Tenable(US:TENB)2020-10-28 19:34Financial Performance - The company has over 30,000 customers, including over 50% of the Fortune 500 and over 30% of the Global 2000 [11] - The company achieved 84% non-GAAP gross margin in Q3 2020 [11] - Q3 YTD 2020 revenue reached $322.1 million, representing 25% growth [12] - The company's recurring revenue accounts for 94% of total revenue as of Q3 2020 [11] - The company improved its free cash flow margin to 8% in Q3 YTD 2020 [72] Market Position and Strategy - The company is a leader in Vulnerability Risk Management (VRM) with the 1 market share [11, 20] - The company's traditional vulnerability management market is estimated to reach $6.1 billion in 2022, with a 12% CAGR [35] - The company has a large and diverse customer base of 30,000+ customers [41] - The company has 112 integrations and 74 technology partners, strengthening its technology ecosystem [44] Technology and Innovation - The company's vulnerability coverage includes >20% more CVEs than competitors [20] - The company discovered 149 zero-day vulnerabilities in 2019 and 104 YTD 2020 [20]