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Pluralsight, Inc. (PS) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Pluralsight, Inc.

CIK: 1725579 Ticker: PS
Exhibit 99.1

Pluralsight Announces Third Quarter 2018 Results

Billings grew 44 percent period over period to $72.2 million in Q3 2018
Revenue grew 42 percent period over period to $61.6 million in Q3 2018

Silicon Slopes, Utah  October 24, 2018 
— Pluralsight (Nasdaq: PS), the enterprise technology learning company, today announced financial results for the third quarter ended September 30, 2018.
“We achieved our sixth consecutive quarter of greater than 50% growth in B2B billings, while demonstrating the inherent levers to profitability in our model,” said Aaron Skonnard, co-founder and CEO of Pluralsight. “Our platform gives tech leaders unprecedented insights into the skill gaps across their organizations, and we provide the tools to close them, enabling enterprises to accelerate innovation.”
Financial Highlights for the Third Quarter 2018
Billings - Q3 2018 billings were $72.2 million, an increase of 44% period over period. Q3 2018 billings from business customers were $61.1 million, an increase of 53% period over period.
Revenue - Q3 2018 revenue was $61.6 million, an increase of 42% period over period.
Gross margin - Q3 2018 gross margin was 75%, compared to 71% in Q3 2017. Q3 2018 non-GAAP gross margin was 77%, compared to 75% in Q3 2017.
Net loss per share - GAAP net loss per share for Q3 2018 was $0.23. Adjusted pro forma net loss per share for Q3 2018 was $0.10, compared to $0.39 in Q3 2017.
Cash flows - Cash provided by operations was $1.9 million for Q3 2018, compared to cash used in operations of $6.9 million in Q3 2017. Free cash flow improved by $7.9 million in Q3 2018 compared to Q3 2017.

For information regarding the non-GAAP financial measures discussed in this press release, please see the section titled “Non-GAAP Financial Measures.” Reconciliations between GAAP and non-GAAP financial measures are provided in the tables of this press release.
Financial Outlook
Pluralsight is providing the following financial guidance for the fourth quarter 2018, and the full years 2018 and 2019:
Fourth Quarter 2018 guidance:
Revenue is expected to be in the range of $65 million to $66 million.


The following information was filed by Pluralsight, Inc. (PS) on Wednesday, October 24, 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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Pluralsight, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Redeemable Convertible Preferred Units, Members??? Deficit And Stockholders' Equity
Balance Sheet Components
Balance Sheet Components (Tables)
Balance Sheet Components - Accrued Expenses (Details)
Balance Sheet Components - Prepaid Expenses And Other Current Assets (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Narrative (Details)
Commitments And Contingencies - Schedule Of Future Minimum Operating Lease Payments (Details)
Credit Facilities
Credit Facilities (Tables)
Credit Facilities - Narrative (Details)
Credit Facilities - Schedule Of Debt (Details)
Equity-Based Compensation
Equity-Based Compensation (Tables)
Equity-Based Compensation - Narrative (Details)
Equity-Based Compensation - Schedule Of Equity Award Activity (Details)
Equity-Based Compensation - Schedule Of Equity-Based Compensation Expense (Details)
Equity-Based Compensation - Schedule Of Fair Value Assumptions (Details)
Equity-Based Compensation - Schedule Of Stock Options Activity (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Geographic Information
Geographic Information (Tables)
Geographic Information - Narrative (Details)
Geographic Information - Revenue By Geographic Location (Details)
Income Taxes
Income Taxes (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Narrative (Details)
Intangible Assets - Schedule Of Intangible Assets (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Calculation Of Basic And Diluted (Details)
Net Loss Per Share - Schedule Of Securities With A Potentially Dilutive Impact (Details)
Non-Controlling Interests
Non-Controlling Interests (Details)
Non-Controlling Interests (Tables)
Organization And Description Of Business
Organization And Description Of Business (Details)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Narrative (Details)
Property And Equipment - Schedule Of Property And Equipment (Details)
Stockholders' Equity
Stockholders' Equity - Amendment And Restatement Of Certificate Of Incorporation (Details)
Stockholders' Equity - Initial Public Offering (Details)
Stockholders' Equity - Recapitalization Of Pluralsight Holdings (Details)
Stockholders' Equity - Redeemable Convertible Preferred Units Conversion (Details)
Stockholders' Equity - Rescission Transactions (Details)
Stockholders' Equity - Warrants To Purchase Class A Common Stock (Details)
Summary Of Significant Accounting Policies And Recent Accounting Pronouncements
Summary Of Significant Accounting Policies And Recent Accounting Pronouncements (Details)
Summary Of Significant Accounting Policies And Recent Accounting Pronouncements (Policies)
Ticker: PS
CIK: 1725579
Form Type: 10-Q Quarterly Report
Accession Number: 0001725579-18-000021
Submitted to the SEC: Wed Oct 24 2018 4:20:58 PM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Computer Programming Data Processing

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