Tenable Announces Second Quarter 2024 Financial Results

Core Insights - Tenable Holdings, Inc. reported a revenue of $221.2 million for Q2 2024, reflecting a 13% year-over-year increase [2][3] - The calculated current billings were $221.1 million, marking a 10% increase year-over-year [2][3] - The company experienced a GAAP operating loss of $8.8 million, an improvement from a loss of $10.7 million in Q2 2023 [2][3] - Non-GAAP income from operations was $42.8 million, up from $30.2 million in the same quarter last year [2][3] - Tenable's net cash provided by operating activities was $31.4 million, compared to $30.2 million in Q2 2023 [2][3] Financial Highlights - Revenue for the quarter was $221.2 million, a 13% increase from $195.0 million in Q2 2023 [2][3] - GAAP net loss was $14.6 million, an improvement from a loss of $16.0 million in Q2 2023 [2][3] - Non-GAAP net income was $38.2 million, compared to $26.3 million in Q2 2023 [2][3] - Cash and cash equivalents and short-term investments totaled $487.0 million as of June 30, 2024, up from $474.0 million at the end of 2023 [2][3] Business Developments - The company added 408 new enterprise platform customers and 76 net new six-figure customers [3] - Tenable acquired Eureka Security to enhance its data security posture management capabilities [3] - A strategic alliance was formed with Deloitte to improve proactive security measures for customers [3] - Tenable Cloud Security and Tenable Vulnerability Management were expanded to Amazon Web Services in Abu Dhabi [3] Financial Outlook - For Q3 2024, Tenable expects revenue in the range of $222.0 million to $224.0 million [4] - Non-GAAP income from operations is projected to be between $42.0 million and $44.0 million [4] - For the full year 2024, calculated current billings are expected to be between $957.0 million and $967.0 million [5][6]