nCino Q1 FY2024 rev $113.7M (+21% YoY); non-GAAP EPS $0.07, record FCF $29.7M

nCino, Inc.

2024-Q1 EPS reported -$0.10 revenue$113,672,000

Total revenues $113.7M (+21% YoY); subscription revenues $97.3M (+23% YoY).
GAAP net loss $(11.2)M ($(0.10)/share); non-GAAP net income $8.0M ($0.07/share).
Record free cash flow of $29.7M; GAAP loss from ops improved to $(8.6)M from $(27.2)M.
Q2 FY2024 guidance: total rev $114-115.5M; non-GAAP op income $8-9.5M; non-GAAP EPS $0.06-0.08.
FY2024 guidance: total rev $474-478.5M; non-GAAP op income $48-52.5M; non-GAAP EPS $0.37-0.40.

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 0.99

nCino, Inc. reported first quarter fiscal year 2024, ended April 30, 2023 results: revenue $113.7 million, net income Non-GAAP net income attributable to nCino in the first quarter was $8.0 million, EPS Non-GAAP net income attributable to nCino in the first quarter was $0.07 per diluted share.

Period: first quarter fiscal year 2024, ended April 30, 2023
Revenue: $113.7 million
Net income: Non-GAAP net income attributable to nCino in the first quarter was $8.0 million
EPS: Non-GAAP net income attributable to nCino in the first quarter was $0.07 per diluted share
Result: reported results

Exact text from the filing

market conditions and believe we are well positioned for long-term profitable growth.” Financial Highlights • Revenues: Total revenues for the first quarter of fiscal 2024 were $113.7 million, a 21% increase from $94.2 million in the first quarter of fiscal 2023. Subscription revenues for the first quarter were $97.3 million , up from $79.2 million one year ago, an

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Source: SEC EDGAR

accession 0001902733-23-000033

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