Elastic N.V. (NYSE: ESTC) reported Q4 EPS of ($0.12), $0.19 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $123.6 million versus the consensus estimate of $116.95 million.

Fourth Quarter Fiscal 2020 Financial Highlights

• Total revenue was $123.6 million, an increase of 53% year-over-year, or 57% on a constant currency basis.
• SaaS revenue was $29.0 million, an increase of 110% year-over-year, or 120% on a constant currency basis.
• Calculated billings was $175.1 million, an increase of 52% year-over-year, or 55% on a constant currency basis.
• Deferred revenue was $259.7 million, an increase of 52% year-over-year.
• GAAP operating loss was $34.6 million; GAAP operating margin was -28%.
• Non-GAAP operating loss was $12.7 million; non-GAAP operating margin was -10%.
• GAAP net loss per share was $0.38; non-GAAP net loss per share was $0.12.
• Operating cash flow was -$5.9 million with free cash flow of -$6.8 million.
• Cash and cash equivalents were $297.1 million as of April 30, 2020.

“Despite a challenging environment, Q4 was an amazing ending to a strong fiscal year,” said Shay Banon, Elastic’s founder and chief executive officer. “I am extremely proud of how Elastic employees continue to support our community of users, partners, and customers, and my heart goes out to those impacted by the COVID-19 situation. Our distributed-by-design approach, rapid pace of innovation, development of customer-focused solutions, our large and geographically diverse customer base, efficient go-to-market, solid customer expansion, and strong balance sheet give us confidence as we address the rich market opportunity ahead of us.”

GUIDANCE:

Elastic N.V. sees Q1 2021 EPS of ($0.19)-($0.17), versus the consensus of ($0.38). Elastic N.V. sees Q1 2021 revenue of $119-122 million, versus the consensus of $120.63 million.

Elastic N.V. sees FY2021 EPS of ($0.98)-($0.85), versus the consensus of ($1.13). Elastic N.V. sees FY2021 revenue of $530-540 million, versus the consensus of $420.62 million.

The Company is providing the following guidance:

For its first quarter of fiscal 2021 (ending July 31, 2020):

• Total revenue is expected to be between $119 million and $122 million.
• Non-GAAP operating margin is expected to be between -12% and -11%.
• Non-GAAP net loss per share is expected to be between $0.19 and $0.17, assuming between 83 million and 84 million weighted average ordinary shares outstanding.

For its fiscal year 2021 (ending April 30, 2021):

• Total revenue is expected to be between $530 million and $540 million.
• Non-GAAP operating margin is expected to be between -15% and -13%.
• Non-GAAP net loss per share is expected to be between $0.98 and $0.85, assuming between 85 million and 87 million weighted average ordinary shares outstanding.

We believe it is prudent to expect some near-term business headwinds as the economic impact from the COVID-19 situation further unfolds. As such, our guidance includes the expected impact of COVID‑19 on our business and results of operations based on information available to us today.

For earnings history and earnings-related data on Elastic N.V. (ESTC) click here.