Elastic N.V. Reports Strong Fourth Quarter and Fiscal 2019 Financial Results

Q4 Revenue of $80.6 million; Up 63% year-over-year (68% in constant
currency)

FY19 Revenue of $271.7 million; Up 70% year-over-year (72% in
constant currency)

Announced proposed acquisition of Endgame, an endpoint security
company

MOUNTAIN VIEW, Calif. & AMSTERDAM, The Netherlands–(BUSINESS WIRE)–Elastic N.V. (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch
and the Elastic Stack, today announced strong results for the fourth
quarter and full fiscal year ended April 30, 2019.

Fourth Quarter Fiscal 2019 Financial Highlights

  • Total revenue was $80.6 million, an increase of 63% year-over-year, or
    68% on a constant currency basis.
  • Calculated billings was $115.4 million, an increase of 57%
    year-over-year, or 63% on a constant currency basis.
  • Deferred revenue was $170.7 million, growing 66% year-over-year.
  • GAAP operating loss was $32.1 million; GAAP operating margin was -40%.
  • Non-GAAP operating loss was $17.5 million; Non-GAAP operating margin
    was -22%.
  • GAAP net loss per share was $0.48; Non-GAAP net loss per share was
    $0.28.
  • Operating cash flow was -$19.8 million with free cash flow of -$20.9
    million.
  • Cash and cash equivalents were $298.0 million as of April 30, 2019.

Full Fiscal 2019 Financial Highlights

  • Total revenue was $271.7 million, an increase of 70% year-over-year,
    or 72% on a constant currency basis.
  • GAAP operating loss was $101.4 million; GAAP operating margin was -37%.
  • Non-GAAP operating loss was $55.7 million; Non-GAAP operating margin
    was -21%.
  • GAAP net loss per share was $1.86; Non-GAAP net loss per share was
    $1.11.
  • Operating cash flow was -$23.9 million with free cash flow of -$27.4
    million, or -10% free cash flow margin.

“Q4 was an incredible ending to a strong fiscal year,” said Shay Banon,
founder and chief executive officer at Elastic. “We are seeing strong
demand across our products and solutions worldwide. We continue to
invest heavily across all parts of the business to drive growth and we
look forward to continued momentum in fiscal 2020.”

In a separate news
release
issued today, we announced the proposed acquisition of
Endgame, Inc. (“Endgame”), a security company focused on endpoint
protection, detection, and response.

Fourth Quarter Fiscal 2019 Key Metrics and Recent Business Highlights

  • Total subscription customer count was over 8,100.
  • Total customer count with ACV greater than $100,000 was over 440.
  • Subscription revenue represented 91% of total revenue.
  • Net Expansion Rate remained over 130% for the tenth consecutive
    quarter.
  • Released version 6.7 of the Elastic Stack introducing two new
    solutions: Elastic Maps, for advanced, layered visualization of
    geospatial data on a map, and Elastic Uptime, for real-time monitoring
    and availability of systems and services.
  • Version 6.7 of the Elastic Stack made many proprietary features
    generally available, including cross-cluster replication, index
    lifecycle management, Elasticsearch SQL (including ODBC and JDBC
    clients), Canvas, and Functionbeat.
  • Released version 7.0 of the Elastic Stack delivering improvements to
    query speed and relevance with the introduction of new query types in
    Elasticsearch, a fully revamped cluster coordination framework that
    hardens resiliency, and a completely redesigned Kibana interface that
    simplifies the user experience and navigation.
  • Released version 2.2 of Elastic Cloud Enterprise (ECE) adding many of
    the recent Elastic Stack features in a native way to ECE, and
    providing better security and management in multitenant environments.
  • Announced an expanded partnership with Google Cloud (GCP) and a new
    global partnership with Tencent Cloud.
  • Made certain core security features free, further differentiating our
    proprietary, free features in the Basic version of the Elastic Stack.
    Users can now encrypt network traffic, create and manage users, define
    roles that protect index and cluster level access, and fully secure
    Kibana with Spaces.
  • Released Elastic Cloud on Kubernetes (ECK) in the Basic version of the
    Elastic Stack. ECK is an orchestration product based on the Kubernetes
    Operator pattern that lets users provision, manage, and operate
    Elasticsearch clusters on Kubernetes.
  • Announced the Beta version of Elastic Enterprise Search, a product
    that allows teams and organizations to search all the data scattered
    across the many tools that power the productivity of their workforce.
  • Announced SOC 2 Type 2 and CSA Star Level 2 Attestation for Elastic
    Cloud.
  • Held six successful Elastic{ON} Tour events to engage with our
    community of users, customers, and partners in Beijing, Seattle, San
    Francisco, São Paolo, Tokyo, and Zurich with waitlists driven by
    strong demand.
  • Appointed Caryn Marooney to the Elastic Board of Directors. Caryn
    recently led global communications for Facebook. Prior to joining
    Facebook, Caryn co-founded OutCast Communications.

Financial Outlook

The Company is providing the following guidance:

For its first quarter of fiscal 2020 (ending July 31, 2019):

  • Total revenue is expected to be between $82 million and $84 million.
  • Non-GAAP operating margin is expected to be between -34% and -32%.
  • Non-GAAP net loss per share is expected to be between $0.44 and $0.42,
    assuming between 74 and 75 million weighted average ordinary shares
    outstanding.

For its fiscal year 2020 (ending April 30, 2020):

  • Total revenue is expected to be between $397 million and $403 million.
  • Non-GAAP operating margin is expected to be between -25% and -23%,
    including approximately -2% related to the proposed acquisition of
    Endgame.
  • Non-GAAP net loss per share is expected to be between $1.49 and $1.33,
    assuming between 76 and 80 million weighted average ordinary shares
    outstanding.

See the section titled “Forward-Looking Statements” below for
information on the factors that could cause our actual results to differ
materially. A reconciliation of non-GAAP guidance measures to
corresponding GAAP measures is not available on a forward-looking basis
without unreasonable effort due to the uncertainty regarding, and the
potential variability of, many of the costs and expenses that may be
incurred in the future.

Conference Call and Webcast

Elastic’s executive management team will host a conference call today
beginning at 2:00 p.m. PT/ 5:00 p.m. ET/ 11:00 p.m. CEST to discuss the
Company’s financial results and business outlook. A live audio webcast
of the conference call will be available through Elastic’s Investor
Relations website at ir.elastic.co.
Slides will accompany the webcast. The replay of the webcast and slides
will be available for two months.

About Elastic

Elastic is a search company. As the creators of the Elastic Stack
(Elasticsearch, Kibana, Beats, and Logstash), Elastic builds
self-managed and SaaS offerings that make data usable in real time and
at scale for use cases like application search, site search, enterprise
search, logging, APM, metrics, security, business analytics, and many
more.

Elastic and associated marks are trademarks or registered
trademarks of Elastic N.V. and its subsidiaries. All other company and
product names may be trademarks of their respective owners.

Use of Non-GAAP Financial Measures

Reconciliations of non-GAAP financial measures to Elastic’s financial
results as determined in accordance with GAAP are included at the end of
this press release following the accompanying financial data. For a
description of these non-GAAP financial measures, including the reasons
management uses each measure, please see the section of this press
release titled “About Non-GAAP Financial Measures.”

Forward-Looking Statements

This press release contains forward-looking statements which include,
but are not limited to, expected financial results for the fiscal
quarter ending July 31, 2019 and the fiscal year ending April 30, 2020.
These forward-looking statements are subject to the safe harbor
provisions under the Private Securities Litigation Reform Act of 1995.
Our expectations and beliefs regarding these matters may not
materialize. Actual outcomes and results may differ materially from
those contemplated by these forward-looking statements as a result of
uncertainties, risks, and changes in circumstances, including but not
limited to risks and uncertainties related to: our ability to continue
to deliver and improve our offerings and successfully develop new
offerings; customer acceptance and purchase of our existing offerings
and new offerings; our ability to maintain and expand our customer base;
the market for our products not continuing to develop; competition from
other products; the impact of foreign currency exchange rate and
interest rate fluctuations on our results; our business strategy and our
plan to build our business; our ability to effectively manage our
growth; the pace of change and innovation in the markets in which we
participate and the competitive nature of those markets; our
international expansion strategy; our service performance and security,
including the resources and costs required to prevent, detect and
remediate potential security breaches; our operating results and cash
flows; our strategy of acquiring complementary businesses and our
ability to successfully integrate acquired businesses and technologies;
our relationships with third parties, including partners; our ability to
protect our intellectual property rights; our ability to develop our
brands; our ability to attract and retain qualified employees and key
personnel; the impact of expensing stock options and other equity
awards; the sufficiency of our capital resources; our proposed
acquisition of Endgame, including the potential impact on our operating
margin; the impact of the transaction on Elastic’s future product
offerings, and general market, political, economic and business
conditions. Additional risks and uncertainties that could cause actual
outcomes and results to differ materially from those contemplated by the
forward-looking statements are included under the caption “Risk Factors”
and elsewhere in our most recent filings with the Securities and
Exchange Commission (the “SEC”), including our Quarterly Report on Form
10-Q for the fiscal quarter ended January 31, 2019 and any subsequent
reports on Form 10-K, Form 10-Q or Form 8-K filed with the SEC. SEC
filings are available on the Investor Relations section of Elastic’s
website at ir.elastic.co
and the SEC’s website at www.sec.gov.
Elastic assumes no obligation to, and does not currently intend to,
update any such forward-looking statements after the date of this
release, except as required by law.

Contact Information

Anthony Luscri
Elastic Investor Relations
ir@elastic.co
(650)
695-1055

Deborah Wiltshire
Elastic Corporate Communications
press@elastic.co

   

Elastic N.V.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(amounts in thousands, except share and per share amounts)

(Unaudited)

 
Three Months Ended April 30, Year Ended April 30,
2019   2018 2019   2018
Revenue
License – self-managed $ 12,624 $ 8,839 $ 39,474 $ 25,759
Subscription – self-managed and SaaS   60,999   37,337   208,780   123,623
Total subscription revenue 73,623 46,176 248,254 149,382
Professional services   6,976   3,396   23,399   10,553
Total revenue   80,599   49,572   271,653   159,935
Cost of revenue
Cost of license – self-managed 97 97 387 387
Cost of subscription – self-managed and SaaS   16,548   9,302   53,560   27,920
Total cost of revenue – subscription 16,645 9,399 53,947 28,307
Cost of professional services   6,797   4,201   24,063   12,433
Total cost of revenue   23,442   13,600   78,010   40,740
Gross profit   57,157   35,972   193,643   119,195
Operating expenses
Research and development 31,004 17,543 101,167 55,641
Sales and marketing 45,044 27,927 147,296 82,606
General and administrative   13,194   9,737   46,536   28,942
Total operating expenses   89,242   55,207   294,999   167,189
Operating loss (32,085 ) (19,235 ) (101,356 ) (47,994 )
Other income (expense), net   704   (544 )   3,441   (1,357 )
Loss before income taxes (31,381 ) (19,779 ) (97,915 ) (49,351 )
Provision for income taxes   3,454   1,624   4,388   3,376
Net loss $ (34,835 ) $ (21,403 ) $ (102,303 ) $ (52,727 )

Net loss per share attributable to ordinary
shareholders,
basic and diluted

$ (0.48 ) $ (0.66 ) $ (1.86 ) $ (1.65 )

Weighted-average shares used to compute net loss
per share
attributable to ordinary shareholders,
basic and diluted

  72,307,990   32,638,830   54,893,365   32,033,792
 
 

Elastic N.V.

CONDENSED CONSOLIDATED BALANCE SHEETS

(amounts in thousands, except share and per share amounts)

(Unaudited)

 
April 30,
Assets 2019   2018
Current assets:
Cash and cash equivalents $ 298,000 $ 50,941
Restricted cash 2,280 668

Accounts receivable, net of allowance for doubtful accounts of
$1,411 and $776 as of April 30, 2019 and April 30, 2018,
respectively

81,274 53,233
Deferred contract acquisition costs 17,215 12,125
Prepaid expenses and other current assets   30,872   15,261
Total current assets 429,641 132,228
Property and equipment, net 5,448 4,536
Goodwill 19,846 19,182
Intangible assets, net 6,723 8,297
Deferred contract acquisition costs, non-current 8,935 5,954
Deferred offering costs 242
Deferred tax assets 1,748 3,946
Other assets   13,397   8,628
Total assets $ 485,738 $ 183,013

Liabilities, Redeemable Convertible Preferred Shares and
Shareholders’ Equity (Deficit)

Current liabilities:
Accounts payable $ 4,450 $ 2,176
Accrued expenses and other liabilities 18,740 11,816
Accrued compensation and benefits 22,147 15,191
Deferred revenue   158,243   95,929
Total current liabilities 203,580 125,112
Deferred revenue, non-current 12,423 6,632
Other liabilities, non-current   6,723   3,877
Total liabilities   222,726   135,621
Commitments and contingencies

Redeemable convertible preference shares, par value €0.001 per
share;
No shares authorized, issued, or outstanding as of
April 30, 2019;
29,026,193 shares authorized; 28,939,466
shares issued and
outstanding as of April 30, 2018

    200,921
Shareholders’ equity (deficit):

Convertible preference shares, €0.01 par value; 165,000,000 shares
authorized, 0 shares
issued and outstanding as of April 30,
2019; 0 shares authorized, issued and
outstanding as of April
30, 2018

Ordinary shares, par value €0.01 per share: 165,000,000 shares
authorized;
73,675,083 shares issued and outstanding as of
April 30, 2019

754

Ordinary shares, par value of €0.001 per share; 72,000,000 shares
authorized;
0 and 33,232,955 shares issued and outstanding as
of April 30, 2019
and April 30, 2018, respectively

33

Treasury stock, 35,937 shares (repurchased at an average price of
$10.30 per share)

(369 ) (369 )
Additional paid-in capital 581,135 62,542
Accumulated other comprehensive loss (1,431 ) (961 )
Accumulated deficit   (317,077 )   (214,774 )
Total shareholders’ equity (deficit)   263,012   (153,529 )

Total liabilities, redeemable convertible preference shares and
shareholders’
equity (deficit)

$ 485,738 $ 183,013
 
   

Elastic N.V.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(amounts in thousands)

(Unaudited)

 
Three Months Ended

April 30,

Year Ended

April 30,

2019   2018 2019   2018
Cash flows from operating activities
Net loss $ (34,835 ) $ (21,403 ) $ (102,303 ) $ (52,727 )

Adjustments to reconcile net loss to cash used in operating
activities:

Depreciation and amortization 1,309 1,501 5,695 5,066
Amortization of deferred contract acquisition costs 6,656 3,933 21,374 12,731
Stock-based compensation expense 11,927 4,164 39,942 12,742
Other 3 (1 ) 69 1

Changes in operating assets and liabilities, net of impact of
business acquisition:

Accounts receivable, net (27,576 ) (18,426 ) (29,804 ) (21,606 )
Deferred contract acquisition costs (9,592 ) (9,388 ) (30,006 ) (20,497 )
Prepaid expenses and other current assets (8,451 ) (2,811 ) (18,049 ) (6,920 )
Other assets (3,725 ) (5,320 ) (1,094 ) (7,842 )
Accounts payable 2,592 (5,149 ) 2,226 (23 )
Accrued expenses and other liabilities 1,998 (1,324 ) 8,728 4,397
Accrued compensation and benefits 5,339 6,189 7,409 8,045
Deferred revenue   34,565   24,128   71,876   45,814
Net cash used in operating activities   (19,790 )   (23,907 )   (23,937 )   (20,819 )
Cash flows from investing activities
Purchases of property and equipment (1,088 ) (1,127 ) (3,447 ) (2,968 )
Maturities of short-term investments 15,000
Business acquisitions, net of cash acquired (1,986 ) (3,702 )
Other   (2,850 )     (2,850 )  
Net cash (used in) provided by investing activities   (3,938 )   (1,127 )   (8,283 )   8,330
Cash flows from financing activities

Net proceeds from issuance of common stock in initial public
offering

269,514

Proceeds from issuance of ordinary shares upon exercise of stock
options

15,015 595 18,552 2,337

Proceeds from the issuance of ordinary shares related to early
exercise of stock options

1,066 1,566
Repurchase of ordinary shares (344 )
Repurchase of early exercised options (500 )
Repayment of notes payable (33 ) (42 ) (106 ) (132 )
Payments of deferred offering costs   1     (5,672 )  
Net cash provided by financing activities   14,983   1,619   281,788   3,427

Effect of exchange rate changes on cash, cash equivalents, and
restricted cash

  535   (488 )   (897 )   781

Net (decrease) increase in cash, cash equivalents, and restricted
cash

  (8,210 )   (23,903 )   248,671   (8,281 )
Cash, cash equivalents, and restricted cash, beginning of period   308,490   75,512   51,609   59,890
Cash, cash equivalents, and restricted cash, end of period $ 300,280 $ 51,609 $ 300,280 $ 51,609
 
   

Elastic N.V.

REVENUE BY TYPE

(amounts in thousands, except percentages)

(Unaudited)

 
Three Months Ended April 30, Year Ended April 30,
2019   2018 2019   2018
    % of     % of     % of     % of
Total Total Total Total
Amount Revenue Amount Revenue Amount Revenue Amount Revenue

Self-managed subscription

$ 59,855   74 % $ 38,043   77 % $ 202,419   74 % $ 123,898   77 %
License 12,624 16 % 8,839 18 % 39,474 14 % 25,759 16 %
Subscription 47,231 58 % 29,204 59 % 162,945 60 % 98,139 61 %
SaaS   13,768   17 %   8,133   16 %   45,835   17 %   25,484   16 %
Total subscription revenue 73,623 91 % 46,176 93 % 248,254 91 % 149,382 93 %
Professional services   6,976   9 %   3,396   7 %   23,399   9 %   10,553   7 %
Total revenue $ 80,599   100 % $ 49,572   100 % $ 271,653   100 % $ 159,935   100 %
 
   

Elastic N.V.

RECONCILIATION OF GAAP TO NON-GAAP DATA

CALCULATED BILLINGS

(amounts in thousands)

(Unaudited)

 
Three Months Ended April 30, Year Ended April 30,
2019     2018 2019   2018
Total revenue $ 80,599 $ 49,572 271,653 $ 159,935

Add: Increase in total deferred revenue

34,565 24,128 71,876 45,814

Less: Decrease (increase) in
unbilled accounts receivable

  223   (382 )   (571 )   (25 )
Calculated billings $ 115,387 $ 73,318 $ 342,958 $ 205,724
 
   

Elastic N.V.

RECONCILIATION OF GAAP TO NON-GAAP DATA

FREE CASH FLOW

(amounts in thousands, except percentages)

(Unaudited)

 
Three Months Ended April 30, Year Ended April 30,
2019   2018 2019   2018
Net cash used in operating activities $ (19,790 ) $ (23,907 ) $ (23,937 ) $ (20,819 )
Less: Purchases of property and equipment   (1,088 )   (1,127 )   (3,447 )   (2,968 )
Free cash flow $ (20,878 ) $ (25,034 ) $ (27,384 ) $ (23,787 )
Net cash (used in) provided by investing activities $ (3,938 ) $ (1,127 ) $ (8,283 ) $ 8,330
Net cash provided by financing activities $ 14,983 $ 1,619 $ 281,788 $ 3,427

Net cash used in operating activities
(as a percentage of
total revenue)

(25 )% (48 )% (9 )% (13 )%

Less: Purchases of property and equipment
(as a percentage of
total revenue)

  (1 )%   (3 )%   (1 )%   (2 )%
Free cash flow margin   (26 )%   (51 )%   (10 )%   (15 )%
 
             

Elastic N.V.

RECONCILIATION OF GAAP TO NON-GAAP DATA

For the three months ended April 30, 2019

(amounts in thousands, except percentages, share and per share
amounts)

(Unaudited)

 
GAAP Stock-Based

Compensation

Expense

Employer
Payroll
Taxes on
Employee
Stock
Transactions

Amortization

of Acquired

Intangibles

Acquisition

Related

Expenses

Tax

Adjustment(1)

Non-GAAP(2)
Cost of revenue

Cost of license – self-managed

$ 97 (97 ) $

Cost of subscription – self-managed
and SaaS

$ 16,548 (1,195 ) (28 ) (570 ) $ 14,755

Total cost of revenue – subscription

$ 16,645 (1,195 ) (28 ) (667 ) $ 14,755

Cost of professional services

$ 6,797 (440 ) (10 ) $ 6,347
Total cost of revenue $ 23,442 (1,635 ) (38 ) (667 ) $ 21,102
Gross profit $ 57,157 1,635 38 667 $ 59,497
Gross margin (2) 70.9 % 2.0 % 0.0 % 0.8 % 0.0 % 0.0 % 73.8 %
Operating expenses
Research and development $ 31,004 (4,714 ) (939 ) (168 ) $ 25,183
Sales and marketing $ 45,044 (3,911 ) (747 ) (33 ) $ 40,353
General and administrative $ 13,194 (1,667 ) (90 ) $ 11,437

Total operating expenses

$ 89,242 (10,292 ) (1,776 ) (33 ) (168 ) $ 76,973
Operating loss $ (32,085 ) 11,927 1,814 700 168 $ (17,476 )
Operating margin (2) (39.8 )% 14.8 % 2.3 % 0.9 % 0.2 % 0.0 % (21.7 )%
Other income, net $ 704 $ 704
Loss before income taxes $ (31,381 ) 11,927 1,814 700 168 $ (16,772 )
Provision for income taxes $ 3,454 246 $ 3,700
Tax rate (2) (11.0 )% (22.1 )%
Net loss $ (34,835 ) 11,927 1,814 700 168 (246 ) $ (20,472 )
 

Net loss per share attributable to ordinary
shareholders,
basic and diluted (2)(3)

$ (0.48 ) $ 0.16 $ 0.03 $ 0.01 $ 0.00 $ (0.00 ) $ (0.28 )
 

(1)

  Non-GAAP financial information for the quarter is adjusted for a tax
rate equal to our annual estimated tax rate on non-GAAP income. This
rate is based on our estimated annual GAAP income tax rate forecast,
adjusted to account for items excluded from GAAP income in
calculating the non-GAAP financial measures presented above as well
as significant tax adjustments, such as adjustments resulting from
the 2017 Tax Cut and Jobs Act. Our estimated tax rate on non-GAAP
income is determined annually and may be adjusted during the year to
take into account events or trends that we believe materially impact
the estimated annual rate including, but not limited to, significant
changes resulting from tax legislation, material changes in the
geographic mix of revenue and expenses and other significant events.
Due to the differences in the tax treatment of items excluded from
non-GAAP earnings, as well as the methodology applied to our
estimated annual tax rates as described above, our estimated tax
rate on non-GAAP income may differ from our GAAP tax rate and from
our actual tax liabilities.
 

(2)

Totals may not sum, due to rounding. Gross margin, operating margin,
tax rate and earnings per share are calculated based upon the
respective underlying, non-rounded data.
 

(3)

Calculated based upon 72,307,990 weighted-average shares, basic and
diluted.
 
             

Elastic N.V.

RECONCILIATION OF GAAP TO NON-GAAP DATA

For the three months ended April 30, 2018

(amounts in thousands, except percentages, share and per share
amounts)

(Unaudited)

 
GAAP Stock-Based

Compensation

Expense

Employer
Payroll Taxes
on Employee
Stock
Transactions(4)

Amortization

of Acquired

Intangibles

Acquisition

Related

Expenses

Tax

Adjustment(1)

Non-GAAP(2)
Cost of revenue

Cost of license – self-managed

$ 97 (97 ) $

Cost of subscription – self-managed and SaaS

$ 9,302 (253 ) (554 ) $ 8,495

Total cost of revenue – subscription

$ 9,399 (253 ) (651 ) $ 8,495

Cost of professional services

$ 4,201 (120 ) $ 4,081
Total cost of revenue $ 13,600 (373 ) (651 ) $ 12,576
Gross profit $ 35,972 373 651 $ 36,996
Gross margin (2) 72.6 % 0.8 % 1.3 % 0.0 % 0.0 % 74.6 %
Operating expenses
Research and development $ 17,543 (1,618 ) (167 ) $ 15,758
Sales and marketing $ 27,927 (1,112 ) (37 ) $ 26,778
General and administrative $ 9,737 (1,061 ) $ 8,676

Total operating expenses

$ 55,207 (3,791 ) (37 ) (167 ) $ 51,212
Operating loss $ (19,235 ) 4,164 688 167 $ (14,216 )
Operating margin (2) (38.8 )% 8.4 % 0.0 % 1.4 % 0.3 % 0.0 % (28.7 )%
Other expense, net $ (544 ) $ (544 )
Loss before income taxes $ (19,779 ) 4,164 688 167 $ (14,760 )
Provision for income taxes $ 1,624 1,131 $ 2,755
Tax rate (2) (8.2 )% (18.7 )%
Net loss $ (21,403 ) 4,164 688 167 (1,131 ) $ (17,515 )
 

Net loss per share attributable to ordinary
shareholders,
basic and diluted (2)(3)

$ (0.66 ) $ 0.13 $ $ 0.02 $ 0.01 $ (0.03 ) $ (0.54 )
 

Contacts

Anthony Luscri
Elastic Investor Relations
ir@elastic.co
(650)
695-1055

Deborah Wiltshire
Elastic Corporate Communications
press@elastic.co

Read full story here

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