Rapid7, Inc. (RPD) Tops Q1 EPS by 1c

Rapid7, Inc. (NASDAQ: RPD) reported Q1 EPS of ($0.09), $0.01 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $94.3 million versus the consensus estimate of $92.81 million.

"Rapid7 delivered a solid start to 2020 amidst a rapidly-shifting environment, exceeding the high end of our guidance range for the first quarter with revenue of $94.3 million and non-GAAP loss from operations of $(3.9) million, and we strengthened our balance sheet through a recent successful convertible note offering" said Corey Thomas, Chairman and CEO of Rapid7.

"Our first quarter results reflect our long standing commitment to innovation as we have built multiple market leading products on an integrated Platform. We remain focused on our long-term opportunity to deliver enhanced value and outcomes to our customers, both through sustained organic innovation and via strategic additions such as our recent acquisition of DivvyCloud."

For earnings history and earnings-related data on Rapid7, Inc. (RPD) click here.

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