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Tenable(TENB) - 2023 Q2 - Earnings Call Transcript
2023-07-25 23:56
Financial Data and Key Metrics Changes - Revenue for Q2 was $195 million, representing a 19% year-over-year growth, exceeding the midpoint of guidance by $5 million [79] - Calculated current billings grew 15% year-over-year to $200.2 million [76] - Gross margin improved to 81% from 79% in the previous quarter, attributed to the scalability of public cloud infrastructure [49] - Operating margin for the quarter was 15%, which was 470 basis points better than the midpoint of guidance [81] - EPS was $0.22, approximately $0.09 better than the midpoint of the guided range [52] Business Line Data and Key Metrics Changes - The company added 426 new enterprise customers and 63 net new six-figure customers in Q2, indicating a return to typical quarterly additions [67] - Tenable One now comprises over 20% of total new enterprise sales, contributing to higher average selling prices (ASPs) [40][77] - The dollar-based net expansion rate was 111% in the quarter, slightly down from 113% in the previous quarter [48] Market Data and Key Metrics Changes - The company observed stabilization in banking, financial services, tech, and telecom sectors compared to Q1 [46] - Strong demand was noted in the public sector, driven by regulatory requirements for cybersecurity improvements [72] Company Strategy and Development Direction - The company is focused on integrating operational technology (OT) into Tenable One, enhancing its platform capabilities [44] - There is a strategic emphasis on leveraging AI to improve product intelligence and customer experience [22][124] - The company plans to reinvest a portion of the earnings upside into go-to-market and product development for future growth [81][85] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the macroeconomic environment and highlighted a return to a more predictable selling environment [45][105] - The outlook for the second half of the year includes expectations for revenue in the range of $197 million to $199 million for Q3 [84] - The company raised its full-year guidance for CCB revenue and earnings, reflecting a balanced growth approach [85] Other Important Information - The company generated approximately $40 million of unlevered free cash flow during the quarter, exceeding expectations [53] - The total deferred revenue was $650.2 million, providing visibility into future revenue [82] Q&A Session Summary Question: What is the size of the SC installed base? - The company has over 40,000 customers, with a sizable SC customer base representing a several hundred million dollar opportunity for Tenable One [94] Question: What is the outlook for the OT business? - Management is bullish about the OT business, citing market-leading technology and strong competitive positioning [98] Question: How did early renewals impact the quarter? - The company saw a higher-than-expected percentage of early renewals, contributing approximately $2 million to the quarter's results [99][116] Question: What modules within Tenable One are customers opting for? - There is significant demand for cloud security and identity management capabilities within the Tenable One platform [100] Question: How is the company addressing AI applications? - The company is leveraging AI to enhance product intelligence and improve customer risk management capabilities [124][155]
Tenable(TENB) - 2023 Q1 - Quarterly Report
2023-05-03 21:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission file number 001-38600 __________________ TENABLE HOLDINGS, INC. (Exact name of registrant as specified in ...
Tenable(TENB) - 2023 Q1 - Earnings Call Transcript
2023-04-24 23:17
Financial Data and Key Metrics Changes - Calculated current billings grew 13% year-over-year to $176.8 million [7] - Revenue was $188.8 million, representing 18% year-over-year growth, exceeding the midpoint of the guided range by $1.8 million [116] - Operating margin for the quarter was 10%, which was 500 basis points better than the midpoint of the guidance [117] - Non-GAAP diluted earnings per share was $0.11, better than the midpoint of the guided range [117] - Unlevered free cash flow generated during the quarter was $44.2 million, up from $32.1 million in the previous quarter [95] Business Line Data and Key Metrics Changes - Added 379 new enterprise platform customers and 24 net new six-figure customers in Q1 [23] - Dollar-based net expansion rate was 113% in the quarter, reflecting a decline from previous periods [23][70] - R&D expense increased to $29.3 million, up from $28.7 million last quarter, maintaining 16% of revenue [8] - Sales and marketing expense rose to $82.8 million, up from $78.3 million last quarter, representing 44% of revenue [24] Market Data and Key Metrics Changes - The banking and financial services sector, along with technology and telecom, experienced longer lead times in purchasing and approval phases [4] - These sectors represent approximately 30% of the overall business globally [57][106] - Demand generation added during the quarter exceeded expectations, marking a record for the company [89][92] Company Strategy and Development Direction - Focus on cloud and analytics as key growth areas, with investments in unifying cloud security posture and vulnerability management [5] - Emphasis on operationalizing preventative security through Tenable One, which is becoming a platform of choice for customers [19][90] - Strategy includes moderating investments while maintaining a balance between growth and profitability [9][28] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging selling environment, particularly in the last two weeks of March, impacting deal closures [4][19] - Confidence in the cybersecurity market remains strong, with organizations prioritizing cyber exposure management [19][88] - Outlook for the second quarter and full-year 2023 reflects expectations of longer sales cycles and lower net dollar expansion rates [52][119] Other Important Information - Gross margin expanded to 79% from 78% in the previous quarter, attributed to effective cost management [93] - The company finished the quarter with $616.7 million in cash and short-term investments, providing visibility into future revenue [95] Q&A Session Summary Question: Could you speak to the weakness in the tech and telecom vertical? - Management noted that the elongation of deal approvals was more pronounced in midsized and regional banks, particularly in North America [12][30] Question: How did the banking and financial services sector perform? - The sector historically skews towards larger transactions, and while there were positive signs, short-term headwinds were acknowledged [37][106] Question: What is the outlook for the federal business? - The public sector, including federal, performed well, and management anticipates it to remain strong throughout the year [129] Question: How is the company managing investments in light of the current environment? - The company plans to moderate the pace of new investments while focusing on achieving higher productivity [47][135] Question: What are the expectations for new business in the coming months? - Management expects new business to take longer to close, reflecting the challenges experienced in Q1 [52][119]
Tenable(TENB) - 2022 Q4 - Annual Report
2023-02-24 22:18
Part I [Business](index=4&type=section&id=Item%201.%20Business) Tenable provides exposure management solutions, showing steady revenue growth to $683.2 million in 2022 despite net losses while serving 43,000 customers globally **Financial Performance (2020-2022)** | Metric | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | **Total Revenue** | $683.2 million | $541.1 million | $440.2 million | | **Revenue Growth (YoY)** | 26% | 23% | - | | **Net Loss** | ($92.2 million) | ($46.7 million) | ($42.7 million) | | **Cash Flow from Operations** | $131.2 million | $96.8 million | $64.2 million | - As of December 31, 2022, Tenable had approximately **43,000 customers** in over 170 countries, including about **60% of the Fortune 500** and **40% of the Global 2000**[27](index=27&type=chunk)[28](index=28&type=chunk) - The company's growth strategy focuses on acquiring new enterprise customers, expanding asset coverage within the existing customer base, investing in its technology platform, and exploring acquisition opportunities[26](index=26&type=chunk) - Tenable's primary competitors include vulnerability management vendors like **Qualys and Rapid7**, diversified security vendors, endpoint security vendors such as **CrowdStrike**, and cloud security providers like **Palo Alto Networks**[37](index=37&type=chunk) [Overview](index=4&type=section&id=Overview) Tenable provides exposure management solutions to address the expanding modern attack surface by unifying data sources for a comprehensive view of cyber risk - The modern attack surface includes identity and access management systems, operational technology (OT), personal devices (IoT, shadow IT), and tools used by DevOps teams (virtual machines, containers)[15](index=15&type=chunk)[18](index=18&type=chunk) - Tenable launched the **Tenable One Exposure Management Platform** in October 2022 to unify various data sources and provide a single exposure view[17](index=17&type=chunk) [Our Solutions](index=6&type=section&id=Our%20Solutions) The company's core offering is the Tenable One platform, which integrates key products for vulnerability management, cloud security, and Active Directory security - The Tenable One platform incorporates several key products: **Tenable.io** (SaaS Vulnerability Management), **Tenable.io Web Application Scanning**, **Tenable Lumin Exposure View**, **Tenable.cs** (Cloud Security), **Tenable.ad** (Active Directory Security), and **Tenable.asm** (External Attack Surface Management)[21](index=21&type=chunk) - Standalone solutions include **Tenable.sc** (on-premises Vulnerability Management) and **Tenable.ot** (Operational Technology Security)[21](index=21&type=chunk) - In July 2022, the company introduced **Nessus Expert**, which adds Infrastructure as Code (IaC) scanning and external attack surface discovery capabilities[23](index=23&type=chunk) [Sales and Marketing](index=8&type=section&id=Sales%20and%20Marketing) Tenable utilizes a dual sales strategy combining a direct-touch sales force with a two-tiered channel partner model to drive global market penetration - The company uses a **two-tiered channel model**, selling to distributors who sell to resellers, who then sell to end-user customers[26](index=26&type=chunk) - The sales team is geographically divided into the **Americas; Europe, the Middle East and Africa (EMEA); and Asia Pacific and Japan**[30](index=30&type=chunk) [Human Capital](index=11&type=section&id=Human%20Capital) The company's human capital strategy focuses on attracting and retaining talent in a diverse, hybrid workplace with robust compensation and development programs - At the end of 2022, the company had **1,900 employees**, with 796 (approximately 42%) located outside the U.S[47](index=47&type=chunk) - The company promotes a hybrid workplace strategy and offers compensation packages that include base salary, annual bonuses, **equity awards**, and an **Employee Stock Purchase Plan (ESPP)**[49](index=49&type=chunk) - Tenable outsources its data center needs to **Amazon Web Services (AWS)**, and its corporate headquarters is a **LEED Certified Gold** building[55](index=55&type=chunk) [Risk Factors](index=13&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including a history of net losses, intense competition, reliance on renewals, and challenges in data privacy and talent retention [Risks Related to Our Business and Industry](index=14&type=section&id=Risks%20Related%20to%20Our%20Business%20and%20Industry) Operational risks include a history of net losses, intense competition from established and larger vendors, and high dependence on customer subscription renewals - The company has a history of net losses, reporting losses of **$92.2 million in 2022**, $46.7 million in 2021, and $42.7 million in 2020, with an accumulated deficit of **$746.8 million**[64](index=64&type=chunk) - The cybersecurity market is intensely competitive, with rivals including **Qualys, Rapid7, CrowdStrike, and Palo Alto Networks**, and pricing pressure from larger competitors like **Microsoft**[66](index=66&type=chunk)[67](index=67&type=chunk) - Business success depends heavily on **customer subscription renewals** and expansion, as a majority of contracts are for one year with no obligation to renew[98](index=98&type=chunk) - The company relies on third-party data centers, particularly **Amazon Web Services (AWS)**, for its network infrastructure[100](index=100&type=chunk) [Risks Related to Government Regulation, Data Collection and Intellectual Property](index=34&type=section&id=Risks%20Related%20to%20Government%20Regulation%2C%20Data%20Collection%20and%20Intellectual%20Property) The company is subject to complex data privacy laws like GDPR and CCPA, U.S. export controls, and challenges in protecting its intellectual property - The company is subject to numerous data privacy and security laws, including the **EU GDPR, UK GDPR, and CCPA**, which carry the risk of significant fines for non-compliance[105](index=105&type=chunk)[107](index=107&type=chunk)[108](index=108&type=chunk) - As of December 31, 2022, Tenable held **26 issued U.S. patents** and had 25 pending applications, relying on a mix of IP protections[165](index=165&type=chunk) - The use of **open-source software** in Tenable's solutions carries risks, as non-compliance could lead to litigation or require releasing proprietary source code[173](index=173&type=chunk)[174](index=174&type=chunk) [Risks Related to An Investment in Our Common Stock](index=38&type=section&id=Risks%20Related%20to%20An%20Investment%20in%20Our%20Common%20Stock) Investment risks include stock price volatility, a no-dividend policy, and anti-takeover provisions that may limit stockholder influence - The company has **never declared or paid cash dividends** and does not intend to in the foreseeable future, with its credit agreement also restricting payments[180](index=180&type=chunk) - **Anti-takeover provisions**, such as a classified Board of Directors, could delay or prevent a change in control[181](index=181&type=chunk)[182](index=182&type=chunk) - The certificate of incorporation establishes **exclusive forums** for most stockholder disputes, which could limit stockholders' ability to bring claims in other jurisdictions[184](index=184&type=chunk) [Unresolved Staff Comments](index=41&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports that it has no unresolved staff comments from the Securities and Exchange Commission - None[201](index=201&type=chunk) [Properties](index=41&type=section&id=Item%202.%20Properties) The company's corporate headquarters is a 160,000 square foot leased facility in Columbia, Maryland, supplemented by various international offices - The corporate headquarters in Columbia, Maryland, consists of approximately **160,000 square feet** with a lease expiring in February 2032[202](index=202&type=chunk) [Legal Proceedings](index=41&type=section&id=Item%203.%20Legal%20Proceedings) The company is not currently a party to any legal proceedings that would have a material adverse effect on its business or financial condition - Tenable is not presently a party to any legal proceedings that would have a **material adverse effect** on the business[203](index=203&type=chunk) [Mine Safety Disclosures](index=41&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[204](index=204&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=42&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Tenable's common stock trades on Nasdaq under "TENB," and the company has never paid dividends, retaining earnings for business expansion - Common stock trades on the **Nasdaq Global Select Market** under the ticker symbol **"TENB"**[207](index=207&type=chunk) - The company has **never paid dividends** and does not intend to in the foreseeable future, as it plans to retain earnings for business growth[208](index=208&type=chunk) [Selected Financial Data](index=43&type=section&id=Item%206.%20Selected%20Financial%20Data) This section presents key consolidated financial data from 2018 to 2022, including revenue, profit, loss, and balance sheet items **Selected Consolidated Statements of Operations Data (in thousands)** | | 2022 | 2021 | 2020 | 2019 | 2018 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | $683,191 | $541,130 | $440,221 | $354,586 | $267,360 | | **Gross profit** | $528,402 | $434,734 | $362,667 | $293,768 | $224,193 | | **Loss from operations** | $(67,815) | $(41,768) | $(36,433) | $(90,799) | $(72,581) | | **Net loss** | $(92,222) | $(46,677) | $(42,731) | $(99,013) | $(73,521) | | **Net loss per share, basic and diluted** | $(0.83) | $(0.44) | $(0.42) | $(1.03) | $(1.38) | **Selected Consolidated Balance Sheet Data (in thousands)** | | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Cash and cash equivalents** | $300,866 | $278,000 | $178,223 | $74,363 | $165,116 | | **Total assets** | $1,439,530 | $1,248,819 | $690,589 | $558,612 | $460,612 | | **Deferred revenue, current and non-current** | $664,602 | $530,885 | $434,510 | $363,127 | $289,903 | | **Total stockholders' equity** | $270,866 | $215,313 | $150,665 | $98,905 | $121,763 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=45&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial results, highlighting 26% revenue growth in 2022, ongoing net losses due to investment, and key non-GAAP performance metrics [Key Operating and Financial Metrics](index=50&type=section&id=Key%20Operating%20and%20Financial%20Metrics) The company tracks key metrics like Calculated Current Billings and Free Cash Flow to evaluate performance, showing strong growth in customer acquisition and expansion **Key Metrics (2020-2022)** | Metric | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | **Calculated Current Billings** | $776.9M | $617.2M | $494.7M | | **Free Cash Flow** | $112.0M | $90.2M | $44.0M | | **New Enterprise Platform Customers** | 2,078 | 1,882 | 1,455 | | **Customers > $100k ACV** | 1,420 | 1,095 | 837 | | **Dollar-Based Net Expansion Rate** | 117% | 117% | 110% | **Reconciliation of GAAP Loss from Operations to Non-GAAP Income from Operations (in thousands)** | | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | **Loss from operations (GAAP)** | $(67,815) | $(41,768) | $(36,433) | | Stock-based compensation | 120,633 | 79,405 | 59,573 | | Acquisition-related expenses | 2,642 | 6,901 | 339 | | Costs related to intra-entity asset transfers | 838 | — | — | | Amortization of acquired intangible assets | 11,372 | 6,447 | 2,314 | | **Non-GAAP income from operations** | **$67,670** | **$50,985** | **$25,793** | [Results of Operations](index=58&type=section&id=Results%20of%20Operations) Revenue increased 26% in 2022 driven by subscription sales, while operating expenses grew 25%, widening the operating and net losses from the prior year **Revenue Comparison: 2022 vs 2021 (in thousands)** | Revenue Type | 2022 | 2021 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Subscription | $612,510 | $476,023 | $136,487 | 29% | | Perpetual license and maintenance | $50,699 | $50,333 | $366 | 1% | | Professional services and other | $19,982 | $14,774 | $5,208 | 35% | | **Total Revenue** | **$683,191** | **$541,130** | **$142,061** | **26%** | - The **$79.3 million (29%) increase in sales and marketing expense** in 2022 was primarily due to a $52.5 million increase in personnel costs and a $14.2 million increase in sales commissions[276](index=276&type=chunk)[277](index=277&type=chunk) - The **$27.1 million (23%) increase in research and development expense** in 2022 was mainly driven by a $19.8 million increase in personnel costs[280](index=280&type=chunk)[282](index=282&type=chunk) [Liquidity and Capital Resources](index=64&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with $300.9 million in cash, funded primarily by customer prepayments and a $375.0 million term loan **Cash Flow Summary (in thousands)** | Cash Flow Activity | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | **Net cash provided by operating activities** | $131,151 | $96,765 | $64,232 | | **Net cash (used in) provided by investing activities** | $(128,039) | $(391,590) | $4,079 | | **Net cash provided by financing activities** | $23,318 | $397,646 | $36,403 | - The company entered into a credit agreement in July 2021, which includes a **$375.0 million Term Loan** and a **$50.0 million Revolving Credit Facility**[300](index=300&type=chunk) - At December 31, 2022, the company had a **deferred revenue balance of $664.6 million**, a substantial source of cash from customer prepayments[297](index=297&type=chunk) [Critical Accounting Policies and Estimates](index=66&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) Key accounting policies requiring significant management judgment include revenue recognition, deferred commissions, and the valuation of assets in business combinations - **Revenue Recognition:** For perpetual licenses, the company combines the license and maintenance into a single performance obligation and recognizes revenue over an estimated **five-year economic life**[315](index=315&type=chunk) - **Deferred Commissions:** Sales commissions are capitalized and amortized over an estimated period of benefit, ranging from **three to five years**[320](index=320&type=chunk) - **Business Combinations:** The company allocates the purchase price of acquisitions to tangible and intangible assets, with the excess recorded as goodwill, requiring significant valuation estimates[331](index=331&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=65&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company is exposed to market risks from variable interest rates on its debt, foreign currency fluctuations, and potential inflationary pressures - The company's **$375.0 million Term Loan** has a variable interest rate; a one percentage point increase would raise 2023 interest expense by an estimated **$2.5 million**[339](index=339&type=chunk) - **Foreign currency risk** is present due to operating expenses in currencies like the Euro, British Pound, and Israeli New Shekel[341](index=341&type=chunk) [Financial Statements and Supplementary Data](index=67&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section contains the company's audited consolidated financial statements and the independent auditor's report for fiscal years 2020 through 2022 **Consolidated Balance Sheet (in thousands)** | | Dec 31, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | **Total Current Assets** | $857,167 | $749,438 | | **Total Assets** | $1,439,530 | $1,248,819 | | **Total Current Liabilities** | $584,160 | $483,882 | | **Total Liabilities** | $1,168,664 | $1,033,506 | | **Total Stockholders' Equity** | $270,866 | $215,313 | **Consolidated Statement of Operations (in thousands)** | | 2022 | 2021 | 2020 | | :--- | :--- | :--- | :--- | | **Revenue** | $683,191 | $541,130 | $440,221 | | **Gross Profit** | $528,402 | $434,734 | $362,667 | | **Loss from Operations** | $(67,815) | $(41,768) | $(36,433) | | **Net Loss** | $(92,222) | $(46,677) | $(42,731) | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=97&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None[486](index=486&type=chunk) [Controls and Procedures](index=97&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and internal control over financial reporting were effective as of December 31, 2022 - Management concluded that as of December 31, 2022, the company's **disclosure controls and procedures were effective**[488](index=488&type=chunk) - Management concluded that the company's **internal control over financial reporting was effective** as of December 31, 2022[489](index=489&type=chunk) [Other Information](index=98&type=section&id=Item%209B.%20Other%20Information) In February 2023, the Board of Directors designated Chief Operating Officer Mark Thurmond as an "executive officer" of the company - On February 23, 2023, **Mark Thurmond, Chief Operating Officer**, was designated as an "executive officer" of the company[493](index=493&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=98&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - None[496](index=496&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=99&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information regarding directors, executive officers, and corporate governance is incorporated by reference from the company's 2023 Proxy Statement - Required information is **incorporated by reference** from the company's 2023 Proxy Statement[499](index=499&type=chunk) [Executive Compensation](index=99&type=section&id=Item%2011.%20Executive%20Compensation) Information regarding executive and director compensation is incorporated by reference from the company's 2023 Proxy Statement - Required information is **incorporated by reference** from the company's 2023 Proxy Statement[501](index=501&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=99&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information regarding security ownership is incorporated by reference from the company's 2023 Proxy Statement - Required information is **incorporated by reference** from the company's 2023 Proxy Statement[502](index=502&type=chunk) [Certain Relationships and Related Transactions and Director Independence](index=99&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%20and%20Director%20Independence) Information regarding related transactions and director independence is incorporated by reference from the company's 2023 Proxy Statement - Required information is **incorporated by reference** from the company's 2023 Proxy Statement[503](index=503&type=chunk) [Principal Accountant Fees and Services](index=99&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information regarding principal accountant fees and services is incorporated by reference from the company's 2023 Proxy Statement - Required information is **incorporated by reference** from the company's 2023 Proxy Statement[504](index=504&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=100&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists the financial statements, schedules, and exhibits filed with the Form 10-K, including a schedule for valuation and qualifying accounts **Valuation and Qualifying Accounts (Allowance for Doubtful Accounts, in thousands)** | Year Ended Dec 31 | Beginning Balance | Additions Charged to Costs | Deductions | Ending Balance | | :--- | :--- | :--- | :--- | :--- | | **2022** | $524 | $1,154 | $(278) | $1,400 | | **2021** | $261 | $349 | $(86) | $524 | | **2020** | $764 | $336 | $(839) | $261 | [Form 10-K Summary](index=102&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company reports that there is no Form 10-K summary - None[517](index=517&type=chunk)
Tenable(TENB) - 2022 Q4 - Earnings Call Transcript
2023-02-08 04:45
Tenable Holdings, Inc. (NASDAQ:TENB) Q4 2022 Earnings Conference Call February 7, 2023 4:30 PM ET Company Participants Erin Karney - VP, IR Amit Yoran - CEO Steve Vintz - CFO Conference Call Participants Joel Fishbein - Truist Brian Essex - JPMorgan Rob Owens - Piper Sandler Justin Donati - Wells Fargo Mike Cikos - Needham & Company Saket Kalia - Barclays Mike Walkley - Canaccord Genuity Jonathan Ho - William Blair Joshua Tilton - Wolfe Research Rudy Kessinger - D.A. Davidson Shebly Seyrafi - FBN Securities ...
Tenable(TENB) - 2022 Q3 - Quarterly Report
2022-10-31 21:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission file number 001-38600 __________________ TENABLE HOLDINGS, INC. (Exact name of registrant as specifie ...
Tenable(TENB) - 2022 Q3 - Earnings Call Transcript
2022-10-25 22:39
Tenable Holdings, Inc. (NASDAQ:TENB) Q3 2022 Earnings Conference Call October 25, 2022 4:30 PM ET Company Participants Erin Karney - Senior Director, Investor Relations Amit Yoran - Chief Executive Officer Steve Vintz - Chief Financial Officer Conference Call Participants Hamza Fodderwala - Morgan Stanley Rob Owens - Piper Sandler Joel Fishbein - Truist Saket Kalia - Barclays Brad Reback - Stifel Mike Cikos - Needham Andrew Nowinski - Wells Fargo Jonathan Ho - William Blair Joshua Tilton - Wolfe Research Ru ...
Tenable(TENB) - 2022 Q2 - Quarterly Report
2022-08-03 20:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission file number 001-38600 __________________ TENABLE HOLDINGS, INC. (Exact name of registrant as specified in ...
Tenable(TENB) - 2022 Q2 - Earnings Call Transcript
2022-07-27 03:17
Tenable Holdings, Inc. (NASDAQ:TENB) Q2 2022 Earnings Conference Call July 26, 2022 4:30 PM ET Company Participants Erin Karney - Senior Director, IR Amit Yoran - CEO Steve Vintz - CFO Conference Call Participants Hamza Fodderwala - Morgan Stanley Rob Owens - Piper Sandler Saket Kalia - Barclays Mike Cikos - Needham & Co. Brad Reback - Stifel Brian Essex - Goldman Sachs Jonathan Ho - William Blair Gray Powell - BTIG Joshua Tilton - Wolfe Research Rudy Kessinger - D.A. Davidson Mike Walkley - Canaccord Genui ...
Tenable(TENB) - 2022 Q2 - Earnings Call Presentation
2022-07-26 20:51
| --- | --- | --- | |----------------------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | CYBER EXPOSURE | | | | | | | | MANAGING AND MEASURING CYBER RISK IN THE DIGITAL ERA July 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- ...