Sentinel One first Q: revenue jumped 109% to $ 78.3 million, above analysts' forecasts

Sentinel One, which deals with cyber, reports the results of the first quarter of 2022. The company's revenue jumped 109% to $ 78.3 million, above analysts' forecasts for revenue of $ 74.66 million. The company's ARR grew 110% to $ 339 million in the 12 months ended March. The number of customers increased by 55% to 7450.
Gross profitability reached 65% compared to 51%. Non-GAAP gross profit was 68% compared to 53% in the same quarter last year. The bottom line is that the company reports a net loss of $ 0.33 per share compared to analysts' expected net loss of $ 0.24 per share.
Compared to the next quarter, the company expects revenue of $ 95 to $ 96 million with a gross profit margin of 68% to 69% and an operating loss of 73% to 75%. For the full year, the company expects revenue of $ 403 to $ 407 million with a gross margin of 69% to 70% and an operating loss of 55% to 60%.
Sentinel One CEO Tomer Weingarten said after the reports: “The first quarter results show a combination of a strong demand environment for our leading cyber platform and impressive performance. We are again showing triple-digit growth with an increase in profitability, in addition to a record number of new customers. "