Tintri, Inc. (TNTR) Reports In-Line Q3 EPS, Miss on Revenues

Tintri, Inc. (NASDAQ: TNTR) reported Q3 EPS of ($0.79), in-line with the analyst estimate of ($0.79). Revenue for the quarter came in at $31.8 million versus the consensus estimate of $36.55 million.

Q3 Key Quarterly and Year-to-Date Business and Financial Highlights

• Quarterly revenue: $31.8 million, down 6% year-over-year, and year-to-date revenue: $97.0 million, up 15% year-over-year.
• Gross margin increased sequentially 300 basis points to 59.5% GAAP, and 170 basis points to 61.7% non-GAAP.
• Quarterly net loss per share: ($1.21) per share GAAP, and ($0.79) per share non-GAAP, within the company’s guidance range.
• Launched Tintri EC6000 all-flash series for enterprises and the T1000 for remote office and departmental use cases.
• Announced Tintri Cloud Connector to integrate Tintri on-premises with AWS S3 and IBM Cloud Object Storage public cloud.
• Named visionary in the Gartner Magic Quadrant for General-Purpose Disk Arrays for the fourth year in a row.
• New customers: added new enterprise and CSP customers, increasing total customer count to over 1,490.
• Customers spending more than $1M lifetime-to-date increased 59% year-over-year

For earnings history and earnings-related data on Tintri, Inc. (TNTR) click here.

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