logo
  

SentinelOne Q4 Loss Widens; Stock Down 7%

Shares of SentinelOne, Inc. (S) slipped over 7% in extended trading hours on Tuesday after the company reported its results for the fourth quarter and outlook for the first quarter and full year 2023.

Net loss for the fourth quarter was $71.7 million or $0.27 per share, compared to $37.8 million or $1.00 per share last year. On a per share basis, loss narrowed due to higher number of shares outstanding in the quarter.

Fourth-quarter revenues surged 120% to $65.6 million from $29.9 million last year.

Analysts polled by Thomson Reuters expected a loss of $0.18 per share and revenues of $60.68 million for the quarter. Analysts' estimates typically exclude one-time items.

Annualized recurring revenue increased 123% year-over-year to $292.3 million as of January 31, 2022. Total customer count grew more than 70% year-over-year to over 6,700 customers as of January 31, 2022.

"We delivered ARR growth in the triple digits for a fourth consecutive quarter. Our extraordinary performance was driven by the strength of our XDR platform coupled with relentless focus on innovation and execution," said Tomer Weingarten, CEO of SentinelOne. "With our planned acquisition of Attivo Networks, we're excited to add leading identity threat detection and response to our Zero Trust capabilities."

Looking forward, the company expects revenues of $74 million to $75 million and $366 million to $370 million for the first quarter and full year 2023, respectively. Analysts currently estimate revenues of $68.17 million and $346.17 million for the first quarter and full year 2023, respectively.

S closed Tuesday's trading at $30.89, up $1.34 or 4.53%, on the NYSE. The stock, however, slipped $2.18 or 7.06% in the after-hours trading.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Honda Motor Co, Inc. has recalled about 2,900 units of 2022 model year Honda TRX90X All-Terrain Vehicles (ATVs) sold in the United States for possible crash and injury hazard, according to a statement issued by the U.S. Consumer Product Safety Commission or CPSC. The Laundress, a unit of Conopco Inc. d/b/a Unilever, is recalling around 8 million laundry and household cleaning products citing risk of exposure to bacteria, U.S. Consumer Product Safety Commission. The recall involves Laundress laundry detergent, fabric conditioner and other cleaning products. Tesla Inc. has delivered its first Semi, a heavy-duty electric truck, to its customer PepsiCo Inc. during an event at its Nevada Gigafactory. The delivery of 500-mile fully electric Semi truck comes five years after the launch of the truck's prototype in 2017. During Thursday night's Semi Delivery Event at Tesla's Sparks, Nevada factory, CEO Elon Musk, with Dan Priestly, ...
Follow RTT