secwatch.observer — SEC 8-K summary
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Issuer:     VARONIS SYSTEMS INC (VRNS)
CIK:        0001361113
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001171843-24-004217
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Varonis Q2 revenue $130.3M (+13% YoY); SaaS ARR 36% of total; raises FY guidance
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- Total revenues $130.3M vs $115.4M YoY; SaaS revenues $44.8M vs $5.7M YoY.
- Non-GAAP operating income $2.1M vs $0.9M YoY; GAAP operating loss narrowed to $28.8M from $39.7M.
- SaaS ARR 36% of total ARR; management raised full-year ARR and FCF guidance, now expects SaaS ARR to reach 48%.
- Year-to-date cash from operations $68.4M vs $42.6M; free cash flow $67.3M vs $40.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361113/000117184324004217/0001171843-24-004217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361113/000117184324004217/f8k_072924.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-004217

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