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Sumo Logic Non-GAAP EPS of -$0.04 beats by $0.11, revenue of $78.95M beats by $4.75M

  • Sumo Logic press release (NASDAQ:SUMO): Q3 Non-GAAP EPS of -$0.04 beats by $0.11.
  • Revenue of $78.95M (+27.3% Y/Y) beats by $4.75M.
  • Annual Recurring Revenue was $298.9 million, an increase of 22% year over year.
  • Non-GAAP gross margin was 73%, non-GAAP operating margin was (7)%.
  • Q4 Outlook: Total revenue between $77.0 million and $78.0 million, representing 15% to 16% growth year-over-year
  • Non-GAAP operating margin of (14)% to (13)%
  • Non-GAAP net loss per share of $0.09 to $0.08 on approximately 120.5 million weighted average shares outstanding.
  • 2023 Outlook: Total revenue between $298.0 million and $299.0 million, representing 23% growth year-over-year
  • Non-GAAP operating margin of (16)% to (15)%
  • Non-GAAP net loss per share of $0.36 to $0.35 on approximately 117.5 million weighted average shares outstanding
  • Shares +11.79%.