Smartsheet (SMAR) reported earnings on Mon 4 June 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Smartsheet beats by $0.06, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY19 EPS above consensus, revs above consensus 

• Reports Q1 (Apr) loss of $0.12 per share, $0.06 better than the Capital IQ Consensus of ($0.18); revenues rose 63.5% year/year to $36.3 mln vs the $33.24 mln Capital IQ Consensus.
• The number of all customers with annualized contract values (ACV) of $5,000 or more grew to 4,349, an increase of 78% year-over-year.
• Dollar-based net retention rate was 130%.
• Co issues guidance for Q2, sees EPS of ($0.14)-($0.13) vs. ($0.14) Capital IQ Consensus Estimate; sees Q2 revs of $38.5-$39.5 mln vs. $37.23 mln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY19, sees EPS of ($0.59)-($0.56) vs. ($0.61) Capital IQ Consensus Estimate; sees FY19 revs of $159-$162 mln vs. $155.06 mln Capital IQ Consensus Estimate. Sees billings of $193-$196 mln and net free cash flow of up to negative $25 mln.