Absolute Reports First Quarter Fiscal 2021 Financial Results

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Go back to Absolute Reports First Quarter Fiscal 2021 Financial Results

Absolute (ABST) Reports Q1 EPS of $0.06 on Revenues of $28.5M; Narrows FY21 Revenue Outlook

November 9, 2020 4:03 PM EST

Absolute (NASDAQ: ABST) reported Q1 EPS of $0.06. Revenue for the quarter came in at $28.5 million.

First Quarter Fiscal 2021 (Q1-F2021) Financial Highlights

Total revenue in Q1-F2021 was $28.5 million, representing a year-over-year increase of 11%.Net income in Q1-F2021 was $2.6 million, representing a year-over-year decrease of 25%.Total Annual Recurring Revenue (ARR) (refer to Non-IFRS Measures and Key Metrics below) at September 30, 2020 was $111.7 million, representing an increase of 13% over the prior year balance and a sequential increase of 3% as compared to June 30, 2020.The Enterprise & Government portions of Total ARR (refer to Non-IFRS... More