jamf(JAMF)2025-02-27 21:08Revenue Growth - Q4 total revenue increased by 8% year-over-year to $163.0 million; fiscal year total revenue grew by 12% to $627.4 million[7] - Total revenue for Q4 2024 reached $162.974 million, a 8.7% increase from $150.645 million in Q4 2023[27] - Total revenue for 2024 reached $627,399, up 12% from $560,571 in 2023, driven by a 10% increase in SaaS subscription and support revenue[35] - For Q1 2025, total revenue is expected to be between $165.5 million and $167.5 million, with non-GAAP operating income projected between $35.5 million and $37.5 million[12] - For the full year 2025, total revenue is anticipated to be between $675.5 million and $680.5 million, with non-GAAP operating income expected between $142.5 million and $146.5 million[12] Annual Recurring Revenue (ARR) - ARR as of December 31, 2024, reached $646.0 million, reflecting a 10% year-over-year growth[7] - Annual Recurring Revenue (ARR) increased to $646.0 million in 2024, a growth of 9.8% from $588.6 million in 2023[38] - Security ARR reached $156 million as of December 31, 2024, representing 17% year-over-year growth and 24% of total ARR[12] Profitability and Loss - GAAP operating loss for FY24 was $69.1 million, or (11)% of total revenue, an improvement from a loss of $115.2 million, or (21)% in FY23[7] - Non-GAAP operating income for FY24 was $103.1 million, or 16% of total revenue, compared to $45.4 million, or 8% in FY23[7] - Net loss for 2024 was $68,455, compared to a net loss of $110,086 in 2023, showing an improvement of approximately 38%[31] - Net loss for Q4 2024 was $16.428 million, slightly improved from a net loss of $17.410 million in Q4 2023[27] Cash Flow - Cash flow from operations for FY24 was $31.2 million, or 5% of total revenue, down from $36.0 million in FY23[8] - Free cash flow for the year ended December 31, 2024, was $22,183 million, down from $33,030 million in 2023, a decrease of 32.9%[42] - Unlevered free cash flow for the year ended December 31, 2024, was $72,399 million, compared to $55,414 million in 2023, an increase of 30.7%[42] - Net cash provided by operating activities for the year ended December 31, 2024, was $31,192 million, down from $35,964 million in 2023, a decrease of 13.5%[42] Expenses and Liabilities - Operating expenses for the year ended December 31, 2024, totaled $555.167 million, a slight increase from $549.761 million in 2023[27] - Total liabilities decreased to $864.246 million as of December 31, 2024, down from $872.105 million in 2023, a reduction of 0.9%[25] Customer Metrics - The number of customers increased to 76,500 in 2024, up from 75,300 in 2023, showing a growth in the customer base[38] - Dollar-based net retention rate decreased to 104% in 2024 from 108% in 2023, indicating a slight decline in customer retention[38] Stock and Shareholder Value - The company repurchased $35,357 in common stock during financing activities, reflecting a strategic move to enhance shareholder value[31] - The company reported a weighted-average share count of 128,863,245 for Q4 2024, compared to 126,361,484 for Q4 2023[27] Other Financial Metrics - Gross profit for the year ended December 31, 2024, was $486.071 million, representing a 11.9% increase from $434.512 million in 2023[27] - The gross profit margin remained stable at 78% for both 2024 and 2023, indicating consistent profitability[40] - Adjusted EBITDA for Q4 2024 was $31,298 million, compared to $22,906 million in Q4 2023, indicating a year-over-year increase of 36.5%[42] - Stock-based compensation for Q4 2024 was $25,121 million, compared to $22,918 million in Q4 2023, reflecting an increase of 9.6%[42] - The net cash provided by operating activities as a percentage of total revenue was 5% for 2024, compared to 6% in 2023[42] - Free cash flow margin for 2024 was 4%, down from 6% in 2023, indicating a decline in efficiency[42]