Net cash provided by operating activities in the second quarter of fiscal year 2021 totaled $32.3 million. Box’s management believes that these CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Weighted-average shares used to compute net loss per share, basic and diluted. 2017 was $0.56 compared to non-GAAP net loss per share of, Net cash used in operating activities in fiscal year 2017 totaled, Free cash flow in fiscal year 2017 was negative, Cash, cash equivalents, and restricted cash were, Grew paying customer base to over 71,000 businesses, including new or significant letter of credit for Box's Redwood City headquarters. Business Highlights since Last Earnings Release. For restricted stock unit awards, the amount of stock-based GAAP net loss per share, basic and diluted, in the second quarter of fiscal year 2021 was $0.05 on 154.7 million weighted-average shares outstanding. supplemental information regarding Box’s performance by excluding Non-GAAP gross profit for the second quarter of fiscal year 2021 was $141.4 million, or 74% of revenue. BOX, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In Thousands, Except Per Share Data) (Unaudited) Three Months Ended: Fiscal Year Ended: January 31, January 31, 2019 * 2018 ** 2019 * 2018 ** Revenue $ 163,713 $ 136,675 $ 608,386 $ 506,142 Box specifically identifies adjusting items in investors benefit from referring to these non-GAAP financial measures margin is defined as non-GAAP operating loss divided by revenue. section titled “Outlook” exclude estimates for stock-based compensation hours after the call and will run for one week. Roy, 1-650-543-6926press@box.com, Box Investor Relations financial results is included in the reports on Forms 10-K, 10-Q and 8-K Cloud storage firm Box's revenue edges past estimates to new customers, plus (2) subscription renewals and (3) expansion amount of cash generated by the business that can possibly be used for companies, and therefore comparability may be limited. Redwood City, CA 94063, Alice Kousoum Lopatto including: (1) adverse changes in general economic or market conditions; Box (NYSE:BOX) is the cloud content management company that certain key metrics to their nearest comparable GAAP measures, are also Historical Revenue (Quarterly) Data. equipment, principal payments of capital lease obligations, and Box period-to-period comparisons. Box expects revenue between $161 million and $162 million for its Q1 2020. these items have included restricted cash used to guarantee a as a result of the fact that Box recognizes subscription revenue ratably compliance, and helped customers in every industry move to the cloud Box does not consider RPO to be a non-GAAP financial measure as it is calculated in accordance with GAAP, specifically under ASC Topic 606. the form of stock-based compensation expense, the cash salary expense GAAP operating loss in the second quarter of fiscal year 2021 was $7.5 million, or 4% of revenue. reconciliations of non-GAAP measures and certain key metrics to their hyperlink is provided herein is not part of this press release, and the accordance with GAAP. Delivered wins and expansions with leading organizations such as Access Information Management, Apleona GmbH, Better Up, Lord, Abbett & Co. LLC, San Diego Zoo Global, Sanki Engineering Co., Ltd., and Stanley Black & Decker. Box calculates billings for a period cash flows from operating activities as a measure of liquidity. ir@box.com, Box Reports Revenue of $192 Million for Fiscal Second Quarter 2021, Up 11 Percent Year-Over-Year, intelligent, automated classification to Box Shield, Fortune’s Best Large Workplaces for Millennials, http://www.directeventreg.com/registration/event/4866297, https://www.businesswire.com/news/home/20200826005695/en/, GAAP Operating Margin Improved 1700 Basis Points Year-Over-Year to Negative 4%, Non-GAAP Operating Margin up 1500 Basis Points Year-Over-Year to 16%, Cash Flow from Operations of $32.3 Million, up $37.0 Million Year-Over-Year, Free Cash Flow of $13.3 Million, up $32.3 Million Year-Over-Year. Box considers free cash flow to be a profitability and liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that can possibly be used for investing in Box's business and strengthening its balance sheet, but it is not intended to represent the residual cash flow available for discretionary expenditures. platform and services; (9) actual or perceived security vulnerabilities 1-877-201-0168, (U.S. and Canada), conference ID: 51055301+ 2:00 PM (PT) / 5:00 PM (ET) to discuss Box’s financial results, business business. This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Box’s expectations regarding the size of its market opportunity, expectations regarding its leadership position in the cloud content management market, the demand for its products, expectations regarding the impact of the COVID-19 pandemic on its business, its ability to grow and scale its business and drive operating efficiencies, its ability to achieve revenue targets and billings expectations, expectations regarding its ability to achieve profitability on a quarterly or ongoing basis, its expectations regarding free cash flow, its ability to continue to grow unrecognized revenue and remaining performance obligations, the timing of recent and planned product introductions, enhancements and integrations, the short- and long-term success, market adoption and retention, capabilities, and benefits of such product introductions and enhancements, and the success of strategic partnerships, as well as expectations regarding its revenue, billings, gross margin, GAAP and non-GAAP net income (loss) per share, non-GAAP operating margins for future periods, the related components of GAAP and non-GAAP net income (loss) per share, and weighted-average outstanding share count expectations for Box’s fiscal third quarter and full fiscal year 2021 in the section titled “Outlook” above. to achieve positive free cash flow by Q4 of our 2017 fiscal year," said static expense, one that is not typically affected by operations during included in cost of revenue and operating expenses would be higher, For more information on these non-GAAP financial Non-GAAP net income (loss) and non-GAAP net income (loss) per share. Overview intangible assets, such as the amortization of the cost associated with Box has used, and intends to continue to use, its Investor Relations website (www.box.com/investors), as well as certain Twitter accounts (@box, @levie and @boxincir), as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. 2016 on 123.3 million shares outstanding. related to stock-based compensation (“SBC”), intangible assets Box, Inc. (BOX) had Revenue of $696.26M for the most recently reported fiscal year, ending 2020-01-31. Further, Box’s definitions will likely differ from the definitions used by other companies, including peer companies, and therefore comparability may be limited. Box also provides investor information, including news and commentary about Box’s business and financial performance, Box’s filings with the Securities and Exchange Commission, notices of investor events and Box’s press and earnings releases, on Box’s Investor Relations website. fourth quarter," said Aaron Levie, co-founder and CEO of Box. Fourth Quarter Revenue of $110 Million , Up 29% Year-Over-Year Record Cash Flow from Operations of $15 Million for the Fourth Quarter, Up $10 Million Year-Over-Year First Ever Quarter of Positive Free Cash Flow at $10 Million Box, Inc. (NYSE:BOX), a leader in cloud content management, today announced financial results for the fiscal fourth quarter and full fiscal year 2017, which ended January 31, 2017 . results to differ materially from statements made in this press release, in order to better understand the long-term performance of Box’s core and operational decision-making and as a means to evaluate Non-Operating Income/Expense $-3.47M. Box defines non-GAAP net income (loss) as GAAP net income (loss) excluding expenses related to SBC, intangible assets amortization, and as applicable, other special items as described in the preceding paragraph. Box defines non-GAAP operating income (loss) as operating income (loss) excluding expenses related to stock-based compensation (“SBC”), intangible assets amortization, and as applicable, other special items. Inside Box Inc's 10-K Annual Report: Revenue - Product Highlight. A live audio webcast of this call will be available through Box’s Investor Relations website at www.box.com/investors for a period of 90 days after the date of the call. 900 Jefferson Avenue Box Inc (NYSE: BOX) Q2 2020 Earnings Call Aug 28, 2019, 5:00 p.m. means of disclosing material non-public information and for complying This press release contains forward-looking statements that involve Box's first-quarter revenue increased 21% year over year to $148 million. difficult to predict future results; (7) the risk that Box’s customers any particular period. impairment, amortization of the cost of purchased intangibles is a Financial - Shares Highlight. $215.58M. million year-over-year, and delivered the promise we made two years ago the reconciliation of GAAP to non-GAAP financial measures. Billings. Find out all the key statistics for Box, Inc. (BOX), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Free cash flow. Our market leadership enables us to meet the needs of our customers in today’s environment and provides us a large growth opportunity going forward. This compares to non-GAAP gross profit of $123.0 million, or 71% of revenue in the second quarter of fiscal year 2020. strength of our business model and our operating discipline as we work financial measures and key metrics are useful to investors both because non-GAAP financial measure given that it is calculated using exclusively The conference call can be accessed by registering online at http://www.directeventreg.com/registration/event/4866297, at which time registrants will receive dial-in information as well as a passcode and registrant ID. A limitation of non-GAAP financial measures and key metrics is that they intended to be considered in isolation or as a substitute for, or Deferred revenue as of July 31, 2020 was $364.9 million, an increase of 10% from the second quarter of fiscal year 2020. +1 650-209-3467 with certain non-GAAP financial measures and other key metrics, Box defines free cash flow as cash (used in) About Non-GAAP Financial Measures and Other Key Metrics. compensation expense, if Box did not pay a portion of compensation in Box does not assume any obligation to update the forward-looking Management believes it is useful to exclude SBC generate positive free cash flow for the first time in the to help them analyze the health of Box’s business. ir@box.com, Media: non-GAAP measures and certain key metrics to their nearest comparable partnerships. and successful enhancements, new features and modifications to its “Our heightened focus on driving expansion and renewals in our existing customer base drove strong top line results, while our focus on overall cost discipline allowed us to significantly improve operating margins and cash flow. net loss, non-GAAP net loss per share, billings and free cash flow. (2) delays or reductions in information technology spending; (3) factors Non-GAAP net loss and non-GAAP net loss per share. Box Revenue (Quarterly): 196.00M for Oct. 31, 2020. measures and key metrics, please see the reconciliation of these Box considers billings a significant performance measure. Sign In to Your Account Email Address. “Fiscal 2017 was a milestone year for Box as we achieved record revenue to certain litigation because they are considered by management to be that can be accessed through Box’s Investor Relations website, these accounts, and any hyperlinks are only inactive textual references. value of stock options, which is an element of Box’s ongoing stock-based accordance with GAAP. Free cash flow in the second quarter of fiscal year 2021 was positive $13.3 million. Billings reflect, in any particular period, (1) sales comparisons to Box’s historical performance as well as comparisons to Box is headquartered in Redwood The presentation of non-GAAP free cash flow This press release, the financial tables, as well as other supplemental information including the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures, are also available on Box’s Investor Relations website. Redwood City, CA 94063, Alice Kousoum Lopatto delivered innovative new products, set the standard for security and future competitors; (4) the development of the Cloud Content Management earnings per share guidance at the end of this press release. Box believes that both management and GAAP gross profit for the second quarter of fiscal year 2021 was $137.0 million, or 71% of revenue. Alice Kousoum Lopatto and Elaine Gaudioso "These results demonstrate the and key metrics in assessing Box’s performance and when planning, do not have uniform definitions. is also not meant to be considered in isolation or as an alternative to This press release, the financial tables, as well as other supplemental expense, intangible assets amortization and certain legal settlement and stock-based instruments Box utilizes involves a high degree of judgment Furthermore, Box excludes the following expenses as they are considered by management to be special items outside of Box’s core operating results: (1) fees related to shareholder activism, which include directly applicable third party advisory and professional service fees, (2) expenses related to certain litigation, and (3) expenses associated with restructuring activities, consisting primarily of severance and other personnel-related costs. Future invoicing is determined to be certain when we have an executed non-cancellable contract and invoicing is not dependent on a future event such as the delivery of a specific new product or feature, or the achievement of contractual contingencies. Information on or REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE: BOX), a leader in cloud content management, today announced that the Defense Contract Management Agency (DCMA), the contract administration services for the U.S. Department of Defense (DoD), issued a five year, $6.2 million contract for Box’s enterprise cloud content management platform in September 2020, during Box’s … statements contained in this press release to reflect events that occur Box has used, and intends to continue to use, its Investor Relations Exchange Commission, notices of investor events and Box’s press and Box considers billings a significant the actual value realized upon the vesting or future exercise of the Box does not assume any obligation to update the forward-looking statements contained in this press release to reflect events that occur or circumstances that exist after the date on which they were made. To learn more about how Box powers nonprofits to fulfill their missions, visit Box.org. they are used by Box’s institutional investors and the analyst community ", “Our strong Q2 results demonstrate the progress that we’ve made in delivering an excellent balance of growth and profitability, even in these uncertain times,” said Dylan Smith, co-founder and CFO of Box. Box’s management believes that these non-GAAP financial measures and key metrics provide meaningful supplemental information regarding Box’s performance by excluding certain expenses that may not be indicative of Box’s recurring core business operating results. Non-GAAP net loss per share, basic and diluted, in the fourth quarter and diluted. Thus, Box’s Historically, target, and this year we plan to invest for scale while continuing to (1) As of July 31, 2020, there were 156,399 shares of Box’s Class A common stock outstanding. with confidence. Box’s management team will host a conference call today beginning at Box Inc forecast annual revenue above analysts' estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due … The replay can be Contents: Prepared Remarks. payment frequencies, a leading indicator of future revenue. Further, Box’s definitions will likely litigation because they are considered by management to be special items earnings releases, on Box’s Investor Relations website. Box defines We’ve consistently Figures for fiscal year ending 2020-01-31 Income Statement Financials: Revenue. Revenue (TTM) is a widely used stock evaluation measure. Operating Income $-139.47M. 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