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Energy : Oil, Gas & Consumable Fuels | Small Cap Blend
Company profile

Clean Energy Fuels Corp. is a renewable energy company. The Company is focused on the procurement and distribution of renewable natural gas (RNG) and conventional natural gas, in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), for the United States and Canadian transportation markets. It is focused on developing, owning, and operating dairy and other livestock waste RNG projects and supplying RNG to its customers in the heavy and medium -duty commercial transportation sector. The Company also designs and builds, as well as operates and maintains, public and private vehicle fueling stations in the United States and Canada; sells and services compressors and other equipment used in RNG production and at fueling stations; transports and sells CNG and LNG via virtual natural gas pipelines and interconnects; sells United States federal, state and local government credits (Environmental Credits) it generates by selling RNG as a vehicle fuel.

Closing Price
$5.05
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
5.25
Day's Low
5.01
Volume
(Average)
Volume:
6,940,042

10-day average volume:
6,560,574
6,940,042

Tenable Announces First Quarter 2022 Financial Results

4:06 pm ET April 26, 2022 (Globe Newswire) Print

Tenable Holdings, Inc. ("Tenable") (Nasdaq: TENB), the Cyber Exposure company, today announced financial results for the quarter ended March 31, 2022.

"We delivered outstanding results in the first quarter highlighted by accelerating top line growth, strong profitability and continued investment in innovation and new product capabilities," said Amit Yoran, Chairman and CEO of Tenable. "As our customers move toward more complex workloads in the cloud, they demand a cloud security program that effectively identifies, prioritizes and mitigates cyber exposure. We see a significant market opportunity ahead as we deepen our cyber exposure platform investments around identity, cloud, attack surface management, attack path analysis and other compelling analytics."

First Quarter 2022 Financial Highlights

Recent Business Highlights

Financial Outlook

For the second quarter of 2022, we currently expect:

For the year ending December 31, 2022, we currently expect:

As previously announced today in a separate press release, we entered into a definitive agreement to acquire Bit Discovery, Inc. ("Bit Discovery"), an external attack surface management company. The acquisition is expected to close in June and, therefore, is not expected to have a significant impact on our financial outlook for Q2 2022. For the second half of the year ending December 31, 2022, revenue is not expected to be significant but we expect Bit Discovery to add $2 million to $3 million of calculated current billings and $2 million to $3 million of non-GAAP net loss. The impact of the acquisition of Bit Discovery is not reflected in our outlook above.

Conference Call Information

Tenable will host a conference call today, April 26, 2022, at 4:30 p.m. Eastern Time to discuss its financial results. The conference call can be accessed at 877-407-9716 (U.S.) and 201-493-6779 (international). A live webcast of the event will be available on the Tenable Investor Relations website at https://investors.tenable.com. An archived replay of the live broadcast will be available on the Investor Relations page of the website following the call.

About Tenable

Tenable is the Cyber Exposure company. Approximately 40,000 organizations around the globe rely on Tenable to understand and reduce cyber risk. As the creator of Nessus, Tenable extended its expertise in vulnerabilities to deliver the world's first platform to see and secure any digital asset on any computing platform. Tenable customers include approximately 60 percent of the Fortune 500, approximately 40 percent of the Global 2000, and large government agencies. Learn more at tenable.com.

Contact Information

Investor Relations

investors@tenable.com

Media Relations

tenablepr@tenable.com

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements and represent our views as of the date of this press release. The words "anticipate," believe," "continue," "estimate," "expect," "intend," "may," "will" and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. These risks and uncertainties are detailed in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2021 and other filings that we make from time to time with the SEC, which are available on the SEC's website at sec.gov. Such risks and uncertainties may be amplified by the COVID-19 pandemic and its potential impact on our business and the global economy. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

Non-GAAP Financial Measures and Other Key Metrics

To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly titled measures used by other companies, are presented to enhance the overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects and allow for greater transparency with respect to important metrics used by management for financial and operational decision-making. We include these non-GAAP financial measures to present our financial performance using a management view and because we believe that these measures provide an additional comparison of our core financial performance over multiple periods with other companies in our industry.

Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial tables accompanying this press release.

Calculated Current Billings: We define calculated current billings, a non-GAAP financial measure, as total revenue recognized in a period plus the change in current deferred revenue in the corresponding period. We believe that calculated current billings is a key metric to measure our periodic performance. Given that most of our customers pay in advance (including multi-year contracts), but we generally recognize the related revenue ratably over time, we use calculated current billings to measure and monitor our ability to provide our business with the working capital generated by upfront payments from our customers. We believe that calculated current billings, which excludes deferred revenue for periods beyond twelve months in a customer's contractual term, more closely correlates with annual contract value and that the variability in total billings, depending on the timing of large multi-year contracts and the preference for annual billing versus multi-year upfront billing, may distort growth in one period over another.

Free Cash Flow and Unlevered Free Cash Flow: We define free cash flow, a non-GAAP financial measure, as net cash provided by operating activities less purchases of property and equipment, which includes capitalized internal use software. We believe free cash flow is an important liquidity measure of the cash (if any) that is available, after purchases of property and equipment, for investment in our business and to make acquisitions. We believe that free cash flow is useful as a liquidity measure because it measures our ability to generate or use cash. We define unlevered free cash flow as free cash flow plus cash paid for interest and other financing costs. We believe unlevered free cash flow is useful as a liquidity measure as it measures the cash that is available to invest in our business and meet our current and future financing needs.

Non-GAAP Income from Operations and Non-GAAP Operating Margin: We define these non-GAAP financial measures as their respective GAAP measures, excluding the effect of stock-based compensation, acquisition-related expenses, costs related to the intra-entity asset transfers resulting from the internal restructuring of legal entities and amortization of acquired intangible assets. Acquisition-related expenses include transaction expenses and costs related to the intercompany transfer of acquired intellectual property.

Non-GAAP Net Income and Non-GAAP Earnings Per Share: We define non-GAAP net income as GAAP net loss, excluding the effect of stock-based compensation, acquisition-related expenses and amortization of acquired intangible assets, including the applicable tax impacts. In addition, we exclude the tax impact and related costs of intra-entity asset transfers resulting from the internal restructuring of legal entities as well as deferred income tax benefits recognized in connection with acquisitions. We use non-GAAP net income to calculate non-GAAP earnings per share.

Non-GAAP Gross Profit and Non-GAAP Gross Margin: We define non-GAAP gross profit as GAAP gross profit, excluding the effect of stock-based compensation and amortization of acquired intangible assets. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of revenue.

Non-GAAP Sales and Marketing Expense, Non-GAAP Research and Development Expense and Non-GAAP General and Administrative Expense: We define these non-GAAP measures as their respective GAAP measures, excluding stock-based compensation, acquisition-related expenses and costs related to intra-entity asset transfers resulting from the internal restructuring of legal entities.

TENABLE HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

                                                                              Three Months Ended March 31,
(in thousands, except per share data)                                              2022               2021
Revenue                                                                       $    159,368       $    123,189
Cost of revenue                                                                    34,930             22,073
Gross profit                                                                       124,438            101,116
Operating expenses:
Sales and marketing                                                                81,570             58,635
Research and development                                                           34,290             26,838
General and administrative                                                         26,126             21,445
Total operating expenses                                                           141,986            106,918
Loss from operations                                                               (17,548 )          (5,802  )
Interest expense, net                                                              (3,326  )          (28     )
Other expense, net                                                                 (944    )          (66     )
Loss before income taxes                                                           (21,818 )          (5,896  )
Provision for income taxes                                                         2,688              1,852
Net loss                                                                      $    (24,506 )     $    (7,748  )
Net loss per share, basic and diluted                                         $    (0.22   )     $    (0.07   )
Weighted-average shares used to compute net loss per share, basic and diluted      109,524            104,531

_______________

Includes stock-based compensation as follows:

                               Three Months Ended March 31,
                                     2022      2021
Cost of revenue                $     1,513   $ 937
Sales and marketing                  10,065    6,296
Research and development             6,463     4,156
General and administrative           7,357     5,563
Total stock-based compensation $     25,398  $ 16,952

TENABLE HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS

                                                                                                                                                                    March 31,          December 31,
                                                                                                                                                                    2022               2021
(in thousands, except per share data)                                                                                                                               (unaudited)
Assets
Current assets:
Cash and cash equivalents                                                                                                                                           $   287,455        $    278,000
Short-term investments                                                                                                                                                  238,645             234,292
Accounts receivable (net of allowance for doubtful accounts of $423 and $524 at March 31, 2022 and December 31, 2021, respectively)                                     96,381              136,601
Deferred commissions                                                                                                                                                    40,335              40,311
Prepaid expenses and other current assets                                                                                                                               59,415              60,234
Total current assets                                                                                                                                                    722,231             749,438
Property and equipment, net                                                                                                                                             39,598              36,833
Deferred commissions (net of current portion)                                                                                                                           58,928              59,638
Operating lease right-of-use assets                                                                                                                                     37,521              38,530
Acquired intangible assets, net                                                                                                                                         73,221              71,536
Goodwill                                                                                                                                                                280,574             261,614
Other assets                                                                                                                                                            25,802              31,230
Total assets                                                                                                                                                        $   1,237,875      $    1,248,819
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable and accrued expenses                                                                                                                               $   17,057         $    16,254
Accrued compensation                                                                                                                                                    35,236              54,051
Deferred revenue                                                                                                                                                        404,786             407,498
Operating lease liabilities                                                                                                                                             3,564               2,320
Other current liabilities                                                                                                                                               3,162               3,759
Total current liabilities                                                                                                                                               463,805             483,882
Deferred revenue (net of current portion)                                                                                                                               122,722             123,387
Term loan, net of issuance costs (net of current portion)                                                                                                               364,063             364,728
Operating lease liabilities (net of current portion)                                                                                                                    53,685              55,046
Other liabilities                                                                                                                                                       6,632               6,463
Total liabilities                                                                                                                                                       1,010,907           1,033,506
Stockholders' equity:
Common stock (par value: $0.01; 500,000 shares authorized; 110,287 and 108,929 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively)     1,103               1,089
Additional paid-in capital                                                                                                                                              906,263             869,059
Accumulated other comprehensive loss                                                                                                                                    (1,363    )         (306      )
Accumulated deficit                                                                                                                                                     (679,035  )         (654,529  )
Total stockholders' equity                                                                                                                                              226,968             215,313
Total liabilities and stockholders' equity                                                                                                                          $   1,237,875      $    1,248,819

TENABLE HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

                                                                                 Three Months Ended March 31,
(in thousands)                                                                                       2022                        2021
Cash flows from operating activities:
Net loss                                                                         $                   (24,506             )  $    (7,748  )
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization                                                                        4,896                       2,816
Stock-based compensation                                                                             25,398                      16,952
Other                                                                                                1,323                       313
Changes in operating assets and liabilities:
Accounts receivable                                                                                  40,341                      32,455
Prepaid expenses and other assets                                                                    8,463                       5,427
Accounts payable, accrued expenses and accrued compensation                                          (18,745             )       (6,003  )
Deferred revenue                                                                                     (3,543              )       (5,648  )
Other current and noncurrent liabilities                                                             (765                )       61
Net cash provided by operating activities                                                            32,862                      38,625
Cash flows from investing activities:
Purchases of property and equipment                                                                  (4,811              )       (1,061  )
Purchases of short-term investments                                                                  (60,850             )       (29,361 )
Sales and maturities of short-term investments                                                       55,135                      31,000
Business combination, net of cash acquired                                                           (22,960             )       --
Net cash (used in) provided by investing activities                                                  (33,486             )       578
Cash flows from financing activities:
Payments on term loan                                                                                (938                )       --
Proceeds from stock issued in connection with the employee stock purchase plan                       8,882                       8,046
Proceeds from the exercise of stock options                                                          2,587                       4,015
Other financing activities                                                                           (3                  )       (3      )
Net cash provided by financing activities                                                            10,528                      12,058
Effect of exchange rate changes on cash and cash equivalents and restricted cash                     (449                )       (1,068  )
Net increase in cash and cash equivalents and restricted cash                                        9,455                       50,193
Cash and cash equivalents and restricted cash at beginning of period                                 278,271                     178,463
Cash and cash equivalents and restricted cash at end of period                   $                   287,726                $    228,656

TENABLE HOLDINGS, INC.

REVENUE COMPONENTS AND RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(unaudited)

Revenue                                   Three Months Ended March 31,
(in thousands)                                  2022       2021
Subscription revenue                      $     142,687  $ 107,402
Perpetual license and maintenance revenue       12,873     12,405
Professional services and other revenue         3,808      3,382
Revenue                                   $     159,368  $ 123,189

_______________

Recurring revenue, which includes revenue from subscription arrangements for software and cloud-based solutions and maintenance associated with perpetual licenses, represented 95% and 94% of revenue in the three months ended March 31, 2022 and 2021, respectively.

Calculated Current Billings                           Three Months Ended March 31,
(in thousands)                                             2022                2021
Revenue                                               $    159,368        $    123,189
Add: Deferred revenue (current), end of period             404,786             325,113
Less: Deferred revenue (current), beginning of period      (407,635 )          (328,819 )
Calculated current billings                           $    156,519        $    119,483

_______________

Deferred revenue (current), beginning of period for the three months ended March 31, 2022 includes $0.1 million related to Cymptom's deferred revenue at the acquisition date, which is not included in deferred revenue (current) balance at December 31, 2021.

Free Cash Flow and Unlevered Free Cash Flow      Three Months Ended March 31,
(in thousands)                                        2022              2021
Net cash provided by operating activities        $    32,862       $    38,625
Purchases of property and equipment                   (4,811 )          (1,061 )
Free cash flow                                        28,051            37,564
Cash paid for interest and other financing costs      4,051             71
Unlevered free cash flow                         $    32,102       $    37,635

________________

Free cash flow and unlevered free cash flow for the periods presented were impacted by:

                                              Three Months Ended March 31,
(in millions)                                      2022            2021
Employee stock purchase plan activity         $    (4.0 )     $    (5.0 )
Acquisition-related expenses                       (0.7 )          (1.7 )
Costs related to intra-entity asset transfers      (0.8 )          --
Tax payment on intra-entity asset transfers        (2.7 )          (2.8 )

Free cash flow and unlevered free cash flow for the three months ended March 31, 2022 and 2021 were benefited by approximately $6 million and $5 million, respectively, as a result of the accelerated timing of payments for insurance, professional fees and rent in prior quarters.

Non-GAAP Income from Operations and Non-GAAP Operating Margin Three Months Ended March 31,
(dollars in thousands)                                            2022                 2021
Loss from operations                                          $   (17,548 )        $   (5,802 )
Stock-based compensation                                          25,398               16,952
Acquisition-related expenses                                      1,341                2,158
Costs related to intra-entity asset transfers                     838                  --
Amortization of acquired intangible assets                        2,427                579
Non-GAAP income from operations                               $   12,456           $   13,887
Operating margin                                                  (11     )   %        (5     )   %
Non-GAAP operating margin                                         8           %        11         %
Non-GAAP Net Income and Non-GAAP Earnings Per Share                          Three Months Ended March 31,
(in thousands, except for per share amounts)                                      2022               2021
Net loss                                                                     $    (24,506 )     $    (7,748  )
Stock-based compensation                                                          25,398             16,952
Tax impact of stock-based compensation                                            1,066              (4      )
Acquisition-related expenses                                                      1,341              2,158
Costs related to intra-entity asset transfers                                     838                --
Amortization of acquired intangible assets                                        2,427              579
Tax impact of acquisitions                                                        (442    )          --
Tax impact of intra-entity asset transfers                                        843                2,808
Non-GAAP net income                                                          $    6,965         $    14,745
Net loss per share, diluted                                                  $    (0.22   )     $    (0.07   )
Stock-based compensation                                                          0.23               0.16
Tax impact of stock-based compensation                                            0.01               --
Acquisition-related expenses                                                      0.01               0.02
Costs related to intra-entity asset transfers                                     0.01               --
Amortization of acquired intangible assets                                        0.02               --
Tax impact of acquisitions                                                        (0.01   )          --
Tax impact of intra-entity asset transfers                                        0.01               0.03
Adjustment to diluted earnings per share                                          --                 (0.01   )
Non-GAAP earnings per share, diluted                                         $    0.06          $    0.13
Weighted-average shares used to compute GAAP net loss per share, diluted          109,524            104,531
Weighted-average shares used to compute non-GAAP earnings per share, diluted      117,155            113,934

________________

(1) The tax impact of stock-based compensation is based on the tax treatment for the applicable tax jurisdictions.

(2) The tax impact of acquisition-related expenses is not material.

(3) The costs related to the intra-entity asset transfer resulted from our internal restructuring of Cymptom.

(4) The tax impact of the amortization of acquired intangible assets is included in the tax impact of acquisitions.

(5) The tax impact of acquisitions is related to the deferred tax benefits of the Alsid acquisition.

(6) The tax impact of the intra-entity asset transfers are related to current tax payments based on the applicable Israeli tax rates resulting from our internal restructuring of Cymptom and Indegy in the three months ended March 31, 2022 and 2021, respectively.

(7) An adjustment to reconcile GAAP net loss per share, which excludes potentially dilutive shares, to non-GAAP earnings per share, which includes potentially dilutive shares.

Non-GAAP Gross Profit and Non-GAAP Gross Margin Three Months Ended March 31,
(dollars in thousands)                               2022               2021
Gross profit                                    $    124,438       $    101,116
Stock-based compensation                             1,513              937
Amortization of acquired intangible assets           2,427              579
Non-GAAP gross profit                           $    128,378       $    102,632
Gross margin                                         78      %          82      %
Non-GAAP gross margin                                81      %          83      %
Non-GAAP Sales and Marketing Expense                 Three Months Ended March 31,
(dollars in thousands)                                    2022              2021
Sales and marketing expense                          $    81,570       $    58,635
Less: Stock-based compensation                            10,065            6,296
Non-GAAP sales and marketing expense                 $    71,505       $    52,339
Non-GAAP sales and marketing expense as % of revenue      45     %          42     %
Non-GAAP Research and Development Expense                 Three Months Ended March 31,
(dollars in thousands)                                         2022              2021
Research and development expense                          $    34,290       $    26,838
Less: Stock-based compensation                                 6,463             4,156
Non-GAAP research and development expense                 $    27,827       $    22,682
Non-GAAP research and development expense as % of revenue      17     %          18     %
Non-GAAP General and Administrative Expense                 Three Months Ended March 31,
(dollars in thousands)                                           2022              2021
General and administrative expense                          $    26,126       $    21,445
Less: Stock-based compensation                                   7,357             5,563
Less: Acquisition-related expenses                               1,341             2,158
Less: Costs related to intra-entity asset transfer               838               --
Non-GAAP general and administrative expense                 $    16,590       $    13,724
Non-GAAP general and administrative expense as % of revenue      10     %          11     %

The following adjustments to reconcile forecasted non-GAAP income from operations, non-GAAP net income and non-GAAP earnings per share are subject to a number of uncertainties and assumptions, each of which are inherently difficult to forecast. As a result, actual adjustments and GAAP results may differ materially.

Forecasted Non-GAAP Income from Operations               Three Months Ending June 30, 2022 Year Ending December 31, 2022
(in millions)                                            Low              High             Low              High
Forecasted loss from operations                          $    (28.6 )     $    (27.6 )     $    (90.1 )     $    (86.1 )
Forecasted stock-based compensation                           31.5             31.5             121.2            121.2
Forecasted acquisition-related expenses                       0.4              0.4              1.7              1.7
Forecasted costs related to intra-entity asset transfers      --               --               0.8              0.8
Forecasted amortization of acquired intangible assets         2.7              2.7              10.4             10.4
Forecasted non-GAAP income from operations               $    6.0         $    7.0         $    44.0        $    48.0
Forecasted Non-GAAP Net Income and Non-GAAP Earnings Per Share                          Three Months Ending June 30, 2022 Year Ending December 31, 2022
(in millions, except per share data)                                                    Low              High             Low               High
Forecasted net loss                                                                     $    (34.3 )     $    (33.3 )     $    (118.1 )     $    (114.1 )
Forecasted stock-based compensation                                                          31.5             31.5             121.2             121.2
Forecasted tax impact of stock-based compensation                                            0.4              0.4              2.1               2.1
Forecasted acquisition-related expenses                                                      0.4              0.4              1.7               1.7
Forecasted costs related to intra-entity asset transfers                                     --               --               0.8               0.8
Forecasted amortization of acquired intangible assets                                        2.7              2.7              10.4              10.4
Forecasted tax impact of acquisitions                                                        (0.3  )          (0.3  )          (1.5   )          (1.5   )
Forecasted tax impact of intra-entity asset transfers                                        0.6              0.6              2.9               2.9
Forecasted non-GAAP net income                                                          $    1.0         $    2.0         $    19.5         $    23.5
Forecasted net loss per share, diluted                                                  $    (0.31 )     $    (0.30 )     $    (1.06  )     $    (1.02  )
Forecasted stock-based compensation                                                          0.29             0.29             1.09              1.09
Forecasted tax impact of stock-based compensation                                            --               --               0.02              0.02
Forecasted acquisition-related expenses                                                      --               --               0.01              0.01
Forecasted costs related to intra-entity asset transfers                                     --               --               0.01              0.01
Forecasted amortization of acquired intangible assets                                        0.02             0.02             0.09              0.09
Forecasted tax impact of acquisitions                                                        --               --               (0.01  )          (0.01  )
Forecasted tax impact of intra-entity asset transfers                                        0.01             0.01             0.02              0.02
Adjustment to diluted earnings per share                                                     --               --               (0.01  )          (0.01  )
Forecasted non-GAAP earnings per share, diluted                                         $    0.01        $    0.02        $    0.16         $    0.20
Forecasted weighted-average shares used to compute net loss per share, diluted               111.0            111.0            111.5             111.5
Forecasted weighted-average shares used to compute non-GAAP earnings per share, diluted      119.5            119.5            119.5             119.5

________________

(1) The forecasted GAAP net loss assumes income tax expense of $2.3 million and $11.5 million in the three months ending June 30, 2022 and the year ending December 31, 2022, respectively.

(2) Adjustment to reconcile GAAP net loss per share, which excludes potentially dilutive shares, to non-GAAP earnings per share, which includes potentially dilutive shares.

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