Samsara (US:IOT)2024-06-06 20:10Financial Performance - Q1 FY2025 revenue reached $280.7 million, representing a 37% year-over-year growth[4] - Annual Recurring Revenue (ARR) at the end of Q1 FY2025 was $1.176 billion, also reflecting a 37% year-over-year increase[6] - The number of customers with ARR over $100,000 increased by 43% year-over-year, totaling 1,964 customers[6] - Revenue for the three months ended May 4, 2024, was $280,726,000, representing a 37.4% increase from $204,320,000 in the same period last year[34] - Gross profit for the same period was $212,101,000, with a gross margin of 76%, up from 72% year-over-year[39] - Non-GAAP operating income for Q1 FY2025 was $6.2 million, resulting in a non-GAAP operating margin of 2%[5] - Non-GAAP net income for the same period was $15,867,000, compared to a non-GAAP net loss of $11,063,000 in the previous year[39] - The company reported a basic and diluted net loss per share of $0.10 for the three months ended May 4, 2024, compared to $0.13 in the prior year[34] Future Outlook - For Q2 FY2025, the company expects total revenue between $288 million and $290 million, indicating a year-over-year growth of 31% to 32%[7] - The fiscal year 2025 revenue outlook is projected to be between $1.205 billion and $1.213 billion, with a year-over-year growth of 29%[7] - Non-GAAP net income per share for FY2025 is expected to be between $0.13 and $0.15[7] Operational Insights - The company will host an Investor Day on June 27, 2024, to provide further insights into its trajectory and the state of physical operations[9] - Samsara's mission focuses on increasing the safety, efficiency, and sustainability of operations that power the global economy[8] Financial Position - Cash and cash equivalents increased to $162,466,000 as of May 4, 2024, up from $135,536,000 as of February 3, 2024[31] - Total assets as of May 4, 2024, were $1,749,433,000, a slight increase from $1,734,845,000 as of February 3, 2024[31] - Total stockholders' equity rose to $923,888,000 from $915,147,000 in the previous quarter[31] Expenses and Investments - Research and development expenses increased to $72,973,000, up from $60,366,000 year-over-year, reflecting a focus on innovation[34] - Free cash flow for the three months ended May 4, 2024, was $18,608,000, compared to $7,955,000 in the same period last year[42] Profitability Improvement - Net loss for the three months ended May 4, 2024, was $56,289,000, compared to a net loss of $67,856,000 in the prior year, indicating an improvement of 17.5%[34]