earnings
confidence high
sentiment positive
materiality 0.75
Braze Q1 revenue up 62% YoY to $77.5M; raises FY23 guidance
Braze, Inc.
2023-Q1 EPS reported
-$0.42
revenue$77,495,000
- Revenue of $77.5M (up 61.9% YoY); subscription revenue $72.8M.
- Dollar-based net retention 127% for trailing 12 months; customers grew to 1,503.
- GAAP net loss $(0.42)/share; non-GAAP net loss $(0.19)/share.
- Free cash flow $15.7M vs $(4.6)M a year ago; cash & securities $534.1M.
- Raises FY23 revenue guidance to $345-349M; Q2 revenue expected $80.5-81.5M.