Welcome to our dedicated page for Smartsheet news (Ticker: SMAR), a resource for investors and traders seeking the latest updates and insights on Smartsheet stock.
Smartsheet Inc. (symbol: SMAR) is a leading provider of collaborative work management software, delivered through a cloud-based, software-as-a-service (SaaS) model. Trusted by over 90,000 companies and countless information workers, Smartsheet helps accelerate business execution and addresses the challenges associated with modern collaborative work.
Smartsheet’s platform is renowned for its capacity to manage and automate workflows across various business functions. The company’s comprehensive toolkit includes features for project and process management, real-time visibility, reporting, and automation capabilities. This functionality ensures that teams can streamline their processes and enhance productivity.
One of Smartsheet’s distinguishing features is its extensive integration capabilities. The platform maintains rich data integrations with mission-critical applications from industry leaders such as Microsoft, Google, Salesforce, and Atlassian. This seamless connectivity enables users to work efficiently within their existing tech ecosystems.
Smartsheet’s customer base includes more than 50% of the Fortune 500, underscoring the platform’s scalability and robustness. These enterprises rely on Smartsheet to manage high-volume, fast-paced projects and processes.
The company generates revenue through a subscription-based model, where users pay per-user fees and can incur additional charges for expanded platform capabilities. This model allows businesses of all sizes to access Smartsheet’s powerful tools while scaling usage according to their needs.
Recent achievements include enhancements in the platform’s automation functions and the introduction of new features that further simplify workflow management. Smartsheet continues to innovate, ensuring its platform remains at the forefront of the collaborative work management landscape.
For the latest updates and detailed information on Smartsheet’s performance, events, and developments, the Latest News section is continuously updated with the most recent data directly from Smartsheet.
Smartsheet Inc. (SMAR) reported strong second-quarter fiscal 2023 results with revenues reaching $186.7 million, up 42% year-over-year. Calculated billings increased by 44% to $205.6 million. However, the company faced a GAAP net loss of $62.3 million, compared to a loss of $44.2 million in the same quarter last year. Positive trends include a 131% dollar-based net retention rate and a notable increase in high-value customers. For Q3, Smartsheet projects revenues between $193 million and $194 million, indicating growth of 33% to 34% year-over-year.
Smartsheet (NYSE: SMAR) will host its annual ENGAGE conference from September 19-22, 2022, at the Seattle Convention Center. The event will showcase updates to the Smartsheet platform and feature guest speakers like McLaren Racing CEO Zak Brown. Attendees can participate in over 75 breakout sessions covering essential topics such as project management and security. Additionally, participants will have the opportunity to earn certifications in core product usage and project management, aimed at enhancing user skills and organizational efficiency.
Smartsheet (NYSE: SMAR) has appointed Dennis Durkin to its board of directors, where he will also serve on the Audit Committee. Durkin, former CFO of Activision Blizzard and COO of Microsoft’s Interactive Entertainment Business, brings extensive experience in scaling digital businesses. His appointment aligns with Smartsheet's ongoing growth, marked by significant enterprise deployments. CEO Mark Mader expressed confidence in Durkin's ability to enhance financial strategies and support long-term growth.
Smartsheet Inc. (NYSE: SMAR) will release its financial results for Q2 of fiscal 2023 on September 1, 2022, after market close. The results cover the period ending July 31, 2022. A conference call for discussion will follow at 4:30 p.m. ET, accessible via dial-in or webcast on the Smartsheet investor relations site. A replay will be available for one week post-event. For more information, visit Smartsheet's investor website.
Smartsheet Inc. (NYSE: SMAR) announced its Q1 fiscal 2023 results, reporting a 44% year-over-year revenue growth to $168.3 million. However, the company faced a GAAP net loss of $70.5 million compared to $37.1 million in Q1 fiscal 2022, with an operating loss of $69.8 million. Cash flow metrics also worsened, with negative net operating cash flow of $5.1 million. The company anticipates second-quarter revenue between $180 million and $181 million, indicating a 37% year-over-year growth.
Smartsheet Inc. (NYSE: SMAR) will announce its Q1 fiscal year 2023 financial results on June 7, 2022, after U.S. market close. The fiscal quarter ended on April 30, 2022. A conference call with executives will take place at 4:30 p.m. ET to discuss the results. Interested parties can access the call by dialing (888) 440-6385 or (646) 960-0180 (international). The call will also be available via webcast on the company's investor relations website and a replay will be available for seven days following the event.
Smartsheet is partnering with Australian nonprofit DeadlyScience through the Sponsor X initiative at the Australian Grand Prix on April 8-10. The DeadlyScience logo will feature on McLaren's MCL36 race cars to boost awareness and donations for providing STEM resources in remote communities. This initiative promotes meaningful sponsorship, enabling DeadlyScience to receive software licenses, training, and resources to enhance their impact.
Smartsheet (NYSE:SMAR) announced that CFO Pete Godbole will present at the Wolfe Research Virtual 'March Madness' Software Conference on March 23, 2022, at 1:05 p.m. Eastern Time. The presentation will be accessible via a live webcast on Smartsheet's investor website. A replay will be available for a limited time after the event. Smartsheet is recognized as the enterprise platform for dynamic work, helping organizations drive innovation and efficiency.
Smartsheet Inc. (SMAR) reported a strong fourth quarter for fiscal 2022, with total revenue increasing 43% year over year to $157.4 million and calculated billings up 48% to $224.3 million. However, the company faced challenges with a GAAP net loss of $53.1 million and negative cash flow, both operating and free cash flow. For FY23, Smartsheet anticipates revenue growth of 36% to 37%, projecting $750 million to $755 million in total revenue. Notably, the dollar-based net retention rate improved to 134%.
FAQ
What is the current stock price of Smartsheet (SMAR)?
What is the market cap of Smartsheet (SMAR)?
What is Smartsheet Inc.?
What does Smartsheet's platform offer?
How does Smartsheet generate revenue?
Which major companies use Smartsheet?
What are some key integrations supported by Smartsheet?
What recent achievements has Smartsheet made?
Why do companies choose Smartsheet?
How many companies use Smartsheet?
What industries benefit from Smartsheet's platform?
Where can I find the latest news about Smartsheet?
