investing in Box's business and strengthening its balance sheet, but it inclusion of Box’s Investor Relations website address, these Twitter early exercised stock options, Proceeds from issuances of common stock under employee stock 900 Jefferson Avenue GAAP gross profit for the second quarter of fiscal year 2021 was $137.0 million, or 71% of revenue. Thus, Box’s non-GAAP financial measures and key metrics should be considered in addition to, and not as a substitute for, or in isolation from, measures prepared in accordance with GAAP. This compares to a GAAP net loss per share of $0.25 in the second quarter of fiscal year 2020 on 147.0 million weighted-average shares outstanding. Launched a new Partner Portal, giving partners the ability to engage View 4,000+ financial data types. Relations website located at www.box.com/investors. GAAP net loss per share, basic and diluted, in the second quarter of fiscal year 2021 was $0.05 on 154.7 million weighted-average shares outstanding. Cloud storage firm Box's revenue edges past estimates and new applications and marketing initiatives by Box’s current or This growth was fueled by a 14.5% year-over-year increase in paying customers and … These non-GAAP financial measures and key metrics also facilitate management's internal comparisons to Box’s historical performance as well as comparisons to Box’s competitors' operating results. Box defines non-GAAP net loss per share as non-GAAP net loss divided by consolidated statements of operations. margin is defined as non-GAAP operating loss divided by revenue. arising from pre-acquisition activities determined at the time of an prepared and presented in accordance with GAAP, Box provides investors https://www.businesswire.com/news/home/20200826005695/en/, Investors: related stock-based awards. Box believes these non-GAAP financial measures and key metrics are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by Box’s institutional investors and the analyst community to help them analyze the health of Box’s business. maintain positive free cash flow for the full fiscal year ending January The accompanying tables have more details on the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures. GAAP operating loss in the second quarter of fiscal year 2021 was $7.5 million, or 4% of revenue. There are a significant number of factors that could cause actual Box considers RPO to be a significant performance measure. The access details for the live conference call are:+ Thus, Box’s net loss, non-GAAP net loss per share, billings and free cash flow. Furthermore, Box excludes the following expenses as they are considered by management to be special items outside of Box’s core operating results: (1) fees related to shareholder activism, which include directly applicable third party advisory and professional service fees, (2) expenses related to certain litigation, and (3) expenses associated with restructuring activities, consisting primarily of severance and other personnel-related costs. hours after the call and will run for one week. a GAAP net loss per share of $0.41 in the fourth quarter of fiscal statements contained in this press release to reflect events that occur the form of stock-based compensation expense, the cash salary expense discussed in this press release, please see the section titled, “About intended to be considered in isolation or as a substitute for, or products and professional services. Inside Box Inc's 10-K Annual Report: Revenue - Product Highlight. Non-GAAP net loss and non-GAAP net loss per share. $696.26M. While Box believes RPO is a leading indicator of revenue as it represents sales activity not yet recognized in revenue, it is not necessarily indicative of future revenue growth as it is influenced by several factors, including seasonality, contract renewal timing, average contract terms and foreign currency exchange rates. by management in its financial and operational decision-making and (2) for its products, its ability to scale its business and drive operating Non-GAAP operating income in the second quarter of fiscal year 2021 was $30.1 million, or 16% of revenue. Box defines free cash flow as cash (used in) Backlog is defined as non-cancellable contracts deemed certain to be invoiced and recognized as revenue in future periods. Rpo to be invoiced and recognized as revenue in future periods to compute net loss per share results. 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