Alteryx, Inc. (AYX) 10-Q Quarterly Report November 2021

"Alteryx delivered another solid quarter with 29% year-over-year ARR growth for the third quarter. We continue to drive meaningful progress on our transformation across all areas of our business and are well-positioned to scale the organization into 2022," said Mark Anderson, CEO of Alteryx, Inc. “Also, we recently acquired Hyper Anna and Lore IO, bringing more cloud-centric engineering and AI capabilities to the Alteryx portfolio.”

Third Quarter 2021 Financial Highlights

•Revenue: Revenue for the third quarter of 2021 was $123.5 million, a decrease of (5)%, compared to revenue of $129.7 million in the third quarter of 2020.

•Gross Profit: GAAP gross profit for the third quarter of 2021 was $108.0 million, or a GAAP gross margin of 87%, compared to GAAP gross profit of $119.3 million, or a GAAP gross margin of 92%, in the third quarter of 2020. Non-GAAP gross profit for the third quarter of 2021 was $111.0 million, or a non-GAAP gross margin of 90%, compared to non-GAAP gross profit of $120.8 million, or a non-GAAP gross margin of 93%, in the third quarter of 2020.

•Income (Loss) from Operations: GAAP loss from operations for the third quarter of 2021 was $(45.6) million, compared to GAAP income from operations of $9.6 million for the third quarter of 2020. Non-GAAP loss from operations for the third quarter of 2021 was $(10.1) million, compared to non-GAAP income from operations of $31.2 million for the third quarter of 2020.

•Net Income (Loss): GAAP net loss attributable to common stockholders for the third quarter of 2021 was $(58.0) million, compared to GAAP net income attributable to common stockholders of $4.4 million for the third quarter of 2020. GAAP net loss per diluted share for the third quarter of 2021 was $(0.86), based on 67.3 million GAAP weighted-average diluted shares outstanding, compared to GAAP net income per diluted share of $0.06, based on 69.8 million GAAP weighted-average diluted shares outstanding for the third quarter of 2020.

Non-GAAP net loss and non-GAAP net loss per diluted share for the third quarter of 2021 were $(11.9) million and $(0.18), respectively, compared to non-GAAP net income of $27.1 million and non-GAAP net income per diluted share of $0.39 for the third quarter of 2020. Non-GAAP net loss per diluted share for the third quarter of 2021 was based on 67.3 million non-GAAP weighted-average diluted shares outstanding, compared to 69.8 million non-GAAP weighted-average diluted shares outstanding for the third quarter of 2020.

•Balance Sheet and Cash Flow: Cash, cash equivalents, and short-term and long-term investments as of each of September 30, 2021 and December 31, 2020 were $1.0 billion. Cash provided by operating activities for the first nine months of 2021 was $24.3 million, compared to cash provided by operating activities of $16.3 million for the first nine months of 2020.

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.”

Third Quarter 2021 and Recent Business Highlights

•Ended the third quarter of 2021 with 7,689 customers, an 11% increase from the third quarter of 2020. Added 284 net new customers in the third quarter of 2021.

•Achieved a dollar-based net expansion rate (annual contract value based) of 119% for the third quarter of 2021.

•Ended the quarter with $578.6 million in annual recurring revenue (ARR), an increase of 29% year-over-year.

•Earned multiple customer-driven accolades this quarter, including Customer's Choice for the 2021 Gartner Peer Insights for Data Science and Machine Learning Platforms.1

•Acquired Hyper Anna and Lore IO to accelerate more functionality in the cloud and improve data discovery capabilities in our platform.

The following information was filed by Alteryx, Inc. (AYX) on Tuesday, November 2, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Alteryx, Inc.'s 10-Q Quarterly Report:

Financial - Expense Highlight
Interest expense fluctuation remained relatively flat year-over-year, with the increase in the three and nine months ended September 30, 2021 as compared to the three and nine months ended September 30, 2020 related to the amortization of debt discount and issuance costs from the prior year increasing the carrying value of the Notes.

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Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: AYX
CIK: 1689923
Form Type: 10-Q Quarterly Report
Accession Number: 0001689923-21-000097
Submitted to the SEC: Tue Nov 02 2021 6:51:35 PM EST
Accepted by the SEC: Wed Nov 03 2021
Period: Thursday, September 30, 2021
Industry: Prepackaged Software