[August 02, 2017] |
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Alteryx Announces Second Quarter 2017 Financial Results
Alteryx, Inc. (NYSE: AYX), a leader in self-service data analytics,
today announced financial results for its second quarter ended June 30,
2017.
"This was another strong quarter for Alteryx, highlighted by 52%
year-over-year revenue growth, ongoing success with our land and expand
model, which brought our total number of customers to over 2,800 as of
the end of the quarter, and positive cash flow from operating
activities," said Dean Stoecker, CEO of Alteryx, Inc.
Stoecker continued, "Our second quarter results reinforce that we are
building momentum for our end-to-end analytics platform, delivering
value to our customers, strengthening the Alteryx community, and meeting
the untapped needs of both the self-service data analyst and data
scientist. The Alteryx platform allows users to experience the thrill of
solving, and nowhere was this better on display than through the record
attendance at our annual customer conference, Inspire, which we held in
June. We are also seeing the emergence of chief data officers within
organizations who are focused on weaving data and analytics into the
culture of the company. These advocates for modern analytic solutions,
like Alteryx, are driving adoption of our solutions across the
enterprise."
Second Quarter 2017 Financial Highlights
-
Revenue: Revenue for the second quarter was $30.3
million, an increase of 52% year-over-year.
-
Gross Profit: GAAP gross profit for the second quarter was
$25.0 million, or a GAAP gross margin of 83%, an increase compared to
GAAP gross profit of $16.2 million, or an 81% GAAP gross margin, in
the second quarter of 2016. Non-GAAP gross profit for the second
quarter was $25.4 million, or a non-GAAP gross margin of 84%, an
increase compared to non-GAAP gross profit of $16.2 million, or an 81%
non-GAAP gross margin, in the second quarter of 2016.
-
Loss from Operations: GAAP loss from operations for the second
quarter was $(8.1) million, compared to a loss from operations
of $(7.2) million for the second quarter of 2016. Non-GAAP loss from
operations for the second quarter was $(5.5) million, an
improvement compared to non-GAAP loss from operations of $(6.4)
million for the second quarter of 2016.
-
Net Loss: GAAP net loss attributable to common
stockholders for the second quarter was $(7.0) million, an improvement
compared to a GAAP net loss attributable to common stockholders of
$(8.9) million for the second quarter of 2016. GAAP net loss per share
attributable to common stockholders for the second quarter was
$(0.12), based on 58.3 million weighted-average basic and diluted
shares outstanding, compared to a GAAP net loss per share attributable
to common stockholders of $(0.28), based on 32.4 million
weighted-average basic and diluted shares outstanding, for the second
quarter of 2016.
Non-GAAP net loss for the second quarter
was $(5.3) million, an improvement compared to a non-GAAP net loss of
$(6.7) million for the second quarter of 2016. Non-GAAP net loss per
share for the second quarter was $(0.09), based on 58.3 million
non-GAAP weighted-average basic and diluted shares outstanding,
compared to a non-GAAP net loss per share of $(0.14), based on 47.0
million non-GAAP weighted-average basic and diluted shares
outstanding, for the second quarter of 2016.
-
Balance Sheet and Cash Flow: As of June 30, 2017, Alteryx had
cash, cash equivalents, and short- and long-term investments of $182.7
million. Cash provided by operating activities for the second quarter
of 2017 was $0.7 million compared to $(7.0) million used in operating
activities in the same period last year. For the first six months of
2017, cash provided by operating activities was $5.7 million, compared
to $(4.0) million used in operating activities for the same period
last year.
A reconciliation of GAAP to non-GAAP financial measures is provided in
the tables included in this press release. An explanation of these
measures is also included below under the heading "Non-GAAP Financial
Measures."
Second Quarter and Recent Business Highlights
-
Ended the second quarter of 2017 with 2,823 customers, a 54% increase
from the second quarter of 2016. Added 258 net new customers in the
second quarter of 2017.
-
Achieved a dollar-based net revenue retention rate of 134% for the
second quarter of 2017.
-
Acquired Yhat, Inc., a data science software company headquartered in
Brooklyn, New York. Yhat provides data scientists and analysts with
self-service data science tools for developing, managing and deploying
machine learning models to web and mobile applications faster and with
fewer resources. The acquisition will further enhance the Alteryx data
analytics platform and build on its strategy to help organizations
empower citizen data scientists and trained data scientists to rapidly
deploy and manage advanced analytic models.
-
Announced Alteryx Connect, a data exploration platform that empowers
users to discover and collaborate on data assets, visualizations,
reports and workflows typically siloed across large enterprises. With
Alteryx Connect, users can easily find curated data and relevant
information from both Alteryx-connected data and other data sources -
ultimately decreasing time to insight.
-
Announced the next release of Alteryx Designer during a keynote
session at its user conference, Inspire. This release enhances the
analytics workbench so that chief data officers and analytics
organizations can better scale globally, and allows business users to
capitalize on more data assets and to grow their skillset to obtain
answers for critical business insights.
-
Announced it will offer Alteryx Server in a cloud computing
environment on Microsoft Azure. Organizations can now quickly deploy
Alteryx Server, a powerful platform to share analytical workflows
across the enterprise, via the Azure Marketplace to empower analysts
and business users to more easily consume data and make more informed
business decisions.
Financial Outlook
As of August 2, 2017, guidance for the third quarter 2017 and full year
2017 is as follows:
-
Third Quarter 2017 Guidance:
-
Revenue is expected to be in the range of $31.8 million to $32.3
million.
-
Non-GAAP loss from operations is expected to be in the range of
$(4.5) million to $(5.0) million.
-
Non-GAAP net loss per share is expected to be in the range of
$(0.08) to $(0.09) based on approximately 59.0 million non-GAAP
weighted-average basic and diluted shares outstanding.
-
Full Year 2017 Guidance:
-
Revenue is now expected to be in the range of $125.0 million to
$126.0 million.
-
Non-GAAP loss from operations is now expected to be in the range
of $(18.0) million to $(19.0) million.
-
Non-GAAP net loss per share is now expected to be in the range of
$(0.32) to $(0.34) based on approximately 56.5 million non-GAAP
weighted-average basic and diluted shares outstanding.
The financial outlook above for non-GAAP loss from operations and
non-GAAP net loss per share exclude estimates for stock-based
compensation expense and acquisition related adjustments, and for
non-GAAP net loss per share also excludes the accretion of Series A
redeemable convertible preferred stock. A reconciliation of the non-GAAP
financial guidance measures to corresponding GAAP measures is not
available on a forward-looking basis primarily as a result of the
uncertainty regarding, and the potential variability of, stock-based
compensation expense and amortization of intangible assets. In
particular, stock-based compensation expense is impacted by our future
hiring and retention needs, as well as the future fair market value of
our Class A common stock, all of which is not within our control, is
difficult to predict and is subject to constant change. The actual
amount of these expenses during 2017 will have a significant impact on
our future GAAP financial results. Accordingly, a reconciliation of the
non-GAAP financial guidance measures to the corresponding GAAP measures
is not available without unreasonable effort.
Quarterly Conference Call
Alteryx will host a conference call today at 5:00 p.m. Eastern Time to
discuss the company's financial results. To access this call, dial
877-407-9716 (domestic) or 201-493-6779 (international). A live webcast
of this conference call will be available on the "Investors" page of the
Company's website at www.alteryx.com.
Following the conference call, a telephone replay will be available
through August 9, 2017, at 844-512-2921 (domestic) or 412-317-6671
(international). The replay passcode is 13665663. An archived webcast of
this conference call will also be available in the "Investors" section
of the Company's website.
Non-GAAP Financial Measures
To supplement our condensed consolidated financial statements, which are
prepared and presented in accordance with GAAP, we use the following
non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross
margin, non-GAAP loss from operations, non-GAAP net loss, non-GAAP net
loss per share, and non-GAAP weighted-average basic and diluted shares
outstanding. The presentation of these financial measures is not
intended to be considered in isolation or as a substitute for, or
superior to, financial information prepared and presented in accordance
with GAAP.
We use non-GAAP measures to internally evaluate and analyze financial
results. We believe these non-GAAP financial measures provide investors
with useful supplemental information about the financial performance of
our business, enable comparison of financial results between periods
where certain items may vary independent of business performance, and
enable comparison of our financial results with other public companies,
many of which present similar non-GAAP financial measures. We exclude
the following items from one or more of our non-GAAP financial measures:
Stock-based compensation expense. We exclude stock-based
compensation expense, which is a non-cash expense, from certain of our
non-GAAP financial measures because we believe that excluding this item
provides meaningful supplemental information regarding operational
performance. In particular, companies calculate stock-based compensation
expense using a variety of valuation methodologies and subjective
assumptions.
Acquisition related adjustments. We exclude amortization of
intangible assets, changes in fair value of contingent consideration,
and related income tax adjustments, which are non-cash, related to
business combinations from certain of our non-GAAP financial measures.
We exclude such expenses as they are related to a business combination
and have no direct correlation to the operation of our business.
Accretion of Series A redeemable convertible preferred stock. We
exclude accretion relating to our Series A redeemable convertible
preferred stock from non-GAAP net loss per share because this is a
non-cash item that will not recur in the periods following our initial
public offering.
In addition, we adjust non-GAAP weighted-average basic and diluted
shares outstanding to include the conversion of the redeemable
convertible preferred stock into shares of common stock as though the
conversion had occurred at the beginning of all periods presented as if
they had been outstanding since the beginning of each of the respective
periods.
Investors are cautioned that there are material limitations associated
with the use of non-GAAP financial measures as an analytical tool. In
particular, we exclude stock-based compensation expense and amortization
of intangible assets which are recurring and will be reflected in our
financial results for the foreseeable future. The non-GAAP measures we
use may be different from non-GAAP financial measures used by other
companies, limiting their usefulness for comparison purposes. We
compensate for these limitations by providing specific information
regarding the GAAP items excluded from these non-GAAP financial measures.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding our outlook for
the third quarter of 2017 and full year 2017, our market opportunity,
our ability to execute the company's long-term growth strategy, and
other future events. These forward-looking statements are only
predictions and may differ materially from actual results due to a
variety of factors including, but not limited to: our limited operating
history under our current business model; our ability to manage our
growth effectively; the rate of growth in the market for analytics
products and services; our ability to attract new customers and expand
sales to existing customers; our ability to develop and release product
and service enhancements and new products and services to respond to
rapid technological change in a timely and cost-effective manner;
intense and increasing competition in our market; our ability to
develop, maintain, and enhance our brand and reputation
cost-effectively; our ability to expand our sales force and the
effectiveness of our sales force; our ability to establish and maintain
successful relationships with our channel partners; risks associated
with our international operations; litigation and related costs; and
other general market, political, economic, and business conditions.
Additional risks and uncertainties that could affect our financial
results are included under the caption "Risk Factors" in our Quarterly
Report on Form 10-Q for the three months ended March 31, 2017, which is
available on the Investor Relations page of our website at www.alteryx.com and
on the SEC website at www.sec.gov.
Additional information will also be set forth in our Quarterly Report on
Form 10-Q for the three months ended June 30, 2017. All forward-looking
statements contained herein are based on information available to us as
of the date hereof and we do not assume any obligation to update these
statements as a result of new information or future events.
About Alteryx, Inc.
Alteryx (NYSE: AYX) is a leader in self-service data analytics. Alteryx
provides analysts with the unique ability to easily prep, blend and
analyze all of their data using a repeatable workflow, then deploy and
share analytics at scale for deeper insights in hours, not weeks.
Analysts love the Alteryx platform because they can connect to and
cleanse data from data warehouses, cloud applications, spreadsheets and
other sources, easily join this data together, then perform analytics -
predictive, statistical, and spatial - using the same intuitive user
interface, without writing any code. Thousands of companies and data
analysts worldwide rely on Alteryx daily. Visit www.alteryx.com
or call 1-888-836-4274.
Alteryx is a registered trademark of Alteryx, Inc.
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Alteryx, Inc.
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Condensed Consolidated Statements of Operations and Comprehensive
Loss
|
(in thousands, except per share data)
|
(unaudited)
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|
|
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Three Months Ended June 30,
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Six Months Ended June 30,
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2017
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2016
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2017
|
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2016
|
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|
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|
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|
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Revenue
|
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$
|
30,319
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|
|
$
|
19,972
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|
|
|
$
|
58,864
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|
|
$
|
38,366
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|
Cost of revenue
|
|
|
|
5,294
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|
|
|
|
3,766
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|
|
|
|
10,120
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|
|
|
|
7,665
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Gross profit
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25,025
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|
|
16,206
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|
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48,744
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30,701
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Operating expenses:
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Research and development
|
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7,147
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|
|
4,068
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|
|
|
|
13,169
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|
|
|
|
7,923
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|
Sales and marketing
|
|
|
|
17,589
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|
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|
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15,444
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|
|
|
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33,217
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|
|
|
|
29,074
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General and administrative
|
|
|
|
8,427
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|
|
|
|
3,909
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|
|
|
|
16,110
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|
|
|
|
7,325
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|
Total operating expenses
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|
|
|
33,163
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|
|
|
|
23,421
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|
|
|
|
62,496
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|
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44,322
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Loss from operations
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|
|
(8,138
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)
|
|
|
|
(7,215
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)
|
|
|
|
(13,752
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)
|
|
|
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(13,621
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)
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Other Income (expense), net
|
|
|
|
337
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(188
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)
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434
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(278
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)
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Loss before provision for (benefit of) income taxes
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|
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(7,801
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)
|
|
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|
(7,403
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)
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|
|
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(13,318
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)
|
|
|
|
(13,899
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)
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Provision for (benefit of) income taxes
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|
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(807
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)
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53
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|
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(657
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)
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|
90
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Net loss
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|
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$
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(6,994
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)
|
|
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$
|
(7,456
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)
|
|
|
$
|
(12,661
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)
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|
|
$
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(13,989
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)
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Less: Accretion of Series A redeemable convertible preferred stock
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-
|
|
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|
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(1,455
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)
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|
|
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(1,983
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)
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|
|
|
(2,733
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)
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Net loss attributable to common stockholders
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|
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$
|
(6,994
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)
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|
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$
|
(8,911
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)
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|
|
$
|
(14,644
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)
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|
|
$
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(16,722
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)
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Net loss per share attributable to common stockholders, basic and
diluted
|
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$
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(0.12
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)
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$
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(0.28
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)
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$
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(0.31
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)
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|
$
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(0.52
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)
|
Weighted-average shares used to compute net loss per share
attributable to
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common stockholders, basic and diluted
|
|
|
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58,262
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|
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|
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32,364
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46,757
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|
|
|
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32,315
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Other comprehensive income (loss), net of tax:
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Net unrealized holding gain (loss) on investments, net of tax
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(75
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)
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|
20
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|
|
|
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(86
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)
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|
|
84
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Foreign currency translation adjustments, net of tax
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|
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(60
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)
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|
|
|
-
|
|
|
|
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(108
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)
|
|
|
|
-
|
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Other comprehensive income (loss), net of tax
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|
|
|
(135
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)
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|
|
20
|
|
|
|
|
(194
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)
|
|
|
|
84
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|
Total comprehensive loss
|
|
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$
|
(7,129
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)
|
|
|
$
|
(7,436
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)
|
|
|
$
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(12,855
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)
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|
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$
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(13,905
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)
|
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Alteryx, Inc.
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Stock-Based Compensation Expense
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(in thousands)
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(unaudited)
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Three Months Ended June 30,
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Six Months Ended June 30,
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2017
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2016
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2017
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2016
|
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Cost of revenue
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$
|
124
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|
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$
|
22
|
|
|
$
|
245
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|
|
$
|
48
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Research and development
|
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|
|
463
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|
|
|
71
|
|
|
|
699
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|
|
|
144
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Sales and marketing
|
|
|
|
524
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|
|
|
324
|
|
|
|
1,183
|
|
|
|
634
|
General and administrative
|
|
|
|
1,177
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|
|
|
374
|
|
|
|
2,103
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|
|
|
602
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Total stock-based compensation expense
|
|
|
$
|
2,288
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|
|
$
|
791
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|
|
$
|
4,230
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|
|
$
|
1,428
|
|
|
|
|
|
|
|
|
|
Alteryx, Inc.
|
|
Condensed Consolidated Balance Sheets
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(in thousands, except par value)
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|
(unaudited)
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|
|
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June 30,
|
|
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December 31,
|
|
|
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|
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|
|
2017
|
|
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2016
|
|
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Assets
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Current assets:
|
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Cash and cash equivalents
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$
|
98,415
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$
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31,306
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Short-term investments
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|
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|
54,288
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|
|
|
|
21,394
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Accounts receivable, net
|
|
|
|
27,187
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|
|
|
|
35,367
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Deferred commissions
|
|
|
|
6,357
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|
|
|
|
7,358
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Prepaid expenses and other current assets
|
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|
|
5,129
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|
|
|
|
5,013
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Total current assets
|
|
|
|
191,376
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|
|
|
|
100,438
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|
|
|
|
|
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|
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|
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Property and equipment, net
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|
|
|
6,493
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|
|
|
|
6,212
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Long-term investments
|
|
|
|
30,013
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|
|
|
|
-
|
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Goodwill
|
|
|
|
8,724
|
|
|
|
|
-
|
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Intangible assets, net
|
|
|
|
8,917
|
|
|
|
|
-
|
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Other assets
|
|
|
|
4,649
|
|
|
|
|
4,765
|
|
Total assets
|
|
|
$
|
250,172
|
|
|
|
$
|
111,415
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities, Redeemable Convertible Preferred Stock, and
Stockholders' Equity (Deficit)
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
Accounts payable
|
|
|
$
|
4,663
|
|
|
|
$
|
1,780
|
|
Accrued payroll and related liabilities
|
|
|
|
7,011
|
|
|
|
|
7,760
|
|
Accrued expenses and other current liabilities
|
|
|
|
8,297
|
|
|
|
|
4,987
|
|
Deferred revenue
|
|
|
|
73,289
|
|
|
|
|
71,050
|
|
Total current liabilities
|
|
|
|
93,260
|
|
|
|
|
85,577
|
|
Deferred revenue
|
|
|
|
3,461
|
|
|
|
|
3,084
|
|
Other liabilities
|
|
|
|
2,855
|
|
|
|
|
1,182
|
|
Total liabilities
|
|
|
|
99,576
|
|
|
|
|
89,843
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commitments and contingencies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redeemable convertible preferred stock, $0.0001 par value: no shares
and 14,899 shares authorized as
|
|
|
|
|
|
|
of June 30, 2017 and December 31, 2016, respectively; no shares and
14,647 shares issued and
|
|
|
|
|
|
|
outstanding as of June 30, 2017 and December 31, 2016, respectively;
aggregate liquidation preference
|
|
|
|
|
|
|
of $0 and $87,448 as of June 30, 2017 and December 31, 2016,
respectively
|
|
|
|
-
|
|
|
|
|
99,182
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity (deficit):
|
|
|
|
|
|
|
Preferred stock, $0.0001 par value, 10,000 and no shares authorized
as of June 30, 2017 and
|
|
|
|
|
|
|
December 31, 2016, respectively; no shares issued and outstanding as
of June 30, 2017 and
|
|
|
|
|
|
|
December 31, 2016
|
|
|
|
-
|
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock, $0.0001 par value: 1,000,000 and 56,025 shares
authorized as of June 30, 2017
|
|
|
|
|
|
|
and December 31, 2016, respectively; 58,711 and 32,674 shares issued
and outstanding as of
|
|
|
|
|
|
|
June 30, 2017 and December 31, 2016, respectively
|
|
|
|
5
|
|
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional paid-in capital
|
|
|
|
249,502
|
|
|
|
|
8,443
|
|
Accumulated deficit
|
|
|
|
(98,708
|
)
|
|
|
|
(86,047
|
)
|
Accumulated other comprehensive loss
|
|
|
|
(203
|
)
|
|
|
|
(9
|
)
|
Total stockholders' equity (deficit)
|
|
|
|
150,596
|
|
|
|
|
(77,610
|
)
|
Total liabilities, redeemable convertible preferred stock, and
stockholders' equity (deficit)
|
|
|
$
|
250,172
|
|
|
|
$
|
111,415
|
|
|
|
|
Alteryx, Inc.
|
Condensed Consolidated Statements of Cash Flows
|
(in thousands)
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
|
|
|
|
|
|
2017
|
|
|
|
|
2016
|
|
|
|
|
2017
|
|
|
|
|
2016
|
|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
|
$
|
(6,994
|
)
|
|
|
$
|
(7,456
|
)
|
|
|
$
|
(12,661
|
)
|
|
|
$
|
(13,989
|
)
|
Adjustments to reconcile net loss to net cash provided by (used in)
operating activities:
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
|
873
|
|
|
|
|
381
|
|
|
|
|
1,439
|
|
|
|
|
689
|
|
Stock-based compensation
|
|
|
|
2,233
|
|
|
|
|
791
|
|
|
|
|
4,175
|
|
|
|
|
1,428
|
|
Provision for doubtful accounts and sales reserve, net of recoveries
|
|
|
|
434
|
|
|
|
|
(122
|
)
|
|
|
|
784
|
|
|
|
|
-
|
|
Deferred income taxes
|
|
|
|
(1,048
|
)
|
|
|
|
-
|
|
|
|
|
(1,048
|
)
|
|
|
|
-
|
|
Change in fair value of contingent consideration
|
|
|
|
158
|
|
|
|
|
-
|
|
|
|
|
158
|
|
|
|
|
-
|
|
Loss on disposal of assets
|
|
|
|
2
|
|
|
|
|
111
|
|
|
|
|
32
|
|
|
|
|
76
|
|
Changes in operating assets and liabilities, net of effect of
business acquisition:
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable
|
|
|
|
(3,517
|
)
|
|
|
|
(3,555
|
)
|
|
|
|
7,658
|
|
|
|
|
4,740
|
|
Deferred commissions
|
|
|
|
237
|
|
|
|
|
141
|
|
|
|
|
1,097
|
|
|
|
|
584
|
|
Prepaid expenses and other current assets and other assets
|
|
|
|
291
|
|
|
|
|
471
|
|
|
|
|
(929
|
)
|
|
|
|
93
|
|
Accounts payable
|
|
|
|
2,486
|
|
|
|
|
376
|
|
|
|
|
1,961
|
|
|
|
|
1,067
|
|
Accrued payroll and payroll related liabilities
|
|
|
|
2,772
|
|
|
|
|
218
|
|
|
|
|
(734
|
)
|
|
|
|
(2,486
|
)
|
Accrued expenses and other current liabilities
|
|
|
|
12
|
|
|
|
|
(261
|
)
|
|
|
|
989
|
|
|
|
|
188
|
|
Deferred revenue
|
|
|
|
2,681
|
|
|
|
|
2,148
|
|
|
|
|
2,563
|
|
|
|
|
3,866
|
|
Other liabilities
|
|
|
|
49
|
|
|
|
|
(202
|
)
|
|
|
|
208
|
|
|
|
|
(210
|
)
|
Net cash provided by (used in) operating activities
|
|
|
|
669
|
|
|
|
|
(6,959
|
)
|
|
|
|
5,692
|
|
|
|
|
(3,954
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of property and equipment
|
|
|
|
(701
|
)
|
|
|
|
(917
|
)
|
|
|
|
(1,209
|
)
|
|
|
|
(2,318
|
)
|
Cash paid in business acquisition, net of cash acquired
|
|
|
|
(5,213
|
)
|
|
|
|
-
|
|
|
|
|
(9,097
|
)
|
|
|
|
-
|
|
Purchases of investments
|
|
|
|
(60,018
|
)
|
|
|
|
(373
|
)
|
|
|
|
(76,053
|
)
|
|
|
|
(5,706
|
)
|
Maturities of investments
|
|
|
|
4,453
|
|
|
|
|
8,109
|
|
|
|
|
12,977
|
|
|
|
|
8,109
|
|
Net cash provided by (used in) investing activities
|
|
|
|
(61,479
|
)
|
|
|
|
6,819
|
|
|
|
|
(73,382
|
)
|
|
|
|
85
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from initial public offering, net of underwriting
commissions and discounts
|
|
|
|
17,577
|
|
|
|
|
-
|
|
|
|
|
134,757
|
|
|
|
|
-
|
|
Payment of initial public offering costs
|
|
|
|
-
|
|
|
|
|
-
|
|
|
|
|
(797
|
)
|
|
|
|
-
|
|
Payment of Series C convertible preferred stock issuance costs
|
|
|
|
-
|
|
|
|
|
(350
|
)
|
|
|
|
-
|
|
|
|
|
(350
|
)
|
Repurchase of common stock, net of costs paid
|
|
|
|
-
|
|
|
|
|
(250
|
)
|
|
|
|
-
|
|
|
|
|
(250
|
)
|
Principal payments on capital lease obligations
|
|
|
|
(82
|
)
|
|
|
|
(83
|
)
|
|
|
|
(164
|
)
|
|
|
|
(110
|
)
|
Proceeds from exercise of stock options
|
|
|
|
122
|
|
|
|
|
144
|
|
|
|
|
1,006
|
|
|
|
|
174
|
|
Net cash provided by (used in) financing activities
|
|
|
|
17,617
|
|
|
|
|
(539
|
)
|
|
|
|
134,802
|
|
|
|
|
(536
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash
|
|
|
|
22
|
|
|
|
|
-
|
|
|
|
|
(3
|
)
|
|
|
|
-
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
|
(43,171
|
)
|
|
|
|
(679
|
)
|
|
|
|
67,109
|
|
|
|
|
(4,405
|
)
|
Cash and cash equivalents - beginning of period
|
|
|
|
141,586
|
|
|
|
|
21,053
|
|
|
|
|
31,306
|
|
|
|
|
24,779
|
|
Cash and cash equivalents - end of period
|
|
|
$
|
98,415
|
|
|
|
$
|
20,374
|
|
|
|
$
|
98,415
|
|
|
|
$
|
20,374
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of noncash investing and financing
activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment recorded in accounts payable
|
|
|
$
|
130
|
|
|
|
$
|
782
|
|
|
|
$
|
130
|
|
|
|
$
|
782
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consideration for business acquisition included in accrued expenses
and other current
|
|
|
|
|
|
|
|
|
|
liabilities and other liabilities
|
|
|
$
|
-
|
|
|
|
$
|
-
|
|
|
|
$
|
1,660
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consideration for business acquisition from issuance of common stock
|
|
|
$
|
5,285
|
|
|
|
$
|
-
|
|
|
|
$
|
5,285
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accretion of Series A redeemable convertible preferred stock
|
|
|
$
|
-
|
|
|
|
$
|
1,455
|
|
|
|
$
|
1,983
|
|
|
|
$
|
2,733
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred initial public offering costs recorded in accounts payable
and accrued expenses
|
|
|
$
|
270
|
|
|
|
$
|
-
|
|
|
|
$
|
1,599
|
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment funded by capital lease borrowing
|
|
|
$
|
-
|
|
|
|
$
|
-
|
|
|
|
$
|
-
|
|
|
|
$
|
987
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion of Series A redeemable convertible preferred stock to
common shares
|
|
|
$
|
-
|
|
|
|
$
|
-
|
|
|
|
$
|
101,165
|
|
|
|
$
|
-
|
|
|
Alteryx, Inc.
|
Reconciliation of GAAP Measures to Non-GAAP Measures
|
(in thousands, except percentages and per share amounts)
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
|
|
|
|
|
|
|
|
2017
|
|
|
|
|
2016
|
|
|
|
|
2017
|
|
|
|
|
2016
|
|
Reconciliation of non-GAAP gross profit:
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP gross profit
|
|
|
$
|
25,025
|
|
|
|
$
|
16,206
|
|
|
|
$
|
48,744
|
|
|
|
$
|
30,701
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP gross margin
|
|
|
|
83
|
%
|
|
|
|
81
|
%
|
|
|
|
83
|
%
|
|
|
|
80
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add back:
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock-based compensation expense
|
|
|
|
124
|
|
|
|
|
22
|
|
|
|
|
245
|
|
|
|
|
48
|
|
Amortization of intangible assets
|
|
|
|
236
|
|
|
|
|
-
|
|
|
|
|
301
|
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP gross profit
|
|
|
$
|
25,385
|
|
|
|
$
|
16,228
|
|
|
|
$
|
49,290
|
|
|
|
$
|
30,749
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP gross margin
|
|
|
|
84
|
%
|
|
|
|
81
|
%
|
|
|
|
84
|
%
|
|
|
|
80
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP loss from operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP loss from operations
|
|
|
$
|
(8,138
|
)
|
|
|
$
|
(7,215
|
)
|
|
|
$
|
(13,752
|
)
|
|
|
$
|
(13,621
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP operating margin
|
|
|
|
-27
|
%
|
|
|
|
-36
|
%
|
|
|
|
-23
|
%
|
|
|
|
-36
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add back:
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock-based compensation expense
|
|
|
|
2,288
|
|
|
|
|
791
|
|
|
|
|
4,230
|
|
|
|
|
1,428
|
|
Amortization of intangible assets
|
|
|
|
238
|
|
|
|
|
-
|
|
|
|
|
303
|
|
|
|
|
-
|
|
Contingent consideration expense
|
|
|
|
158
|
|
|
|
|
-
|
|
|
|
|
158
|
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP loss from operations
|
|
|
$
|
(5,454
|
)
|
|
|
$
|
(6,424
|
)
|
|
|
$
|
(9,061
|
)
|
|
|
$
|
(12,193
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP operating margin
|
|
|
|
-18
|
%
|
|
|
|
-32
|
%
|
|
|
|
-15
|
%
|
|
|
|
-32
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP net loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net loss attributable to common stockholders
|
|
|
$
|
(6,994
|
)
|
|
|
$
|
(8,911
|
)
|
|
|
$
|
(14,644
|
)
|
|
|
$
|
(16,722
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock-based compensation expense
|
|
|
|
2,288
|
|
|
|
|
791
|
|
|
|
|
4,230
|
|
|
|
|
1,428
|
|
Amortization of intangible assets
|
|
|
|
238
|
|
|
|
|
-
|
|
|
|
|
303
|
|
|
|
|
-
|
|
Accretion of Series A redeemable convertible preferred stock
|
|
|
|
-
|
|
|
|
|
1,455
|
|
|
|
|
1,983
|
|
|
|
|
2,733
|
|
Contingent consideration expense
|
|
|
|
158
|
|
|
|
|
-
|
|
|
|
|
158
|
|
|
|
|
-
|
|
Income tax adjustments
|
|
|
|
(998
|
)
|
|
|
|
-
|
|
|
|
|
(998
|
)
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss
|
|
|
$
|
(5,308
|
)
|
|
|
$
|
(6,665
|
)
|
|
|
$
|
(8,968
|
)
|
|
|
$
|
(12,561
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Earnings per Share:
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss
|
|
|
$
|
(5,308
|
)
|
|
|
$
|
(6,665
|
)
|
|
|
$
|
(8,968
|
)
|
|
|
$
|
(12,561
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP weighted-average shares used to compute net loss per
|
|
|
|
|
|
|
|
|
|
|
|
|
share attributable to common stockholders, basic and diluted
|
|
|
|
58,262
|
|
|
|
|
47,011
|
|
|
|
|
53,393
|
|
|
|
|
46,962
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss per share, basic and diluted
|
|
|
$
|
(0.09
|
)
|
|
|
$
|
(0.14
|
)
|
|
|
$
|
(0.17
|
)
|
|
|
$
|
(0.27
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP net loss per share, basic and diluted
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net loss per share attributable to common stockholders, basic
and diluted
|
|
|
$
|
(0.12
|
)
|
|
|
$
|
(0.28
|
)
|
|
|
$
|
(0.31
|
)
|
|
|
$
|
(0.52
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add back:
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP adjustments to net loss per share
|
|
|
|
0.03
|
|
|
|
|
0.14
|
|
|
|
|
0.14
|
|
|
|
|
0.25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss per share, basic and diluted
|
|
|
$
|
(0.09
|
)
|
|
|
$
|
(0.14
|
)
|
|
|
$
|
(0.17
|
)
|
|
|
$
|
(0.27
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP weighted-average shares outstanding,
basic and diluted
|
|
|
|
|
|
|
|
|
|
GAAP weighted-average shares used to compute net loss per share
attributable to
|
|
|
|
|
|
|
|
|
|
common stockholders, basic and diluted
|
|
|
|
58,262
|
|
|
|
|
32,364
|
|
|
|
|
46,757
|
|
|
|
|
32,315
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add back:
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion of redeemable convertible preferred stock into common
stock
|
|
|
|
-
|
|
|
|
|
14,647
|
|
|
|
|
6,636
|
|
|
|
|
14,647
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP weighted-average shares used to compute non-GAAP net loss
per share,
|
|
|
|
|
|
|
|
|
|
basic and diluted
|
|
|
|
58,262
|
|
|
|
|
47,011
|
|
|
|
|
53,393
|
|
|
|
|
46,962
|
|
View source version on businesswire.com: http://www.businesswire.com/news/home/20170802006284/en/
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