SentinelOne, Inc. (S) has announced its financial results for the third quarter, revealing an increased loss compared to the same period last year and falling short of Wall Street predictions.
The company's net loss for the quarter was $78.36 million, translating to a loss per share of $0.25. This is compared to last year's third-quarter net loss of $70.30 million, or $0.24 per share.
Analysts had, on average, anticipated a loss of $0.20 per share, as compiled by Thomson Reuters. It is important to note that analysts' forecasts typically do not account for special items.
On a positive note, the company's revenue for the quarter experienced significant growth, rising by 28.3% to reach $210.65 million, up from $164.17 million in the previous year.
A summary of SentinelOne, Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP) is as follows:
- Third Quarter Earnings: A net loss of $78.36 million, compared to a loss of $70.30 million in the prior year.
- Third Quarter Earnings Per Share (EPS): A loss of $0.25, compared to a $0.24 loss in the previous year.
- Third Quarter Revenue: $210.65 million compared to $164.17 million in the prior year.
Looking forward, the company has provided guidance, projecting revenue for the next quarter at $222 million and full-year revenue at $818 million.
