On Thursday Carbon Black, Inc. (NASDAQ: CBLK) has shown downward move of -1.95% and ended the last trade at $24.58. The trading volume was recorded to 114,986 shares as compared to average traded volume of 602,323 shares.
Carbon Black, Inc. (NASDAQ: CBLK) a leader in next-generation endpoint security, recently reported its financial results for the first quarter ended March 31, 2018.
First Quarter 2018 Financial Highlights
Revenue: Total revenue was $48.4M in the first quarter fiscal 2018, a raise of 35% year-over-year. Subscription revenue was $45.4M, a raise of 38% year-over-year, and services revenue was $3.0M, a raise of 4% year-over-year.
Gross Profit: Gross profit was $38.2M in the first quarter fiscal 2018, representing a 78.9% gross margin, consistent with the year-before period. Non-GAAP gross profit was $38.7M, representing an 80.0% non-GAAP gross margin.
Loss from Operations: Loss from operations was ($17.8)M in the first quarter fiscal 2018, contrast to ($12.5)M in the year-before period. Non-GAAP loss from operations was ($11.1)M, contrast to ($9.9)M in the year-before period.
Net Loss: Net loss was ($20.6M). Net loss attributable to ordinary stockholders was ($60.6)M, or ($5.38) per share based on 11.3M weighted-average shares outstanding, in the first quarter fiscal 2018. Net loss attributable to ordinary stockholders includes ($40.0)M of accretion of preferred stock to redemption value. In the year ago period, net loss was ($12.4)M and net loss attributable to ordinary stockholders was ($24.1)M, or ($2.40) per share based on 10.0M weighted-average shares outstanding. Non-GAAP net loss was ($11.0)M, or ($0.98) per share based on 11.3M weighted-average shares outstanding. This compares to ($10.0)M, or ($0.99) per share based on 10.0M non-GAAP weighted-average shares outstanding, in the year-before period.
Cash Flow: As of March 31, 2018, Carbon Black had $33.7M in cash and cash equivalents. During the three months ended March 31, 2018, Carbon Black used ($0.8)M of cash in operations and ($1.8)M in capital expenditures and capitalized software development costs, leading to negative free cash flow of ($2.6)M, contrast to negative free cash flow of ($8.1)M in the year-before period. Subsequent to the end of the quarter, the company closed its initial public offering of ordinary stock on May 8, 2018, which generated proceeds, net of underwriting discounts and commissions, of $162.6M.
The average true range of Carbon Black, Inc.’s (CBLK) is recorded at 1.53 and the relative strength index of the stock stands 54.23. The stock price is going above to its 52 week low with 24.39% and lagging behind from its 52 week high with -29.77%. Analyst recommendation for this stock stands at 2.10. A look on the firm performance, its monthly performance is 20.14% and a quarterly performance of 3.54%. The stock price is trading downbeat from its 200 days moving average with -0.04% and up from 50 days moving average with 2.71%.