 2023[83]. - Total subscription revenue for Q1 2024 was $100.3 million, a 26% increase from $79.8 million in Q1 2023, driven by $16.9 million growth from existing customers[112]. Customer Metrics - The net dollar retention rate was 118% for Q1 2024, down from 124% in Q1 2023, with expectations to stabilize around current levels[91]. - As of March 31, 2024, the number of customers with an ARR of $100,000 or more increased to 911, up from 886 at the end of 2023[92]. Financial Performance - Free cash flow for Q1 2024 was $16.6 million, a significant improvement from a negative $1.4 million in Q1 2023[96]. - Gross profit for Q1 2024 was $79.7 million, representing a gross margin of 79%, up from 77% in Q1 2023[113]. - Operating loss decreased to $16.6 million in Q1 2024 from $23.2 million in Q1 2023, indicating improved operational efficiency[112]. - Net loss for Q1 2024 was $8.8 million, a significant improvement compared to a net loss of $20.8 million in Q1 2023[112]. Cash Flow and Liquidity - As of March 31, 2024, the company had cash, cash equivalents, and short-term investments totaling $579.6 million, ensuring liquidity for upcoming operational needs[125]. - Net cash provided by operating activities was $17.5 million in Q1 2024, a turnaround from a cash outflow of $1.1 million in Q1 2023[127]. - Net cash used in investing activities for Q1 2024 was $46.9 million, primarily from net purchases of short-term investments of $46.1 million[131]. - Net cash provided by financing activities for Q1 2024 was $16.6 million, including proceeds from share options of $6.8 million and employee share purchases of $4.5 million[132]. - As of March 31, 2024, cash and cash equivalents were $71.4 million, and short-term investments totaled $508.2 million[142]. Expenses and Investments - Operating expenses are expected to increase as the company invests in sales and marketing, research and development, and general administrative functions[104][105]. - Research and development expenses increased by 3% to $35.8 million in Q1 2024, primarily due to a $2.5 million rise in share-based compensation[117]. - Sales and marketing expenses rose by 23% to $43.6 million in Q1 2024, attributed to increased headcount and higher share-based compensation[118]. - General and administrative expenses increased by 19% to $16.9 million in Q1 2024, driven by higher personnel-related costs and legal expenses[119]. Risk Management and Accounting - The company has activated a comprehensive business continuity plan to ensure operations remain consistent amid regional conflicts[87]. - A hypothetical 10% change in foreign currency exchange rates would not have materially impacted the results of operations for Q1 2024[139]. - The company has established a hedging program to mitigate foreign exchange risks, primarily using short-term foreign currency contracts[139]. - There were no significant changes to critical accounting policies and estimates during Q1 2024[136]. - The company does not believe inflation has materially affected its financial condition or results of operations[143]. - A hypothetical 1% increase in interest rates would not have had a material impact on the fair value of cash and cash equivalents as of March 31, 2024[142]. Future Plans - The company plans to continue investing in research and development to enhance its software supply chain platform and maintain technology leadership[88]. - The company aims to expand its customer base through self-service and inbound sales models, leveraging free trials and open-source software[93].

Investors appear to be overreacting today.Shares of software delivery company JFrog (FROG -17.21%) plunged on Friday after the company reported financial results for the first quarter of 2024. As of 11:30 a.m. ET, JFrog stock was down 18%.Does this warrant such a big drop?Explaining a stock move isn't always straightforward. As best as I can figure, investors are punishing JFrog stock today because management didn't raise its guidance by as much as they had hoped. To be clear, the company's financial result ...