Workflow
Similarweb(SMWB)
icon
Search documents
Similarweb(SMWB) - 2022 Q2 - Earnings Call Transcript
2022-08-10 16:08
Financial Data and Key Metrics Changes - Revenue grew 46% year-over-year to $47.6 million in Q2 2022, exceeding the outlook of $45.9 million [10][16] - Non-GAAP operating loss was $19.8 million, better than the guidance range of $23 million [18] - Dollar-based net retention rate increased to 115% from 106% year-over-year [17] - Remaining performance obligations (RPOs) rose 53% year-over-year to $160 million, with 87% expected to be realized in the next 12 months [17] Business Line Data and Key Metrics Changes - Customer base grew 25% year-over-year to over 3,800, with average account spend increasing 16% to approximately $51,000 annually [10] - Over 53% of annual recurring revenue comes from customers spending more than $100,000 per year [11] - 36% of customer relationships consist of multiyear contracts, indicating a growing trend in long-term commitments [11] Market Data and Key Metrics Changes - The U.S. market represented 50% of revenue, showing strong performance with a 55% increase [40] - European markets showed mixed results, with Germany performing well while the U.K. and France faced challenges [40] Company Strategy and Development Direction - The company is focusing on operational efficiency and disciplined execution to achieve profitable growth [21] - Recent acquisitions, such as Rank Ranger, are aimed at enhancing capabilities and expanding product offerings [13] - The company is in the process of building its Investor Intelligence solution, expected to launch in the latter half of the year [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a softness in the market, particularly in Europe, affecting deal closure times [24] - The company anticipates total revenue for Q3 2022 to be between $48.8 million and $49.2 million, with full-year revenue guidance of $196 million to $197 million [19] - Management remains optimistic about the demand for data-driven insights during uncertain economic times [45] Other Important Information - The company is actively optimizing its marketing organization and has made adjustments to hiring plans in response to market conditions [42][37] - The company ended the quarter with approximately $94 million in cash, supplemented by a $75 million undrawn credit facility, providing a strong liquidity position [68] Q&A Session Summary Question: Observations on macro environment impact - Management noted a slowdown in deal closures, particularly in Europe, and acknowledged longer sales cycles due to budget reallocations and job changes [24] Question: Free cash flow expectations - Management indicated that normalized free cash flow should not exceed $50 million for the year, with significant renewals expected in Q4 and Q1 [25] Question: Gross margin outlook - Management expressed optimism about improving gross margins in the future, with a focus on operational efficiency [30] Question: Geographic performance and guidance - Management confirmed that while Europe faces challenges, regions like Japan and the U.S. are performing well, and guidance reflects these regional dynamics [39] Question: Demand for specific products - Management reported strong initial demand for the App Intelligence product, with positive customer feedback, while also noting challenges in closing deals due to market dynamics [61] Question: Cash balance and future guidance - Management reassured that the company has sufficient liquidity and is focused on achieving sustainable free cash flow while balancing growth [68]
Similarweb(SMWB) - 2022 Q2 - Quarterly Report
2022-08-09 20:17
Exhibit 99.1 SIMILARWEB ANNOUNCES SECOND QUARTER 2022 RESULTS Second quarter 2022 revenue grew 46% year-over-year to $47.6 million Remaining performance obligations increased 53% year-over-year to $160.5 million NRR for $100K+ ARR customers remains strong at 127% TEL AVIV, ISRAEL -- August 9, 2022 -- Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital intelligence company, today announced financial results for its second quarter ended June 30, 2022. The Company published a letter ...
Similarweb(SMWB) - 2022 Q1 - Earnings Call Transcript
2022-05-11 17:23
Similarweb Ltd. (NYSE:SMWB) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Or Offer – Chief Executive Officer Jason Schwartz – Chief Financial Officer Raymond Jones – Vice President Investor Relations Conference Call Participants Arjun Bhatia – William Blair Ryan MacWilliams – Barclays Jason Helfstein – Oppenheimer & Co. Inc. Brent Thill – Jefferies Tyler Radke – Citi Patrick Walravens – JMP Securities Operator Greetings, and welcome to Similarweb Q1 Fiscal 2022 Earnings Confe ...
Similarweb(SMWB) - 2022 Q1 - Earnings Call Presentation
2022-05-11 05:43
INVESTOR PRESENTATION May ù÷ùù Business Proprietary & Confidential | ø NOTES REGARDING THIS PRESENTATION Business Proprietary & Confidential | ù This presentation contains "forward-looking statements" within the meaning of Section ùþA of the Securities Act of øĀúú, as amended, or the Securities Act, and Section ùøE of the Securities Exchange Act of øĀúû, as amended. Forward-looking statements include statements relating to the expected performance of our business, future financial results, strategy, long-te ...
Similarweb(SMWB) - 2022 Q1 - Quarterly Report
2022-05-10 20:28
Exhibit 99.1 SIMILARWEB ANNOUNCES RECORD FIRST QUARTER 2022 RESULTS First quarter 2022 revenue grew 51% year-over-year to $44.3 million NRR for $100K+ ARR customers increased to 127% Remaining performance obligations increased 68% year-over-year to $159.1 million TEL AVIV, ISRAEL -- May 10, 2022 -- Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital intelligence company, today announced financial results for its first quarter ended March 31, 2022. The Company published a letter t ...
Similarweb(SMWB) - 2021 Q4 - Annual Report
2022-03-25 11:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR State ofIsrael (Jurisdiction of incorporation or organization) 121 Menachem Begin Rd. Tel Aviv-Yafo 6701203, Israel (Address of principal executive offices) Or Offer ☐ TRANSIT ...
Similarweb(SMWB) - 2021 Q4 - Earnings Call Transcript
2022-02-16 16:37
Similarweb Ltd. (NYSE:SMWB) Q4 2021 Earnings Conference Call February 16, 2022 8:30 AM ET Company Participants Annie Rosenberg - IR Or Offer - CEO Jason Schwartz - CFO Conference Call Participants Arjun Bhatia - William Blair Maya Kilcullen - JPMorgan Chase Jason Helfstein - Oppenheimer Pat Walravens - JMP Securities Ryan MacWilliams - Barclays Tyler Radke - Citi Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript ...
Similarweb(SMWB) - 2021 Q4 - Earnings Call Presentation
2022-02-16 13:57
INVESTOR PRESENTATION February ù÷ùù Business Proprietary & Confidential | ø NOTES REGARDING THIS PRESENTATION Business Proprietary & Confidential | ù This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements relating to the expected performance of our business, future financial results, strategy, the potential impacts of the COVID-øĀ pandemic and associated global economic uncertainty, long-term growth and overall f ...
Similarweb(SMWB) - 2021 Q3 - Earnings Call Presentation
2021-11-10 13:30
© similarweb INVESTOR PRESENTATION November ù÷ùø ss similarweb Business Proprietary & Confidential | ø NOTES REGARDING THIS PRESENTATION Business Proprietary & Confidential | ù This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements relating to the expected performance of our business, future financial results, strategy, the potential impacts of the COVID-øĀ pandemic and associated global economic uncertainty, lon ...
Similarweb(SMWB) - 2021 Q3 - Earnings Call Transcript
2021-11-13 17:08
Similarweb Ltd. (NYSE:SMWB) Q3 2021 Earnings Conference Call November 10, 2021 8:30 AM ET Company Participants Annie Rosenberg - Investor Relations Or Offer - Chief Executive Officer Jason Schwartz - Chief Financial Officer Conference Call Participants Bhavan Suri - William Blair and Company Sterling Auty - JPMorgan Chase and Company Jason Helfstein - Oppenheimer and Company Tyler Radke - Citi Ryan MacWilliams - Barclays Joe Goodwin - JMP Securities Operator Good day, ladies and gentlemen, and welcome to th ...