CrowdStrike, a cybersecurity business focused on endpoint protection, posted revenues of $96.1 million on GAAP net losses of $26 million in the first quarter of fiscal year 2020, according to the company’s first-ever earnings report released Thursday following its $612 million NASDAQ initial public offering in June.
CrowdStrike closed up 2.5% Thursday following the news, rising in after-hours trading.
The company’s revenue shot up 103% from the same period last year, with subscription revenue increasing 116% increase to $86 million. CrowdStrike’s stock price has continued to rise since the company priced its shares at $35 apiece last month, trading Thursday at nearly $82 per share after-hours.
The security enterprise expects full-year losses of 72 to 70 cents per share on more than $430 million in revenue.
“We are pleased with the strong start to the year,” CrowdStrike chief executive officer and co-founder George Kurtz said in a statement. “As the pioneer of cloud-native [...]