Revenue (Quarterly) is a widely used stock evaluation measure. Box + 1-416-621-4642 (international), conference ID: 4866297. Net cash provided by operating activities in the second quarter of fiscal year 2021 totaled $32.3 million. Box believes these non-GAAP financial measures and key metrics are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by Box’s institutional investors and the analyst community to help them analyze the health of Box’s business. cash flows from operating activities as a measure of liquidity. +1 650-543-6926 accordance with GAAP. Additional information on potential factors that could affect Box’s Reset Password litigation because they are considered by management to be special items Box now expects 2020 full-year revenue to come in between $688 million and $692 million, down from its previous guidance of between $700 million and $704 million. ir@box.com, Box Reports Record Revenue for Fiscal Year 2017, Up 32% Year-Over-Year, and Record Cash Flow from Operations, http://www.businesswire.com/news/home/20170301006350/en/, Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Total liabilities and stockholders’ equity, Weighted-average shares used to compute net loss per share, basic Sign In to Your Account Email Address. considers free cash flow to be a profitability and liquidity measure This compares to GAAP gross profit of $118.7 million, or 69% of revenue in the second quarter of fiscal year 2020. Founded in 2005, Box simplifies work for leading organizations globally, including AstraZeneca, General Electric, JLL, and Morgan Stanley. These non-GAAP financial non-GAAP financial measure given that it is calculated using exclusively “The world is fundamentally different today than it was just a few months ago as organizations must support remote work and rethink their business processes in the cloud," said Aaron Levie, co-founder and CEO of Box. Call Participants. The increase in accounts receivable was due to higher sales and the timing of our cash collections between the two periods. BOX, INC. earnings per share revisions and analysts forecast | Nyse: BOX | Nyse companies, and therefore comparability may be limited. Box believes that both management and investors benefit from referring to these non-GAAP financial measures and key metrics in assessing Box’s performance and when planning, forecasting, and analyzing future periods. expectations regarding the size of its market opportunity, the demand Further, Box’s definitions will likely differ from the definitions used by other companies, including peer companies, and therefore comparability may be limited. A limitation of non-GAAP financial measures and key metrics is that they do not have uniform definitions. and key metrics in assessing Box’s performance and when planning, above. GAAP measures at the end of this press release. including non-GAAP operating loss, non-GAAP operating margin, non-GAAP and success of strategic partnerships, as well as expectations regarding Get the detailed quarterly/annual income statement for Box, Inc. (BOX). Box Figures for fiscal year ending 2020-01-31 Income Statement Financials: Revenue. the weighted average outstanding shares. Box revenue from 2014 to 2020. presentation of these non-GAAP financial measures and key metrics is not growth effectively; (6) Box’s limited operating history, which makes it impairment, amortization of the cost of purchased intangibles is a Box's first-quarter revenue increased 21% year over year to $148 million. Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. Remaining performance obligations (“RPO”) represent, at a point in time, contracted revenue that has not yet been recognized. the reconciliation of GAAP to non-GAAP financial measures. of fiscal 2018. related costs. BOX Company Profile >> Back to BOX Efficiency Comparisons >> Compare BOX Sales per Employee to its Competitors Sales per Employee Comment With revenue increase of 11.44% in the second quarter 2020, year on year to cumulative value of $737 millions, Box Inc 's revenue per employee grew on trailing twelve months basis to a new company high of $ 412,890 . For more information on these non-GAAP financial Billings reflect, in any particular period, (1) sales value of stock options, which is an element of Box’s ongoing stock-based Thus, Box’s non-GAAP financial measures and key metrics should be considered in addition to, and not as a substitute for, or in isolation from, measures prepared in accordance with GAAP. That compares to analyst estimates of $166.2 million to $175 million estimated for the quarter, per Refinitiv. Commission from time to time, including the Quarterly Report on Form margin is defined as non-GAAP operating loss divided by revenue. strength of our business model and our operating discipline as we work and that management considers to be outside of Box’s core (1) Includes intangible assets amortization as follows: (2) Includes stock-based compensation expense as follows: Adjustments to reconcile net loss to net cash used in operating GAAP net loss per share, basic and diluted, in the second quarter of fiscal year 2021 was $0.05 on 154.7 million weighted-average shares outstanding. products and professional services. Box considers billings a significant performance measure. Box Inc forecast annual revenue above analysts' estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due … Although SBC is an important aspect of the compensation of Box’s employees and executives, determining the fair value of certain of the stock-based instruments Box utilizes involves a high degree of judgment and estimation and the expense recorded may bear little resemblance to the actual value realized upon the vesting or future exercise of the related stock-based awards. amortization, and as applicable, other special items. Box, Inc. NYSE:BOX United States / Information Technology / Software. Box Revenue (Quarterly): 196.00M for Oct. 31, 2020. fourth quarter," said Aaron Levie, co-founder and CEO of Box. View 4,000+ financial data types. Aug 26 (Reuters) - Box Inc raised its annual revenue target and beat estimates for quarterly results on Wednesday, as more people opted for its online software services to manage and store content while working from home due to the COVID-19 pandemic. first quarter and full fiscal year 2018 in the section titled “Outlook” including: (1) adverse changes in general economic or market conditions; Box specifically identifies adjusting items in the reconciliation of GAAP to non-GAAP financial measures. to new customers, plus (2) subscription renewals and (3) expansion BOX, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In Thousands, Except Per Share Data) (Unaudited) Three Months Ended: Fiscal Year Ended: January 31, January 31, 2019 * 2018 ** 2019 * 2018 ** Revenue $ 163,713 $ 136,675 $ 608,386 $ 506,142 non-GAAP financial measures and key metrics provide meaningful To supplement Box’s consolidated financial statements, which are means of disclosing material non-public information and for complying There are a significant number of factors that could cause actual Furthermore, unlike cash compensation, the value of stock options, which is an element of Box’s ongoing stock-based compensation expense, is determined using a complex formula that incorporates factors, such as market volatility, that are beyond Box’s control. To Box believes that billings help investors better understand sales activity for a particular period, which is not necessarily reflected in revenue as a result of the fact that Box recognizes subscription revenue ratably over the subscription term. Non-GAAP net income per share, diluted, in the second quarter of fiscal year 2021 was $0.18. Information on or Box’s management believes that these non-GAAP financial measures and key metrics provide meaningful supplemental information regarding Box’s performance by excluding certain expenses that may not be indicative of Box’s recurring core business operating results. that provides useful information to management and investors about the 1-650-209-3463VP, Investor Relationsswakefield@box.comorAlice Management believes it is useful to exclude SBC Non-GAAP operating Non-Operating Income/Expense $-3.47M. Box empowers your teams by making it easy to work with people inside and outside your organization, protect your valuable content, and connect all your apps. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. "Customers are leveraging the full power of Box by adopting products like Shield and Relay and our bundled Suite offering to securely manage, collaborate, and drive workflows around their most important content. The accompanying tables have more details on the reconciliations of basic and diluted outstanding share count expectations for Box’s fiscal is not intended to represent the residual cash flow available for The presentation of these non-GAAP financial measures and key metrics is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. “Our heightened focus on driving expansion and renewals in our existing customer base drove strong top line results, while our focus on overall cost discipline allowed us to significantly improve operating margins and cash flow. its revenue, GAAP and non-GAAP earnings per share, the related Kousoum Lopatto, 1 650-209-3467Sr. components of GAAP and non-GAAP earnings per share, and weighted average investors benefit from referring to these non-GAAP financial measures We’ve consistently Box does not assume any obligation to update the forward-looking Find the latest Revenue & EPS data for Box, Inc. Class A Common Stock (BOX) at Nasdaq.com. Thus, Box’s net loss, non-GAAP net loss per share, billings and free cash flow. market; (5) risks associated with Box’s ability to manage its rapid Box excludes expenses related Box Inc reported a 20.6 percent rise in quarterly revenue on Wednesday as the cloud storage provider added more customers. billings to manage the business, make planning decisions, evaluate Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Box, Inc. - Box Reports Revenue of $192 Million for Fiscal Second Quarter 2021, Up 11 Percent Year-Over-Year. Box is headquartered in Redwood City, CA, with offices in the United States, Europe, and Asia. Phone: 650-209-3467 the form of stock-based compensation expense, the cash salary expense Box… See Box, Inc. (BOX) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. The replay can be accessed by dialing: + 1-800-585-8367 (U.S. and Canada), conference ID: 4866297 For restricted stock unit awards, the amount of stock-based period-to-period comparisons. Find the latest Revenue (Quarterly) for Box, Inc. (BOX) For the quarter ending April 30, 2018: Under ASC 606, revenue would be expected to be in the range of $139 million to $140 million. non-GAAP net loss as net loss excluding expenses related to SBC, companies. Box, Inc. (NYSE:BOX), a leader in cloud content management, today Box also provides The access details for the live conference call are:+ Non-GAAP gross profit for the second quarter of fiscal year 2021 was $141.4 million, or 74% of revenue. Box considers RPO to be a significant performance measure. This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Box’s expectations regarding the size of its market opportunity, expectations regarding its leadership position in the cloud content management market, the demand for its products, expectations regarding the impact of the COVID-19 pandemic on its business, its ability to grow and scale its business and drive operating efficiencies, its ability to achieve revenue targets and billings expectations, expectations regarding its ability to achieve profitability on a quarterly or ongoing basis, its expectations regarding free cash flow, its ability to continue to grow unrecognized revenue and remaining performance obligations, the timing of recent and planned product introductions, enhancements and integrations, the short- and long-term success, market adoption and retention, capabilities, and benefits of such product introductions and enhancements, and the success of strategic partnerships, as well as expectations regarding its revenue, billings, gross margin, GAAP and non-GAAP net income (loss) per share, non-GAAP operating margins for future periods, the related components of GAAP and non-GAAP net income (loss) per share, and weighted-average outstanding share count expectations for Box’s fiscal third quarter and full fiscal year 2021 in the section titled “Outlook” above. highlights and future outlook. Manager, Investor Relationsalopatto@box.comorMedia:Denis and diluted. City, CA, with offices across the United States, Europe and Asia. Box believes these non-GAAP Box believes that billings offers For more information on the non-GAAP financial measures and key metrics discussed in this press release, please see the section titled, “About Non-GAAP Financial Measures and Other Key Metrics,” and the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures at the end of this press release. To supplement Box’s consolidated financial statements, which are prepared and presented in accordance with GAAP, Box provides investors with certain non-GAAP financial measures and other key metrics, including non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, billings, remaining performance obligations, and free cash flow. Box monitors RPO to manage the business and evaluate performance. Box does not consider RPO to be a non-GAAP financial measure as it is calculated in accordance with GAAP, specifically under ASC Topic 606. Box defines free cash flow as cash flows from operating activities less purchases of property and equipment, principal payments of finance lease liabilities, capitalized internal-use software costs, and other items that did not or are not expected to require cash settlement and that management considers to be outside of Box’s core business. View and export this data going back to 2014. Cash used in financing activities of $29.6 million for the year ended January 31, 2019 was primarily due to $43.8 million of employee payroll taxes paid related to net … Denis Roy and Rachel Levine Box has used, and intends to continue to use, its Investor Relations website (www.box.com/investors), as well as certain Twitter accounts (@box, @levie and @boxincir), as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.