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Samsara Inc. (IOT) reported strong Q1 FY 2025 earnings with a total revenue of $280.7 million, marking a 37% year-over-year increase. Despite this growth, the company's post-market stock price fell by 5%. The GAAP net loss per share was -$0.10, while the non-GAAP net income per share was $0.03. Samsara's Annual Recurring Revenue (ARR) also grew by 37% to $1.176 billion. The number of customers with $100K+ ARR increased by 43% year-over-year to 1,964. The company raised its guidance for the rest of FY 2025, citing strong performance and a derisked outlook. Gross margin was 76%, up 4 points year-over-year. Revenue growth decelerated compared to the previous quarter.
$IOT | Key Highlights from Samsara Inc.'s Q1 2025 Earnings Call https://t.co/3qIeq4aPIh
$IOT Q1 earnings results: Total revs up 37% y/y to $280.7M vs Q4's 48% revs growth rate. Gross margin was 76%, up 4 pts y/y Customers w/ $100K+ ARR up 43% y/y to 1,964 Expect Q1 revs to be min $288M, up 31%. Revs growth decelerating, but still above 30%. Investor… https://t.co/P2DYq2p0fg https://t.co/ENvVWrCjDX
$IOT Guidance: "Because of our strong Q1 performance and outlook for the rest of FY '25, we're raising our guidance across all key metrics. We've also analyzed various scenarios and believe that this guidance is adequately derisked to account for the potential impact of… https://t.co/MCQZMa17sv