HubSpot Reports Q2 2020 Results

• At the beginning of June, the company successfully executed a $460 million convertible bond offering with the concurrent repurchase of roughly 70% of the company's existing convertible bond due in 2022.
• The company's cash, cash equivalents and investments balance was $1,197 million as of June 30, 2020.
• During the second quarter, the company generated $15.0 million of operating cash flow, excluding the $48.7 million used for the repayment of our convertible notes, compared to $13.7 million generated during Q2'19.
• During the second quarter, the company generated $0.8 million of free cash flow, compared to $3.4 million during Q2'19.

Additional Recent Business Highlights

• Grew total customers to 86,672 at June 30, 2020 up 34% compared to June 30, 2019.
• Total average subscription revenue per customer was $9,466 during the second quarter of 2020, down 5% compared to Q2'19.

"The world is evolving this year -- from offline to online, from old to new -- at a far greater pace than anyone could have expected. At HubSpot, we feel well positioned to help companies navigate that change and come out stronger on the other side," said Brian Halligan, Chief Executive Officer. "The onslaught of the pandemic was certainly felt throughout our company, customers and partners this year, but I'm encouraged by the traction HubSpot made in the second quarter and the opportunity we see ahead. The situation, of course, is still quite fluid so we'll be watching things closely and adapting along with it."

Business Outlook
Based on information available as of August 5, 2020, HubSpot is issuing guidance for the third quarter of 2020 and full year 2020 as indicated below.

Third Quarter 2020:

• Total revenue is expected to be in the range of $210.0 million to $211.0 million.
• Non-GAAP operating income is expected to be in the range of $7.5 million to $8.5 million.
• Non-GAAP net income per common share is expected to be in the range of $0.11 to $0.13. This assumes approximately 48.8 million weighted average diluted shares outstanding.

Full Year 2020:

• Total revenue is expected to be in the range of $828.0 million to $832.0 million.
• Non-GAAP operating income is expected to be in the range of $52.0 million to $54.0 million.
• Non-GAAP net income per common share is expected to be in the range of $0.92 to $0.96. This assumes approximately 48.5 million weighted average diluted shares outstanding.

While we continue to believe we are in a strong financial position to weather the impact to our business from COVID-19, many of our customers and prospects are still operating under very challenging circumstances and may re-evaluate their spend. As such, our third quarter 2020 guidance and updated full year 2020 guidance factor in the heightened uncertainty caused by the COVID-19 pandemic based on the information available to us as of August 5, 2020, and we undertake no obligation to update after such date. These statements are forward-looking, and actual results may differ materially, as further discussed below under the heading "Cautionary Language Concerning Forward-Looking Statements".

Use of Non-GAAP Financial Measures
In our earnings press releases, conference calls, slide presentations, and webcasts, we may use or discuss non-GAAP financial measures, as defined by Regulation G. The GAAP financial measure most directly comparable to each non-GAAP financial measure used or discussed, and a reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure, are included in this press release after the consolidated financial statements. Our earnings press releases containing such non-GAAP reconciliations can be found in the Investors section of our website at ir.hubspot.com. 

Conference Call Information
HubSpot will host a conference call on Wednesday, August 5, 2020, at 4:30 p.m. Eastern Time (ET) to discuss the company's second quarter financial results and its business outlook. To register for this conference call, please use this link or visit HubSpot's Investor Relations website at ir.hubspot.com. After registering, a confirmation email will be sent, including dial in details and a unique code for entry.  

Following the conference call, a replay will be available at (800) 585-8367 (domestic) or (416) 621-4642 (international). The replay passcode is 3285702. An archived webcast of this conference call will also be available on HubSpot's Investor Relations website at ir.hubspot.com. 

The company has used, and intends to continue to use, the investor relations portion of its website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD.

About HubSpot
HubSpot is a leading growth platform. Over 86,000 total customers in over 120 countries use HubSpot's award-winning software, services, and support to transform the way they attract, engage, and delight customers. Learn more at www.hubspot.com.

Cautionary Language Concerning Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding management's expectations of future financial and operational performance and operational expenditures, expected growth, and business outlook, including our financial guidance for the third fiscal quarter and full year 2020; statements regarding the impact of the COVID-19 pandemic and related economic conditions on our business and results of operations; and statements regarding our positioning for future growth and market leadership. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, risks associated with the impact of COVID-19 on our business, the broader economy, and our ability to forecast our future financial performance as a result of COVID-19; our history of losses; our ability to retain existing customers and add new customers; the continued growth of the market for an inbound platform; our ability to differentiate our platform from competing products and technologies; our ability to manage our growth effectively to maintain our high level of service; our ability to maintain and expand relationships with our solutions partners; our ability to successfully recruit and retain highly-qualified personnel; the price volatility of our common stock; and other risks set forth under the caption "Risk Factors" in our SEC filings. We assume no obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.

Consolidated Balance Sheets (in thousands)
		June 30,				December 31,
		2020				2019
Assets
Current assets:
Cash and cash equivalents		$	201,086			$	269,670
Short-term investments			934,992				691,834
Accounts receivable			86,184				92,517
Deferred commission expense			36,121				32,078
Prepaid expenses and other current assets			37,936				23,625
Total current assets			1,296,319				1,109,724
Long-term investments			61,095				53,776
Property and equipment, net			89,993				83,649
Capitalized software development costs, net			21,391				16,793
Right-of-use assets			270,462				234,390
Deferred commission expense, net of current portion			20,831				19,110
Other assets			10,875				9,824
Intangible assets, net			10,075				11,752
Goodwill			29,935				30,250
Total assets		$	1,810,976			$	1,569,268
Liabilities and stockholders' equity
Current liabilities:
Accounts payable		$	10,814			$	12,842
Accrued compensation costs			26,513				26,318
Accrued expenses and other current liabilities			28,211				28,686
Operating lease liabilities			29,807				23,613
Deferred revenue			238,101				231,030
Total current liabilities			333,446				322,489 Werbung Mehr Nachrichten zur Hubspot Inc Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 07:34 - Market Depth SolarBank: Solarboom 2024: 5 Gründe die für diese Aktie sprechen… 02:00 - PR Newswire BlackRock Throgmorton Trust Plc - Total Voting Rights Solarboom 2024:    5 Gründe die für diese Aktie sprechen… weiterlesen» Anzeige wo-site-teaser-box-16746_site-teaser-box_2024-04-24_08%253A00%253A00_2024-04-25_09%253A00%253A59