Delivers record revenue for growth of 16% year
over year
Exceeds ARR guidance
End of perpetual license completes transition
to subscription business
MobileIron (NASDAQ: MOBL), the mobile-centric security platform
for the Everywhere Enterprise, today announced results for its
second quarter ended June 30, 2020.
Second Quarter 2020 Financial
Highlights
- Revenue was $58.9 million, up 16% year-over-year.
- ARR was $187.1 million, up 9% year-over-year.
- Operating loss was $8.1 million; non-GAAP operating income was
$5.6 million or 9.4% of revenue.
“In the face of the hurdles brought on by the pandemic, our
team’s focus and execution enabled us to grow second quarter
revenue by 16% and report record non-GAAP operating margin of 9.4%.
Beyond our financial accomplishments, we continued to demonstrate
the leading innovation that makes MobileIron the most robust
mobile-centric security platform by introducing the first
multi-vector, mobile phishing protection to defend against these
prominent cybersecurity threats,” said Simon Biddiscombe, CEO,
MobileIron. “As remote work becomes an increasing part of many
companies’ future plans, it is clear that the age of the Everywhere
Enterprise is dawning, where customers, workers, and infrastructure
will need to converge seamlessly and securely from anywhere to
connect. This new normal brings with it an increasingly complex set
of security demands and we are confident that our comprehensive set
of offerings are uniquely positioned to meet these challenges.”
ARR Composition
June 30,
(in millions, except percentages)
2019
2020
Total ARR
$
172.0
$
187.1
Year-over-year percentage increase
19
%
9
%
Subscription ARR
$
106.1
$
120.1
Year-over-year percentage increase
31
%
13
%
Perpetual license support ARR
$
65.9
$
67.0
Year-over-year percentage increase
3
%
2
%
Financial Outlook
The company is providing the following outlook for its third
quarter 2020 (ending September 30, 2020):
- Revenue is expected to be between $48 million and $51 million,
or down 5% year over year at the midpoint almost entirely due to
the removal of perpetual licenses.
- Non-GAAP gross margin is expected to be approximately 78%.
- Non-GAAP operating expenses are expected to be between $43
million and $44 million.
MobileIron is providing the following outlook for fiscal year
2020 (ending December 31, 2020):
- Revenue is expected to be between $203 million and $210
million, growth of 1% at the midpoint compared to 2019.
- ARR is expected to grow between 9% and 11% by fiscal year end,
compared to the end of fiscal 2019.
- Non-GAAP operating margin is expected to be between negative 5%
and negative 7%.
Second Quarter 2020 Business
Highlights
Milestones and Recognition
- Appointed Christof Baumgärtner to the position of Chief Revenue
Officer of MobileIron. Christof joined MobileIron in 2010 and has
led the European sales team since 2017.
- Named as Overall Unified Endpoint Management Leader in the
KuppingerCole 2020 “Leadership Compass: Unified Endpoint Management
(UEM)” report. Out of ten vendors, MobileIron was ranked as Overall
UEM Leader based on its combined strengths across all three
categories of product, innovation, and market leadership.
- Awarded three additional US patents for mobile security,
bringing MobileIron’s total number of awarded patents to 98.
Platform
- Announced multi-vector mobile phishing protection for
MobileIron Threat Defense (MTD). Built on MobileIron’s unified
endpoint management (UEM) platform, MTD enables immediate,
on-device and cloud-based phishing detection and remediation across
all mobile threat vectors, protecting organizations against one of
the top cybersecurity threats.
- Announced MobileIron Cloud completion of Zebra Technologies’
Validated Program, confirming the interoperability of MobileIron Go
with select Zebra devices. MobileIron Cloud integrates with Zebra’s
value-added services, including Mx, OEMConfig and LifeGuard APIs,
helping companies achieve comprehensive control over business data
while enabling frontline workers to increase productivity.
All forward-looking non-GAAP financial measures contained in
this section exclude estimates for stock-based compensation
expense, amortization of intangible assets and restructuring
expense. We do not provide a reconciliation of forward-looking
non-GAAP financial measures to corresponding GAAP measures due to
our inability to project certain charges and expenses. The company
has provided a reconciliation of GAAP to non-GAAP financial
measures in the financial statement tables included in this press
release for its second quarter of 2019 and 2020.
Conference Call and
Webcast
MobileIron will report final results for the second quarter of
fiscal year 2020 on Wednesday, July 29, 2020 after the close of the
market and host a conference call and live webcast at 1:30 p.m.
Pacific Time (4:30 p.m. ET) to discuss the company's financial
results, product announcements and business highlights. Interested
parties may access the call by dialing 1-866-602-7050 in the U.S.
or 1-409-216-6455 from international locations (conference ID
#4080723). The live webcast will be available on the MobileIron
Investor Relations website at http://investors.mobileiron.com. A
replay will be available through the same link.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such statements contain words such as “may,” “will,”
“might,” “expect,” “believe,” “anticipate,” “could,” “would,”
“estimate,” “continue,” “pursue,” or the negative thereof or
comparable terminology, and may include (without limitation)
information regarding our expectations, goals or intentions
regarding future performance. Forward-looking statements in this
press release include, but are not limited to, statements regarding
MobileIron's revenue, operating expenses, ARR, the timing for
moving to a subscription-led business and ceasing perpetual
licenses, cost structure, GAAP and non-GAAP financial metrics, as
well as statements that we expect to continue to see progress
migrating customers to the cloud, that we believe we are ideally
poised to capitalize on the market of IT departments shifting to
address the threats of a Zero Trust world, that we will continue to
deliver a roadmap of innovation to strengthen our security
framework while enhancing the user’s experience, that our continued
focus on market-leading innovation and customer satisfaction will
continue to propel us on our upward growth trajectory, that the
MobileIron team will emerge from the pandemic with an even more
strategic role in securing the global workforce, and all statements
under the heading “Financial Outlook.” Forward-looking statements
involve certain risks and uncertainties, and there are a
significant number of factors that could cause actual results to
differ materially from statements made in this press release,
including, but not limited to, COVID-19 and the duration of orders
around the globe requiring people to work from home, our limited
operating history, the adoption by our customers of our
subscription-led model, quarterly fluctuations in our operating
results, one-time expenses, including restructuring charges,
seasonality, our need to develop new solutions and enhancements to
compete in rapidly evolving markets, product defects, strength of
our intellectual property portfolio, litigation, customer adoption,
competitive pressures, billings type mix shift, our ability to
scale, our ability to recruit and retain key personnel, and the
quality of our support services.
Additional information on potential factors that could affect
MobileIron's financial results is included in our SEC filings,
including our reports on Forms 10-K, 10-Q and 8-K and other filings
that we make with the SEC from time to time. All forward-looking
statements in this press release are made as of the date hereof,
based on information available to us as of the date hereof, and
MobileIron does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were
made.
Disclosure Information
MobileIron uses the investor relations section on its website as
the means of complying with its disclosure obligations under
Regulation FD. Accordingly, we recommend that investors should
monitor MobileIron’s investor relations website in addition to
following MobileIron’s press releases, SEC filings, and public
conference calls and webcasts.
About MobileIron
MobileIron is redefining enterprise security with the industry’s
first mobile-centric security platform for the Everywhere
Enterprise. In the Everywhere Enterprise, corporate data flows
freely across devices and servers in the cloud, empowering workers
to be productive anywhere they need to work. To secure access and
protect data across this perimeter-less enterprise, MobileIron
leverages a zero trust approach, which assumes bad actors are
already in the network and secure access is determined by a “never
trust, always verify” model.
MobileIron’s platform combines award-winning and
industry-leading unified endpoint management (UEM) capabilities
with passwordless multi-factor authentication (Zero Sign-on) and
mobile threat defense (MTD) to validate the device, establish user
context, verify the network, and detect and remediate threats to
ensure that only authorized users, devices, apps, and services can
access business resources in a “work from everywhere” world. Over
20,000 organizations, including the world’s largest financial
institutions, intelligence agencies, and other highly regulated
companies, have chosen MobileIron to enable a seamless and secure
user experience in the Everywhere Enterprise.
"MobileIron" is a registered trademark of MobileIron, Inc. in
the United States and other countries. Trade names, trademarks, and
service marks of other companies that are used in this press
release belong to their respective owners.
Financial Results
MOBILEIRON, INC.
CONSOLIDATED BALANCE
SHEETS
AS OF DECEMBER 31, 2019 AND
JUNE 30, 2020
(Amounts in thousands)
(Unaudited)
December 31, 2019
June 30, 2020
Assets
Current assets:
Cash and cash equivalents
$
94,415
$
87,691
Accounts receivable - net
58,815
50,002
Deferred commissions - current
9,825
8,593
Prepaid expenses and other current
assets
11,965
14,600
Total current assets
175,020
160,886
Property and equipment - net
4,804
3,891
Operating lease right-of-use assets
13,683
11,456
Deferred commissions - noncurrent
8,077
8,143
Intangible assets
-
3,000
Goodwill
5,475
8,407
Other assets
5,371
4,483
Total assets
$
212,430
$
200,266
Liabilities and stockholders'
equity
Current liabilities:
Accounts payable
$
1,310
$
2,164
Accrued expenses
24,792
24,709
Lease liabilities - current
5,664
4,848
Unearned revenue - current
85,153
83,862
Customer arrangements with termination
rights
16,130
12,057
Total current liabilities
133,049
127,640
Lease liabilities - noncurrent
10,088
7,665
Unearned revenue - noncurrent
33,058
29,351
Other long-term liabilities
237
122
Total liabilities
176,432
164,778
Stockholders’ equity:
Common stock
11
12
Additional paid-in capital
504,041
525,383
Treasury stock
(15,141
)
(15,825
)
Accumulated deficit
(452,913
)
(474,082
)
Total stockholders’ equity
35,998
35,488
Total liabilities and stockholders'
equity
$
212,430
$
200,266
MOBILEIRON, INC.
CONSOLIDATED STATEMENTS OF
OPERATIONS
FOR THE THREE MONTHS ENDED
JUNE 30, 2019 AND 2020
(Amounts in thousands, except
for per share data)
(Unaudited)
Three Months Ended
June 30, 2019
June 30, 2020
Revenue:
Cloud services
$
16,311
$
19,549
License
12,227
17,078
Software support and services
22,327
22,298
Total revenue
50,865
58,925
Cost of revenue:
Cloud services (1)
5,146
6,824
License (2)
433
587
Software support and services (1)
4,844
4,993
Restructuring expense
224
-
Total cost of revenue
10,647
12,404
Gross profit
40,218
46,521
Operating expenses:
Research and development (1)
19,988
20,863
Sales and marketing (1, 2)
26,035
24,845
General and administrative (1)
7,626
8,887
Restructuring expense
2,219
-
Total operating expenses
55,868
54,595
Operating loss
(15,650
)
(8,074
)
Other income (expense) - net
540
28
Loss before income taxes
(15,110
)
(8,046
)
Income tax expense
479
462
Net loss
$
(15,589
)
$
(8,508
)
Net loss per share, basic and diluted
$
(0.14
)
$
(0.07
)
Weighted-average shares used to compute
net loss per share, basic and diluted
109,245
115,982
(1) Includes stock-based compensation
expense as follows:
Cost of revenue
Cloud services
$
424
$
756
License
-
-
Software support and services
842
1,142
Research and development
3,625
5,284
Sales and marketing
2,064
3,389
General and administrative
1,902
2,935
$
8,857
$
13,506
(2) Includes amortization of intangible
assets as follows:
Cost of revenue
License
$
-
$
66
Sales and marketing
-
58
$
-
$
124
MOBILEIRON, INC.
CONSOLIDATED STATEMENTS OF
OPERATIONS
FOR THE SIX MONTHS ENDED JUNE
30, 2019 AND 2020
(Amounts in thousands, except
for per share data)
(Unaudited)
Six Months Ended
June 30, 2019
June 30, 2020
Revenue:
Cloud services
$
31,572
$
38,183
License
23,598
26,088
Software support and services
43,777
44,352
Total revenue
98,947
108,623
Cost of revenue:
Cloud services (1)
9,856
12,881
License (2)
987
1,046
Software support and services (1)
9,867
9,349
Restructuring charge
300
-
Total cost of revenue
21,010
23,276
Gross profit
77,937
85,347
Operating expenses:
Research and development (1)
41,817
39,856
Sales and marketing (1, 2)
50,522
48,978
General and administrative (1)
15,545
16,120
Restructuring charge
2,758
579
Total operating expenses
110,642
105,533
Operating loss
(32,705
)
(20,186
)
Other income (expense) - net
952
(80
)
Loss before income taxes
(31,753
)
(20,266
)
Income tax expense
936
903
Net loss
$
(32,689
)
$
(21,169
)
Net loss per share, basic and diluted
$
(0.30
)
$
(0.18
)
Weighted-average shares used to compute
net loss per share, basic and diluted
108,292
114,970
(1) Includes stock-based compensation
expense as follows:
Cost of revenue
Cloud services
$
1,036
$
1,131
License
-
-
Software support and services
1,771
1,665
Research and development
7,736
8,343
Sales and marketing
4,338
5,462
General and administrative
4,266
4,478
$
19,147
$
21,079
(2) Includes amortization of intangible
assets as follows:
Cost of revenue
License
$
-
$
66
Sales and marketing
-
58
$
-
$
124
MOBILEIRON, INC.
CONSOLIDATED STATEMENTS OF
CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE
30, 2019 AND 2020
(Amounts in thousands)
(Unaudited)
Six Months Ended
June 30, 2019
June 30, 2020
Cash flows from operating
activities:
Net loss
$
(32,689
)
$
(21,169
)
Adjustments to reconcile net loss to net
cash provided by operating activities:
Stock-based compensation expense
19,147
21,079
Depreciation
1,757
1,617
Amortization of intangible assets
-
124
Provision for doubtful accounts
-
94
Accretion of premium on investment
securities
(13
)
-
Impairment of right-of-use assets
1,328
-
Loss on disposal of fixed assets
170
-
Changes in operating assets and
liabilities:
Accounts receivable
21,683
8,721
Deferred commissions
(397
)
1,166
Other current and noncurrent assets
(2,217
)
504
Accounts payable
772
785
Unearned revenue
562
(5,273
)
Customer arrangements with termination
rights
(2,389
)
(4,073
)
Accrued expenses and other long-term
liabilities
(4,384
)
(2,172
)
Net cash provided by operating
activities
3,330
1,403
Cash flows from investing
activities:
Purchase of property and equipment
(782
)
(684
)
Purchase of incapptic, net of cash
acquired
-
(5,668
)
Proceeds from maturities of investment
securities
1,550
-
Purchases of investment securities
(2,236
)
-
Net cash used in investing activities
(1,468
)
(6,352
)
Cash flows from financing
activities:
Proceeds from employee stock purchase
plan
2,057
1,946
Taxes paid for net settlement of equity
awards
(4,784
)
(3,542
)
Proceeds from exercise of stock
options
1,720
505
Repurchase of common stock
(6,591
)
(684
)
Net cash used in financing activities
(7,598
)
(1,775
)
Net change in cash and cash
equivalents
(5,736
)
(6,724
)
Cash and cash equivalents at beginning of
period
104,613
94,415
Cash and cash equivalents at end of
period
$
98,877
$
87,691
Non-GAAP Financial Measures and
Reconciliations and Other Metrics
Non-GAAP Financial Measures
To supplement our financial results presented on a U.S. GAAP
basis, we provide investors with certain non-GAAP financial
measures, including non-GAAP gross profit, non-GAAP gross margin,
non-GAAP operating income (loss), non-GAAP operating margin,
non-GAAP net income (loss), non-GAAP net income (loss) per share
and free cash flow. These non-GAAP financial measures exclude
stock-based compensation, intangible asset amortization, and
restructuring expense.
Stock-based compensation expenses:
In our non-GAAP financial measures, we have excluded the effect of
stock-based compensation expenses. We exclude stock-based
compensation expense because it is non-cash in nature and excluding
this expense provides meaningful supplemental information regarding
our operational performance. In particular, because of varying
available valuation methodologies, subjective assumptions and the
variety of award types that companies can use under FASB ASC Topic
718, we believe that providing non-GAAP financial measures that
exclude this expense allows investors the ability to make more
meaningful comparisons between MobileIron operating results and
those of other companies. Stock-based compensation expenses will
recur in future periods.
Restructuring expense: In our
non-GAAP financial measures, we have excluded the effect of
severance and other expenses related to reductions in our workforce
and building exit costs. Restructuring expense may recur in the
future; however, the timing and amounts are difficult to
predict.
Intangible asset amortization: In
our non-GAAP financial measures, we have excluded the effect of
intangible asset amortization. Amortization of intangible assets
can be significantly affected by the timing and size of
acquisitions of companies or technology.
Non-GAAP gross profit, non-GAAP gross
margin, non-GAAP operating income (loss), non-GAAP operating
margin, non-GAAP net income (loss), and non-GAAP net income (loss)
per share: We believe that the exclusion of stock-based
compensation expense, restructuring expense, and intangible asset
amortization from various GAAP financial metrics such as gross
profit, gross margin, operating loss, operating margin, net loss,
and net loss per share provides useful measures for management and
investors. Stock-based compensation, restructuring expense and
intangible asset amortization have been and can continue to be
inconsistent in amount from period to period. We believe the
inclusion of these items makes it difficult to compare periods and
understand the growth and performance of our business. In addition,
we evaluate our business performance and compensate management
based in part on these non-GAAP measures. There are limitations in
using non-GAAP financial measures because the non-GAAP financial
measures are not prepared in accordance with GAAP, may be different
from non-GAAP financial measures used by our competitors and
exclude expenses that may have a material impact on our reported
financial results. Further, stock-based compensation expense has
been and will continue to be for the foreseeable future a
significant recurring expense in our business and an important part
of the compensation provided to our employees.
Free cash flow: Our non-GAAP
financial measures also include free cash flow, which we define as
cash provided by operating activities less the amount of property
and equipment purchased. Management believes that information
regarding free cash flow provides investors with an important
perspective on the cash available to invest in our business and
fund ongoing operations. However, our calculation of free cash flow
may not be comparable to similar measures used by other
companies.
We believe these non-GAAP financial measures are helpful in
understanding our past financial performance and our future
results. Our non-GAAP financial measures are not meant to be
considered in isolation or as a substitute for comparable GAAP
measures and should be read only in conjunction with our
consolidated financial statements prepared in accordance with GAAP.
Our management regularly uses our supplemental non-GAAP financial
measures internally to understand, manage and evaluate our
business, and make operating decisions. These non-GAAP measures are
among the primary factors management uses in planning for and
forecasting future periods. Compensation of our executives is based
in part on the performance of our business relative to certain of
these non-GAAP measures.
Other Metrics
Annual Recurring Revenue (ARR). We monitor Total ARR, which is
defined as the annualized value of all recurring revenue contracts
active at the end of a reporting period. Total ARR includes the
annualized value of subscriptions (“Subscription ARR”) and the
annualized value of software support contracts related to perpetual
licenses (“Perpetual license support ARR”) active at the end of a
reporting period and does not include revenue reported as perpetual
license or professional services in our consolidated statement of
operations. We are monitoring these metrics because they align with
how our customers are increasingly purchasing our solutions and how
we are managing our business. These ARR measures should be viewed
independently of revenue, unearned revenue, and customer
arrangements with termination rights as ARR is an operating metric
and is not intended to be combined with or replace those items. ARR
is not an indicator of future revenue and can be impacted by
contract start and end dates and renewal rates.
MOBILEIRON, INC.
RECONCILIATION OF GAAP TO
NON-GAAP FINANCIAL MEASURES
(Amounts in thousands, except
for per share data and percentages)
(Unaudited)
Three Months Ended
June 30, 2019
June 30, 2020
Non-GAAP gross
profit reconciliation:
GAAP gross profit
$
40,218
$
46,521
Stock-based compensation expenses
1,266
1,898
Amortization of intangible assets
-
66
Restructuring expense
224
-
Non-GAAP gross profit
$
41,708
$
48,485
Non-GAAP gross
margin reconciliation:
GAAP gross margin: GAAP gross profit over
total revenue
79.1
%
78.9
%
GAAP to non-GAAP gross margin
adjustments
2.9
%
3.4
%
Non-GAAP gross margin: Non-GAAP gross
profit over total revenue
82.0
%
82.3
%
Non-GAAP
operating income (loss) reconciliation:
GAAP operating loss
$
(15,650
)
$
(8,074
)
Stock-based compensation expenses
8,857
13,506
Amortization of intangible assets
-
124
Restructuring expense
2,443
-
Non-GAAP operating income (loss)
$
(4,350
)
$
5,556
Non-GAAP
operating margin reconciliation:
GAAP operating margin: GAAP operating loss
over total revenue
(30.8
)
%
(13.7
)
%
GAAP to non-GAAP operating margin
adjustments
22.2
%
23.1
%
Non-GAAP operating margin: Non-GAAP
operating income (loss) over total revenue
(8.6
)
%
9.4
%
Non-GAAP net
income (loss) reconciliation:
GAAP net loss
$
(15,589
)
$
(8,508
)
Stock-based compensation expenses
8,857
13,506
Amortization of intangible assets
-
124
Restructuring expense
2,443
-
Non-GAAP net income (loss)
$
(4,289
)
$
5,122
MOBILEIRON, INC.
RECONCILIATION OF GAAP TO
NON-GAAP FINANCIAL MEASURES
(Amounts in thousands, except
for per share data and percentages)
(Unaudited)
Three Months Ended
June 30, 2019
June 30, 2020
Non-GAAP net
income (loss) per share reconciliation:
GAAP net loss per share
$
(0.14
)
$
(0.07
)
Stock-based compensation expenses
0.08
0.11
Amortization of intangible assets
-
-
Restructuring expense
0.02
-
Non-GAAP net income (loss) per share
$
(0.04
)
$
0.04
Free cash flow
reconciliation:
Cash used in operating activities
$
(4,486
)
$
(5,764
)
Purchase of property and equipment
(605
)
(591
)
Free cash flow
$
(5,091
)
$
(6,355
)
MOBILEIRON, INC.
RECONCILIATION OF GAAP TO
NON-GAAP FINANCIAL MEASURES
(Amounts in thousands, except
for per share data and percentages)
(Unaudited)
Six Months Ended
June 30, 2019
June 30, 2020
Non-GAAP gross
profit reconciliation:
GAAP gross profit
$
77,937
$
85,347
Stock-based compensation expenses
2,807
2,796
Amortization of intangible assets
-
66
Restructuring expense
300
-
Non-GAAP gross profit
$
81,044
$
88,209
Non-GAAP gross
margin reconciliation:
GAAP gross margin: GAAP gross profit over
GAAP total revenue
78.8
%
78.6
%
GAAP to non-GAAP gross margin
adjustments
3.1
%
2.6
%
Non-GAAP gross margin: Non-GAAP gross
profit over non-GAAP total revenue
81.9
%
81.2
%
Non-GAAP
operating income (loss) reconciliation:
GAAP operating loss
$
(32,705
)
$
(20,186
)
Stock-based compensation expenses
19,147
21,079
Amortization of intangible assets
-
124
Restructuring expense
3,058
579
Non-GAAP operating income (loss)
$
(10,500
)
$
1,596
Non-GAAP
operating margin reconciliation:
GAAP operating margin: GAAP operating loss
over GAAP total revenue
(33.1
)
%
(18.6
)
%
GAAP to non-GAAP operating margin
adjustments
22.5
%
20.1
%
Non-GAAP operating margin: Non-GAAP
operating income (loss) over non-GAAP total revenue
(10.6
)
%
1.5
%
Non-GAAP net
income (loss) reconciliation:
GAAP net loss
$
(32,689
)
$
(21,169
)
Amortization of intangible assets
-
124
Stock-based compensation expenses
19,147
21,079
Restructuring expense
3,058
579
Non-GAAP net income (loss)
$
(10,484
)
$
613
MOBILEIRON, INC.
RECONCILIATION OF GAAP TO
NON-GAAP FINANCIAL MEASURES
(Amounts in thousands, except
for per share data and percentages)
(Unaudited)
Six Months Ended
June 30, 2019
June 30, 2020
Non-GAAP net
income (loss) per share reconciliation:
GAAP net loss per share
$
(0.30
)
$
(0.18
)
Stock-based compensation expenses per
share
0.17
0.18
Amortization of intangible assets
-
-
Restructuring expense
0.03
0.01
Non-GAAP net income (loss) per share
$
(0.10
)
$
0.01
Free cash flow
reconciliation:
Cash provided by operating activities
$
3,330
$
1,403
Purchase of property and equipment
(782
)
(684
)
Free cash flow
$
2,548
$
719
MOBILEIRON, INC.
SUPPLEMENTAL
INFORMATION
(Amounts in thousands)
(Unaudited)
30-Jun-19
30-Sep-19
31-Dec-19
31-Mar-20
30-Jun-20
Annual Recurring Revenue:
Subscription ARR
$
106,115
$
108,559
$
113,895
$
115,326
$
120,100
Perpetual license support ARR
65,850
65,737
65,645
65,495
66,996
Total ARR
$
171,965
$
174,296
$
179,540
$
180,821
$
187,096
Revenue:
United States
$
21,861
$
23,376
$
21,866
$
21,133
$
24,165
International
29,004
28,825
32,222
28,565
34,760
Total revenue
$
50,865
$
52,201
$
54,088
$
49,698
$
58,925
Disaggregation of Revenue:
Cloud services
$
16,311
$
17,591
$
17,871
$
18,634
$
19,549
Upfront on-premise subscription
7,478
5,964
4,628
3,378
5,723
Ratable on-premise subscription
4,512
4,902
5,037
4,922
5,043
Software support on perpetual licenses
16,196
16,363
16,314
15,986
16,187
Recurring revenue
44,497
44,820
43,850
42,920
46,502
Perpetual license
4,749
6,252
9,027
5,633
11,355
Professional services
1,619
1,129
1,211
1,145
1,068
Non-recurring revenue
6,368
7,381
10,238
6,778
12,423
Total revenue
$
50,865
$
52,201
$
54,088
$
49,698
$
58,925
Non-GAAP Metrics:
Non-GAAP gross profit
$
41,708
$
42,794
$
44,404
$
39,724
$
48,485
Non-GAAP operating income (loss)
$
(4,350
)
$
173
$
1,638
$
(3,960
)
$
5,556
Free cash flow
$
(5,091
)
$
(6,197
)
$
(275
)
$
7,074
$
(6,355
)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200729005913/en/
Erik Bylin MobileIron ir@mobileiron.com 650-282-7555
MobileIron (NASDAQ:MOBL)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
MobileIron (NASDAQ:MOBL)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024