currently have a consensus Earnings Per Share (EPS) forecast of $0.17 for the next financial year. I wrote this article myself, and it expresses my own opinions. Snowflakes platform is the engine that powers and provides access to the Data Cloud, creating a solution for data warehousing, data lakes, data engineering, data science, data application development, and data sharing. Wherever data or users live, Snowflake delivers a single and seamless experience across multiple public clouds. SNOWFLAKE INC. : Forcasts, revenue, earnings, analysts expectations, ratios for SNOWFLAKE INC. Stock | SNOW | US8334451098 We report the following non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP), in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. The Share window opens. You can sign up for additional alert options at any time. type of chart you select. supports one type of chart at a time. Hover over the MONETIZE Charts enable you to quickly identify and understand patterns and outliers in data. Spending money to make money However, Snowflake has. Jimmy Sexton Calculator, Marketing Note: Fiscal year ends January 31. Charts use aggregation functions to determine a single value from multiple data points in a bucket. SNOW 159.41 +14.03(9.65%) Will SNOW be a Portfolio Killer in November? You can also remove the column from the chart. With the company rapidly approaching a $2 billion run-rate in sales, growth at this level is quite impressive. If you have an ad-blocker enabled you may be blocked from proceeding. Snowflake's Revenue by Segment. 2022 Snowflake Inc. All Rights Reserved. Investors and participants can register for the call in advance by visiting http://www.directeventreg.com/registration/event/3553798. Coupled with this rapid growth, we saw improving operating efficiency while expanding our footprint globally. Charts transform your query results into visualizations that communicate logical relationships and lead to more informed decision making. The available settings depend on the type of chart. revenue is only recognized as consumption occurs. Snowflake ( SNOW) said second-quarter revenue jumped 83% to $497.2 million from a year earlier. Overall revenue growth is down from 174% in FY 2020 to 124% in FY 2021, and for this year, analysts expect revenue to grow about 104% YoY. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Our presentation of non-GAAP financial measures may not be comparable to similar measures used by other companies. SNOW 129.10 -3.21(-2.43%) Will SNOW be a Portfolio Killer in November? (1) Stock-based compensation expense-related charges included approximately $14.2 million of employer payroll tax-related expenses on employee stock transactions. visualizations that communicate logical relationships and lead to more informed decision making. Upgrade now. Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption Risk Factors and elsewhere in our Form 10-Q for the fiscal quarter ended October 31, 2020 and other filings and reports we make with the Securities and Exchange Commission from time to time, including our Form 10-K that will be filed for the fiscal year ended January 31, 2021. For the third quarter, Snowflake's revenue increased 119% year over year to $159.6 million while its net loss declined to $1.01 per share from $1.92 per share. Analytics, Why Revenue in 2022 (TTM): $1.63 B According to Snowflake 's latest financial reports the company's current revenue (TTM) is $1.63 B . To get started using charts, above the results table for a query, select Charts. Given the current market conditions and investor preference towards more stable companies with solid profitability, it's no real surprise that Snowflake's stock is taking a hit. I wrote this article myself, and it expresses my own opinions. Board, https://www.businesswire.com/news/home/20210303005871/en/, http://www.directeventreg.com/registration/event/3553798, Snowflake for Advertising, Media, & Entertainment, Product revenue of $178.3 million in the fourth quarter, representing 116% year-over-year growth, Remaining performance obligations of $1.3 billion, representing 213% year-over-year growth, 77 customers with trailing 12-month product revenue greater than $1 million. Traders who pay close attention to intraday price movement should know that it fluctuated between $143.79 and $162.37. FY23 guidance implies 66% yoy product revenue growth and FCF margin reaching 16%, which both are solid metrics. In examining the 52-week price action we see that the stock hit a 52-week high of . The following table summarizes our guidance for the first quarter of fiscal 2022: First Quarter Fiscal 2022 By continuing your navigation, you consent to their use. NYSE | The remaining 31 million. must update the chart to use the new column name. I have no business relationship with any company whose stock is mentioned in this article. Impressively, net revenue retention rate was 174%, which demonstrates the company's ability to continue to upsell to existing customers. Snowflake ( NYSE: SNOW) reported Q1 results which saw revenue growing 85% yoy to $422 million and beating expectations by nearly $10 million. Inside the Data Cloud, organizations unite their siloed data, easily discover and securely share governed data, and execute diverse analytic workloads. Revenue for the quarter was $190.5 million, representing 117% year-over-year growth. IR@snowflake.com, Press Contact Charts indicate any columns that cannot be found. At Snowflake, we promise to treat your data with respect and will not share your information with any third party. SAN MATEO, Calif.--(BUSINESS WIRE)-- The code is available at Github: SnowflakeGuiHacks. Net revenue retention rate was 168% as of January 31, 2021. Financials - Snowflake shows stunning revenue growth - Their 2020 Q2 revenue hit a staggering target of $133 million, demonstrating a 121% year on year growth - Compared to their counterpart Datadog ( DDOG), whose Q2 revenue showed a 68% yoy growth, it could be said that Snowflake's revenue growth is massive - While their financials are still . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Non-GAAP product gross margins are expected to slightly tick up over time to ~78% while non-GAAP operating margin is expected to improve towards 20%. All figures shown in the chart above are for the trailing 12 month (TTM) period. According to 25 analyst offering 12-month price targets in the last 3 months, Snowflake has an average price target of $210.2 with a high of $274.00 and a low of $125.00. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this press release. To view shared dashboards, the Snowflake user must use the same role as the session context for the queries that drive the dashboard. (1) We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. We finished our fiscal year with strong performance and reported triple-digit product revenue growth, said Snowflake CEO, Frank Slootman. Non-GAAP product gross profit remained strong at 75% and given the software nature of their operations, I would expect this to remain around current levels over the long-term. Find real-time SNOW - Snowflake Inc. stock quotes, company profile, news and forecasts from CNN Business. Full-Year Fiscal 2021 GAAP and Non-GAAP Results: The following table summarizes our financial results for the full-year fiscal 2021: Full-Year Fiscal 2021 Get comparison charts for tons of financial metrics! A company with efficient margins is able to turn revenues into the most net income. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding. EPS: US$1.21 (up from US$0.69 in 3Q 2021). Revenue (TTM) Range, Past 5 Years 402.66M Minimum Maximum Average Median While this is a massive improvement from their history of losses, the company is ~$36 billion market cap with barely profitable operating income for this quarter. When using conservative estimates over the next 2+ years, it's quite easy to see current valuation implying ~8x FY24 product revenue, which does not seem overly aggressive for the company's revenue growth profile. Another key risk we will be monitoring is the reduction . Snowflake market cap history and chart from 2020 to 2022. Snowflake's Revenue for the trailing twelve months (TTM) ended in Jul. Snowflake reported a good Q1 with revenue growing 85% yoy and beating expectations, though non-GAAP operating income barely turned positive. USD | Looking longer-term, one can make that valuation has pulled back to more reasonable levels, though the stock could trade in a volatile fashion over the coming weeks. The stock likely remains volatile as investors focus more on recession-proof stocks, though Snowflake is a great long-term opportunity with the current pullback. Analysts had expected a loss Snowflake announced it is . 1 0 QuickTrade n.88 : SNOW SNOW , 60 TizyChartsPro Short, looking for a continuation of this bearish cross Long, looking for a fake-cross +double bottom at $165.85 0 3 SNOW Bounce 2.0 bullish setup SNOW , 30Long eggbasketballPro At that point, I would sharpen my pencil a bit and likely become more aggressive with this pullback. Find out all the key statistics for Snowflake Inc. (SNOW), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Our guidance includes GAAP and non-GAAP financial measures. Use the Appearance section, located to the right of the chart, to style your chart. . For numeric columns, charts can bucket by integer values. Analysts covering Snowflake. Revenue: $159.6 million. This chart shows the progression of revenue growth through the years. After submitting your request, you will receive an activation email to the requested email address. Stockholders Equity (Deficit), Accrued expenses and other current liabilities, Total liabilities, redeemable convertible preferred stock, and stockholders equity (deficit), Condensed Consolidated Statements of Cash Flows. Revenue growth is an increase of a company's sales when compared to a previous quarter's YoY revenue performance. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Snowflake stock reported a loss of 43 cents a share using generally accepted accounting principles, or GAAP, compared with a loss of. Snowflake revenue for the twelve months ending July 31, 2022 was $1.638B, a 92.41% increase year-over-year. Revenues measure the total amount of value that a company brings in during a certain period. The net income of Q2 22 is -222.81M USD. See the section titled Key Business Metrics for definitions of product revenue, remaining performance obligations, net revenue retention rate, total customers, and customers with trailing 12-month product revenue greater than $1 million. investments, Cost of professional services and other revenue, Professional services and other gross profit (loss), Professional services and other gross margin. Press@snowflake.com. Bureau, Marketing The Snowflake IPO raised $3.4 billion. To generate the examples in this topic, use the following query: Your chart updates automatically as long as the columns used by the chart are available in the query results. Remaining performance obligations were $1.3 billion, representing 213% year-over-year growth. At the end of the latest market close, agilon health inc. (AGL) was valued at $19.31. You might be paying $50 a month for 10GB of data, whether or not you actually use that much data each month (consider this the SaaS model). Revenues measure the total amount of value that a company brings in during a certain period. To download a chart, in the upper-right corner of the chart, select Download Chart (). Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold. Snowflake market cap as of November 11, 2022 is $40.4B. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. In that particular session, Stock kicked-off at the price of $19.28 while reaching the peak value of $19.44 and lowest value recorded on the day was $16.66. charges(1), Expenses 2022 was $1,638 Mil. Revenue grew 85% yoy to $422.4 million, which beat expectations by nearly $10 million. Snowflake's Total Number of Customers. Autoliv Revenues and Earnings Miss Expectations. Product revenue of $359.6 million in the fourth quarter, representing 102% year-over-year growth Remaining performance obligations of $2.6 billion, representing 99% year-over-year growth 5,944 total customers Net revenue retention rate of 178% 184 customers with trailing 12-month product revenue greater than $1 million From the above table, it is clear that the total revenue increased from $133.145 million in Q2 2021 to $272.198 million in Q2 2022, marking almost 104.43% growth on a year-on-year basis. (1) Stock-based compensation expense-related charges included approximately $9.6 million of employer payroll tax-related expenses on employee stock transactions. Their SNOW share price forecasts range from $120.00 to $415.00. All Snowflake candidates should apply directly via our official careers page at careers.snowflake.com. Snowflake annual revenue for 2022 was $1.219B, a 105.95% increase from 2021. Los Angeles Lakers, Zoom, and Snowflake - FloQast was built by accountants, for accountants to enhance the way accounting teams work . However, longer-term the company is expecting product revenue growth ~30%, which is very strong considering the company's scale. Numbers are rounded for presentation purposes. Nov 14, 15:49. 36 brokerages have issued 1 year price targets for Snowflake's stock. At Snowflake, we promise to treat your data with respect and will not share your information with any third party. When you select a column in the Data section, the column attributes appear. Except as required by law, we undertake no obligation, and do not intend, to update these forward-looking statements, to review or confirm analysts expectations, or to provide interim reports or updates on the progress of the current financial quarter. Individual investor with hands-on experience in the equity markets. Condensed Consolidated Statements of Operations, (in thousands, except share and per share data), Net loss per share attributable to common stockholders - basic and diluted, Weighted-average shares used to compute net loss per share attributable to common stockholders - basic and diluted, Prepaid expenses and other current assets, Liabilities, Redeemable Convertible Preferred Stock and However, investors have placed an increased focus on operating income, with Snowflake reporting non-GAAP operating income of just under $2 million during the quarter. Product revenue for the quarter was $178.3 million, representing 116% year-over-year growth. Therefore, Snowflake's EV-to-Revenue for today is 23.58 . Snowflake Inc. provides a cloud-based data platform in the United States and internationally. These risks, uncertainties, assumptions, and other factors include, but are not limited to, those related to our business and financial performance, the effects of COVID-19 or other public health crises on our business, results of operations, and financial condition, our ability to attract and retain customers, our ability to develop new products and services and enhance existing products and services, our ability to respond rapidly to emerging technology trends, our ability to execute on our business strategy, including our strategy related to the Data Cloud, our ability to increase and predict customer consumption of our platform, our ability to compete effectively, and our ability to manage growth. is rendered in the chart. Revenue is an extremely important metric when analyzing a company. Remaining performance obligations showed a robust increase year-on-year, reflecting strength in sales across the board. Fourth Quarter Fiscal 2021 GAAP and Non-GAAP Results: The following table summarizes our financial results for the fourth quarter of fiscal 2021: Fourth Quarter Fiscal 2021 I am a little hesitant to believe this is a true run-rate of FCF, though I do remain cautiously optimistic. Snowflake Inc financial statements, including revenue, expenses, profit, and loss The total revenue of SNOW for the last quarter is 497.25M USD, and it's 17.73% higher compared to the previous quarter. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Stock-based compensation expense-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. Despite the negative stock reaction, the company's operational performance in Q1 was pretty decent. The increase in margin was driven by higher revenue. Pretty sizeable bear flag setting up on the SNOW daily chart. Changes in operating assets and liabilities, net of effect of acquisitions: Net cash provided by (used in) operating activities, Capitalized internal-use software development costs, Cash paid for acquisitions, net of cash acquired, Maturities and redemptions of investments, Net cash (used in) provided by investing activities, Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs, Proceeds from initial public offering and private placements, net of underwriting discounts, Proceeds from early exercised stock options, Proceeds from repayment of a nonrecourse promissory note, Repurchases of early exercised stock options and restricted common stock, Payments of deferred purchase consideration for acquisitions, Net cash provided by financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net (decrease) increase in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash at beginning of period, Cash, cash equivalents and restricted cash at end of period, Stock-based Measures used by other companies from 2021 0.69 in 3Q 2021 ) measures used by other.. 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