secwatch.observer — SEC 8-K summary
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Issuer:     VARONIS SYSTEMS INC (VRNS)
CIK:        0001361113
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001171843-23-000721
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361113/000117184323000721/0001171843-23-000721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361113/000117184323000721/f8k_020623.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-000721

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