Tenable Sees Q2 EPS $0.22-$0.24 Vs $0.26 Est.; Revenue $217M-$219M Vs $219.47M Est.; FY24 EPS $1.08-$1.12 Vs $1.08 Est.; Revenue $900M-$908M Vs $901.91M Est.

Author: Benzinga Newsdesk | May 01, 2024 05:04pm

Financial Outlook

For the second quarter of 2024, we currently expect:

• Revenue in the range of $217.0 million to $219.0 million.
• Non-GAAP income from operations in the range of $34.0 million to $36.0 million.
• Non-GAAP net income in the range of $28.0 million to $30.0 million, assuming interest expense of $8.2 million, interest income of $5.9 million and a provision for income taxes of $3.1 million.
• Non-GAAP diluted earnings per share in the range of $0.22 to $0.24.
• 124.5 million diluted weighted average shares outstanding.
  
   

For the year ending December 31, 2024, we currently expect:

• Calculated current billings in the range of $986.0 million to $994.0 million.
• Revenue in the range of $900.0 million to $908.0 million.
• Non-GAAP income from operations in the range of $158.0 million to $163.0 million.
• Non-GAAP net income in the range of $135.0 million to $140.0 million, assuming interest expense of $32.8 million, interest income of $24.2 million and a provision for income taxes of $12.3 million.
• Non-GAAP diluted earnings per share in the range of $1.08 to $1.12.
• 125.0 million diluted weighted average shares outstanding.
• Unlevered free cash flow in the range of $220.0 million to $230.0 million.

Posted In: TENB