CrowdStrike Holdings Inc (NASDAQ: CRWD) was a top gainer in yesterday’s session and closed with gains of 8.05%. This came after the company announced stronger than expected Q4 and 2019 full-year results. The company announced that in Q4, it had a loss of $28.4 million or an EPS of $0.14. This was an improvement compared to a loss of $31.2 million or an EPS of $0.67 in a similar quarter in the previous financial year. The company further reported that after adjustments for compensation and the amortization of intangible assets, the adjusted EPS stood at $0.02.
The company also announced that in Q4, revenues increased to $152.1 million compared to $80.5 million in a similar quarter in the previous financial year. Breaking down its revenues, the company’s total revenues rose stood at $152.1 million or an increase of 89% compared to $80.5 million in Q4 of 2019. Subscription revenues also increased by 90% to $138.5 million compared to a similar quarter in the previous financial year.
The company also reported that annual recurring revenue rose by 92% compared to a year earlier, to hit $600.5 million. Out of these numbers, $98.7 million was the net ARR in Q4. On top of that, the company reported that its subscription gross margin rose by 75%, as compared to 77% in Q4 of 2018. For the full year, the company reported that its total revenues increased by 93%. Subscription gross margins also increased to 74% compared to 68% in the previous financial year.
From its price action, the stock was in a reversal. It opened the day at $40.43 and traded between a low of $38.20 and a high of $44.49, before closing the day at $41.74. Volumes in the day stood at 7.44 million.
About Crowdstrike Holdings Inc
Crowdstrike Holdings Inc is a security solutions company. It is based in Sunnyvale, California.