Samsara (IOT) reported non-GAAP earnings of 3 cents per share in first-quarter fiscal 2025, beating the Zacks Consensus Estimate of 2 cents. The company reported a loss of 2 cents in the previous year. Revenues came in at $281 million, up 37% year over year. The figure beat the Zacks Consensus Estimate by 3.02%. Top-Line Details In the fiscal first quarter, Samsara concluded with Annual Recurring Revenues (ARR) of $1.18 billion, up 37% year over year. The upside was driven by strong large customer momentum, ...

Samsara shares dropped in extended trading on Thursday even as the fleet-management software provider reported quarterly results above analysts' expectations and lifted its full-year earnings and sales outlooks. CEO Sanjit Biswas said that he expects the company to produce ongoing strong growth at scale as customers in other industries adopt its platform, though he did point out that Samsara's full-year outlook accounts for potentially deteriorating macroeconomic factors. Monitor the $31 level, an area on t ...

Continued Success in New Frontiers © Samsara Inc. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------|---------|---------|---------|---------|---------|---------|-------|---------|---------|---------|---------|---------|-----------------|-------|---------| | | | +4 pp | | | Q1 FY24 | Q2 FY24 | | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q1 FY24 | Q2 FY24 | Q3 FY24 Q4 FY24 | | Q1 FY25 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | +8 pp | | | | Q1 ...

Samsara Inc. (IOT) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for nonrecurring items. Ahead of this earnings release, the estimate revisions trend for Samsara Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stoc ...

Financial Performance - Q1 FY2025 revenue reached $280.7 million, representing a 37% year-over-year growth[4] - Annual Recurring Revenue (ARR) at the end of Q1 FY2025 was $1.176 billion, also reflecting a 37% year-over-year increase[6] - The number of customers with ARR over $100,000 increased by 43% year-over-year, totaling 1,964 customers[6] - Revenue for the three months ended May 4, 2024, was $280,726,000, representing a 37.4% increase from $204,320,000 in the same period last year[34] - Gross profit for the same period was $212,101,000, with a gross margin of 76%, up from 72% year-over-year[39] - Non-GAAP operating income for Q1 FY2025 was $6.2 million, resulting in a non-GAAP operating margin of 2%[5] - Non-GAAP net income for the same period was $15,867,000, compared to a non-GAAP net loss of $11,063,000 in the previous year[39] - The company reported a basic and diluted net loss per share of $0.10 for the three months ended May 4, 2024, compared to $0.13 in the prior year[34] Future Outlook - For Q2 FY2025, the company expects total revenue between $288 million and $290 million, indicating a year-over-year growth of 31% to 32%[7] - The fiscal year 2025 revenue outlook is projected to be between $1.205 billion and $1.213 billion, with a year-over-year growth of 29%[7] - Non-GAAP net income per share for FY2025 is expected to be between $0.13 and $0.15[7] Operational Insights - The company will host an Investor Day on June 27, 2024, to provide further insights into its trajectory and the state of physical operations[9] - Samsara's mission focuses on increasing the safety, efficiency, and sustainability of operations that power the global economy[8] Financial Position - Cash and cash equivalents increased to $162,466,000 as of May 4, 2024, up from $135,536,000 as of February 3, 2024[31] - Total assets as of May 4, 2024, were $1,749,433,000, a slight increase from $1,734,845,000 as of February 3, 2024[31] - Total stockholders' equity rose to $923,888,000 from $915,147,000 in the previous quarter[31] Expenses and Investments - Research and development expenses increased to $72,973,000, up from $60,366,000 year-over-year, reflecting a focus on innovation[34] - Free cash flow for the three months ended May 4, 2024, was $18,608,000, compared to $7,955,000 in the same period last year[42] Profitability Improvement - Net loss for the three months ended May 4, 2024, was $56,289,000, compared to a net loss of $67,856,000 in the prior year, indicating an improvement of 17.5%[34]

The latest trading session saw Samsara Inc. (IOT) ending at $39.37, denoting a -0.25% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.7% for the day. On the other hand, the Dow registered a gain of 0.01%, and the technology-centric Nasdaq increased by 1.1%. Heading into today, shares of the company had gained 14.77% over the past month, outpacing the Computer and Technology sector's gain of 8.26% and the S&P 500's gain of 4.03% in that time. The invest ...

SAN FRANCISCO and RESTON, Va., May 22, 2024 (GLOBE NEWSWIRE) -- Samsara Inc. (NYSE:IOT), the pioneer of the Connected Operations ™ Cloud, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will serve as Samsara's Master Government Aggregator®, making Samsara's technology solutions available to the Public Sector through Carahsoft's reseller partners and National Association of State Procurement Officials (NASPO) ValuePo ...

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.12 per share and a revenue of $1.19 billion, representing changes of +71.43% and +27.47%, respectively, from the prior year. The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 57, finds itself in the top 23% echelons of all 250+ industries. Investors should also pay attention to any latest changes in analyst estimates for Samsara Inc. ...

Samsara Inc. (IOT) closed the most recent trading day at $39.84, moving +0.23% from the previous trading session. This change outpaced the S&P 500's 0.17% gain on the day. Elsewhere, the Dow saw an upswing of 0.32%, while the tech-heavy Nasdaq depreciated by 0.03%.The company's shares have seen an increase of 22.68% over the last month, surpassing the Computer and Technology sector's gain of 0.39% and the S&P 500's gain of 0.17%.The investment community will be paying close attention to the earnings perform ...

Jessie Casson/DigitalVision via Getty Images Samsara (NYSE:IOT) is a company developing IoT (Internet of Things) systems that help extract and gather operational data into its cloud platform to derive insights and streamline operations. IOT was founded in 2015, and initially, it started out as a company delivering connected fleet solutions, such as vehicle telematics and video-based safety offerings. Over time, it has been making expansions into adjacent areas, such as connected equipment and sites, eff ...