Rapid7, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2017
January 24, 2018 at 02:33 am IST
Share
Rapid7, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2017. For the year, the company expected revenue to be in a range of $200.4 million to $200.7 million. Loss from operations to be in a range of $49.3 million to $49.0 million. Net loss to be in a range of $46.5 million to $45.8 million. Cash flows from operating activities to be in a range of $12.5 million to $13.0 million. Annualized recurring revenue to be in a range of $163.0 million to $164.0 million. Non-GAAP loss from operations to be in a range of $26.5 million to $26.3 million. Loss from operations on both a GAAP and non-GAAP basis for the year ended December 31, 2017 reflected revenue growth, partially offset by increased costs of goods sold and increased sales and marketing expense. Net loss for the year ended December 31, 2017 reflected revenue growth, partially offset by increased costs of goods sold and increased sales and marketing expense. Increased cash flow from operating activities for the year ended December 31, 2017 was driven by increased collections as a result of increased calculated billings, partially offset by higher cost of goods sold and higher sales and marketing expense.
For the quarter, the company expected revenue to be in a range of $57.2 million to $57.5 million. Loss from operations to be in a range of $13.9 million to $13.6 million. Net loss to be in a range of $14.0 million to $13.3 million. Annualized recurring revenue to be in a range of $163.0 million to $164.0 million. Non-GAAP loss from operations to be in a range of $7.9 million to $7.7 million. Loss from operations on both a GAAP and non-GAAP basis for the three months ended December 31, 2017, reflected revenue growth, partially offset by increased costs of goods sold and increased commissions as a result of increased calculated billings. Net loss for the three months ended December 31, 2017, reflected revenue growth, partially offset by increased costs of goods sold and increased commissions as a result of increased calculated billings.
Rapid7, Inc. is a global cybersecurity software and services provider. It has the expertise of the security operations center (SOC) across information security, cloud operations, development, and information technology (IT) teams, enabling them to understand the attacker and leverage that information to take control of their fragmented attack surface. Rapid7 Managed Threat Complete (MTC) is its flagship offering and unifies the leading detection and response of Rapid7 Managed Detection and Response (MDR) and the exposure management of Rapid7 Managed Vulnerability Management (MVM) to manage customerâs imminent risks, pinpoint and eliminate threats as early as possible and build resiliency for their future. Its Rapid7 Threat Complete unifies Rapid7 InsightIDR (InsightIDR) and Rapid7 InsightVM (InsightVM) to provide complete risk and threat coverage in a single offering. Its security solutions help more than 11,000 global customers unite cloud risk management and threat detection.
RAPID7, INC. 
