Rapid7 Inc RPD:NASDAQ

Last Price$71.82NASDAQ Previous Close - Last Trade as of 4:00PM ET 6/24/22
NASDAQ 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$60.42 (1)
Ask (Size)$88.92 (12)
Day Low / HighN/A - N/A
Volume1.1 M

Rapid7 Q1 Net Loss Widens Amid Rising Sales; Shares Fall in Late Trade After Company Projects Q2 Loss

5:10PM ET 5/04/2022 MT Newswires
Rapid7 (RPD) late Wednesday reported a non-GAAP Q1 net loss of $0.16 per share compared with a $0.03 per share adjusted loss during the same quarter last year, while total revenue for the security analytics and automation company grew 34% year-over-year to $157.4 million compared with $117.5 million in revenue during the first three months of 2021.

Wall Street had been looking for an adjusted net loss of $0.16 per share at Rapid7 during the three months ended March 31 on $154.2 million in Q1 revenue.

For the current quarter ending in June, the company is projecting an adjusted net loss of $0.07 to $0.03 per share on between $163 million to $165 million in Q2 revenue. For the full year 2022, it sees a non-GAAP profit in the range of $0.05 to $0.16 per share on $686 million to $692 million in revenue.

Analysts, on average, are modeling for an adjusted Q2 profit of $0.03 per share on $163.6 million in revenue and non-GAAP FY22 earnings of $0.11 per share on $686.6 million in revenue this year.

Rapid7 shares were more than 7% lower in extended trading, erasing a fractional advance during Wednesday's regular session.

Price: 88, Change: -6.71, Percent Change: -7.08