SailPoint Announces Second Quarter 2022 Financial Results
SailPoint Technologies reported strong Q2 2022 financial results, with total annual recurring revenue (ARR) of $429.5 million, a 47% increase year-over-year. Total revenue reached $134.3 million, up 31% from Q2 2021, while subscription revenue was $92.3 million, indicating a 43% rise. However, the company faced a net loss of $(29.4) million, compared to a $(16.7) million loss in the previous year. Following an acquisition agreement with Thoma Bravo, SailPoint will not host an earnings call or provide future guidance.
- Total ARR increased to $429.5 million, up 47% year-over-year.
- Total revenue reached $134.3 million, a 31% increase from Q2 2021.
- Subscription revenue was $92.3 million, indicating a 43% increase year-over-year.
- SaaS revenue surged by 83%, reaching $46.4 million.
- Net loss of $(29.4) million, worsening from $(16.7) million in Q2 2021.
- Loss from operations increased to $(26.8) million compared to $(17.0) million in Q2 2021.
- Non-GAAP net loss was $(2.2) million, down from non-GAAP income of $0.1 million a year ago.
-
Total ARR of
$429.5 million 47% year-over-year -
Second quarter 2022 subscription revenue of
$92.3 million 43% year-over-year -
Second quarter 2022 total revenue of
$134.3 million 31% year-over-year
“The SailPoint team executed well to address the consistently strong global demand we continue to see in our business, delivering
Financial Highlights for Second Quarter 2022:
-
ARR: Total ARR at
June 30, 2022 was$429.5 million 47% increase year-over-year. -
Revenue: Total revenue was
$134.3 million 31% increase over Q2 2021. Subscription revenue was$92.3 million 43% increase over Q2 2021, of which SaaS revenue was$46.4 million 83% increase over Q2 2021. -
Operating Income (Loss): Loss from operations was
$(26.8) million $(17.0) million $(2.8) million $0.8 million -
Net Income (Loss): Net loss was
$(29.4) million $(16.7) million $(0.31) $(0.18) $(2.2) million $0.1 million $(0.02) $0.00
The tables included in this press release present a reconciliation of GAAP loss from operations to non-GAAP income (loss) from operations, GAAP net loss to non-GAAP net income (loss) and GAAP to non-GAAP weighted average outstanding shares, each for the three and six months ended
Transaction with
As announced on
Operating Metrics
Total annual recurring revenue (“Total ARR”) represents the annualized value of the active portion of SaaS, term-based license, maintenance and support contracts and other subscription services at the end of the reporting period. We calculate Total ARR by dividing the active contract value by the number of days in the active portion of the overall contract term and then multiplying by 365. See Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Quarterly Report on Form 10-Q for the quarter ended
Non-GAAP Financial Measures
In addition to SailPoint’s financial information presented in accordance with generally accepted accounting principles in
Our non-GAAP financial measures are adjusted for the following factors:
Stock-based compensation expense. We exclude stock-based compensation expense because of varying available valuation methodologies, the use of assumptions and the variety of equity instruments that can impact our non-cash expense. We believe that providing non-GAAP financial measures that exclude stock-based compensation expense allows for more meaningful comparisons between our operating results from period to period.
Amortization of acquired intangible assets. We believe that excluding the impact of amortization of acquired intangible assets allows for more meaningful comparisons between operating results from period to period as the intangible assets are valued at the time of acquisition and are amortized over the useful life, which can be several years after the acquisition.
Amortization of debt issuance costs. The expense for the amortization of debt issuance costs, which relate to SailPoint’s credit agreement (which is undrawn) and the convertible senior notes issued in 2019, is a non-cash item, and we believe the exclusion of this component of interest expense provides a more useful comparison of our operational performance from period to period.
Acquisition related costs and impairment of intangible assets. We exclude these expenses because they are unrelated to our current operations and are neither comparable to the prior period nor indicative of future results. See Note 1 “Description of Business and Summary of Significant Accounting Policies” and Note 4 “Business Combinations” in the notes to the consolidated financial statements included in our Second Quarter Quarterly Report for information about our pending transaction with
SailPoint’s non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in our industry because they may calculate non-GAAP financial results differently. In addition, there are limitations to using non-GAAP financial measures because they are not prepared in accordance with GAAP and exclude expenses that may have a material impact on our reported financial results. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.
Non-GAAP income (loss) from operations.
Non-GAAP net income (loss) and non-GAAP net income (loss) per basic and diluted share.
SailPoint’s presentation of non-GAAP net income (loss) includes the effect of income taxes associated with the non-GAAP adjustments, which is calculated using an estimated effective income tax rate that is commensurate with our non-GAAP pre-tax income (loss). The non-GAAP effective income tax rate is adjusted from the GAAP effective income tax rate to reflect the impact of non-GAAP income (loss) adjustments. Due to the adjustments, the non-GAAP estimated income taxes may differ from GAAP estimated income taxes and actual tax liabilities. Estimated income taxes and tax liabilities reflect currently available information, as well as other factors and assumptions, including current operating structure, existing tax positions in various jurisdictions and key tax legislation in jurisdictions where
The accompanying tables have more details on the reconciliations of non-GAAP financial measures to their nearest comparable GAAP measures.
Forward-Looking Statements:
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including regarding our strategy, future operations, financial position, business outlook, prospects, plans, objectives of management, growth rate and our expectations regarding future revenue, ARR, operating income or loss or earnings or loss per share. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “will be,” “will likely result,” “should,” “expects,” “plans,” “anticipates,” “could,” “would,” “foresees,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “outlook,” “look forward” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. The expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.
Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: the effect of the COVID-19 global pandemic and its aftermath, as well as governmental, business and other actions in response, on the global economy and on our business; our ability to achieve and sustain profitability; our ability to sustain historical growth rates; our ability to attract and retain customers and to deepen our relationships with existing customers; an increased focus in our business from selling licenses to selling subscriptions; breaches in our security, cyber-attacks or other cyber-risks; interruptions with the delivery of our SaaS solutions or third-party cloud-based systems that we use in our operations; our ability to compete successfully against current and future competitors; the length and unpredictable nature of our sales cycle; delayed effects on our operating results from ratably recognizing some of our revenue; fluctuations in our quarterly results; our ability to maintain successful relationships with our channel partners; the increasing complexity of our operations; real or perceived errors, failures or disruptions in our platform or solutions; our ability to adapt and respond to rapidly changing technology, industry standards, regulations or customer needs, requirements or preferences; our ability to achieve and maintain an effective system of disclosure controls and internal control over financial reporting; our ability to comply with our privacy policy or related legal or regulatory requirements; our ability to accurately forecast our estimated annual effective tax rate for financial accounting purposes; our ability to successfully identify, acquire and integrate companies and assets; our ability to maintain high-quality customer satisfaction; and our ability to maintain and enhance our brand or reputation as an industry leader. More information on these risks and other potential factors that could affect our financial results is included in our filings with the
Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.
About
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
|||||||||||||||
(In thousands, except per share data) |
|||||||||||||||
(Unaudited) |
|||||||||||||||
|
Three Months Ended |
|
Six Months Ended |
||||||||||||
|
|
|
|
|
|
|
|
||||||||
Revenue |
|
|
|
|
|
|
|
||||||||
Licenses |
$ |
25,743 |
|
|
$ |
24,450 |
|
|
$ |
41,014 |
|
|
$ |
43,685 |
|
Subscription (1) |
|
92,289 |
|
|
|
64,355 |
|
|
|
177,880 |
|
|
|
123,597 |
|
Services and other |
|
16,251 |
|
|
|
13,681 |
|
|
|
30,809 |
|
|
|
25,966 |
|
Total revenue |
|
134,283 |
|
|
|
102,486 |
|
|
|
249,703 |
|
|
|
193,248 |
|
Cost of revenue |
|
|
|
|
|
|
|
||||||||
Licenses (2) |
|
1,290 |
|
|
|
1,355 |
|
|
|
2,668 |
|
|
|
2,602 |
|
Subscription (2)(3) |
|
22,680 |
|
|
|
13,716 |
|
|
|
42,646 |
|
|
|
25,020 |
|
Services and other (3) |
|
15,723 |
|
|
|
12,519 |
|
|
|
29,560 |
|
|
|
24,318 |
|
Total cost of revenue |
|
39,693 |
|
|
|
27,590 |
|
|
|
74,874 |
|
|
|
51,940 |
|
Gross profit |
|
94,590 |
|
|
|
74,896 |
|
|
|
174,829 |
|
|
|
141,308 |
|
Operating expenses |
|
|
|
|
|
|
|
||||||||
Research and development (2)(3) |
|
33,363 |
|
|
|
23,033 |
|
|
|
64,409 |
|
|
|
42,599 |
|
General and administrative (3) |
|
13,047 |
|
|
|
10,461 |
|
|
|
27,034 |
|
|
|
21,728 |
|
Sales and marketing (2)(3) |
|
74,973 |
|
|
|
58,408 |
|
|
|
140,703 |
|
|
|
109,570 |
|
Total operating expenses |
|
121,383 |
|
|
|
91,902 |
|
|
|
232,146 |
|
|
|
173,897 |
|
Loss from operations |
|
(26,793 |
) |
|
|
(17,006 |
) |
|
|
(57,317 |
) |
|
|
(32,589 |
) |
Other expense, net: |
|
|
|
|
|
|
|
||||||||
Interest income |
|
140 |
|
|
|
212 |
|
|
|
164 |
|
|
|
412 |
|
Interest expense |
|
(615 |
) |
|
|
(632 |
) |
|
|
(1,514 |
) |
|
|
(1,421 |
) |
Other expense, net |
|
(1,128 |
) |
|
|
(219 |
) |
|
|
(1,788 |
) |
|
|
(220 |
) |
Total other expense, net |
|
(1,603 |
) |
|
|
(639 |
) |
|
|
(3,138 |
) |
|
|
(1,229 |
) |
Loss before income taxes |
|
(28,396 |
) |
|
|
(17,645 |
) |
|
|
(60,455 |
) |
|
|
(33,818 |
) |
Income tax (expense) benefit |
|
(975 |
) |
|
|
903 |
|
|
|
(2,000 |
) |
|
|
1,785 |
|
Net loss |
$ |
(29,371 |
) |
|
$ |
(16,742 |
) |
|
$ |
(62,455 |
) |
|
$ |
(32,033 |
) |
Net loss per share |
|
|
|
|
|
|
|
||||||||
Basic |
$ |
(0.31 |
) |
|
$ |
(0.18 |
) |
|
$ |
(0.66 |
) |
|
$ |
(0.35 |
) |
Diluted |
$ |
(0.31 |
) |
|
$ |
(0.18 |
) |
|
$ |
(0.66 |
) |
|
$ |
(0.35 |
) |
Weighted average shares outstanding |
|
|
|
|
|
|
|
||||||||
Basic |
|
94,469 |
|
|
|
92,464 |
|
|
|
94,206 |
|
|
|
92,076 |
|
Diluted |
|
94,469 |
|
|
|
92,464 |
|
|
|
94,206 |
|
|
|
92,076 |
|
(1) Subscription revenue is further disaggregated as follows: |
|||||||||||
|
Three Months Ended |
|
Six Months Ended |
||||||||
|
|
|
|
|
|
|
|
||||
Subscription revenue |
|
|
|
|
|
|
|
||||
SaaS |
$ |
46,362 |
|
$ |
25,369 |
|
$ |
87,489 |
|
$ |
47,258 |
Maintenance and support |
|
43,799 |
|
|
37,304 |
|
|
86,131 |
|
|
72,778 |
Other subscription services |
|
2,128 |
|
|
1,682 |
|
|
4,260 |
|
|
3,561 |
Total subscription revenue |
$ |
92,289 |
|
$ |
64,355 |
|
$ |
177,880 |
|
$ |
123,597 |
(2) Includes amortization of acquired intangibles as follows: |
|||||||||||
|
Three Months Ended |
|
Six Months Ended |
||||||||
|
|
|
|
|
|
|
|
||||
Cost of revenue - licenses |
$ |
829 |
|
$ |
1,008 |
|
$ |
1,658 |
|
$ |
2,016 |
Cost of revenue - subscription |
|
1,557 |
|
|
1,557 |
|
|
3,109 |
|
|
2,414 |
Research and development |
|
169 |
|
|
169 |
|
|
338 |
|
|
337 |
Sales and marketing |
|
1,627 |
|
|
1,626 |
|
|
3,254 |
|
|
2,846 |
Total amortization expense |
$ |
4,182 |
|
$ |
4,360 |
|
$ |
8,359 |
|
$ |
7,613 |
(3) Includes stock-based compensation expense and the related employer payroll tax expense as follows: |
|||||||||||
|
Three Months Ended |
|
Six Months Ended |
||||||||
|
|
|
|
|
|
|
|
||||
Cost of revenue - subscription |
$ |
1,480 |
|
$ |
893 |
|
$ |
2,797 |
|
$ |
1,639 |
Cost of revenue - services and other |
|
1,420 |
|
|
953 |
|
|
2,606 |
|
|
1,835 |
Research and development |
|
4,921 |
|
|
3,310 |
|
|
9,564 |
|
|
5,764 |
General and administrative |
|
2,987 |
|
|
2,579 |
|
|
5,652 |
|
|
4,882 |
Sales and marketing |
|
7,847 |
|
|
5,439 |
|
|
14,475 |
|
|
10,195 |
Total stock-based compensation expense |
$ |
18,655 |
|
$ |
13,174 |
|
$ |
35,094 |
|
$ |
24,315 |
CONDENSED CONSOLIDATED BALANCE SHEETS |
|||||||
(In thousands, except per share data) |
|||||||
|
As of |
||||||
|
|
|
|
||||
|
(Unaudited) |
|
|
||||
Assets |
|
|
|
||||
Current assets |
|
|
|
||||
Cash and cash equivalents |
$ |
402,447 |
|
|
$ |
435,445 |
|
Restricted cash |
|
6,690 |
|
|
|
6,719 |
|
Accounts receivable, net of allowances of |
|
144,185 |
|
|
|
147,156 |
|
Deferred contract acquisition costs, current |
|
29,460 |
|
|
|
25,966 |
|
Contract assets, current |
|
34,035 |
|
|
|
31,640 |
|
Prepayments and other current assets |
|
20,782 |
|
|
|
17,806 |
|
Income taxes receivable |
|
504 |
|
|
|
506 |
|
Total current assets |
|
638,103 |
|
|
|
665,238 |
|
Deferred tax asset - non-current |
|
4,048 |
|
|
|
4,047 |
|
Property and equipment, net |
|
17,280 |
|
|
|
17,151 |
|
Right-of-use assets, net |
|
23,885 |
|
|
|
23,806 |
|
Deferred contract acquisition costs, non-current |
|
72,689 |
|
|
|
68,725 |
|
Contract assets, non-current, net of allowances of |
|
14,825 |
|
|
|
16,991 |
|
Other non-current assets |
|
1,307 |
|
|
|
983 |
|
|
|
289,430 |
|
|
|
289,430 |
|
Intangible assets, net |
|
65,110 |
|
|
|
73,469 |
|
Total assets |
$ |
1,126,677 |
|
|
$ |
1,159,840 |
|
Liabilities and stockholders’ equity |
|
|
|
||||
Current liabilities |
|
|
|
||||
Accounts payable |
|
11,192 |
|
|
|
6,097 |
|
Accrued expenses and other liabilities |
|
60,830 |
|
|
|
89,972 |
|
Income taxes payable |
|
799 |
|
|
|
1,413 |
|
Convertible senior notes, net |
|
386,028 |
|
|
|
385,172 |
|
Deferred revenue |
|
226,667 |
|
|
|
218,937 |
|
Total current liabilities |
|
685,516 |
|
|
|
701,591 |
|
Long-term operating lease liabilities |
|
28,259 |
|
|
|
28,817 |
|
Deferred revenue - non-current |
|
30,533 |
|
|
|
25,193 |
|
Other non-current liabilities |
|
34 |
|
|
|
— |
|
Total liabilities |
|
744,342 |
|
|
|
755,601 |
|
Commitments and contingencies |
|
|
|
||||
Stockholders’ equity |
|
|
|
||||
Common stock, |
|
9 |
|
|
|
9 |
|
Preferred stock, |
|
— |
|
|
|
— |
|
Additional paid in capital |
|
522,461 |
|
|
|
481,910 |
|
Accumulated deficit |
|
(140,135 |
) |
|
|
(77,680 |
) |
Total stockholders' equity |
|
382,335 |
|
|
|
404,239 |
|
Total liabilities and stockholders’ equity |
$ |
1,126,677 |
|
|
$ |
1,159,840 |
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
|||||||
(In thousands) |
|||||||
(Unaudited) |
|||||||
|
Six Months Ended |
||||||
|
|
|
|
||||
Operating activities |
|
|
|
||||
Net loss |
$ |
(62,455 |
) |
|
$ |
(32,033 |
) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
|
|
|
||||
Depreciation and amortization expense |
|
11,391 |
|
|
|
10,733 |
|
Amortization of debt issuance costs |
|
856 |
|
|
|
1,100 |
|
Amortization of contract acquisition costs |
|
14,366 |
|
|
|
9,002 |
|
Loss on disposal of fixed assets |
|
14 |
|
|
|
25 |
|
Provision for credit losses |
|
104 |
|
|
|
268 |
|
Stock-based compensation expense |
|
33,901 |
|
|
|
22,945 |
|
Operating leases, net |
|
(709 |
) |
|
|
(279 |
) |
Deferred taxes |
|
(1 |
) |
|
|
— |
|
Net changes in operating assets and liabilities, net of assets acquired and
|
|
|
|
||||
Accounts receivable |
|
2,857 |
|
|
|
2,223 |
|
Deferred contract acquisition costs |
|
(21,824 |
) |
|
|
(16,598 |
) |
Contract assets |
|
(219 |
) |
|
|
(7,443 |
) |
Prepayments and other current assets |
|
(2,659 |
) |
|
|
(1,261 |
) |
Other non-current assets |
|
(324 |
) |
|
|
1,095 |
|
Accounts payable |
|
5,095 |
|
|
|
1,934 |
|
Accrued expenses and other liabilities |
|
(29,036 |
) |
|
|
(15,415 |
) |
Income taxes |
|
(612 |
) |
|
|
(3,577 |
) |
Deferred revenue |
|
13,070 |
|
|
|
2,675 |
|
Net cash used in operating activities |
|
(36,185 |
) |
|
|
(24,606 |
) |
Investing activities |
|
|
|
||||
Purchase of property and equipment |
|
(3,501 |
) |
|
|
(1,991 |
) |
Proceeds from sale of property and equipment |
|
9 |
|
|
|
12 |
|
Purchase of intangibles |
|
— |
|
|
|
(40 |
) |
Business acquisitions, net of cash acquired |
|
— |
|
|
|
(70,960 |
) |
Net cash used in investing activities |
|
(3,492 |
) |
|
|
(72,979 |
) |
Financing activities |
|
|
|
||||
Payments for partial conversion of convertible senior notes |
|
— |
|
|
|
(10,160 |
) |
Taxes associated with net issuances of shares upon vesting of restricted stock units |
|
(1,571 |
) |
|
|
(3,062 |
) |
Proceeds from employee stock purchase plan contributions |
|
5,435 |
|
|
|
5,234 |
|
Exercise of stock options |
|
2,786 |
|
|
|
2,967 |
|
Net cash provided by (used in) financing activities |
|
6,650 |
|
|
|
(5,021 |
) |
Net decrease in cash, cash equivalents and restricted cash |
|
(33,027 |
) |
|
|
(102,606 |
) |
Cash, cash equivalents and restricted cash, beginning of period |
|
442,164 |
|
|
|
516,644 |
|
Cash, cash equivalents and restricted cash, end of period |
$ |
409,137 |
|
|
$ |
414,038 |
|
RECONCILIATION OF NON-GAAP INCOME (LOSS) FROM OPERATIONS |
|||||||||||||||
(In thousands) |
|||||||||||||||
(Unaudited) |
|||||||||||||||
|
Three Months Ended |
|
Six Months Ended |
||||||||||||
|
|
|
|
|
|
|
|
||||||||
Loss from operations on a GAAP basis |
$ |
(26,793 |
) |
|
$ |
(17,006 |
) |
|
$ |
(57,317 |
) |
|
$ |
(32,589 |
) |
Add back: |
|
|
|
|
|
|
|
||||||||
Stock-based compensation expense (1) |
|
18,655 |
|
|
|
13,174 |
|
|
|
35,094 |
|
|
|
24,315 |
|
Amortization of acquired intangibles |
|
4,182 |
|
|
|
4,360 |
|
|
|
8,359 |
|
|
|
7,613 |
|
Acquisition related costs (2) |
|
1,163 |
|
|
|
288 |
|
|
|
1,763 |
|
|
|
2,151 |
|
Impairment of intangible assets |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Non-GAAP income (loss) from operations |
$ |
(2,793 |
) |
|
$ |
816 |
|
|
$ |
(12,101 |
) |
|
$ |
1,490 |
|
| (1) | Stock-based compensation expense includes employer related payroll tax expense. |
| (2) |
Acquisition related costs are transaction costs, which include legal, accounting and consulting professional service fees. The 2022 costs pertain to the pending recently announced go-private transaction with |
RECONCILIATION OF NON-GAAP NET INCOME (LOSS) |
|||||||||||||||
(In thousands, except per share data) |
|||||||||||||||
(Unaudited) |
|||||||||||||||
|
Three Months Ended |
|
Six Months Ended |
||||||||||||
|
|
|
|
|
|
|
|
||||||||
Net loss on a GAAP basis |
$ |
(29,371 |
) |
|
$ |
(16,742 |
) |
|
$ |
(62,455 |
) |
|
$ |
(32,033 |
) |
Add back: |
|
|
|
|
|
|
|
||||||||
Stock-based compensation expense (1) |
|
18,655 |
|
|
|
13,174 |
|
|
|
35,094 |
|
|
|
24,315 |
|
Amortization of acquired intangibles |
|
4,182 |
|
|
|
4,360 |
|
|
|
8,359 |
|
|
|
7,613 |
|
Amortization of debt issuance costs |
|
388 |
|
|
|
467 |
|
|
|
856 |
|
|
|
1,100 |
|
Acquisition related costs (2) |
|
1,163 |
|
|
|
288 |
|
|
|
1,763 |
|
|
|
2,151 |
|
Impairment of intangible assets |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Effect of income taxes associated with the above adjustments (3) |
|
2,794 |
|
|
|
(1,445 |
) |
|
|
6,117 |
|
|
|
(2,595 |
) |
Non-GAAP net income (loss) |
$ |
(2,189 |
) |
|
$ |
102 |
|
|
$ |
(10,266 |
) |
|
$ |
551 |
|
Non-GAAP net income (loss) per share |
|
|
|
|
|
|
|
||||||||
Basic |
$ |
(0.02 |
) |
|
$ |
0.00 |
|
|
$ |
(0.11 |
) |
|
$ |
0.01 |
|
Diluted |
$ |
(0.02 |
) |
|
$ |
0.00 |
|
|
$ |
(0.11 |
) |
|
$ |
0.01 |
|
Non-GAAP weighted average outstanding shares |
|
|
|
|
|
|
|
||||||||
Basic |
|
94,469 |
|
|
|
92,464 |
|
|
|
94,206 |
|
|
|
92,076 |
|
Diluted |
|
94,469 |
|
|
|
94,936 |
|
|
|
94,206 |
|
|
|
95,077 |
|
| (1) | Stock-based compensation expense includes employer related payroll tax expense. |
| (2) |
Acquisition related costs are transaction costs, which include legal, accounting and consulting professional service fees. The 2022 costs pertain to the pending recently announced go-private transaction with |
| (3) |
The GAAP effective tax rates were (3.3)% and |
RECONCILIATION OF NON-GAAP WEIGHTED AVERAGE OUTSTANDING SHARES |
|||||||
(In thousands) |
|||||||
(Unaudited) |
|||||||
|
Three Months Ended |
|
Six Months Ended |
||||
|
|
|
|
|
|
|
|
Weighted average outstanding shares used to compute net loss per share, basic and diluted, on a GAAP basis |
|
|
|
|
|
|
|
Basic |
94,469 |
|
92,464 |
|
94,206 |
|
92,076 |
Diluted |
94,469 |
|
92,464 |
|
94,206 |
|
92,076 |
Non-GAAP weighted average outstanding shares |
|
|
|
|
|
|
|
Basic |
94,469 |
|
92,464 |
|
94,206 |
|
92,076 |
Effect of potentially dilutive securities |
— |
|
2,472 |
|
— |
|
3,001 |
Diluted |
94,469 |
|
94,936 |
|
94,206 |
|
95,077 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20220809005818/en/
Investor Relations
ICR for
investor@sailpoint.com
512-664-8916
Media Relations
Jessica.sutera@sailpoint.com
978-793-0085
Source:
FAQ
What were SailPoint's Q2 2022 revenue figures?
What is SailPoint's annual recurring revenue as of Q2 2022?
How much was SailPoint's net loss in Q2 2022?
Was there any earnings guidance provided by SailPoint for Q3 2022?
