PL...$7.48...🥳... Off my $5.11 Alert...Second Quarter of Fiscal Year 2026 Financial and Key Metric Highlights:
Second quarter revenue increased 20% year-over-year to a record $73.4 million. Percent of recurring annual contract value (ACV) for the second quarter was 98%. Second quarter gross margin was 58%, compared to 53% in the second quarter of fiscal year 2025. Second quarter non-GAAP gross margin was 61%, compared to 58% in the second quarter of fiscal year 2025. Second quarter net loss was ($22.6) million, compared to ($38.7) million in the second quarter of fiscal year 2025. Second quarter adjusted EBITDA was $6.4 million of profit, compared to a ($4.4) million loss in the second quarter of fiscal year 2025. Second quarter GAAP net loss per share was ($0.07) and non-GAAP net loss per share was ($0.03). Year-to-date net cash provided by operating activities was $85.1 million, and year-to-date free cash flow was $54.3 million. Ended the quarter with $271.5 million in cash, cash equivalents and short-term investments.
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