secwatch.observer — SEC 8-K summary
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Issuer:     nCino, Inc. (NCNO)
CIK:        0001902733
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0001902733-23-000077
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

nCino Q3 FY2024 revenue $121.9M (+16% YoY); non-GAAP EPS $0.14, beats prior year loss
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- Subscription revenue $104.8M, up 19% YoY; GAAP operating margin improved to (11)% from (18)%.
- Non-GAAP operating margin 17% vs 2.5% a year ago; non-GAAP net income $16.2M vs ($1.4M) loss.
- GAAP net loss $(0.15)/share includes $0.09/share accelerated amortization for SimpleNexus rebrand.
- Signed first enterprise Consumer lending deal with $200B U.S. bank; Yamaguchi Financial Group ($150B) as largest Japan customer.
- Q4 guidance: total revenue $123.5-125.5M, non-GAAP EPS $0.11-0.13; FY2024 rev $476.5-478.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902733/000190273323000077/0001902733-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902733/000190273323000077/ncno-20231129.htm
  HTML page:      https://secwatch.observer/filing/0001902733-23-000077

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