RE: Darktrace set to narrow its losses to £5m after its blockbuster float in London12 Sep 2021 23:25
Beat this & Boom!
Darktrace is increasing its expectations for FY 2022 from those presented at the time of IPO. The Group is balancing strong sales trends exiting the second half of FY 2021, including particularly strong June performance, with potential temporary sales productivity impacts that may occur as it evolves ways to expand and optimise its salesforce structure. These efforts will begin in the first half of FY 2022 and are intended to support anticipated growth and continued scaling of its business.
Darktrace now expects a year-over year increase in its constant currency ARR of between 32% and 34% (previously 26.5% to 29.5%). It also now expects year-over-year revenue growth of between 29% and 32% (previously 27% to 30%), considering normal quarterly seasonality patterns and particularly, typically soft first-quarter sales.
Darktrace reaffirms its prior commentary regarding its expected cost structure for FY 2022 and adds that it now expects an adjusted EBITDA margin for the year of between 1% and 4%.