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Jamf Sees Q2 Revenue $150.5M-$152.5M Vs $150.45M Est.; FY24 Revenue $618.5M-$622.5M Vs $617.45M Est.

Author: Benzinga Newsdesk | May 08, 2024 04:41pm

For the second quarter of 2024, Jamf currently expects:

•Total revenue of $150.5 to $152.5 million

•Non-GAAP operating income of $21.5 to $22.5 million

For the full year 2024, Jamf currently expects:

•Total revenue of $618.5 to $622.5 million

•Non-GAAP operating income of $92.5 to $95.5 million

To assist with modeling, for the second quarter of 2024 and full year 2024, amortization is expected to be approximately $10.1 million and $40.3 million, respectively. In addition, for the second quarter of 2024 and full year 2024, stock-based compensation and related payroll taxes are expected to be approximately $28.1 million and $104.9 million, respectively.

Jamf is unable to provide a quantitative reconciliation of forward-looking guidance of non-GAAP operating income to GAAP operating income (loss) because certain items are out of Jamf's control or cannot be reasonably predicted. Historically, adjustments to non-GAAP operating income have included, but are not limited to, acquisition-related expense and acquisition-related earn-out, amortization, stock-based compensation and related payroll taxes, and system transformation costs. Accordingly, a reconciliation for forward-looking non-GAAP operating income is not available without unreasonable effort. These items are uncertain, depend on various factors, and could result in projected GAAP operating income (loss) being materially less than is indicated by currently estimated non-GAAP operating income.

These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Posted In: JAMF