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SentinelOne Reports Mixed Q1 Results: EPS Miss, Sales Beat
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SentinelOne Reports Mixed Q1 Results: EPS Miss, Sales Beat
May 30, 2024 2:43 PM

SentinelOne, Inc. ( S ) reported its first-quarter financial results after the bell Thursday. Here's a look at the key figures from the report. 

The Details:

SentinelOne ( S ) reported quarterly losses of 23 cents per share, which missed the analyst consensus estimate of losses of 5 cents by 360%.

Quarterly sales came in at $186.4 million which beat the analyst consensus estimate of $181.09 million by 2.93% and represents a 39.74% increase over sales of $133.39 million from the same period last year.

SentinelOne ( S ) reported annualized recurring revenue (ARR) increased 35% to $762 million for the quarter, and customers with ARR of $100,000 or more grew 30% to 1,193 as of April 30, 2024. Non-GAAP gross margin was 79%, operating cash flow margin was 23%, and free cash flow margin was 18%.

“We delivered an extraordinary 40% revenue growth and our first ever quarter of positive free cash flow, a significant milestone in our growth journey,” said Tomer Weingarten, CEO of SentinelOne ( S ). “Our advancements in AI are redefining cybersecurity and setting new industry standards of superior security, simplicity, and savings for enterprises.”

Outlook: 

SentinelOne ( S ) sees second-quarter revenue of $197 million, compared to the $197.76 million estimate, and fiscal year 2025 revenue in a range of $808 million to $815 million, versus the $816.82 million estimate.

Related News: American Superconductor Stock Climbs On Strong Q4 Results: The Details

S Price Action: According to Benzinga Pro, SentinelOne ( S ) shares are down 12.6% after-hours at $16.98 at the time of publication Thursday.

Image: Courtesy of SentinelOne, Inc. ( S )

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