Alteryx stock has trended steadily higher since it went public in March 2017. Its price hasn’t experienced any huge spike or pop that it couldn’t sustain. Instead, it has been on a stable growth trajectory that has rewarded buy-and-hold investors.
Because of the company’s bullish outlook for 2019, AYX stock should continue on this enviable path for the rest of 2019 and well into 2020. s. Chart
Wall Street was looking for Alteryx to report second-quarter revenue of $76.5 million and an adjusted net loss of $0.06 per share. Once again, the analysts were way off.
After the bell closed on July 31, Alteryx announced that revenue for the second quarter, ended June 30, advanced 59% year-over-year to $82.0 million. (Source: “Alteryx Announces Second Quarter 2019 Financial Results,” Alteryx Inc, July 31, 2019.)
The company ended the second quarter with 5,278 customers, up 34% from the second quarter of last year. During the quarter, it added 305 new customers.
Back to the financials, Alteryx reported a second-quarter net loss of $3.2 million, or $0.05 per share. That’s compared to a loss of $4.2 million, or $0.07 per share, in the same prior-year period.
It also reported adjusted net income of $0.9 million, or $0.01 per share, compared with break-even income and income per share during the second quarter of 2018.
compared with $426.2 million at the end of 2018.
Looking ahead, for the third quarter, Alteryx expects its revenue to be in the range of $88.0 to $91.0 million, representing a year-over-year increase of 41% to 45%. The company also expects its adjusted income from operations to be in the range of $5.0 to $8.0 million and its adjusted net income per share to be in the range of $0.06 to $0.09.
For full-year 2019, Alteryx raised its revenue guidance to the range of $370.0 to $375.0 million, representing year-over-year growth of between 46% and 48%. It also forecasts its adjusted net income per share for the year to be in the range of $0.44 to $0.50