Elastic NV announces Q4 Results

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on reddit

Elastic NV announces Q4 Results

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Elastic NV (NYSE : ESTC) on 3rd June 2020 has announced its fourth quarter and full fiscal 2020 financial earnings results. The Chief Executive Officer of the company, Shay Banon has said, the fourth quarter of fiscal 2020 was great ending to the fiscal year  and has appreciated the work of the company’s employees, for their support to the users, customers and the partners, he also added that the company’s rapid pace of innovation, development in their customer focused solutions, strong balance sheet, distributed- by- design approach along with a diverse customer base geographically, has given the company confidence to address the opportunities which lies ahead of the company in such challenging environment.

Earnings Highlights- Q4 & Final

  1. Revenue: The Total Revenue for Q4 ended April 30, 2020 was $123.62 million which has increased by 53.38% compared to $80.59 million in Q4 ended April 30, 2019 (Y-o-Y). The total revenue for the fiscal year 2020 was $427.62 million which has increased by 57.41% compared to $271.65 in the fiscal year 2019 (Y-o-Y).
  2. Cost of Revenue: The cost of revenue which includes cost of licenses, subscriptions and professional services, for Q4 ended April 30, 2020 was $34.27 million which has increased by 46.20% compared to $23.44 million in Q4 ended April 30, 2019 (Y-o-Y). The cost of revenue for fiscal 2020 was $122.69 million which has increased by 57.27% compared to $78.01 million in the fiscal year 2019 (Y-o-Y).
  3. Gross Profit: The Gross Profit for Q4 ended April 30, 2020 was $89.35 million which has increased by 56.32% compared to $57.15 million in Q4 ended April 30, 2019 (Y-o-Y). The gross profit for fiscal 2020 was $304.93 million which has increased by 57.47% compared to $193.64 million in the fiscal year 2019 (Y-o-Y).
  4. Gross Margins: The Gross margin for Q4 ended April 30, 2020 was 72.27% which has increased compared to 70.91% in Q4 ended April 30, 2019 (Y-o-Y). The gross margin for fiscal 2020 was 71.30% which has increased by 2 basis points compared to 71.28% in the fiscal year 2019 (Y-o-Y).
  5. Operating Expenses: The Total Operating Expenses for Q4 ended April 30, 2020 was $123.92 million which has increased by 38.86% compared to $89.24 million in Q4 ended April 30, 2019 (Y-o-Y). The total operating expenses for fiscal 2020 was $476.03 million which has increased by 61.36% compared to $294.99 million in the fiscal year 2019 (Y-o-Y).
  6. Operating Income/ Loss: The Company has suffered a operating loss of $34.57 million in Q4 ended April 30, 2020 which has increased by a small percentage compared to $32.08 million in Q4 ended April 30, 2019 (Y-o-Y). The Operating loss for fiscal 2020 was $171.10 million which has increased sharply by 68.81% compared to $101.35 million in the fiscal year 2019 (Y-o-Y).
  7. Net Income/ Loss: The Company has suffered a net loss of $31.15 million in Q4 ended April 30, 2020 it has decreased by 10.57% compared to the net loss of $34.83 in Q4 ended April 30, 2019 (Y-o-Y). The Net loss of company for fiscal 2020 was $167.17 million which has increased by 63.41% compared to net loss of $102.30 million in the fiscal year 2019 (Y-o-Y). The increase in the loss of the company is a result of increase in the cost of revenue and operating expenses mentioned in above points.
  8. Earnings/ Loss per Share: The net loss per share in Q4 ended April 30, 2020 was $0.38 which is less compared to net loss per share of $0.48 in Q4 ended April 30, 2019. The net loss per share for fiscal 2020 was $2.12 which is more compared to a loss per share of $1.86 in the fiscal year 2019.

Balance Sheet & Cash Flow Highlights

The Cash & Cash equivalents (includes Restricted cash) for the fiscal 2020 was $299.38 million which has decreased by a small percentage compared to $300.28 million in the fiscal 2019. The Deferred revenue (includes short and long term) for the fiscal 2020 was $259.70 million which has increased by 52.16% compared to $170.66 in the fiscal 2019.The Shareholder’s equity for fiscal 2020 was $413.64 million which has increased by 57.27% compared to $263.01 million in fiscal 2019, the company had issued new shares worth $317.65 million which is one of the factor which led to increase in the shareholders equity in fiscal 2020.

The operating Cash Flow for fiscal 2020 was negative $5.9 million, the cash flow from investing activity was negative $577,000, there was positive cash flow of $10.84 million from the financing activity. The Company’s business generated a negative free cash flow of $6.7 million which is less compared to the negative free cash flow generated of $20.8 million in fiscal 2019.

Other Highlights

The SaaS (Software as a service) revenue for Q4 ended April 30, 2020 was $28.97 million which has increased by 110% compared to $13.76 million in Q4 ended April 30, 2019. The SaaS revenue for fiscal 2020 was $92.29 million which has increased by 101% compared to $45.83 million in fiscal 2019.

The Calculated billings for Q4 ended April 30, 2020 was $175.09 million which has increased by 51.74% compared to $115.38 million in Q4 ended April 30, 2019, for fiscal 2020 was $512.69 million which has increased by 49% compared to $342.9 million in fiscal 2019.

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

More News

All articles loaded
No more articles to load
BQ Star Yellow 67%

Get Pro for 67% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $59 $19 / month