metamorworks Samsara is an excellent SaaS bargain Samsara (NYSE:IOT), or as the ticker IoT suggests, is an Internet of Things, subscription business, linking vehicles and equipment via hardware such as sensors and dashcam videos, through software applications to their cloud-based platforms to provide insights and analytics for customers such as large logistics fleets and construction companies. I've been planning to recommend Samsara stock for a while now, and it’s finally got to a price of $30, 25% bel ...

Integration Offers GPS-Based, Real-Time Toll Billing to Samsara Customers SAN FRANCISCO, April 18, 2024 /PRNewswire/ -- MapUp, a provider of software-defined tolling solutions, today unveiled TollTally, an innovative toll management solution, now integrated with Samsara. This collaboration enables Samsara customers to automate toll billing and reimburse drivers for tolls in real-time. TollTally is a real-time toll billing solution leveraging AI and vehicle telematics data to accurately monitor and record to ...

We may be far from the at-home robotics revolution the Jetsons promised, but there’s still plenty of innovation brewing beneath the surface. While headlines often declare the imminent replacement of workers by AI-enabled robots, reality presents a more optimistic scenario. As the quality of our lives and the dollar value of our labor rise, we’re likely to keep outsourcing greater aspects of our at-home lives to autonomous or robotics systems.However, one issue for retail investors is that many of the most g ...

Cash and Investments - The company had $823.8 million in cash, cash equivalents, and short-term and long-term investments as of February 3, 2024, with a hypothetical 100 basis point change in interest rates affecting the market value by $5.3 million[404] - As of January 28, 2023, the company held $803.0 million in cash, cash equivalents, and short-term and long-term investments, with a hypothetical 100 basis point change in interest rates impacting the market value by $3.4 million[405] - The company's cash equivalents and marketable debt securities are subject to market risk due to interest rate fluctuations, with no investments made for trading or speculative purposes[404] - Total cash, cash equivalents, and restricted cash as of February 3, 2024, amounted to $154.7 million, compared to $223.8 million as of January 28, 2023[493] - The company's available-for-sale marketable debt securities had an estimated fair value of $688.3 million as of February 3, 2024, with $412.1 million due within one year and $276.2 million due in one to three years[494][496] - Total cash equivalents and restricted cash as of February 3, 2024 were $95.579 million, compared to $193.157 million as of January 28, 2023, showing a significant decrease[500] - Total marketable debt securities as of February 3, 2024 were $688.292 million, up from $602.293 million as of January 28, 2023[500] Revenue and Financial Performance - The company's revenue is primarily denominated in U.S. dollars, minimizing foreign currency exchange risk, and a hypothetical 10% change in the U.S. dollar's value would not materially impact consolidated financial statements[406] - Revenue grew significantly to $937.4 million in 2024, up from $652.5 million in 2023, representing a 43.6% increase[422] - Net loss widened to $286.7 million in 2024 compared to $247.4 million in 2023, an increase of 15.9%[422] - Total revenue for the fiscal year ended February 3, 2024 was $937.385 million, up from $652.545 million for the fiscal year ended January 28, 2023[513] - Subscription revenue for the fiscal year ended February 3, 2024 was $919.362 million, compared to $639.533 million for the fiscal year ended January 28, 2023[513] - Total revenue for the fiscal year ended February 3, 2024, was $937.4 million, with $821.9 million from the United States and $115.5 million from other regions[560] Expenses and Costs - Research and development expenses increased to $258.6 million in 2024 from $187.4 million in 2023, up 38.0%[422] - Sales and marketing expenses grew to $486.6 million in 2024 from $370.1 million in 2023, a 31.5% increase[422] - Advertising and promotional costs were $59.6 million, $47.1 million, and $41.9 million for fiscal years 2024, 2023, and 2022, respectively[468] - Impairment charges for long-lived assets were $4.8 million, $1.1 million, and $1.9 million for fiscal years 2024, 2023, and 2022, respectively[470] - Cost of revenue includes amortization of IoT device costs, cellular-related costs, third-party cloud infrastructure expenses, and customer support costs, among others[458] - Research and development expenses are charged as incurred, focusing on new features and products for the Connected Operations Cloud, with internal-use software development costs capitalized when criteria are met[462] - Capitalized internal-use software development costs for the fiscal year ended February 3, 2024 were $9.715 million, compared to $6.270 million for the fiscal year ended January 28, 2023[506] Foreign Currency and Inflation - The company's operating expenses are denominated in various currencies, primarily the U.S. dollar and British pound, exposing it to foreign exchange rate fluctuations[406] - The company has not entered into any hedging arrangements for foreign currency risk but may consider doing so in the future[406] - The company does not believe inflation has had a material impact on its financial statements, but significant inflationary pressures could affect future costs and financial performance[407] Stock-Based Compensation - Stock-based compensation expense increased to $237.1 million in fiscal year 2024, up from $177.5 million in fiscal year 2023[430] - Stock-based compensation is measured based on the fair value of awards on the grant date, including stock options, RSUs, and shares under the 2021 ESPP[471] - The fair value of employee stock options and shares under the 2021 ESPP is determined using the Black-Scholes model, with compensation expense recognized over a four-year vesting period for stock options and a one-year offering period for ESPP shares[472] - The fair value of RSUs granted post-IPO is based on the closing price of Class A common stock on the grant date, with expense recognized over a four-year vesting period for RSUs granted through fiscal year 2023[473] - The contractual term of stock options and RSUs granted prior to IPO is 10 years and 7 years, respectively[474] - Total stock-based compensation expense for the fiscal year ended February 3, 2024 was $237.1 million, with RSUs accounting for $220.7 million[545] - Unrecognized stock-based compensation expense related to outstanding unvested stock options for employees was approximately $2.2 million as of February 3, 2024, expected to be recognized over 0.4 years[535] - As of February 3, 2024, unrecognized stock-based compensation expense related to outstanding unvested RSUs was approximately $447.1 million, expected to be recognized over a weighted-average period of 1.3 years[537] - The balance of RSUs as of February 3, 2024 was 35,371,274 shares with a weighted-average grant-date fair value of $15.17[537] - The Company's unrecognized stock-based compensation expense related to the 2021 ESPP as of February 3, 2024 was approximately $8.8 million, expected to be recognized over 0.8 years[541] Deferred Revenue and Performance Obligations - Deferred revenue, current, rose to $426.4 million in 2024 from $300.1 million in 2023, a 42.1% increase[421] - Deferred revenue increased by $138.9 million during fiscal year 2024, reaching $112.9 million at the end of the period[430] - Deferred revenue as of February 3, 2024 was $565.486 million, up from $426.565 million as of January 28, 2023[513] - Remaining Performance Obligations (RPO) as of February 3, 2024 were $2,001.2 million, with $948.1 million expected to be recognized over the next 12 months[514] - Deferred revenue primarily consists of prepayments for future periods and unearned portions of monthly-billed subscription fees, with the current portion expected to be recognized within one year[456] Assets and Liabilities - Total assets increased to $1,734.8 million in 2024 from $1,617.0 million in 2023, reflecting a growth of 7.3%[421] - Long-term investments surged to $276.2 million in 2024 from $113.1 million in 2023, a 144.2% rise[421] - Total stockholders' equity decreased to $915.1 million in 2024 from $938.0 million in 2023, a 2.4% decline[421] - Total stockholders' equity as of February 3, 2024 was $915.1 million, compared to $938.0 million at the beginning of the fiscal year[427] - Operating lease right-of-use (ROU) assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments, with ROU assets representing the company's right to use an underlying asset and lease liabilities representing the obligation to make lease payments[445] - Operating lease liabilities as of February 3, 2024 were $101.946 million, with future minimum lease payments totaling $118.679 million[510] - Long-lived assets, net, as of February 3, 2024, were $136.9 million, with $129.9 million in the United States and $7.0 million in other regions[561] Audits and Financial Reporting - The company's financial statements for the fiscal years ending February 3, 2024, and January 28, 2023, were audited and found to be in conformity with U.S. GAAP[411] - The company's internal control over financial reporting as of February 3, 2024, received an unqualified opinion from the auditors[412] - The company adopted ASU No. 2016-13 effective January 29, 2023, which introduced a forward-looking expected loss model for recognizing credit losses, with no material impact on financial statements[487] - The company is evaluating the impact of ASU No. 2023-07, which requires enhanced segment reporting disclosures, effective for the fiscal year ending February 1, 2025[488] Taxes and Valuation Allowances - The Company's loss before provision for income taxes for the fiscal year ended February 3, 2024 was $283.4 million, with U.S. losses at $298.2 million and foreign income at $14.8 million[546] - The Company's valuation allowance increased by $128.7 million during the fiscal year ended February 3, 2024[549] - As of February 3, 2024, the Company had U.S. federal net operating loss carryforwards of approximately $1,866.4 million, with $1,814.2 million carrying forward indefinitely[549][550] - The Company's deferred tax assets as of February 3, 2024 were $600.9 million, with a valuation allowance of $455.3 million, resulting in net deferred tax assets of $145.7 million[547] - The Company's effective income tax rate for the fiscal year ended February 3, 2024 was -1.2%, primarily due to a valuation allowance on U.S. deferred tax assets and stock-based compensation adjustments[546] - The company's U.S. federal and California research and development credit carryforwards are $26.1 million and $15.7 million, respectively, available to offset future income taxes[551] - Unrecognized tax benefits as of February 3, 2024, totaled $16.6 million, up from $9.8 million in the previous year[553] Commitments and Litigation - The company's non-cancelable purchase commitments as of February 3, 2024, total $352.2 million, with $161.97 million due in 2025, $70.48 million in 2026, $79.29 million in 2027, $37.44 million in 2028, and $2.997 million in 2029[517][518] - The company has $17.7 million in letters of credit outstanding as of February 3, 2024, primarily for office space, down from $23.1 million in the previous year[517] - The company committed to spend at least $275.0 million on cloud infrastructure services between July 2022 and June 2027, with $1.8 million in credits earned as of February 3, 2024[518] - The company settled a lease-related litigation in January 2024, resulting in a $68.7 million charge, including a $60.0 million cash payment and $8.7 million for the forgiveness of a previously drawn letter of credit[521] Shareholder Equity and Stock Issuance - As of February 3, 2024, the company had 200,989,931 shares of Class A common stock and 344,983,598 shares of Class B common stock issued and outstanding[529] - The company reserved 126,734,143 shares of common stock for future issuance as of February 3, 2024, including 68,321,018 shares available for future grants under the 2021 Equity Incentive Plan[530] - Under the 2021 ESPP, 1,837,405 shares of Class A common stock were purchased in the fiscal year ended February 3, 2024, resulting in net cash proceeds of $22.5 million[540] Credit Losses and Allowances - The company recorded an allowance for credit losses of $7.8 million as of February 3, 2024, up from $7.5 million in the previous year[442] - The company adopted ASU No. 2016-13 effective January 29, 2023, which introduced a forward-looking expected loss model for recognizing credit losses, with no material impact on financial statements[487] Depreciation and Amortization - Depreciation and amortization expenses totaled $15.5 million in fiscal year 2024, compared to $11.8 million in fiscal year 2023[430] Accounts Receivable and Inventories - Accounts receivable, net decreased by $46.4 million during fiscal year 2024[430] - Inventories increased by $18.3 million during fiscal year 2024, compared to a decrease of $7.5 million in the previous year[430] Connected Devices and Cloud Services - Total connected device costs as of February 3, 2024 were $334.8 million, up from $276.9 million as of January 28, 2023[503] - The company committed to spend at least $275.0 million on cloud infrastructure services between July 2022 and June 2027, with $1.8 million in credits earned as of February 3, 2024[518] Employee Benefits - The company provides a 401(k) plan with dollar-for-dollar matching contributions up to 4% of eligible compensation, with immediate vesting for participants[485] Fair Value Measurements - The company's fair value measurements follow a three-level hierarchy, with Level 1 being the highest priority for unadjusted quoted prices in active markets[497][498][499] Net Loss and Earnings Per Share - Net loss for the fiscal year ended February 3, 2024 was $286.7 million, compared to $247.4 million in the previous year[430] - Basic and diluted net loss per share improved to $0.54 in 2024 from $0.48 in 2023[422] - Net loss attributable to common stockholders for the fiscal year ended February 3, 2024, was $286.7 million, with a net loss per share of $0.54[556] Subscription Revenue and Contracts - Subscription revenue is recognized over the subscription period, typically 3-5 years, with contracts generally non-cancelable and non-refundable, except for public sector customers subject to annual budget cycles[451] Strategic Investments - Strategic investments in non-marketable securities are measured at cost, less impairment, with adjustments recognized in "Interest income and other income (expense), net"[448] Deferred Commissions - Deferred commissions as of February 3, 2024 were $177.6 million, compared to $140.2 million as of January 28, 2023[503] Fiscal Year Details - The company's fiscal year 2024 consisted of 53 weeks, with the fourth quarter comprising 14 weeks[434] Revenue Recognition - The company's revenue recognition involves significant judgment in determining whether connected devices and cloud-based subscriptions represent combined performance obligations, which was identified as a critical audit matter[416][417]

Samsara Inc. (NYSE:IOT) Q4 2024 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Mike Chang - Vice President, Corporate Development & Investor Relations Sanjit Biswas - Co-Founder & Chief Executive Officer Dominic Phillips - Executive Vice President & Chief Financial Officer Conference Call Participants Keith Weiss - Morgan Stanley Matt Hedberg - RBC Alex Zukin - Wolfe Michael Turrin - Wells Fargo Derrick Wood - TD Cowen Matt Pfau - William Blair Junaid Siddiqui - Truist Jim Fish - Pip ...

Q4 FY2024 Investor Presentation © Samsara Inc. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the platform and products of Samsara. Q4 FY24 Business Highlights OUR MISSION 1,848 $100K+ ARR CUSTOMERS 49% Y/Y Growth Leading Provider of © Samsara Inc. Disclaimer and Statement Regarding Use of Non-GAAP Measures This presentation contains statistical data, estimates and forecasts that are based ...

Samsara Reports Fourth Quarter and Full Fiscal Year 2024 Financial Results SAN FRANCISCO, March 7, 2024 — Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations Cloud, reported financial results for the fourth quarter and fiscal year ended February 3, 2024, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com. "Fiscal year 2024 was another year of durable and efficient growth. We ended the year with $1.1 billion of ARR, growing 39% year ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-41140 SAMSARA INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...

Financial Data and Key Metrics - The company surpassed $1 billion in ARR, growing 39% year-over-year [47] - Q3 revenue was $238 million, growing 40% year-over-year [54] - Non-GAAP gross margin reached a quarterly record of 75%, up 2 percentage points year-over-year [30] - Non-GAAP operating margin was positive for the first time at 5%, an improvement of 15 percentage points year-over-year [59] - Adjusted free cash flow margin was 4% in Q3, an improvement of 12 percentage points year-over-year [59] Business Line Data and Key Metrics - Video-based safety and vehicle telematics products each surpassed $400 million of ARR, growing more than 30% year-over-year [25] - Equipment monitoring, a non-vehicle-based application, exceeded $100 million of ARR [27] - Mobile Experience Management (MEM), a new software-only product, crossed $1 million of ARR in its first full quarter [58] Market Data and Key Metrics - 17% of net new ACV came from international geographies, driven by strength in Mexico and Europe [28] - The construction and public sector verticals contributed their highest net new ACV mix over the last three years [57] - The company added a quarterly record of nine customers with more than $1 million in ARR and seven Fortune 1000 customers [47] Company Strategy and Industry Competition - The company is building the only system of record for physical operations, leveraging its Connected Operations Cloud to collect IoT data from a broad range of assets [12] - The company focuses on delivering AI-powered insights to improve safety, efficiency, and sustainability for customers [14] - The company is scaling its multi-product platform to address the needs of the world's most complex physical operations organizations [13] Management Commentary on Operating Environment and Future Outlook - The company sees a large and rapidly digitizing market for physical operations, representing more than 40% of global GDP [21] - The company expects to continue delivering durable growth and operating efficiency improvements [21] - The company raised its FY2024 revenue guidance to between $918 million and $920 million, representing 41% year-over-year growth [31] Other Important Information - The company has over 260 partner integrations, with larger customers typically having six or more active integrations [4] - The company achieved a quarterly record number of large customer additions, with 71 $1 million plus ARR customers, representing 54% year-over-year growth [26] - The company's land-and-expand strategy continues to pay off, with four of the five largest net new ACV transactions being new logos [26] Q&A Session Summary Question: International Opportunity and Scaling Efforts - The company is focused on North America and Western Europe, viewing these as important frontiers for future growth [35] - The company is investing in these markets and will continue to monitor productivity and efficiency to guide future investments [35] Question: Large Deal Momentum and Product Commonality - The company attributes large deal momentum to consistent execution and a balanced mix of new customer acquisitions and expansions [37] - Equipment monitoring is increasingly being adopted upfront in large customer transactions [67] Question: Fiscal 2025 Guidance and Growth Drivers - The company expects initial FY2025 revenue guidance to be higher than current consensus, driven by strong Q3 performance and raised Q4 guidance [69] - The company plans to continue product innovation and add sales capacity to drive growth [109] Question: Non-Transportation Mix and TAM Expansion - Non-fleet products now represent over 17% of the company's mix, with continued strength expected in areas like workflows and Mobile Experience Management [78] - The company is expanding beyond fleet management to address broader physical operations needs [99] Question: Generative AI and Data Utilization - The company is investing in generative AI applications, leveraging its 6 trillion data points and 44 billion minutes of video footage to train models [81] - The company is focused on delivering practical, customer-centric AI solutions to improve workflows and operational efficiency [81] Question: Sales Capacity and Growth Algorithm - The company has moderated sales hiring but remains focused on sustaining high levels of growth by ramping existing capacity and maintaining productivity [82] - The company is operating in a large TAM and sees significant growth opportunities ahead [82] Question: Pricing and Packaging for New Products - The company plans to maintain a simple pricing model for new products, focusing on per asset or per user pricing to ensure ease of adoption [126] Question: SEC Reporting Requirements and ESG - The company's connected operations data is already used by large customers for ESG reporting, and the company plans to integrate more mature reporting requirements into its products [129] Question: Go-to-Market Strategy and Partner Ecosystem - The company's go-to-market strategy remains focused on execution, with no major changes announced under the new CRO [130] - The company continues to see strong momentum in its partner ecosystem as its customer base grows [134]

November 30th, 2023 This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may relate to, but are not limited to, expectations of future operating results or financial performance, market size and growth, industry developments and trends, the calculation of certain of our financial and operating metrics, capital expenditures, plans for future operations, including expansion ...