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Gentherm Names Jonathan Douyard as Executive Vice President, Chief Financial Officer and TreasurerIn conclusion, while today's events are indeed somber, let us honor the memory of the passenger by reaffirming our commitment to safety and well-being while traveling, and by standing together in support and solidarity during times of crisis.
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SAN FRANCISCO--(BUSINESS WIRE)--Dec 5, 2024-- Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations ® Cloud, reported financial results for the third quarter ended November 2, 2024, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com . “We achieved another strong quarter of durable and efficient growth at a greater scale,” said Sanjit Biswas, CEO and co-founder of Samsara. “We ended Q3 at $1.35 billion in ARR, growing 35% year-over-year, and achieved a quarterly record of 10% adjusted free cash flow margin. As we continue to grow, we are excited about the innovation we are unlocking with more scale. We now collect over 10 trillion data points annually in the Samsara platform and use this data asset to bring AI to physical operations. We believe AI will play a powerful role in transforming the safety, efficiency, and sustainability of our customers’ operations.” Third Quarter Fiscal Year 2025 Financial Highlights (In millions, except percentage, percentage points, and per share data) Q3 FY2025 Q3 FY2024 Y/Y Change Annual Recurring Revenue (ARR) $ 1,348.9 $ 1,002.7 35 % Total revenue $ 322.0 $ 237.5 36 % GAAP gross profit $ 246.0 $ 175.9 $ 70.0 GAAP gross margin 76 % 74 % 2 pts Non-GAAP gross profit $ 249.8 $ 179.0 $ 70.8 Non-GAAP gross margin 78 % 75 % 2 pts GAAP operating loss $ (47.4 ) $ (54.8 ) $ 7.4 GAAP operating margin (15 %) (23 %) 8 pts Non-GAAP operating income $ 33.9 $ 12.7 $ 21.2 Non-GAAP operating margin 11 % 5 % 5 pts GAAP net loss per share, basic and diluted $ (0.07 ) $ (0.08 ) $ 0.01 Non-GAAP net income per share, basic $ 0.08 $ 0.04 $ 0.04 Non-GAAP net income per share, diluted $ 0.07 $ 0.04 $ 0.03 Net cash provided by operating activities $ 36.0 $ 11.9 $ 24.1 Net cash provided by operating activities margin 11 % 5 % 6 pts Adjusted free cash flow $ 31.2 $ 8.5 $ 22.7 Adjusted free cash flow margin 10 % 4 % 6 pts Note: Numbers are rounded for presentation purposes. We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with generally accepted accounting principles (“GAAP”). See the section titled “Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures and the tables in the section titled “Reconciliation Between GAAP and Non-GAAP Financial Measures” for a reconciliation of GAAP to non-GAAP financial measures. Financial Outlook Our guidance includes GAAP and non-GAAP financial measures. For the fourth quarter and fiscal year 2025, Samsara expects the following: Q4 FY2025 Outlook FY 2025 Outlook Total revenue $334 million – $336 million $1.237 billion – $1.239 billion Year/Year revenue growth 21% – 22% 32% Year/Year adjusted revenue growth (1) 30% – 31% 35% Non-GAAP operating margin 9% 7% Non-GAAP net income per share, diluted $0.07 – $0.08 $0.22 – $0.23 (1) Q4 FY24 was a 14-week fiscal quarter instead of a typical 13-week fiscal quarter. To enable comparability across periods, adjusted revenue and adjusted revenue growth rate are calculated by multiplying Q4 FY24 revenue by 13/14 to remove the impact of an additional week of revenue recognition in Q4 FY24. A reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty and potential variability of expenses, such as stock-based compensation expense-related charges, that may be incurred in the future and cannot be reasonably determined or predicted at this time. It is important to note that these factors could be material to our results of operations computed in accordance with GAAP. About Samsara Samsara is the pioneer of the Connected Operations ® Cloud, which is a system of record that enables businesses that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, utilities and energy, government, healthcare and education, manufacturing, food and beverage, and others. The company’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may relate to, but are not limited to, expectations of future operating results or financial performance, the calculation of certain of our key financial and operating metrics, our market opportunity, industry developments and trends, customer demand for our solution, macroeconomic conditions and any expected benefits of our products, including cost savings and return on investment, our technological capability, including AI, and our competitive position, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and could cause actual results and events to differ. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “goal,” “guidance,” “intend,” “may,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or the negative of these terms or other comparable expressions that concern our expectations, strategies, plans, or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are based on information available at the time those statements are made, including information furnished to us by third parties that we have not independently verified, and/or management’s good faith beliefs and assumptions as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. These risks and uncertainties include our ability to retain customers and expand the Applications used by our customers, our ability to attract new customers, our future financial performance, including trends in revenue and annual recurring revenue, net retention rate, costs of revenue, gross profit or gross margin, operating expenses, customer counts, non-GAAP financial measures (such as adjusted revenue, adjusted revenue growth rate, non-GAAP gross margin, non-GAAP operating margin, free cash flow margin, and adjusted free cash flow margin), our ability to achieve or maintain profitability, the demand for our products or for solutions for connected operations in general, the impact of the Russia-Ukraine conflict, geopolitical tensions involving China, the conflict in the Middle East, the emergence of public health crises, the results of the recent presidential and congressional elections in the United States, and macroeconomic conditions globally on our and our customers’, partners’ and suppliers’ operations and future financial performance, possible harm caused by silicon component shortages and other supply chain constraints, the length of our sales cycles, possible harm caused by a security breach or other incident affecting our or our customers’ assets or data, our ability to compete successfully in competitive markets, our ability to respond to rapid technological changes, and our ability to continue to innovate and develop new Applications. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings and reports that we may file from time to time with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. Use of Non-GAAP Financial Measures This document includes certain non-GAAP financial measures. Reconciliations of non-GAAP financial measures to our financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow and adjusted free cash flow do not reflect our future contractual commitments or the total increase or decrease of our cash balance for a given period. These and other limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. We present these non-GAAP financial measures to assist investors in seeing Samsara’s operating results through the eyes of management and because we believe that these measures provide an additional tool for investors to evaluate our business. Expenses Excluded from Non-GAAP Performance Financial Measures —Stock-based compensation expense-related charges include the amortization of deferred stock-based compensation expense for capitalized software and employer taxes on employee equity transactions. Stock-based compensation expense-related charges are excluded because they are primarily a non-cash expense that management believes is not reflective of our ongoing operational performance. Employer taxes on employee equity transactions, which are a cash expense, are excluded because such taxes are directly tied to the timing and size of employee equity transactions and the future fair market value of our common stock, which may vary from period to period independent of the operating performance of our business. Lease modification, impairment, and related charges, and legal settlements are excluded because management believes that such charges are not reflective of our ongoing operational performance. Operating Metrics and Non-GAAP Financial Measures Annual Recurring Revenue—We define ARR as the annualized value of subscription contracts that have commenced revenue recognition as of the measurement date. Adjusted Revenue and Adjusted Revenue Growth Rate—Q4 FY24 was a 14-week fiscal quarter instead of a typical 13-week fiscal quarter. To enable comparability across periods, adjusted revenue and adjusted revenue growth rate are calculated by multiplying Q4 FY24 revenue by 13/14 to remove the impact of an additional week of revenue recognition in Q4 FY24. Non-GAAP Gross Profit and Non-GAAP Gross Margin—We define non-GAAP gross profit as gross profit excluding the effect of stock-based compensation expense-related charges included in cost of revenue. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of total revenue. We use non-GAAP gross profit and non-GAAP gross margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations. Non-GAAP Income (Loss) from Operations and Non-GAAP Operating Margin—We define non-GAAP income (loss) from operations, or non-GAAP operating income (loss), as income (loss) from operations excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements. Non-GAAP operating margin is defined as non-GAAP operating income (loss) as a percentage of total revenue. We use non-GAAP income (loss) from operations and non-GAAP operating margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP income (loss) from operations and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations. Non-GAAP Net Income (Loss) and Non-GAAP Net Income (Loss) per Share—We define non-GAAP net income (loss) as net income (loss) excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements. Our non-GAAP net income (loss) per share–basic is calculated by dividing non-GAAP net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Our non-GAAP net income per share–diluted is calculated by giving effect to all potentially dilutive common stock equivalents (stock options, restricted stock units, and shares issued under our 2021 Employee Stock Purchase Plan) to the extent they are dilutive. Non-GAAP net loss per share–diluted is the same as non-GAAP net loss per share–basic as the inclusion of all potential dilutive common stock equivalents would be antidilutive. We use non-GAAP net income (loss) and non-GAAP net income (loss) per share in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP net income (loss) and non-GAAP net income (loss) per share provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations. Free Cash Flow and Free Cash Flow Margin—We define free cash flow as net cash provided by (used in) operating activities reduced by cash used for purchases of property and equipment. Free cash flow margin is calculated as free cash flow as a percentage of total revenue. We believe that free cash flow and free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives. Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin—We define adjusted free cash flow as free cash flow excluding the cash impact of non-recurring capital expenditures associated with the build-out of our corporate office facilities in San Francisco, California, net of tenant allowances, and legal settlements. Adjusted free cash flow margin is calculated as adjusted free cash flow as a percentage of total revenue. We believe that adjusted free cash flow and adjusted free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives by excluding the impact of non-recurring events. Webcast Information and Shareholder Letter An investor presentation and accompanying shareholder letter is accessible from the Samsara investor relations website at https://investors.samsara.com/ . Samsara will host a live webcast to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. The live webcast may be accessed at https://investors.samsara.com/ . Following the webcast, a replay will be accessible from the same website. SAMSARA INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) As of November 2, 2024 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 160,348 $ 135,536 Short-term investments 511,564 412,126 Accounts receivable, net 178,723 161,829 Inventories 39,366 22,238 Connected device costs, current 115,093 104,008 Prepaid expenses and other current assets 34,321 51,221 Total current assets 1,039,415 886,958 Restricted cash 20,241 19,202 Long-term investments 241,131 276,166 Property and equipment, net 56,418 54,969 Operating lease right-of-use assets 69,215 81,974 Connected device costs, non-current 234,825 230,782 Deferred commissions 196,013 177,562 Other assets, non-current 6,610 7,232 Total assets $ 1,863,868 $ 1,734,845 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 31,522 $ 46,281 Accrued expenses and other current liabilities 63,028 61,437 Accrued compensation and benefits 36,013 37,068 Deferred revenue, current 505,557 426,369 Operating lease liabilities, current 18,000 20,661 Total current liabilities 654,120 591,816 Deferred revenue, non-current 134,165 139,117 Operating lease liabilities, non-current 67,954 78,830 Other liabilities, non-current 8,494 9,935 Total liabilities 864,733 819,698 Stockholders’ equity: Preferred stock — — Class A common stock 11 9 Class B common stock 23 23 Class C common stock — — Additional paid-in capital 2,597,904 2,368,597 Accumulated other comprehensive income — 1,616 Accumulated deficit (1,598,803 ) (1,455,098 ) Total stockholders’ equity 999,135 915,147 Total liabilities and stockholders’ equity $ 1,863,868 $ 1,734,845 SAMSARA INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (In thousands, except share and per share data) (Unaudited) Three Months Ended Nine Months Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Revenue $ 321,981 $ 237,534 $ 902,909 $ 661,111 Cost of revenue 76,027 61,585 218,017 178,008 Gross profit 245,954 175,949 684,892 483,103 Operating expenses: Research and development 76,990 60,820 226,439 185,155 Sales and marketing 150,065 116,780 448,995 353,643 General and administrative 62,660 48,354 177,410 139,888 Lease modification, impairment, and related charges 3,609 4,762 3,609 4,762 Total operating expenses 293,324 230,716 856,453 683,448 Loss from operations (47,370 ) (54,767 ) (171,561 ) (200,345 ) Interest income and other income, net 10,057 9,378 29,767 28,493 Loss before provision for income taxes (37,313 ) (45,389 ) (141,794 ) (171,852 ) Provision for income taxes 493 142 1,911 1,503 Net loss $ (37,806 ) $ (45,531 ) $ (143,705 ) $ (173,355 ) Other comprehensive loss: Foreign currency translation adjustments, net of tax (361 ) (820 ) (1,771 ) 276 Unrealized gains (losses) on investments, net of tax (1,244 ) 382 155 (1,063 ) Other comprehensive loss (1,605 ) (438 ) (1,616 ) (787 ) Comprehensive loss $ (39,411 ) $ (45,969 ) $ (145,321 ) $ (174,142 ) Basic and diluted net loss per share: Net loss per share attributable to common stockholders, basic and diluted $ (0.07 ) $ (0.08 ) $ (0.26 ) $ (0.33 ) Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 559,006,539 537,464,892 553,858,923 531,873,324 SAMSARA INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Three Months Ended Nine Months Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Operating activities Net loss $ (37,806 ) $ (45,531 ) $ (143,705 ) $ (173,355 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 6,757 3,646 15,845 10,839 Stock-based compensation expense 72,592 59,791 208,852 172,395 Net accretion of discounts on investments (3,884 ) (4,104 ) (12,173 ) (12,727 ) Lease modification, impairment, and related charges 3,609 4,762 3,609 4,762 Other non-cash adjustments 2,280 1,937 3,992 2,046 Changes in operating assets and liabilities: Accounts receivable, net (3,032 ) (2,943 ) (23,192 ) 3,824 Inventories (1,775 ) (5,336 ) (20,181 ) 13,467 Prepaid expenses and other current assets 3,942 (17,691 ) 16,899 (17,448 ) Connected device costs (4,240 ) (9,333 ) (15,127 ) (36,997 ) Deferred commissions (7,569 ) (8,219 ) (18,451 ) (21,297 ) Other assets, non-current (112 ) (104 ) 822 267 Accounts payable and other liabilities (11,814 ) 5,043 (13,791 ) (206 ) Deferred revenue 17,000 26,684 74,236 77,155 Operating lease right-of-use assets and liabilities, net 65 3,287 165 7,338 Net cash provided by operating activities 36,013 11,889 77,800 30,063 Investing activities Purchases of property and equipment (4,776 ) (3,355 ) (14,830 ) (8,858 ) Purchases of investments (196,029 ) (167,012 ) (526,086 ) (541,401 ) Proceeds from sales of investments — 1,700 1,247 6,174 Proceeds from maturities and redemptions of investments 167,040 167,215 472,766 508,093 Other investing activities (100 ) — (200 ) (50 ) Net cash used in investing activities (33,865 ) (1,452 ) (67,103 ) (36,042 ) Financing activities Payment of taxes related to net share settlement of equity awards (7 ) — (7 ) — Proceeds from issuance of common stock in connection with equity compensation plans 36 265 16,959 13,435 Payment of principal on finance leases (396 ) (501 ) (1,340 ) (1,416 ) Net cash provided by (used in) financing activities (367 ) (236 ) 15,612 12,019 Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 105 (542 ) (458 ) (24 ) Net increase in cash, cash equivalents, and restricted cash 1,886 9,659 25,851 6,016 Cash, cash equivalents, and restricted cash, beginning of period 178,703 220,123 154,738 223,766 Cash, cash equivalents, and restricted cash, end of period $ 180,589 $ 229,782 $ 180,589 $ 229,782 SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited) Three Months Ended Nine Months Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Gross profit and gross margin reconciliation GAAP gross profit $ 245,954 $ 175,949 $ 684,892 $ 483,103 Add: Stock-based compensation expense-related charges (1) 3,879 3,100 11,584 9,307 Non-GAAP gross profit $ 249,833 $ 179,049 $ 696,476 $ 492,410 GAAP gross margin 76 % 74 % 76 % 73 % Non-GAAP gross margin 78 % 75 % 77 % 74 % Operating income (loss) and operating margin reconciliation GAAP loss from operations $ (47,370 ) $ (54,767 ) $ (171,561 ) $ (200,345 ) Add: Stock-based compensation expense-related charges (1) 77,677 62,712 225,579 183,355 Lease modification, impairment, and related charges 3,609 4,762 3,609 4,762 Non-GAAP income (loss) from operations $ 33,916 $ 12,707 $ 57,627 $ (12,228 ) GAAP operating margin (15 %) (23 %) (19 %) (30 %) Non-GAAP operating margin 11 % 5 % 6 % (2 %) Three Months Ended Nine Months Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net income (loss) reconciliation GAAP net loss $ (37,806 ) $ (45,531 ) $ (143,705 ) $ (173,355 ) Add: Stock-based compensation expense-related charges 77,677 62,712 225,579 183,355 Lease modification, impairment, and related charges 3,609 4,762 3,609 4,762 Non-GAAP net income (3) $ 43,480 $ 21,943 $ 85,483 $ 14,762 SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited) Three Months Ended Nine Months Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net income (loss) per share, basic and diluted, reconciliation GAAP net loss per share attributable to common stockholders, basic $ (0.07 ) $ (0.08 ) $ (0.26 ) $ (0.33 ) Total impact on net loss per share, basic, from non-GAAP adjustments 0.15 0.12 0.41 0.36 Non-GAAP net income per share attributable to common stockholders, basic $ 0.08 $ 0.04 $ 0.15 $ 0.03 GAAP net loss per share attributable to common stockholders, diluted $ (0.07 ) $ (0.08 ) $ (0.26 ) $ (0.33 ) Total impact on net loss per share, diluted, from non-GAAP adjustments 0.14 0.12 0.41 0.36 Non-GAAP net income per share attributable to common stockholders, diluted (4) $ 0.07 $ 0.04 $ 0.15 $ 0.03 Weighted-average shares used in computing GAAP net loss per share attributable to common stockholders, basic and diluted 559,006,539 537,464,892 553,858,923 531,873,324 Weighted-average shares used in computing non-GAAP net income per share attributable to common stockholders, basic 559,006,539 537,464,892 553,858,923 531,873,324 Weighted-average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted (4) 580,923,231 566,082,414 576,681,883 559,620,309 SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited) Three Months Ended Nine Months Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Free cash flow, adjusted free cash flow, free cash flow margin, and adjusted free cash flow margin reconciliation Net cash provided by operating activities $ 36,013 $ 11,889 $ 77,800 $ 30,063 Purchases of property and equipment (4,776 ) (3,355 ) (14,830 ) (8,858 ) Free cash flow 31,237 8,534 62,970 21,205 Purchases of property and equipment for build-out of corporate office facilities, net of tenant allowances (5) — — — (10,179 ) Adjusted free cash flow $ 31,237 $ 8,534 $ 62,970 $ 11,026 Net cash provided by operating activities margin 11 % 5 % 9 % 5 % Free cash flow margin 10 % 4 % 7 % 3 % Adjusted free cash flow margin 10 % 4 % 7 % 2 % (1) Stock-based compensation expense-related charges were included in the following line items of our condensed consolidated statements of operations and comprehensive loss as follows: Three Months Ended Nine Months Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Cost of revenue $ 3,879 $ 3,100 $ 11,584 $ 9,307 Research and development 28,574 22,594 82,076 68,716 Sales and marketing 23,441 20,219 66,843 55,310 General and administrative 21,783 16,799 65,076 50,022 Total stock-based compensation expense-related charges (2) $ 77,677 $ 62,712 $ 225,579 $ 183,355 (2) Stock-based compensation expense-related charges included approximately $4.5 million and $15.2 million of employer taxes on employee equity transactions for the three and nine months ended November 2, 2024, respectively, and approximately $2.9 million and $11.0 million of employer taxes on employee equity transactions for the three and nine months ended October 28, 2023, respectively. (3) There were no material income tax effects on our non-GAAP adjustments for all periods presented. (4) For each period in which we had non-GAAP net income, diluted non-GAAP net income per share is calculated using weighted-average number of shares of common stock outstanding during the period, adjusted for dilutive potential shares that were assumed outstanding during the period. (5) In April 2023, we settled a lease dispute which was primarily related to lease incentives associated with leasehold improvements in the form of a tenant allowance and received $11.3 million. View source version on businesswire.com : https://www.businesswire.com/news/home/20241205052629/en/ CONTACT: Investor Contact: Mike Chang ir@samsara.comMedia Contact: Adam Simons media@samsara.com KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA INDUSTRY KEYWORD: NETWORKS INTERNET IOT (INTERNET OF THINGS) DATA MANAGEMENT TECHNOLOGY SOURCE: Samsara Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:10 PM/DISC: 12/05/2024 04:08 PM http://www.businesswire.com/news/home/20241205052629/enStock market today: Wall Street edges higher as it heads for a winning week
Speculations have surfaced suggesting that Raúl-Asensio may be considering a move away from Real Madrid next summer in order to further his career and continue his development as a player. The prospect of leaving the club to seek new challenges and opportunities has reportedly been on the player's mind, leading to uncertainty about his long-term future at Real Madrid.
The transition from being a television host to an actor is not a simple one. While hosting requires excellent communication skills and the ability to engage with the audience, acting demands a deeper level of emotional expression and the capacity to embody a character in a way that captivates and resonates with the audience. For the former CCTV host, the transition meant leaving behind the comfort of the studio and stepping into the spotlight of the stage, where every gesture and expression is magnified and scrutinized by the audience.
New genetic test will help safeguard quinoaPEP GUARDIOLA plans to hit the January sales for the first time in SEVEN years in a bid to halt Manchester City’s alarming slump. Guardiola will be handed a war chest after the champions made more than £250million on player trading over the past two years. Newcastle ’s Bruno Guimaraes and fellow midfielder Martin Zubimendi of Real Sociedad are on City’s radar following Ballon d’Or winner Rodri’s season-ending ACL injury. The champions have lost seven of their last 10 matches with injuries hitting them hard during a nightmare six weeks. So they will scour the market when the window opens next month in a bid to save their faltering season. City are aware it is difficult to sign top players in the winter and have not done major business since they signed centre-back Aymeric Laporte in 2018. Read More on Football And the board will back Guardiola if the right man is available at a good price. Bruno is believed to be keen on a move to City but persuading the Toon to part with one of their key men in the middle of the season will be tricky. He was valued at £100m by his club in the summer - which was considered unrealistic by City - but his form this season has not justified that figure. Zubimendi was a target for Liverpool earlier this year and opted to stay in Spain but is now more open to offers. Most read in Football BEST FREE BET SIGN UP OFFERS FOR UK BOOKMAKER S The Etihad hierarchy have always tried to plan their windows in advance but the long list of injuries has left the squad creaking with a lot of matches still ahead. Meanwhile City’s below par Champions League form has already cost them almost £6m. And they could be hit in the pocket by another £9m if they fail to reach the Last 16 in the New Year. Under the new league format, teams receive £1.7m for a win and around £600,000 for a draw. Rivals Liverpool have led the way, banking the maximum amount from their six league fixtures so far. Meanwhile, City have won just two of theirs – against Slovan Bratislava and Sparta Prague. They drew with Inter Milan as well as Feyenoord and lost to Sporting Lisbon as well as Juventus – leaving their participation in the latter rounds in the balance. Under Guardiola, City traditionally made light work of the group stages – and won all six last year. This time they sit back in 22nd place in the table and will need points in their final two games next month to avoid an embarrassing early exit. MAN CITY began the season as favourites to win the Premier League title yet again – but there is one elephant in the room that threatens to put the skids under the Etihad giants. Sunsport’s MARTIN LIPTON discusses what the next few months could hold with Head of Sport SHAUN CUSTIS .... Custis: So the big question – will there be a resolution this season? Lipton : Yes.... probably! It will take at least a month to go through the evidence. So I suspect around March, April time, we will get a result. But that’s where it starts to get tricky. Custis : Why is that? Lipton : If the result is in City's favour, that's the end of the matter. They will be cleared. They will have no punishment to face. But if City are found guilty, these will be the heaviest penalties ever imposed by the Premier League. I suspect if they are found guilty, they will be expelled from the league or given a massive points deduction and a huge fine so that they're not in the Premier League next season. Check out the full discussion on Man City's future .Bears general manager Ryan Poles was granted a reprieve complete with a second swing at hiring a head coach in Chicago. Poles will interview candidates and select a replacement for Matt Eberflus, who was fired Friday after the Bears' sixth consecutive loss and fourth of the season decided on a final play. "Ryan Poles is the general manager of the Chicago Bears, and he will remain the general manager of the Chicago Bears," president and CEO Kevin Warren said Monday. "Ryan will serve as the point person of our upcoming search for a head football coach. We will closely, we will work together on a daily basis to make sure we have the right person as our head football coach." Warren said the McCaskey family provided "all the resources" to build a championship environment. He confirmed that Thomas Brown, who a month ago was passing game coordinator before replacing Shane Waldron as offensive coordinator, will serve as interim head coach and shift from the press box to the sideline starting this week. Warren did not say whether Brown would automatically receive an interview for the full-time coaching position, which he said "will be the most coveted head coaching job in the National Football League." Poles said consideration will be given to candidates with the plan to develop rookie No. 1 pick Caleb Williams, but there are no set plans to involve the quarterback in the interview process. He said the Bears showed great progress through two seasons but couldn't sustain growth. "At the end of the day, we just came up short too many times," Poles said of firing Eberflus, his pick to be the Bears' head coach in January 2022. Brown promoted wide receivers coach Chris Beatty to interim offensive coordinator on Monday and announced that defensive coordinator Eric Washington will be the defensive play caller, a role Eberflus previously held. Trailing 23-20 on Thanksgiving Day, the Bears were within field-goal range when quarterback Caleb Williams was sacked. With 32 seconds remaining, Eberflus elected not to use his final timeout as Williams heaved an incompletion down the right sideline as time expired. "When you look at the end-of-the-game situations, detailing to finish in some of those moments. We all know a lot of games come down to those critical moments where we weren't able to get over the hump," Poles said. Eberflus said after the game that everything was handled properly and held a press conference via Zoom on Friday voicing confidence he'd have the team ready to play the 49ers this week. But three hours later, he was fired. Warren admitted the franchise could've handled the timing better, but clarified there was no decision on Eberflus' status at the time of his media session. "The decision was made to terminate the employment of head coach Matt Eberflus," Warren said 72 hours later. "We try to do everything in a professional manner. That decision was made on Friday." "Coach Eberflus had his press conference, we had not made a final decision. I think you know me, you know Ryan you know George McCaskey. One thing we stand for is family, integrity, doing it the right way. In retrospect, could we have done it better? Absolutely." Eberflus, 54, went 14-32 in two-plus seasons. The Bears (4-8) travel to San Francisco (5-7) in Week 1. --Field Level Media
Law enforcement officials arrived on the scene promptly and launched an investigation into the matter. Through careful examination of the camera's footage, it was determined that it had been recording unsuspecting individuals using the restroom. The violation of privacy and breach of trust inherent in such actions cannot be understated, and the community has been left reeling from the unsettling news.
Peruvian authorities are scrutinizing President Dina Boluarte's conduct as the state prosecutor's office launches a preliminary investigation. Accusations allege that the president neglected her official responsibilities, prompting legal scrutiny. The investigation signals potential political turbulence, with authorities aiming to ascertain the validity of such claims. The outcome could significantly impact Boluarte's administration. This development follows increasing tensions within the Peruvian government, as leaders grapple with the potential ramifications of this high-profile inquiry still in its early stages. (With inputs from agencies.)Qorvo, Inc. (QRVO) Barclays 22nd Annual Global Technology Conference (Transcript)
