Revenue for the third quarter of 2020 was $38.9 million, an increase of 40% from $27.8 million for the third quarter of 2019. Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press release following the accompanying financial data. So it is in a good position to wait until profits start to appear on a large scale. The stock has initially sold off up to 10% on the results, as the 40% revenue … Based on the encouraging findings, the agency intends to grant emergency authorization for use of the vaccine on Friday, The New York Times reported, citing people familiar with the FDA's plans. Beware these 15 worst states for taxes on your retirement, Dow Jones Stocks To Buy And Watch In December 2020: Apple Hits New Buy Point On Plans To Boost iPhone Production, 2.18% FIXED Mortgage Refi, No Hidden Fees/Points, Iceland's Controlant, with $50M backing, emerges as key player in Cold Chain for COVID-19 vaccine, LIVE: Jim Cramer on Moderna, Federal Reserve, Boeing, Stock Market Tuesday, 15 Stocks to Buy as the ESG Investing Boom Continues Into 2021, Snowflake Sees $20 Billion Wipeout in a Week as Lockup Expires, Here Are The 6 Stocks That Will Shake Up The Nasdaq. On December 17, Louis Navellier & Matt McCall will reveal the major events that will rock the markets in 2021. As DevOps continues to change the software update landscape, we look forward to leading the market in the fourth quarter and beyond.”. JFrog’s net dollar retention rate compares its annual recurring revenue (“ARR”) from the same set of customers across comparable periods. JFrog views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. JFrog EPS beats by $0.05, beats on revenue Nov. 04, 2020 4:46 PM ET JFrog Ltd. (FROG) By: Manshi Mamtora , CFA 3 Comments JFrog (NASDAQ: FROG ) : Q3 Non-GAAP EPS of $0.05 beats by $0.05 ; … JFrog JFrog announced earnings for Q3 in its first quarter as a public company. Forward-Looking Statements:This press release and the earnings call referencing this press release contain “forward-looking” statements, as that term is defined under the U.S. federal securities laws, including but not limited to statements regarding JFrog’s future financial performance, including our outlook for the fourth quarter and for the full year of 2020, and our leadership position in the markets in which we participate. Net Dollar Retention for the trailing four quarters was 136%. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. PRESS RELEASE, November 4, 2020 . It also helps them get through a period when they won’t have enough cash or cash flow to cover losses. Motley Fool (476% Avg Return) Unveils 50% Promo, Blackrock and Fidelity Are Betting Big On This $130 Trillion Mega-Trend, These Semiconductor Stocks Called Top Picks For 2021, Plug Power Jolts Higher; Here Are 2 Ways to Play It. Tesla stock rose as Nio stock fell. (Bloomberg) -- Oracle Corp. co-founder Larry Ellison said he has moved his primary residence to Hawaii, becoming the latest Silicon Valley executive to depart the state where they built their fortunes.Ellison, the world’s 11th-wealthiest person, notified his staff Monday of the move. JFrog defines free cash flow as Net cash provided by (used in) operating activities, minus capital expenditures. The Oracle of Omaha even made his own cartoon to help the next generation learn. JFrog's (FROG) third-quarter 2020 results reflect strong subscription-revenue growth and an expanding clientele. The Dow, S&P, and Nasdaq just hit all-time highs. Think about that. Moreover, as I pointed out last time, the price-to-sales ratio for this stock remains exorbitantly high. JFrog defines ARR as the annualized revenue run-rate of subscription agreements from all customers as of the last month of the quarter. Completed Initial Public Offering, with net proceeds of approximately $393 million. JFrog is on a “Liquid Software” mission to enable the flow of software seamlessly and securely from the developer’s keystrokes to production. It's rare to find a company with financials this promising, this early in the game. After This Post IPO Run-Up, Let JFrog Stock Settle Down Before Buying. This is the kind of multiple that most public companies would love to have for the net income ratio, not their revenue multiple. The section titled "Non-GAAP Financial Information" below describes our usage of non-GAAP financial measures. Another hidden risk is that the company likely knows that its stock is too high. It’s been a year of fear for many Americans. Copyright © 2020 InvestorPlace Media, LLC. Third Quarter Revenue Increased 40%; Year-to-Date Revenue Increased 46% Record Free Cash Flow of $9.7 million in the Quarter Raised $393 million from… JFrog Announces Third Quarter 2020 Results / DevOps Monsters Separately, retirement services company Athene Holding Ltd. announced Tuesday a pension buyout agreement with GE, in which GE is transferring about $1.7 billion in pension obligations to Athene. In the first nine months of 2020, its revenue rose 46% year over year to $108.1 million, but its net loss widened from $5.2 million to $5.7 million. JFrog total assets from 2020 to 2020. JFrog defines non-GAAP gross profit, non-GAAP operating expenses (research and development, sales and marketing, general and administrative), non-GAAP gross margin, non-GAAP operating margin, non-GAAP operating income (loss) and non-GAAP net income (loss) as the respective GAAP balances, adjusted for, as applicable: (1) share-based compensation expense; (2) the amortization of acquired intangibles and (3) acquisition related costs. Reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheets to the amounts shown in the statements of cash flow above: Restricted cash included in prepaid expenses and other current assets, Restricted cash included in other assets, noncurrent, Total cash, cash equivalents, and restricted cash, Reconciliation from GAAP to Non-GAAP Results, Reconciliation of gross profit and gross margin, Plus: Amortization of acquired intangibles, Less: Amortization of acquired intangibles, Reconciliation of operating income (loss) and operating margin. Ellison is the main employer of Lanai’s 3,000 residents. The software company saw revenue grow 65% in the first half of 2020, with losses narrowing to $400,000. JFrog calculates net dollar retention rate by first identifying customers (the “Base Customers”), which were customers in the last month of a particular quarter (the “Base Quarter”). This is because, as I wrote earlier, the insider lockup on share sales is not due to be lifted for another four months, on March 16. Learn more at jfrog.com. Its guidance is for revenue of $40.9-41.9 million and a non-GAAP net profit of $0-2.1 million, or $0.00-0.02 per share. JFrog Ltd. [NASDAQ: FROG] gained 6.89% or 5.17 points to close at $80.18 with a heavy trading volume of 999137 shares. These forward-looking statements are based on JFrog’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause JFrog’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement.There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including but not limited to: risks associated with managing our rapid growth; our history of losses; our limited operating history; our ability to retain and upgrade existing customers our ability to attract new customers; our ability to effectively develop and expand our sales and marketing capabilities; risk of a security breach; risk of interruptions or performance problems associated with our products and platform capabilities; our ability to adapt and respond to rapidly changing technology or customer needs; our ability to compete in the markets in which we participate; and general market, political, economic, and business conditions. That will relieve some of the selling pressure on the company. A year earlier, the company earned 3 cents on revenue of $27.8 million. The "new" Apartment Investment and Management Co. (Aimco) has assets of 10% of the previous company's gross asset value as of March 31, 2020, while the new Apartment Income REIT Corp. has about 90% of the previous company's assets, and is trading on the NYSE under the ticker symbol "AIRC." A startup hailing from far-flung Iceland is emerging as one of the key players in the race to distribute one of the key Coronavirus vaccines around the world. Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in December 2020. View JFROG and New IPO 2020.pdf from ARE 173 at University of California, Davis. Will You Be One of Them? You'd be sitting on $612,162 if you invested $1k in each of these stocks picked by Motley Fool, There’s a megatrend emerging in capital markets right now that will change the course of investing for years to come. Revenue for the first nine months of 2020 was $108.1 million, an increase of 46% from $74.0 million for the first nine months of 2019. As a result of the separation, S&P Dow Jones Indices had said last week that Aimco will be removed from the S&P 500 and be replaced by Tesla Inc. , effective Dec. 21. --JFrog Ltd., the liquid software Company, today announced financial results for its third quarter ended September 30, 2020. Full Year 2020 Outlook:-- Revenue between $149.0 million and $150.0 million.-- Non-GAAP operating income between $12.0 million and $13.0 million.-- Non-GAAP net income per share between $0.11 and $0.13, assuming approximately 101 million weighted average diluted shares outstanding. That means it’s trading at an astounding 37.7 times revenue. Article printed from InvestorPlace Media, https://investorplace.com/2020/11/frog-stock-is-too-high-at-29-times-2021-revenue-forecasts/. Event: JFrog’s Third Quarter Fiscal 2020 Financial Results Conference Call, Webcast link: https://investors.jfrog.com/events-and-presentations. JFrog total assets for 2019 were $0B, a NAN% decline from . JFrog Announces Third Quarter 2020 Results. JFrog's (FROG) Q3 Earnings & Revenues Beat Estimates - November 5, 2020 - Zacks.com Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in our filings with the Securities and Exchange Commission, including in our prospectus filed with the SEC pursuant to Rule 424(b), dated September 16, 2020, our quarterly report on Form 10-Q for the quarter ended September 30, 2020, and other filings and reports that we may file from time to time with the SEC. (2) Includes acquisition-related costs as follows: (3) Includes amortization of acquired intangibles as follows: Total amortization expense of acquired intangible assets, Prepaid expenses and other current assets, Deferred contract acquisition costs, noncurrent, LIABILITIES, CONVERTIBLE PREFERRED SHARES AND, Accrued expenses and other current liabilities, TOTAL LIABILITIES, CONVERTIBLE PREFERRED SHARES AND, Condensed Consolidated Statements of Cash Flow. JFrog’s number of customers with ARR of $100,000 or more is based on the ARR of each customer, as of the last month of the quarter. But the stock market is signaling optimism about the U.S. economy in 2021, experts say. Nasdaq Finance shows almost the same exact 2021 revenue forecast. Ended the quarter with 313 customers with ARR greater than $100,000; 9 customers with ARR above $1 million. Acquisition related costs include expenses related to acquisitions of other companies. Software company JFrog posted revenue for the quarter of $38.9 million, up 40% from a year ago and ahead of the Wall Street consensus at $37.9 million. JFrog: JFrog Ltd. 2020 Q3 - Results - Earnings Call Presentation Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. At this point, most cautious investors would like to see either more growth, a better profit outlook, or a lower price before investing. The Controlant platform involves screen-based IoT tags which-link to GSM networks and then feed into web and mobile apps. Here’s how to prepare. Israel's JFrog, which allows companies to regularly update their software, has filed a prospectus with the US Securities and Exchange Commission (SEC) to raise up to $100 million in an Initial Public Offering (IPO) on Wall Street.. We disclaim any obligation to update forward-looking statements. used in calculating net income (loss) per share: (1) Includes share-based compensation expense as follows: Cost of revenue: subscription—self-managed and SaaS. JFrog then divides total Comparison Quarter ARR by total Base Quarter ARR for Base Customers. JFrog has offices across North America, Europe, and Asia. Mahalo, Larry.”Ellison, 76, who has a net worth of about $75 billion, according to data compiled by Bloomberg, owns 98% of Lanai, Hawaii’s sixth largest island that’s mostly made up of Ellison’s luxury hotels and resorts. And what you do in the next weeks could affect your wealth for 10 years. That implies a price-to-earnings (P/E) metric of 103x (i.e., $5.7 billion divided by $55 million). GE lays out a plan to help the world dramatically cut emissions while meeting its growing demand for power. About Non-GAAP Financial Measures:JFrog discloses the following non-GAAP financial measures in this release and the earnings call referencing this press release: non-GAAP operating income (loss), non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses (research and development, sales and marketing, general and administrative), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per diluted share, non-GAAP net income (loss) per basic share, and free cash flow. JFrog Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Changes in operating assets and liabilities: Net cash provided by operating activities, Payments related to business combination, net of cash acquired, Proceeds from initial public offering, net of underwriting discounts, Net cash provided by (used in) financing activities, Net increase (decrease) in cash, cash equivalents, and restricted cash, Cash, cash equivalent, and restricted cash. The end-to-end, hybrid JFrog Platform provides the tools and visibility required by modern software development organizations to fully embrace the power of DevOps. For example, let’s assume it grows revenue by 30% annually over five years. News that is propelling shares of the supplier of hydrogen fuel cell systems upward inspires these trade ideas. For Q4, JFrog expects $41.4M in revenue at the midpoint vs. consensus of $40.52M. In addition, they might also consider waiting until the insiders’ lockup restrictions on selling their shares after the IPO expires. At Seeking Alpha, the survey of analysts shows a $195.35 million forecast. The ARR includes monthly subscription customers, so long as JFrog generates revenue from these customers. That’s a drop of more than 27%. Controlant — which has a unique real-time supply chain monitoring technology based on GSM networks and is specifically geared to areas like pharmaceuticals and life sciences — has confirmed it is providing its monitoring services to Pfizer as it delivers the mRNA-based Pfizer-BioNTech COVID-19 vaccine globally. JFrog’s non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in its industry may calculate non-GAAP financial results differently, particularly related to non-recurring and unusual items. Financially fragile Americans during COVID-19 have difficulty answering these 15 money questions — can you? (2.28% APR). Its revenue growth and move toward profits continued during the first six months of 2020, as revenue of $69 million grew 50% year over year, and JFrog cut its losses to just $426,000. Acquisition related costs. In other words, the company is going to have to make at least a 25% margin, or $139 million (i.e., 0.25 times $557 million), for FROG stock to have a reasonable value. JFrog uses each of these non-GAAP financial measures internally to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate JFrog’s financial performance. Third Quarter Revenue Increased 40%; Year-to-Date Revenue Increased 46% Record Free Cash Flow of $9.7 million in the Quarter Raised $393 million from