Overview
- Shares fell as much as 16.9% intraday and were down 8.7% by 11:30 a.m. ET following the report.
- Q3 adjusted EPS came in at $0.05 versus a $0.02 estimate, while revenue of $71.79 million narrowly missed the $71.95 million consensus.
- Management reaffirmed full-year sales guidance of $285 million to $288 million and raised adjusted operating income guidance to $8.5 million to $9.5 million.
- Customer count rose 15% year over year against 11% sales growth, fueling investor concern about pricing power.
- The company highlighted operational markers including an eighth straight quarter of positive free cash flow, RPO up 26% to $267.6 million, and 447 customers with $100,000+ ARR with 105% net retention in that cohort.