Hot Stock in the Spotlight: SailPoint Technologies Holdings, Inc. (NYSE: SAIL)

On Monday, Shares of SailPoint Technologies Holdings, Inc. (NYSE: SAIL) rose 1.82% to $26.35. The stock recorded $25.73 as its minimum price and hit the max level of $26.57, during its most recent trading session. It traded total volume of 632.94k shares lower than the average volume of 1.21M shares.

SailPoint Technologies Holdings, Inc. (SAIL), the leader in enterprise identity governance, recently declared financial results for the first quarter ended March 31, 2018.

Financial Highlights for First Quarter 2018:

  • Revenue: Total revenue was $49.70M, a 40% increase over Q1 2017. License revenue was $17.00M, a 39% increase over Q1 2017. Subscription revenue was $23.00M, a 54% increase over Q1 2017. Services and other revenue was $9.70M, a 17% increase over Q1 2017.
  • Operating (Loss) Income: Loss from operations was $(4.30)M, contrast to income from operations of $0.20M in Q1 2017. Non-GAAP income from operations was $3.10M, contrast to $2.60M in Q1 2017.
  • Net (Loss) Income: Net loss was $(6.0)M, contrast to $(2.30)M in Q1 2017.Net loss available to common shareholders per basic and diluted share was $(0.07), contrast to $(0.18) in Q1 2017. Non-GAAP net income was $1.70M, contrast to non-GAAP net loss of ($0.10)M in Q1 2017. Non-GAAP net income per diluted share was $0.02, contrast to non-GAAP net loss per basic and diluted share of ($0.00) in Q1 2017.
  • Adjusted EBITDA: Adjusted EBITDA was $3.30M, contrast to $3.20M in Q1 2017.
  • Balance Sheet and Cash Flow: As of March 31, 2018, cash and cash equivalents were $130.90M. During Q1 2018, we generated $15.30M in cash from operations, contrast to $6.90M during Q1 2017.

Financial Outlook:

For the second quarter of 2018, SailPoint anticipates:

  • Revenue in the range of $49.50M to $50.50M
  • Non-GAAP (loss) income from operations in the range of $(0.50)M to $0.50M
  • Non-GAAP net loss per basic and diluted common share in the range of $(0.03) to $(0.02), based on estimated cash income tax payments of $0.70M and 87.50M basic and diluted common shares outstanding. Expectations of non-GAAP loss from operations and non-GAAP net loss per basic and diluted common share exclude stock-based compensation expense and amortization of attained intangibles.

For the full year 2018, SailPoint anticipates:

  • Revenue in the range of $225.0M to $229.0M
  • Non-GAAP income from operations in the range of $14.00M to $16.00M
  • Non-GAAP net income per diluted common share in the range of $0.07 to $0.09, based on estimated cash income tax payments of $1.80M and 93.0M diluted common shares outstanding. Expectations of non-GAAP income from operations and non-GAAP net income per diluted common share exclude stock-based compensation expense and amortization of attained intangibles.

SAIL has the market capitalization of $2.26B. The return on assets ratio of the Company was -5.90% while its return on investment ratio stands at 1.50%. Price to sales ratio was 10.98 while 86.30% of the stock was owned by institutional investors.

Michelle Smith

Michelle Smith

I am Michelle Smith and I give “Stocks Market Cap” an insight into the most recent news hitting the “Technology” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.