Tintri, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 31, 2018; Provides Earnings Guidance for the First Quarter Ending April 30, 2018
March 05, 2018 at 04:17 pm EST
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Tintri, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended January 31, 2018. For the quarter, revenue was $28.9 million against $40.8 million a year ago. Operating loss was $35.3 million against $24.3 million a year ago. Net loss attributable to common stockholders was $37.4 million against $25.5 million a year ago. Net loss per share attributable to common stockholders was $1.19 against $7.23 a year ago. Non GAAP loss from operations was $20.615 million against $21.186 million a year ago. Non GAAP net loss attributable to common stockholders was $22.580 million against $22.537 million a year ago. Non GAAP net loss per share attributable to common stockholders - basic and diluted was $0.72 against $1.05 a year ago. Net cash used in operating activities was $20.249 million against $12.162 million a year ago. Purchase of property and equipment was $2.315 million against $0.906 million a year ago.
For the year, revenue was $125.9 million against $125.1 million a year ago. Operating loss was $149.5 million against $100.8 million a year ago. Net loss attributable to common stockholders was $137.9 million against $105.8 million a year ago. Net loss per share attributable to common stockholders was $6.98 against $30.73 a year ago. Loss before provision for income taxes was $157.181 million against $105.336 million a year ago. Net cash used in operating activities was $91.860 million against $70.366 million a year ago. Purchase of property and equipment was $6.415 million against $4.337 million a year ago. Non GAAP loss from operations was $93.870 million against $86.948 million a year ago. Non GAAP net loss attributable to common stockholders was $101.893 million against $91.967 million a year ago. Non GAAP net loss per share attributable to common stockholders - basic and diluted was $3.56 against $4.29 a year ago.
The company is providing the outlook for the quarter ending April 30, 2018. These guidance numbers are based on the existing revenue standard (ASC 605). The company expects: Revenue in the range of $20.0 million to $21.0 million; and non-GAAP loss per share in the range of $0.64 to $0.68, using 32.6 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. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 31, 2018; Provides Earnings Guidance for the First Quarter Ending April 30, 2018