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Alteryx, Inc. (AYX) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Alteryx, Inc.

CIK: 1689923 Ticker: AYX
Exhibit 99.1
 ayxlogo1.jpg
Alteryx Announces Second Quarter 2020 Financial Results

Second Quarter Revenue of $96.2 million, up 17% Year-Over-Year
Annual Recurring Revenue over $430.0 million, up over 40% Year-Over-Year

IRVINE, Calif. – August 6, 2020
– Alteryx, Inc. (NYSE: AYX), a leader in analytic process automation (APA), today announced financial results for its second quarter ended June 30, 2020.
“While we experienced a slowdown in the second quarter driven by the global impact of COVID-19, we believe that the global opportunity for analytics and automation solutions remains significant, and we believe Alteryx remains well positioned as a leader in the space,” said Dean Stoecker, CEO of Alteryx, Inc. “During the second quarter, we not only described a new category of software, Analytic Process Automation, but we also delivered significant innovation to the market with our Alteryx Analytics Hub, Intelligence Suite and 2020.2 releases. We believe these innovations will help bring our customers’ digital transformation efforts to life.”
Second Quarter 2020 Financial Highlights
Revenue: Revenue for the second quarter of 2020 was $96.2 million, an increase of 17%, compared to revenue of $82.0 million in the second quarter of 2019.
Gross Profit: GAAP gross profit for the second quarter of 2020 was $86.6 million, or a GAAP gross margin of 90%, compared to GAAP gross profit of $72.7 million, or a GAAP gross margin of 89%, in the second quarter of 2019. Non-GAAP gross profit for the second quarter of 2020 was $88.0 million, or a non-GAAP gross margin of 91%, compared to non-GAAP gross profit of $74.3 million, or a non-GAAP gross margin of 91%, in the second quarter of 2019.
Income (Loss) from Operations: GAAP loss from operations for the second quarter of 2020 was $(17.8) million, compared to GAAP loss from operations of $(8.3) million for the second quarter of 2019. Non-GAAP loss from operations for the second quarter of 2020 was $(0.1) million, compared to non-GAAP income from operations of $0.8 million for the second quarter of 2019.
Net Income (Loss): GAAP net loss attributable to common stockholders for the second quarter of 2020 was $(35.3) million, compared to GAAP net loss of $(3.2) million for the second quarter of 2019. GAAP net loss per diluted share for the second quarter of 2020 was $(0.53), based on 66.0 million GAAP weighted-average diluted shares outstanding, compared to GAAP net loss per diluted share of $(0.05), based on 62.6 million GAAP weighted-average diluted shares outstanding for the second quarter of 2019.
Non-GAAP net income and non-GAAP net income per diluted share for the second quarter of 2020 were $1.7 million and $0.02, respectively, compared to non-GAAP net income of $0.9 million and non-GAAP net income per diluted share of $0.01 for the second quarter of 2019. Non-GAAP net income per diluted share for the second quarter of 2020 was based on 69.6 million non-GAAP weighted-average diluted shares outstanding, compared to 68.5 million non-GAAP weighted-average diluted shares outstanding for the second quarter of 2019.
Balance Sheet and Cash Flow: As of June 30, 2020, we had cash, cash equivalents, and short-term and long-term investments of $974.4 million, compared to $974.9 million as of December 31, 2019. Cash provided by operating activities for the first six months of 2020 was $6.6 million, compared to cash provided by operating activities of $6.7 million for the first six months of 2019.

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.”
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The following information was filed by Alteryx, Inc. (AYX) on Thursday, August 6, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss)
Condensed Consolidated Statements Of Stockholders' Equity
Allowance For Doubtful Accounts And Sales Reserves
Allowance For Doubtful Accounts And Sales Reserves (Details)
Allowance For Doubtful Accounts And Sales Reserves (Tables)
Basic And Diluted Net Income (Loss) Per Share
Basic And Diluted Net Income (Loss) Per Share (Details)
Basic And Diluted Net Income (Loss) Per Share (Tables)
Business
Business Combinations
Business Combinations - Additional Information (Detail)
Contingencies
Contingencies (Details)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Additional Information (Details)
Convertible Senior Notes - Summary Of Debt (Details)
Convertible Senior Notes - Summary Of Interest Expense (Details)
Equity Awards
Equity Awards (Tables)
Equity Awards - Additional Information (Details)
Equity Awards - Schedule Of Rsu Activity (Details)
Equity Awards - Schedule Of Stock Option Activity (Details)
Equity Awards - Schedule Of Stock-Based Compensation Expense (Details)
Equity Awards - Schedule Of Valuation Assumptions (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Reconciliation Of Beginning And Ending Balances Of Acquisition-Related Accrued Contingent Consideration (Details)
Fair Value Measurements - Summary Of Cash And Cash Equivalents And Investments' Costs, Gross Unrealized Gains (Losses), And Fair Value By Major Security Type Recorded As Cash And Cash Equivalents Or Short-Term Or Long-Term Investments (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Schedule Of Change In Carrying Amount Of Goodwill (Details)
Goodwill And Intangible Assets - Schedule Of Finite-Lived Intangible Assets Estimated Remaining Amortization Expense (Details)
Goodwill And Intangible Assets - Schedule Of Intangible Asset Amortization Expense (Details)
Goodwill And Intangible Assets - Schedule Of Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Schedule Of Provision For Income Taxes And Effective Tax Rates (Details)
Leases
Leases (Tables)
Leases - Lease Costs (Details)
Leases - Narrative (Details)
Leases - Undiscounted Cash Flows (Details)
Revenue
Revenue (Tables)
Revenue - Assets Recognized From Costs To Obtain Contracts With Customers (Details)
Revenue - Contract Assets And Contract Liabilities (Details)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Remaining Performance Obligation (Details)
Significant Accounting Policies
Significant Accounting Policies (Detail)
Significant Accounting Policies (Policies)

Material Contracts, Statements, Certifications & more

Alteryx, Inc. provided additional information to their SEC Filing as exhibits

Ticker: AYX
CIK: 1689923
Form Type: 10-Q Quarterly Report
Accession Number: 0001689923-20-000076
Submitted to the SEC: Fri Aug 07 2020 4:52:29 PM EST
Accepted by the SEC: Fri Aug 07 2020
Period: Tuesday, June 30, 2020
Industry: Prepackaged Software

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