Shares of Netskope, Inc. (NTSK) declined after the company reported fourth-quarter results.
The stock is currently trading at $9.29, down $2.84 or 23.41%, on the Nasdaq. It opened at $9.72 after closing the previous session at $12.13. The stock has traded between $8.81 and $27.99 over the past 52 weeks.
Netskope reported fourth-quarter revenue of $196.3 million, up 32% from the same period last year.
The company posted a GAAP loss from operations of $114.3 million, compared with a loss of $41.2 million a year earlier. Non-GAAP loss from operations was $20.4 million, compared with $23.0 million in the prior year period.
GAAP net loss was $0.14 per share, compared with a loss of $0.75 per share last year. On a non-GAAP basis, the company reported a loss of $0.04 per share, compared with $0.23 per share in the same quarter a year ago.
For the first quarter of fiscal 2027, Netskope expects revenue of $197 million to $199 million and non-GAAP net loss per share of $0.06 to $0.07.
For fiscal 2027, the company projects total revenue of $870 million to $876 million and non-GAAP net loss per share of about $0.19.
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