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CrowdStrike (NASDAQ:CRWD), cybersecurity company announced its first quarter 2020 financial report. The company reported US$96.1 million in revenue, accelerating at a 103 percent uptick year-over-year. Operating loss for the company stood at US$25.8 million. As quoted in the press release: First Quarter Fiscal 2020 Financial Highlights Revenue: Total revenue was $96.1 million, a 103% increase, compared …
CrowdStrike (NASDAQ:CRWD), cybersecurity company announced its first quarter 2020 financial report. The company reported US$96.1 million in revenue, accelerating at a 103 percent uptick year-over-year. Operating loss for the company stood at US$25.8 million.
As quoted in the press release:
First Quarter Fiscal 2020 Financial Highlights
Revenue: Total revenue was $96.1 million, a 103% increase, compared to $47.3 million in the first quarter of fiscal 2019. Subscription revenue was $86.0 million, a 116% increase, compared to $39.8 million in the first quarter of fiscal 2019.
Annual Recurring Revenue (ARR) increased 114% year-over-year and grew to $364.6 million as of April 30, 2019.
Subscription Gross Margin: GAAP subscription gross margin was 72%, compared to 62% in the first quarter of fiscal 2019. Non-GAAP subscription gross margin was 73%, compared to 62% in the first quarter of fiscal 2019.
Loss from Operations: GAAP loss from operations was $25.8 million, compared to $33.1 million in the first quarter of fiscal 2019. Non-GAAP loss from operations was $21.9 million, compared to $31.2 million in the first quarter of fiscal 2019.
