secwatch.observer — SEC 8-K summary
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Issuer:     VARONIS SYSTEMS INC (VRNS)
CIK:        0001361113
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001171843-22-006898
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Varonis Q3 revenue $123.3M (+23% YoY); ARR up 30% cc; $100M buyback; SaaS early access; guidance lowered
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- Total revenue $123.3M (+23% YoY); subscription revenue $96.1M (+37% YoY).
- GAAP operating loss of ($25.6)M vs ($18.6)M loss last year; non-GAAP operating income $9.8M vs $8.1M.
- Annual recurring revenue grew 30% YoY on constant currency basis; early availability of Data Security Platform as SaaS.
- Board authorized $100M share repurchase; full-year guidance adjusted due to macroeconomic headwinds and FX weakness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361113/000117184322006898/0001171843-22-006898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361113/000117184322006898/f8k_103122.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-006898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer