Tenable Holdings, Inc. (NASDAQ: TENB) reported Q3 EPS of ($0.14), $0.05 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $69.4 million versus the consensus estimate of $66.28 million.

"We are very pleased with the results of the quarter as revenue grew 42% and we increased the number of six figure customers 79% year-over-year," said Amit Yoran, Chairman and CEO of Tenable. "This growth is a testament to the increasing strategic need for Cyber Exposure solutions globally. Our innovative approach to helping organizations understand and reduce cyber risk is driving momentum across our business."

Third Quarter 2018 Financial Highlights

• Revenue was $69.4 million, representing a 42% increase year-over-year.
• Calculated current billings was $86.7 million, representing a 35% increase year-over-year.
• GAAP loss from operations was $21.1 million, compared to a loss of $11.2 million in the third quarter of 2017.
• Non-GAAP loss from operations was $12.2 million, compared to a loss of $9.0 million in the third quarter of 2017.
• GAAP net loss was $20.9 million, compared to a loss of $11.3 million in the third quarter of 2017.
• GAAP net loss per share was $0.28, compared to a loss of $0.51 in the third quarter of 2017.
• Non-GAAP net loss was $12.0 million, compared to a non-GAAP loss of $9.1 million in the third quarter of 2017.
• Pro forma non-GAAP net loss per share was $0.14, compared to pro forma non-GAAP loss per share of $0.12 in the third quarter of 2017.
• Cash and cash equivalents and short-term investments were $287.2 million as of September 30, 2018.
• Net cash used in operating activities was $1.8 million, compared to $1.0 million in the third quarter of 2017.
• Free cash flow was $(2.9) million, compared to $(1.9) million in the third quarter of 2017.

GUIDANCE:

Tenable Holdings, Inc. sees FY2018 EPS of ($0.63)-($0.61), versus the consensus of ($0.71). Tenable Holdings, Inc. sees FY2018 revenue of $264.6-265.1 million, versus the consensus of $260.66 million.

For earnings history and earnings-related data on Tenable Holdings, Inc. (TENB) click here.