Varonis Q4 revenue $142.6M (+13% YoY), ARR up 20% YoY

VARONIS SYSTEMS INC

2022-FY EPS reported -$1.14 revenue$473,634,000

Q4 total revenues $142.6M (+13% YoY); subscription revenue $116.7M (+20% YoY).
FY2022 total revenues $473.6M (+21% YoY); subscription revenue $366.1M (+35% YoY).
Q4 GAAP op loss improved to ($10.0M) from ($17.8M); non-GAAP op income rose to $26.0M from $22.4M.
FY GAAP op loss widened to ($121.2M) from ($98.7M); non-GAAP op income rose to $29.5M from $25.2M.
SaaS product represented ~10% of new/upsell ARR in Q4; CEO confident on path to $1B ARR.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VARONIS SYSTEMS INC reported the full year ended December 31, 2022 results: revenue $473.6 million.

Period: the full year ended December 31, 2022
Revenue: $473.6 million
Result: reported results

Exact text from the filing

Total revenues increased 21% to $473.6 million, compared with $390.1 million in 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VARONIS SYSTEMS INC reported the fourth quarter ended December 31, 2022 results: revenue $142.6 million.

Period: the fourth quarter ended December 31, 2022
Revenue: $142.6 million
Result: reported results

Exact text from the filing

Total revenues increased 13% to $142.6 million, compared with $126.6 million in the fourth quarter of 2021.

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Source: SEC EDGAR

accession 0001171843-23-000721

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