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These are the two juiciest paragraphs for SaaS geeks: > We have a highly efficient go-to-market model, which consists of a self-service tier, a high velocity i
by pixelmonkey 7y ago
These are the two juiciest paragraphs for SaaS geeks:
> We have a highly efficient go-to-market model, which consists of a self-service tier, a high velocity inside sales team, and an enterprise sales force. As of June 30, 2019, we had approximately 8,800 customers, increasing from approximately 7,700, 5,400 and 3,800 customers as of December 31, 2018, 2017 and 2016, respectively. Approximately 590 of our customers as of June 30, 2019 had annual run-rate revenue, or ARR, of $100,000 or more, increasing from approximately 450, 240 and 130 customers as of December 31, 2018, 2017 and 2016, respectively, accounting for approximately 72%, 68%, 60% and 48% of our ARR, respectively. Further, as of June 30, 2019, we had 42 customers with ARR of $1.0 million or more, up from 29, 12 and two customers as of December 31, 2018, 2017 and 2016, respectively. As of June 30, 2019, our 10 largest customers represented approximately 14% of our ARR and no single customer represented more than 5% of our ARR.
... and ...
> Our business has experienced rapid growth and is capital efficient. Since inception, we have raised $92.0 million of capital, net of share repurchases, and we had $63.6 million of cash, cash equivalents and restricted cash as of June 30, 2019. We generated revenue of $100.8 million and $198.1 million in 2017 and 2018, respectively, representing year-over-year growth of 97%. Our revenue was $85.4 million in the six months ended June 30, 2018 compared to $153.3 million in the six months ended June 30, 2019, representing period-over-period growth of 79%. Substantially all of our revenue is subscription software sales. Our net (loss) income was $(2.6) million, $(10.8) million, $0.5 million and $(13.4) million for the years ended December 31, 2017 and 2018 and the six months ended June 30, 2018 and 2019, respectively. We generated operating cash flow of $13.8 million, $10.8 million, $10.6 million and $3.0 million in 2017 and 2018 and the six months ended June 30, 2018 and 2019, respectively. Our free cash flow was $6.0 million, $(5.0) million, $1.5 million and $(6.4) million in 2017 and 2018 and the six months ended June 30, 2018 and 2019, respectively.
Very impressive SaaS business, especially in such a competitive space. And I'm a happy customer for several years. This chart of their quarterly revenue run rate going back to 2016 is truly amazing and will make every SaaS founder green with envy:
https://www.sec.gov/Archives/edgar/data/1561550/000119312519227783/g745413g04k21.jpg https://www.sec.gov/Archives/edgar/data/1561550/000119312519...
- debt 7y agoI'm pretty green but I love how they break things out comma-separated like "Z, Y, X from years C, B, A, respectively" Feels slightly awkward as you have to make the associations in your head(Z to C, Y to B, etc.) but actually gives a way better sense of progress.
- mdorazio 7y agoSo nice to see an S-1 from a SaaS company with actually solid financials and clear explanations of where the money is going. This is what IPO announcements should look like instead of being packed with hype, hopes, and dreams.
- pixelmonkey 7y agoAgreed! For all the hype and noise out there, the combination of SaaS and business value has created some phenomenal companies, both in terms of growth, and in terms of unit economics. And, as a user, I can say Datadog solves a real (and burning) problem for product engineering teams, and, though expensive, is worth every penny.
- blawson 7y agoEfficient indeed - 1,212 employees equates to around $250,000 per employee per year based on their first half 2019 revenue, which I understand is great for SaaS.