SecureWorks Corp. (NASDAQ: SCWX) reported Q4 EPS of $0.02, $0.03 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $142 million versus the consensus estimate of $139.13 million.

Fourth Quarter Fiscal 2020 Financial Results Highlights

• For the fourth quarter of fiscal 2020, both GAAP and non-GAAP revenue increased 8.6 percent to $142.0 million from $130.7 million in the fourth quarter of fiscal 2019.
• GAAP gross margin was 54.4 percent in the fourth quarter of fiscal 2020, compared with 53.4 percent in the same period last year. Non-GAAP gross margin was 57.0 percent compared with 56.0 percent in the fourth quarter of fiscal 2019.
• GAAP net loss was $5.2 million, or $0.06 per share, in the fourth quarter of fiscal 2020, compared with $11.8 million, or $0.15 per share, in the prior year. Non-GAAP net income was $1.9 million, or $0.02 per share, in the fourth quarter of fiscal 2020, compared with $1.5 million, or $0.02 per share, in the same prior year period.
• Adjusted EBITDA for the quarter was $2.3 million, compared with $4.8 million in the fourth quarter of fiscal 2019. Cash provided by operating activities for the fourth quarter of fiscal 2020 was $43.0 million.
• Secureworks ended the fourth quarter with $181.8 million in cash and cash equivalents.

“In the fourth quarter, we more than tripled the number of Managed Detection and Response (MDR) customers on our new platform over the previous quarter,” said Michael R. Cote, Chief Executive Officer of Secureworks. “We are well-positioned to continue delivering on our transformational efforts to be the industry-leading security platform and software provider, backed by a world-class threat intelligence unit.”

For earnings history and earnings-related data on SecureWorks Corp. (SCWX) click here.