Alteryx Announces First Quarter 2021 Financial Results

Alteryx Announces First Quarter 2021 Financial Results

Gross Profit: GAAP gross profit for the first quarter of 2021 was $107.9 million, or a GAAP gross margin of 91%, compared to GAAP gross profit of $95.8 million, or a GAAP gross margin of 88%, in the first quarter of 2020. Non-GAAP gross profit for the first quarter of 2021 was $110.1 million, or a non-GAAP gross margin of 93%, compared to non-GAAP gross profit of $99.4 million, or a non-GAAP gross margin of 91%, in the first quarter of 2020. Revenue: Revenue for the first quarter of 2021 was $118.8 million, an increase of 9%, compared to revenue of $108.8 million in the first quarter of 2020. Loss from Operations: GAAP loss from operations for the first quarter of 2021 was $(28.8) million, compared to GAAP loss from operations of $(20.1) million for the first quarter of 2020. Non-GAAP loss from operations for the first quarter of 2021 was $(3.2) million, compared to non-GAAP loss from operations of $(3.2) million for the first quarter of 2020.

“Alteryx is off to a solid start to the year with first quarter results ahead of expectations as we see our transformation efforts taking hold,” said Mark Anderson, CEO of Alteryx, Inc. “We are encouraged by industry tailwinds and are increasing investments in people and infrastructure to deliver relentless value for our customers.” Alteryx logo (PRNewsfoto/Alteryx, Inc.)

First Quarter 2021 Financial Highlights IRVINE, Calif., May 4, 2021 /PRNewswire/ — Alteryx, Inc. (NYSE: AYX), a leader in analytic process automation (APA™) that automates analytics, data science and processes to accelerate business outcomes, today announced financial results for its first quarter ended March 31, 2021.

Story continues First Quarter 2021 and Recent News Highlights A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures and Operating Measures.”

Balance Sheet and Cash Flow: Cash, cash equivalents, and short-term and long-term investments as of each of March 31, 2021 and December 31, 2020 were $1.0 billion. Cash provided by operating activities for the first three months of 2021 was $26.0 million, compared to cash provided by operating activities of $20.0 million for the first three months of 2020. Net Loss: GAAP net loss attributable to common stockholders for the first quarter of 2021 was $(40.7) million, compared to GAAP net loss attributable to common stockholders of $(15.5) million for the first quarter of 2020. GAAP net loss per diluted share for the first quarter of 2021 was $(0.61), based on 66.9 million GAAP weighted-average diluted shares outstanding, compared to GAAP net loss per diluted share of $(0.24), based on 65.6 million GAAP weighted-average diluted shares outstanding for the first quarter of 2020.Non-GAAP net loss and non-GAAP net loss per diluted share for the first quarter of 2021 were $(5.5) million and $(0.08), respectively, compared to non-GAAP net loss of $(6.5) million and non-GAAP net loss per diluted share of $(0.10) for the first quarter of 2020. Non-GAAP net loss per diluted share for the first quarter of 2021 was based on 66.9 million non-GAAP weighted-average diluted shares outstanding, compared to 65.6 million non-GAAP weighted-average diluted shares outstanding for the first quarter of 2020.

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