earnings
confidence high
sentiment negative
materiality 0.80
Okta Q1 FY2023 revenue $415M (+65%); GAAP net loss widens to $1.56/share
Okta, Inc.
2023-Q1 EPS reported
-$1.56
revenue$414,943,000
- Revenue $415M (+65% YoY); subscription revenue $398M (+66%); Okta standalone growth 39% excluding $66M Auth0.
- RPO $2.71B (+43% YoY); cRPO $1.41B (+57% YoY).
- GAAP operating loss $240M (58% revenue) vs $91M; non-GAAP operating loss $41M (10%).
- GAAP net loss $1.56 per diluted share vs $0.83; non-GAAP net loss $0.27 vs $0.10.
- Cash from ops $19M, free cash flow $11M; cash, equivalents & short-term investments $2.49B.