VARONIS SYSTEMS, INC. VRNS Income Statement

Varonis systems, inc. (VRNS)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Revenues:
Revenue
252,006	254,190	269,148	270,551	273,120	270,288	255,771	242,084	229,325	215,390	198,204	185,776	174,986	165,863	153,885	144,185	134,694	127,210	117,087	111,413	106,879	101,348	93,323	86,270	79,491	74,616	0	0	0
Cost of revenues
36,998	35,144	33,241	31,525	29,567	27,683	25,651	24,022	22,463	20,714	19,401	18,094	16,934	15,737	14,612	13,540	12,682	12,019	11,528	11,074	10,702	9,911	9,091	8,153	7,169	6,476	0	0	0
Gross profit
215,008	219,046	235,907	239,026	243,553	242,605	230,120	218,062	206,862	194,676	178,803	167,682	158,052	150,126	139,273	130,645	122,012	115,191	105,559	100,339	96,177	91,437	84,232	78,117	72,322	68,140	0	0	0
Operating costs and expenses:
Research and development
84,684	80,764	78,335	75,202	73,197	69,971	64,085	58,721	52,502	47,369	43,438	40,825	38,232	36,660	35,207	34,002	32,896	31,792	31,116	30,347	29,380	28,086	26,454	24,850	22,893	20,973	0	0	0
Sales and marketing
170,482	169,898	171,965	170,640	170,333	168,309	160,086	151,752	142,983	133,925	123,977	117,929	112,189	105,639	101,909	96,116	90,540	86,367	81,691	78,815	74,737	68,787	62,476	55,850	49,164	44,131	0	0	0
General and administrative
46,498	44,371	43,089	41,524	35,662	33,460	31,837	29,771	28,361	26,801	24,245	22,588	20,769	19,822	18,903	17,888	16,888	16,106	15,088	14,082	12,987	11,872	11,324	10,452	10,007	8,881	0	0	0
Total operating expenses
301,664	295,033	293,389	287,366	279,192	271,740	256,008	240,244	223,846	208,095	191,660	181,342	171,190	162,121	156,019	148,006	140,324	134,265	127,895	123,244	117,104	108,745	100,254	91,152	82,064	73,985	0	0	0
Operating loss
-86,656	-75,987	-57,482	-48,340	-35,639	-29,135	-25,888	-22,182	-16,984	-13,419	-12,857	-13,660	-13,138	-11,995	-16,746	-17,361	-18,312	-19,074	-22,336	-22,905	-20,927	-17,308	-16,022	-13,035	-9,742	-5,845	0	0	0
Financial income (expenses), net
1,192	-389	159	740	-136	970	587	1,110	2,871	2,362	1,303	494	-1,061	-885	-927	-844	163	-1,523	-1,549	-2,389	-2,717	-1,714	-792	-235	-633	-1,274	0	0	0
Loss before income taxes
-85,464	-76,376	-57,323	-47,600	-35,775	-28,165	-25,301	-21,072	-14,113	-11,057	-11,554	-13,166	-14,199	-12,880	-17,673	-18,205	-18,149	-20,597	-23,885	-25,294	-23,644	-19,022	-16,814	-13,270	-10,375	-7,119	0	0	0
Income taxes
2,091	2,388	323	376	396	413	2,925	3,101	3,114	2,787	2,071	1,584	1,307	1,313	925	929	814	686	363	383	350	376	737	491	383	356	0	0	0
Net loss
-87,555	-78,764	-57,646	-47,976	-36,171	-28,578	-28,226	-24,173	-17,227	-13,844	-13,625	-14,750	-15,506	-14,193	-18,598	-19,134	-18,963	-21,283	-24,248	-25,677	-23,994	-19,398	-17,551	-13,761	-10,758	-7,475	0	0	0
Net loss per share of common stock, basic and diluted (in dollars per share)
-1.02	-0.47	-0.56	-0.81	-0.76	0.24	-0.25	-0.44	-0.53	0.26	-0.12	-0.21	-0.43	0.28	-0.17	-0.25	-0.40	0.11	-0.19	-0.25	-0.51	0.27	-0.26	-0.19	-0.73	0.39	-0.66	-0.42	-1.24
Weighted average number of shares used in computing net loss per share of common stock, basic and diluted (in shares)
30,893	30,537	30,380	30,284	29,827	29,518	29,281	28,920	28,362	28,001	27,595	27,321	26,951	26,742	26,492	26,273	26,117	25,810	25,367	24,875	24,741	24,914	24,516	24,455	11,082	3,898	3,897	3,876	3,851
Subscriptions
Revenue
90,090	76,730	49,018	28,230	14,684	8,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Perpetual licenses
Revenue
26,960	42,093	85,094	110,257	131,013	139,578	134,075	129,643	124,683	118,689	109,468	103,059	97,491	93,243	86,419	80,690	74,959	71,273	64,737	62,114	60,525	58,420	53,569	49,586	45,662	43,488	0	0	0
Maintenance and services
Revenue
134,956	135,367	135,036	132,064	127,423	121,960	114,168	107,452	100,944	94,074	88,736	82,717	77,495	72,620	67,466	63,495	59,735	55,937	52,350	49,299	46,354	42,928	39,754	36,684	33,829	31,128	0	0	0