Varonis Q3 revenue $122.3M; SaaS mix 59%; GAAP operating loss $29.1M

VARONIS SYSTEMS INC

2023-Q3 EPS reported -$0.92 revenue$345,061,000

Total revenues $122.3M vs $123.3M YoY; subscription revenues $97.7M vs $96.1M.
GAAP operating loss ($29.1M) vs ($25.6M); Non-GAAP operating income $4.9M vs $9.8M.
Year-to-date cash from operations $49.0M (vs $8.4M); free cash flow $46.0M (vs $0.8M).
SaaS mix of new business and upsell ARR hit 59% (guidance 45%); ~15% of total ARR is SaaS.

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 0.85

VARONIS SYSTEMS INC reported third quarter ended September 30, 2023 results: revenue $122.3 million.

Period: third quarter ended September 30, 2023
Revenue: $122.3 million
Result: reported results

Exact text from the filing

our ARR performance and cash flow generation and positions us for a strong fourth quarter." Financial Summary for the Third Quarter Ended September 30, 2023 Total revenues were $122.3 million, compared with $123.3 million in the third quarter of 2022. Subscription revenues were $97.7 million, compared with $96.1 million in the third quarter of 2022. Maintenance and

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Source: SEC EDGAR

accession 0001171843-23-006530

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