secwatch.observer — SEC 8-K summary
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Issuer:     VARONIS SYSTEMS INC (VRNS)
CIK:        0001361113
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001171843-23-006530
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361113/000117184323006530/0001171843-23-006530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361113/000117184323006530/f8k_103023.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-006530

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