Smartsheet Inc
SMAR
ISIN US83200N1037 / Valor 41112423
Smartsheet Inc
UMushroom community rating:
About company
Smartsheet Inc. is a prominent cloud-based platform that facilitates work execution for teams and organizations by providing tools for planning, capturing, managing, automating, and reporting on work processes. The company's services aim to enhance efficiency and improve business outcomes for a wide range of clients, including nonprofit organizations, small businesses, and Fortune 500 companies worldwide.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.08.2024):
Total Revenue
In the first quarter of 2024, Smartsheet Inc. reported a total revenue of $262.984 million, which represents an increase from the $219.886 million reported in the same period of 2023. This growth was driven primarily by an increase in subscription revenue.
Subscription Revenue
Smartsheet Inc.'s subscription revenue for Q1 2024 was $249.095 million, up from $206.001 million in Q1 2023. This significant increase highlights the company's success in expanding its customer base and retaining existing customers.
Net Loss
For the first quarter of 2024, Smartsheet Inc. reported a net loss of $8.858 million, a notable improvement compared to the net loss of $29.870 million in the same quarter of the previous year. This reduction in net loss indicates better cost management and operational efficiency.
Operating Expenses
Smartsheet Inc.'s total operating expenses for Q1 2024 were $225.791 million, up from $206.120 million in Q1 2023. The increase in operating expenses was primarily due to higher investments in research and development, as well as sales and marketing efforts.
Non-GAAP Net Income
On a non-GAAP basis, Smartsheet Inc. reported a net income of $44.364 million for the first quarter of 2024, compared to $25.045 million in the same period of 2023. This improvement reflects the company's strong operational performance and effective cost control measures.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
7193 M
Market cap (USD)
512,777
Daily traded volume (Shares)
52.79 / 51.74
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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