Tintri, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2017; Provides Earning Guidance for the Third Quarter Ended October 31, 2017
September 07, 2017 at 04:05 pm EDT
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Tintri, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 31, 2017. For the quarter, the company reported total revenue of $27,556,000 compared to $34,866,000 a year ago. Loss from operations was $24,538,000 compared to $49,144,000 a year ago. Loss before provision for income taxes was $25,519,000 compared to $51,529,000 a year ago. Net loss attributable to common stockholders was $25,672,000 or $7.53 per basic and diluted share compared to $25,672,000 or $2.05 per basic and diluted share a year ago. Non-GAAP net loss attributable to common stockholders was $27,437,000. Pro forma net loss per share attributable to common stockholders, basic and diluted was $0.91. Non- GAAP net loss was $27.4 million or $0.91 per share compared to $22.0 million or $0.91 per share a year ago. Non- GAAP free cash flow was $23.9 million against $21.8 million a year ago.
For the six months ended, the company reported total revenue of $50,432,000 compared to $65,221,000 a year ago. Loss from operations was $54,000,000 compared to $78,434,000 a year ago. Net loss before provision for income taxes was $56,132,000 compared to $82,051,000 a year ago. Net loss attributable to common stockholders was $56,483,000 or $16.63 per basic and diluted share compared to $62,599,000 or $7.78 per basic and diluted share a year ago. Purchase of property and equipment was $2,331,000 against $2,054,000 a year ago.
For thirds quarter ended October 31, 2017, the company expects revenue in the range of $36 to $37 million. Non-GAAP loss per share is in the range of $0.77 to $0.81, using 31.2 million weighted-average shares outstanding.
Tintri, Inc. is a storage company. The Company provides customized solutions for storing and managing virtual machines in enterprise data centers through its wholly owned subsidiary of DataDirect Networks (DDN). The Companyâs products include VMstore, DDN IntelliFlash and NexentaStor. Its products also include block storage, flash storage, file storage, artificial intelligence (AI) storage, unified storage, monitoring and management, and software-defined storage, including SFA18KX, SFA7990X, SFA200NVX2, SFA400NVX2, EXAScaler, A3I, AI400X2, DDN DataFlow and DDN Insight. The Company's solutions include structured query language (SQL) integrated storage, databases, data protection, DevOps, virtual desktop infrastructure (VDI), virtualization, enterprise AI and industry solutions.
Tintri, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2017; Provides Earning Guidance for the Third Quarter Ended October 31, 2017