Talend S.A (TLND) Tops Q4 EPS by 13c; Offers Q1 & FY20 EPS/Revenue Guidance Below Consensus

Talend S.A (NASDAQ: TLND) reported Q4 EPS of ($0.07), $0.13 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $66.9 million versus the consensus estimate of $66.26 million.

Fourth Quarter 2019 Financial Results:

• Total revenue of $66.9 million, up 20% year-over-year
• Annual Recurring Revenue (“ARR”) of $243.1 million, up 23% year-over-year on an actual and constant currency basis
• Cloud ARR of $53.9 million, up 179% year-over-year on an actual and constant currency basis
• Cloud represented 50% of new ARR in the fourth quarter
• Subscription revenue of $59.1 million, up 22% year-over-year or 23% on a constant currency basis
• GAAP operating loss of $10.1 million
• Non-GAAP operating loss of $1.3 million
• Dollar-based Net Expansion Rate of 113% on a constant currency basis

“We closed 2019 with record fourth quarter revenue of $66.9 million, up 20% year-over-year, and total ARR of $243.1 million, up 23% year-over-year,” said Christal Bemont, Chief Executive Officer. “Our results were driven by the continued momentum in our cloud business. We now have over 2,250 cloud customers and cloud has become the largest contributor to new ARR. We will be making strategic investments in the business this year as we bolster our go-to-market strategy. We continue to prioritize scaling the rapidly growing cloud business, and positioning Talend for long-term growth.”

GUIDANCE:

Talend S.A sees Q1 2020 EPS of ($0.30)-($0.26), versus the consensus of ($0.25). Talend S.A sees Q1 2020 revenue of $64.9-65.9 million, versus the consensus of $68.68 million.

Talend S.A sees FY2020 EPS of ($1.44)-($1.37), versus the consensus of ($0.60). Talend S.A sees FY2020 revenue of $277-279 million, versus the consensus of $296.6 million.

First quarter of 2020:

• Total revenue is expected to be in the range of $64.9 million to $65.9 million.
• Non-GAAP operating loss is expected to be in the range of $(8.6) million to $(7.6) million.
• Non-GAAP net loss is expected to be in the range of $(9.2) million to $(8.2) million.
• Non-GAAP net loss per share is expected to be in the range of $(0.30) to $(0.26), based on a basic and diluted weighted average share count of 31.2 million shares.

Full year 2020:

• Total revenue is expected to be in the range of $277.0 million to $279.0 million.
• Non-GAAP operating loss is expected to be in the range of $(43.0) million to $(41.0) million.
• Non-GAAP net loss is expected to be in the range of $(45.5) million to $(43.5) million.
• Non-GAAP net loss per share is expected to be in the range of $(1.44) to $(1.37), based on a basic and diluted weighted average share count of 31.7 million shares.
• Free cash flow is expected to be in the range of $(35.0) million to $(30.0) million.

In the first quarter of 2020, the Company initiated a company-wide organizational realignment initiative in order to ensure the infrastructure is in place for future expected growth.

For earnings history and earnings-related data on Talend S.A (TLND) click here.

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