Exhibit 99.1

Carbon Black Announces Third Quarter 2018 Financial Results

Third Quarter 2018 Total Revenue of $53.4 million, up 29% Year-over-Year

Third Quarter 2018 Recurring Revenue of $49.3 million, up 34% Year-over-Year

Third Quarter 2018 Cloud Revenue of $16.1 million, up 126% Year-over-Year

Ended the quarter with 4,625 total customers, including 2,450 cloud customers

Waltham, Mass. – October 25, 2018 - 

Carbon Black, Inc. (NASDAQ: CBLK), a leader in next-generation endpoint security delivered via the cloud, today announced its financial results for the third quarter ended September 30, 2018.

“Carbon Black delivered solid third quarter results, highlighted by 34% recurring revenue growth and 126% growth in cloud revenue,” said Patrick Morley, President and Chief Executive Officer of Carbon Black. “Our growing portfolio of products available on the Cb Predictive Security Cloud™, which is now up to 5, has established Carbon Black as a leading cloud endpoint security platform. Customers are choosing the PSC to help protect them from an increasing number of sophisticated cyber threats, while simplifying their security operations.”

Morley continued, “We are particularly excited by the recent introduction of Cb ThreatHunter, our new incident response and threat hunting solution available on the Predictive Security Cloud. Based on the capabilities of our industry leading Cb Response offering, Cb ThreatHunter leverages and extends our deep EDR expertise and intellectual property to the PSC. We believe the breadth and efficacy of the Predictive Security Cloud provide a number of growth opportunities for the company.”

Third Quarter 2018 Financial Highlights

·

Revenue: Total revenue was $53.4 million in the third quarter fiscal 2018, an increase of 29% year-over-year. Subscription, license and support revenue was $50.8 million, an increase of 32% year-over-year, and services revenue was $2.6 million, a decrease of 17% year-over-year.

·

Gross Profit: Gross profit was $41.5 million in the third quarter fiscal 2018, representing a 78% gross margin, up from 76% in the year-ago period. Non-GAAP gross profit was $42.1 million, representing a 79% non-GAAP gross margin.

·

Loss from Operations: Loss from operations was ($18.1) million in the third quarter fiscal 2018, compared to ($13.7) million in the year-ago period. Non-GAAP loss from operations was ($14.1) million in the third quarter fiscal 2018, compared to ($11.0) million in the year-ago period.

·

Net Loss: Net loss was ($17.6) million in the third quarter fiscal 2018. Net loss attributable to common stockholders was ($17.6) million, or ($0.26) per share based on 67.8 million weighted-average shares outstanding, in the third quarter fiscal 2018. In the year ago period, net loss was ($13.6) million and net loss attributable to common stockholders was ($21.0) million, or ($1.99) per share based on 10.6 million weighted-average shares outstanding.  Non-GAAP net loss was ($13.6) million, or ($0.20) per share based on 67.8 million weighted-average shares outstanding. This compares to ($10.9) million, or ($1.03) per share based on 10.6 million weighted-average shares outstanding, in the year-ago period.

·

Cash and Cash Flow: As of September 30, 2018, Carbon Black had $163.8 million in cash, cash equivalents and short-term investments. During the three months ended September 30, 2018, Carbon Black used ($13.4) million of cash in operations and ($2.1) million in capital expenditures and capitalized software development costs, leading to negative free cash flow of ($15.4) million, compared to free cash flow of $11,000 in the year-ago period.

A reconciliation of each of recurring revenue, non-GAAP gross profit, non-GAAP gross margin, non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss per share and free cash flow to the most directly comparable GAAP measure has been provided in the tables at the end of this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Third Quarter 2018 and Recent Business Highlights

·

Continued to grow our customer base, ending the quarter with 4,625 total customers, up from 3,335 in the year-ago period and from 4,308 at the end of the previous quarter. Growth was driven by strong demand across the entire product portfolio and customer acquisition across a broad range of industries.

·

Continued traction with our cloud products, providing powerful customer validation of the Predictive Security Cloud platform. Growth of customers who licensed at least one cloud product increased to 2,450 at the end of the third quarter, compared to 1,170 in the year-ago period and 2,157 at the end of the previous quarter.

·

Introduced Cb ThreatHunter, the 5th product built on the Predictive Security Cloud platform. Cb ThreatHunter builds off the industry leading incident response tools of Cb Response and extends that capability to the cloud with new functionality like more powerful search, enhanced threat intel matching and elastic cloud scalability. Cb ThreatHunter leverages our patented technology that uniquely captures unfiltered endpoint data. By continuously recording and centrally storing collected endpoint device data, Cb ThreatHunter provides security teams with greater visibility into potential threats across their environments.


The following information was filed by Carbon Black, Inc. (CBLK) on Thursday, October 25, 2018 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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