Box Reports Record Revenue of $608.4 Million for Fiscal Year 2019, Up 20% Year-Over-Year, and Delivers Positive Cash Flow from Operations and Free Cash Flow for Fiscal Year 2019
Summary
“In fiscal 2019, we made progress in our transition to solution selling as demonstrated by strong add-on product attach rates and solid growth in six-figure deals throughout the year,” said Aaron Levie, co-founder and CEO of Box. Grew paying customer base to more than 92,000 organizations, including new or expanded deployments with leading enterprises such as Allina Health System, Intuit, Live Nation, MGM Studios, Red Robin International, Inc., Silicon Valley Bank, ServiceNow, State Street, and Vistra Energy. 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. Although SBC is an important aspect of the compensation of Box’s employees and executives, determining the fair value of certain of the stock-based instruments Box utilizes involves a high degree of judgment and estimation and the expense recorded may bear little resemblance to the actual value realized upon the vesting or future exercise of the related stock-based awards. 143,703 136,566 141,351 133,932 (1) Includes intangible assets amortization as follows: Three Months EndedFiscal Year EndedJanuary 31,January 31,2019201820192018 Cost of revenue $ — $ — $ — $ 365 Sales and marketing — — 9 — General and administrative — 38 15 154 Total intangible assets amortization $ — $ 38 $ 24 $ 519 (2) Includes stock-based compensation expense as follows: Three Months EndedFiscal Year EndedJanuary 31,January 31,2019201820192018 Cost of revenue $ 3,785 $ 2,797 $ 14,065 $ 10,742 Research and development 11,521 9,314 45,189 37,733 Sales and marketing 9,163 7,860 36,864 31,742 General and administrative 5,741 4,978 23,178 17,268 Total stock-based compensation $ 30,210 $ 24,949 $ 119,296 $ 97,485 * As reported under ASC Topic 606
Classifications
AskAI Classifications
LabelsLinked Companies
