Alteryx, Inc. (AYX) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

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Alteryx, Inc.
Ticker: AYX CIK: 1689923

Exhibit 99.1

Alteryx Announces Fourth Quarter and Full Year 2020 Financial Results

Full Year 2020 Revenue of $495.3 million, up 19% Year-Over-Year

Annual Recurring Revenue of $492.6 million, up 32% Year-Over-Year

IRVINE, Calif. – February 9, 2021

– Alteryx, Inc. (NYSE: AYX), revolutionizing business through data science and analytics, today announced financial results for its fourth quarter and full year ended December 31, 2020.

"We expect 2021 will be a year of transformation for Alteryx," said Mark Anderson, CEO of Alteryx, Inc. "As our customers continue their transformation initiatives, we intend to scale our product, operations, and customer focus and deliver significant business value through the power of analytics and automation."

Fourth Quarter 2020 Financial Highlights

•Revenue: Revenue for the fourth quarter of 2020 was $160.5 million, an increase of 3%, compared to revenue of $156.5 million in the fourth quarter of 2019.

•Gross Profit: GAAP gross profit for the fourth quarter of 2020 was $149.8 million, or a GAAP gross margin of 93%, compared to GAAP gross profit of $144.2 million, or a GAAP gross margin of 92%, in the fourth quarter of 2019. Non-GAAP gross profit for the fourth quarter of 2020 was $151.7 million, or a non-GAAP gross margin of 94%, compared to non-GAAP gross profit of $145.9 million, or a non-GAAP gross margin of 93%, in the fourth quarter of 2019.

•Income from Operations: GAAP income from operations for the fourth quarter of 2020 was $24.4 million, compared to $38.7 million for the fourth quarter of 2019. Non-GAAP income from operations for the fourth quarter of 2020 was $49.2 million compared to non-GAAP income from operations of $51.0 million for the fourth quarter of 2019.

•Net Income: GAAP net income attributable to common stockholders for the fourth quarter of 2020 was $22.0 million, compared to GAAP net income attributable to common stockholders of $30.7 million for the fourth quarter of 2019. GAAP net income per diluted share for the fourth quarter of 2020 was $0.32, based on 69.8 million GAAP weighted-average diluted shares outstanding, compared to GAAP net income per diluted share of $0.44, based on 69.1 million GAAP weighted-average diluted shares outstanding for the fourth quarter of 2019.

Non-GAAP net income and non-GAAP net income per diluted share for the fourth quarter of 2020 were $43.2 million and $0.62, respectively, compared to non-GAAP net income of $44.2 million and non-GAAP net income per diluted share of $0.64 for the fourth quarter of 2019. Non-GAAP net income per diluted share for the fourth quarter of 2020 was based on 69.8 million non-GAAP weighted-average diluted shares outstanding, compared to 69.1 million non-GAAP weighted-average diluted shares outstanding for the fourth quarter of 2019.

•Balance Sheet and Cash Flow: As of December 31, 2020, we had cash, cash equivalents, and short-term and long-term investments of $1.0 billion, compared with $974.9 million as of December 31, 2019. Cash provided by operating activities for the fourth quarter of 2020 was $58.5 million compared to cash provided by operating activities of $20.7 million for the fourth quarter of 2019.

Full Year 2020 Financial Highlights

•Revenue: Revenue for the full year 2020 was $495.3 million, an increase of 19%, compared to revenue of $417.9 million for the full year 2019.

•Gross Profit: GAAP gross profit for the full year 2020 was $451.5 million, or a GAAP gross margin of 91%, compared to GAAP gross profit of $378.8 million, or a GAAP gross margin of 91%, for the full year 2019. Non-GAAP gross profit for the full year 2020 was $459.8 million, or a non-GAAP gross margin of 93%, compared to non-GAAP gross profit of $384.2 million, or a non-GAAP gross margin of 92%, for the full year 2019.

•Income from Operations: GAAP loss from operations for the full year 2020 was $(3.9) million, compared to GAAP income from operations of $38.0 million for the full year 2019. Non-GAAP income from operations for the full year 2020 was $77.0 million compared to non-GAAP income from operations of $75.2 million for the full year 2019.

The following information was filed by Alteryx, Inc. (AYX) on Tuesday, February 9, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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