Increases non-GAAP profit forecasts and operating profit expectations for the year.
Revenue of $202. 4 million, 10% more year-over-year
Remaining yield bonds of $864. 8 million, a 20% increase year-over-year
Negative GAAP operating margin of 5%, an improvement of 8 problems year after year
Non-GAAP operating margin of 17%, up to 8 emissions year after year
Operating money of $94. 8 million, an increase of $32. 9 million year-over-year
Free money of $75. 9 million, up to $36. 0 million year after year
Increases forecast for fiscal year 22 from $845 million to $853 million
Launches a non-GAAP margin forecast for fiscal year 22 from 18% to 18. 5%
Box, Inc. (NYSE: BOX), a leader in content cloud, announced its monetary effects for the first quarter of fiscal year 2022, which ended april 30, 2021.
“Our Vision of Content Cloud resonates with our customers. They recognize the strategic importance of securing, automating, integrating and engaging in content, and invest in the full strength of Box,” said Aaron Levie, co-founder and CEO of Box. . ” The strategy we have implemented is working positively, as demonstrated by our strong start in fiscal year 22 and we are in a leading position and leading our next phase of growth. “
“The first quarter was a perfect start to the year, highlighted by strong turnover, RPO and earnings expansion, as well as increased profitability,” said Dylan Smith, co-founder and chief financial officer of Box. and continue to focus on successful expansion, we are well placed to drive profit expansion over time and to achieve our long-term monetary goals. “
Financial highlights for the first quarter of the year
Revenue for the first quarter of fiscal year 2022 $202. 4 million, an increase of 10% during the first quarter of fiscal year 2021.
The remaining obligations to make an advantage as of April 30, 2021 amounted to $864. 8 million, an increase of 20% in the first quarter of fiscal year 2021.
Deferred revenue as of April 30, 2021 was $423. 2 million, an increase of 15% during the first quarter of FY2021.
Turnover for the first quarter of fiscal 2022 $ 159. 4 million, an increase of 24% during the first quarter of fiscal 2021.
GAAP gross profit for the first quarter of fiscal 2022 $141. 5 million, or 70% of revenue, compared to GAAP gross profit of $129. 6 million, or 71% of revenue, in the first quarter of fiscal 2021.
Non-GAAP gross profit for the first quarter of fiscal 2022 $147. 9 million, or 73% of revenue, compared to non-GAAP gross profit of $134. 1 million, or 73% of revenue, in the first quarter of fiscal 2021.
Gaap’s operating loss in the first quarter of fiscal year 2022 $10. 3 million, or 5% of revenue, compared to a GAAP operating loss of $24. 2 million, or 13% of revenue, in the first quarter of fiscal year 2021.
Operating source of non-GAAP revenue for the first quarter of fiscal year 2022 $34. 4 million, or 17% of revenue This compares to the non-GAAP revenue operating source of $17. 2 million, or 9% of revenue, in the first quarter of fiscal 2021.
GAAP net loss consistent with consistent, fundamental and diluted percentage, in the first quarter of fiscal 2022 $0. 09 over 161. 7 million consistent with notable percentages on a weighted average This compares to a gaap net loss consistent with consistent percentage of $0. 17 in the first fiscal quarter 2021 at 151. 9 million consistent with notable percentages on weighted average.
Diluted non-GAAP earnings consistent with the consistent percentage for the first quarter of fiscal 2022 were $0. 18 This compares to non-GAAP earnings consistent with the consistent percentage of $0. 10 in the first quarter of fiscal year 2021.
Net money provided through operating activities in the first quarter of fiscal 2022 amounted to $94. 8 million, an accumulation of 53% on net operating activity money of $61. 9 million in the first quarter of fiscal 2021.
Free money in the first quarter of fiscal 2022 was positive for $75. 9 million, compared to positive loose money of $39. 9 million in the first quarter of fiscal year 2021.
For more information on non-GAAP monetary measures and key signs discussed in this press release, see “Tonon-GAAP Monetary Measures and Other Key Signs”, as well as reconciliations of non-GAAP monetary measures and secure key measures. monetary measures at the end of this press release.
Company highlights since last results
He has achieved victories and expansions with leading organizations such as DA Davidson Companies, DoorDash, IQVIA, Isuzu Motors Limited, Random Penguin House and the Tokyo Institute of Technology.
The continuous integration of the SignRequest team and the progression of Box Sign, Box’s local electronic signature capability, which is expected to take place this summer.
Improved box for Microsoft 365 to allow regular consumers to paint securely in the cloud, from anywhere. Starting with Box’s perfect fun in Microsoft environments, those updates included new security integrations, enhanced features in Teams and Office Online, and a new Box connector. for Microsoft Graph.
Announces new in-depth integrations with Cisco Webex to enable consumers to paint safely and successfully in the cloud. The new integration will allow users to create paint streams that cover any of the platforms.
Introducing a new integration with Dolby, a leader in immersive entertainment experiences, that makes production-quality audio like downloading a record in Box.
It announces more complex security features in Box to prevent accidental knowledge and content breaches in the cloud, including an enhanced auto-classification feature in Box Shield, as well as a set of identity control and permissions updates for the core product.
Announces new annotations and recommendations for box document scanning, productivity, and advanced paintings in Content Cloud.
He announced the arrival of Sébastien Marotte as the new president of Box EMEA. Sébastien will be registered with Box after more than 10 years on Google Cloud.
Recognized as one of Fortune’s generation workplaces by 2021.
Announcement of a strategic partnership with KKR, a $500 million investment led through KKR and the appointment of John Park, KKR’s head of generation equity for the Americas, to the Board of Directors.
Perspectives
The following outlook reflects the effect on Box’s desired percentage factor and the anticipated buyback of non-unusual percentages. On a quarterly basis, up to conversion of preferred percentages to non-unusual percentages, Box anticipates that a non-cash accounting will have an effect of approximately ¢ 2. 5 on PPP earnings similar to liked percentages, which Box expects to settle in non-unusual percentages. This liked percentage dividend will appear on the net source of income line on Box’s income statements and on the earnings per share note accompanying Box’s monetary statements. Please note that this liked percentage dividend will not be the net source. income reported by Box. In addition, for the quarter time and full year of fiscal 22, Box anticipates a 2-cent effect of a temporary higher number of percentages during the era between the issuance of the percentage of Like on May 12, 2021 and the buyback. expected from non-unusual percentages of Box. ts will result in an effect of four cents in EPS at the time of the quarter and nine cents in EPS for the full year.
Guidance for the second quarter of fiscal year 22: Revenue is expected to be between $211 million and $212 million. The consistency with GAAP is expected to be at least 5% to minus 4. 5%, and the margin of consistency with matching GAAP is expected to be less than 5% to minus 4. 5%. 18% to 18. 5%. The fundamental and diluted gap loss consistent with the consistent percentage is expected to be between $0. 13 and $0. 12. Non-GAAP diluted earnings consistent with the consistent percentage are expected to be between $0. 17 and $0. 18. Flow percentages are expected to be consistent with $160 million and $167 million, respectively.
Year-round Steerage for Fiscal Year 22: Revenue is expected to be between $845 million and $853 million. The consistency with GAAP is expected to be negative up to 4%, and the margin of consistency with GAAP is expected to be between 18% and 18. 5%. The fundamental and diluted GAAP loss consistent with consistent percentage is expected to be between $0. 50 and $0. 45. Diluted non-GAAP gains consistent with consistent percentage are expected to be between $0. 71 and $0. 76. The flow is expected to be approximately $154 million and $161 million, respectively.
All non-GAAP forward-looking monetary measures contained in this segment entitled “Outlook” exclude estimates of share-based repayment expenses, amortization of intangible assets and, where applicable, other special elements. The box provided a GAAP and non-GAAP earnings reconciliation consistent with consistent percentage forecasts at the end of this press release.
Information about Internet transmissions and convention calls
Box’s control team will hold a convention today from 2:00 p. m. PT / 5:00 p. m. (ET) to discuss Box’s monetary results, business highlights and long-term prospects. A live audio webcast of this call will be held on Box’s online Investor Relations page in www. box. com/investors during an era 90 days after the date of the call.
The call for the convention will be made by registering online at the http://www. directeventreg. com/registration/event/3751856 address, when enrollees will obtain the login details, as well as an access code and a registered user ID. the call will take approximately two hours after the call and will last for one week. Repetition can be accessed by composing:
1-800-585-8367 (US) But it’s not the first time And Canada), conference identification number: 3751856 1-416-621-4642 (international), Convention ID: 3751856
Box has used, and intends to continue using, its Online Investor Relations (www. box. com/investors) page, as well as some Twitter accounts (@box, @levie and @boxincir), as a means of disclosing public data. and to comply with its disclosure obligations under the FD Regulation. Information about box investor relations online page or available, those Twitter accounts or that are contained on any online page to which a link is provided here is not a component of this press release, of the coverage of Box’s Online Investor Relations page, those Twitter accounts, and all links are only inactive textual references.
This press release, monetary tables and other additional information, which adds reconciliations of non-PCGA monetary measures and secure key measures with their nearest PCGA monetary measures, can also be obtained on Box’s Investor Relations website. and observation on Box’s monetary activities and performance, Box’s presentations to the Securities and Exchange Commission, investor occasional notices and Box’s press and effects releases on Box Relations Investor’s website.
Forward-looking statements
This press release comprises forward-looking statements that involve threats, uncertainties and assumptions, adding statements related to Box’s expectations regarding the duration of its market acceptance acceptance place opportunity, its leadership position in the market acceptance place of acceptance. cloud content control market. have an effect of their acquisitions on the Box product offering in the long term, the benefits to their consumers of making acquisitions, the time required to integrate the corporations acquired in Box, the effect of the COVID-19 pandemic on their activity, their ability to expand and develop your business and improve your efficiency consistent with efficiency, your ability to meet turnover targets and billing expectations, your ability to make a profit, your ability on a quarterly or continuous basis, your cash flow, your ability to continue building unrecognized benefits and remaining functionality legal responsibilities, timing of recent and planned product launches, enhancements and integrations, short and long term good fortune, market acceptance and market acceptance, and care, features and benefits of those product introductions and enhancements, the good fortune of the associations strategic ions, your profit, turnover, gross margin, net source of profit (loss) consistent with GAAP and non-GAAP consistent with percentage, non-GAAP or consistent with long-term margins consistent with periods, the like parts of the net source of profit (loss) consistent with GAAP and non-GAAP consistent with percentage, weighted average expectations of the number of notable consistent percentages for Box’s fiscal time quarter and full year 2022 in the segment titled “Outlook” above, investment led through KKR and the realization of its prospective profits, any prospective repurchase of its consistent ordinary percentages, if, when, by what amount and through what approach (whether through a takeover bid or otherwise) the repurchase would be consummated. é, and the consistent percentage value of said redemption. There are a significant number of points that can cause the actual effects to differ materially from the statements made in this press release, adding: (1) adverse adjustments in general economic conditions or market conditions, adding those caused by the COVID-19 pandemic; (2) delays or discounts in spending on data generation; (3) Factors similar to Box’s highly competitive marketplaceplaceplacelace that add, but are not limited to, price pressures, industry consolidation, access to new competition, and new marketplaceplaceplacelace programs and projects through existing or long-term competition by Box; (4) the progression of the cloud content control market; (5) the threat that Box consumers will not renew their subscriptions, expand use of Box facilities, or adopt new products introduced through Box in a timely manner, if at all; (6) Box’s ability to offer immediate and successful enhancements, integrations, new features, and tweaks to its platform and facilities; (7) real or consistent security vulnerabilities with those perceived in Box’s facilities or any breach of Box’s security controls; (8) Box’s ability to obtain the expected benefits from its partnerships with third parties; (9) prospects have an activism effect consistent with percentage shareholders in Box’s business and are not consistent with stocks; and (10) Box’s ability to fully integrate the acquired businesses and achieve the expected benefits from such acquisitions. In addition, the initial monetary effects presented in this press release are estimates based on existing data to be kept in Box. While Box believes these estimates are significant, they may differ from the actual amounts that Box ultimately reports in its Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2021. Box assumes no legal responsibility. and it does not intend to update those estimates. before submitting your Form 10-Q for the fiscal quarter ended April 30, 2021.
Additional data on possible points that can only Box’s monetary effects are included in the Reports of Forms 10-K, 10-Q and 8-K and other documents submitted through Box with the Securities and Exchange Commission from time to time, adding the Annual Report. Form 10-K filed for the year ended January 31, 2021. These documents must be obtained from the SEC Submissions segment of the Box Investor Relations online page in www. box. com/investors. Looking at the statements contained in this press release to reflect occasions that happen or cases that happen after the date they were made.
Public procurement bid insurance
The description included herein is for informational purposes only and does not constitute a recommendation, purchase offer, or request for a purchase offer for non-unusual Box shares. If a public procurement offer is launched, if applicable, Box will record or record an offer that will provide an initial statement in Appendix TO to the SEC. to be offeringing to acquire, a similar letter of mail and another tender will be offered byinging documents) will involve vital data that must be read thoroughly before any decision related to the tender is taken. These documents will be delivered to Box shareholders at no cost to them through Box Investor Relations online page in www. boxinvestorrelations. com. , those documents (and any other documents registered with the SEC) will be forfeited from fee on the SEC’s online page in www. sec. gov.
Appropriate monetary measures and key indicators that are not PCGA
To supplement Box’s consolidated monetary statements, which are ready and filed in accordance with GAGR, Box provides investors with secure non-GAAP monetary measures and other key signs, adding non-GAAP or consistent with a source of income (loss), non-GAAP or margin-consistent, gaAP net income source (loss), non-GAAP net income source (loss), , billing, remaining functionality obligations and money flow. be in isolation or as a replacement or consistency with monetary data ready and presented in accordance with the PCGA. For more data on key monetary measures without GAAP, see reconciling non-GAAP monetary measures and key safe measures to their nearest GAAP monetary measures at the end of this press release.
Box uses those non-GAAP monetary metrics and key signs for monetary and operational decision making and as a means of comparing period-to-period comparisons. Box Control believes that those key non-GAAP monetary metrics and signals provide significant additional data on Box functionality through certain expenses that may not be representative of the recurring operating effects of Box’s core business. Box believes that both controllers and investors deserve to refer to those key non-GAAP monetary measures and metrics when comparing Box functionality and when planning, forecasting and analyzing long-term periods. Array These non-GAAP monetary metrics and key signs also facilitate internal comparisons of the control with the old Box functionality, as well as comparisons with the operational effects of Box’s competitors. Box believes that those non-GAAP monetary metrics and key signs are helpful to investors because (1) they allow for greater transparency regarding the key signs used through control in their monetary and operational resolution making, and (2) are used through Cash. institutional investors and network of analysts to help them analyze the suitability of Box’s business.
One limitation of monetary measures and key non-GSA signs is that they do not have unified definitions. In addition, Box definitions are likely to differ from definitions used through other companies, adding comparable companies and therefore comparison may be limited. Box’s non-GAAP monetary measures and key signs therefore deserve to be considered as additional to measures prepared in accordance with GAAP, not as a replacement or independent of them. In addition, in the case of a stock-based reimbursement expense, if Box did not pay a portion of the reimbursement in the form of a stock-based reimbursement expense, the payroll expense included in the operating income and expense charge would be higher, which would be Box’s Cash Position.
Non-GAAP operating profit (loss) and non-GAAP operating margin. The box defines the non-GAAP operating source of income (loss) as the operating source of income (loss) excluding expenses similar to inventory-based reimbursement (“SBC”), amortization of intangible assets and other special items where applicable. Non-GAAP operating margin is explained as non-GAAP operating profit (loss) divided by sales. While the SBC is a vital facet of reimbursement for Box workers and officers, determining the fair price of some of the stock-based tools that Box uses involves a high degree of judgment, estimation, and expense. recorded may have little resemblance to actual learned price. following the acquisition or long-term exercise of similar inventory-based awards. Also, unlike cash back, the price of inventory options, which is a component of ongoing cash back spend based on Box’s inventory, is decided using a complex formula. that incorporates factors, such as market volatility, that are beyond Box’s control. For limited inventory unit grants, the inventory-based reimbursement expense amount does not reflect the price that was ultimately earned through grant recipients. Management believes that it is useful to exclude SBC to better perceive the long-term functionality of Box’s core business and to make it less difficult to compare Box’s effects with those of comparable companies. Management also considers the amortization of intangible assets similar to the acquisition, such as the amortization of the relevant charge with the evolved generation and the names of the industry of an acquired company, as pieces that arise from the activities prior to the acquisition we decide. at the time of an acquisition. Although those intangible assets are continuously measured for impairment, amortization of the charge for purchased intangible assets is a static expense that is sometimes unaffected by operations for a specific period. In addition, Box excludes the following expenses, as it is considered that through the control they are special pieces outside the doors of the main operational effects of Box: (1) activism prices for shareholders, which come with advisory prices and services directly applicable third party professionals. , (2) expenses similar to insurance litigation, (3) expenses similar to restructuring activities, which basically consist of severance payments and other workers’ prices, and (4) expenses similar to announced acquisitions, adding transaction prices and prices discrete tax. There are no litigation expenses excluded from the non-GAAP operating source of income (loss) for any of the periods presented.
Non-GAAP net source of income (loss) and non-GAAP net source of income (loss) consistent with a consistent percentage. The box defines the net source of non-GAAP income as the net source of income (loss) GAAP excluding SBC-related expenses, amortization of intangible assets and, where applicable, other special items described in the previous paragraph. In January 2021, Box issued a total principal amount of $ 345 million of 0. 00% Convertible Notes due 2026 (the “Notes”). In the issuance, Box recorded a debt relief for the conversion function of the notes, recorded as equity, which was amortized as interest expense together with the issue prices of the notes. Tickets. Box has excluded the amortization of the debt reduction and issuance prices related to the notes, in addition to the expenses described above, as these are considered to be through control as special pieces of contrasts with conflicting results. Box base. Table followed Update of accounting criteria (“ASU”) 2020-06, Debt – Debt with translation and other characteristics (subsection 470-20) and Derivatives and coverage – Contracts on the entity’s equity (subsection 815-40), starting of February 1, 2021 and upon enactment, eliminated debt relief for the note conversion function. The box defines the net source of income (loss) consistent with the consistent non-GAAP percentage as the net source of non-GAAP income (loss) divided by the weighted average of the consistent prevailing percentages.
Billing. The invoices reflect, for a given time, (1) sales to new customers, plus (2) subscription renewals and (3) expansion within existing customers, and constitute the amounts invoiced for all professional products and services. Box calculates the turnover for an era by adding adjustments to the deferred earnings and contract assets during that era to make a profit. Box believes that billing is helping investors better perceive sales activity for a given era, which is not necessarily reflected in earnings, as Box recognizes underwriting earnings proportionally over the duration of the era. subscription. Box billing is a vital measure of functionality. Box monitors billing to manage the business, make plan decisions, evaluate functionality, and allocate resources. Box believes that billing provides more valuable data on business functionality and helps investors to perceive more sales volumes and business functionality. While Box’s billing is a significant functionality measure, Box does not consider it a non-GAAP monetary measure as it is calculated using exclusively benefits, deferred benefits, and contractual assets, all of which are measures. monetary statements calculated in accordance with GAAP.
Remaining functionality obligations. The remaining functionality obligations (“RPOs”) represent, at any given time, a contractual source of benefit that has not yet been identified. The RPO is made up of deferred earnings and order book, offset through contract assets. The order book is explained as non-cancellable contracts that are considered safe to be invoiced and identified as a source of long-term benefits. Future billing is decided to be safe when we have a non-cancellable executed contract and billing does not have a long-term occasion, such as the delivery of a new product or express function, or the fulfillment of contractual contingencies. Box believes that RPO is a leading indicator of earnings because it represents sales activity that is not yet accounted for in earnings, it is not necessarily indicative of a long-term earnings expansion because it is influenced by several factors, adding seasonality, timing contract renewal, the average contract situations. and abroad. exchange rate. Box monitors RPO to manage the business and evaluate functionality. Box’s RPO is a significant measure of functionality. Box does not consider RPO to be a non-GAAP monetary measure because it is calculated in accordance with GAAP, particularly in accordance with ASC Topic 606.
Free movement of capital. The table defines loose money flow as the flow of money from operating activities minus purchases of property, plant and equipment, capital bills on finance lease liabilities, capitalized in-house software prices, and other parts that do not require or deserve not. require a monetary agreement and that control. considered to be the core business of Outdoor Box. The box in particular identifies the adjustment items in the reconciliation of GAAP and non-GAAP monetary measures. Box insights drop money flow as a measure of profitability and liquidity that provides useful data for control and investors on the amount of money generated through the business that can potentially be used to invest in the Box business and in Box’s business. his record, however, this is not expected. to constitute the residual cash flow available for discretionary spending. The presentation of non-GAAP loose cash flow also deserves to be viewed in isolation or as an option for cash flow from operating activities as a measure of liquidity. The accompanying tables involve more main points about reconciliations of non-GAAP monetary measures and safe key parameters to their closest GAAP monetary measures.
About Box
Box (NYSE: BOX) is the first content cloud that enables companies to drive business processes, strengthen office collaboration, and protect their maximum valuable information while running with an enterprise computing stack. organizations around the world, as well as AstraZeneca, JLL and Morgan Stanley. Box is headquartered in Redwood City, California, and has offices in the United States, Europe and Asia. For more information about Box, visit http://www. box . com. To learn more about how Box enables nonprofits to fulfill their missions, visit Box. org.
BOX, INC.
CONSOLIDATED BALANCE SHEET OVERVIEW
(Thousands)
(Unaudited)
April 30
January 31
2021
2021
TRUMPS
Current assets:
Cash and money equivalents
Ps
561 459
Ps
595082
Short-term investments
50. 000
–
Accounts receivable, net
112 253
228 309
Prepaid expenses and existing assets
26 371
16 785
Deferred commissions
39 514
39 110
Total assets
789597
879 286
Property and equipment, net
146 100
160 148
Fees for using simple leases
183 401
194 253
Willingness
75 597
18 740
Non-current deferred commissions
63 487
66 481
Other long-term assets
51949
32 774
Total assets
Ps
1310131
Ps
1 351 682
COMMITMENTS AND EQUITY
Current liabilities:
Accounts payable, commissions payable and existing liabilities
Ps
34 904
Ps
32 128
Compensation and payable
20 761
39 123
Financial liabilities
47 110
49 888
Simple debts
43 881
47 771
Deferred income
406049
443 929
Total responsibility
552 705
612 839
Non-current net debt
366061
297 614
Debt lease, not current
49 877
60 351
Simple non-current debts
182 348
192 531
Other long-term liabilities
34 327
37 282
Total responsibilities
1 185 318
1 two hundred 617
capital:
Common Fund (1)
sixteen
sixteen
Issuance premium
1 462038
1 474 843
Treasury stocks
(1177
)
(1177
)
Cumulative of others of the overall result
(371
)
(938
)
Accumulated deficit
(1335 693
)
(1321 679
)
Total equity
124 813
151065
Total liabilities and equity
Ps
1. 310. 131
Ps
1 351 682
(1) As of April 30, 2021, there were 162,762 unusual Box Class A shares outstanding.
BOX, INC.
SUMMARY CONSOLIDATED INCOME STATEMENTS
(In thousands, consistent with consistent percentage data)
(Unaudited)
Three months ended
April 30
2021
2020
income
Ps
202 441
Ps
183 561
Cost of source of income (1)
60 947
53 995
Gross profit
141494
129 566
Operating expenses:
Research & (1)
50 859
53 114
Sales & (1)
69 811
72 750
General and Administrative (1)
31 087
27 942
Total expenses
151 757
153 806
Operating loss
(10 263
)
(24 240
)
Interest and expense, net
(3 999
)
(1. 103
)
Loss before provision by source of income tax
(14 262
)
(25 343
)
Provision for income source taxes
311
207
Net loss
Ps
(14 573
)
Ps
(25 550
)
Net loss consistent with stock, fundamental and diluted
Ps
(0,09
)
Ps
(0,17
)
Weighted average stocks used to calculate the stock-consistent loss, fundamental and diluted
161733
151943
(1) Includes stock-based reimbursement expenses as follows:
Three months ended
April 30
2021
2020
Cost of income
Ps
5 340
Ps
4 541
Research and development
15 453
17 287
Sales and marketing
11 551
10 079
General and administrative
9 446
8 136
Total share-based compensation
Ps
41 790
Ps
40 043
BOX, INC.
CONSOLIDATED SUMMARY CASH FLOW STATEMENTS
(Thousands)
(Unaudited)
Three months ended
April 30
2021
2020
THE CASH FLOW OF TRADING ACTIVITIES:
Net loss
Ps
(14 573
)
Ps
(25 550
)
Adjustments to reconcile loss with money provided through operational activities:
Depreciation and amortization
19 380
17 946
Share-based repayment rates
41 790
40 043
Amortization of deferred commissions
10 517
8 159
another
443
74
Changes in assets and liabilities:
Accounts receivable, net
116 835
110 367
Deferred commissions
(7 927
)
(7 695
)
Fees for using simple leases
10 852
9 713
Prepaid expenses and assets
(8 816
)
(4 925
)
Accounts payable, unpaid fees and liabilities
(11 906
)
(19 713
)
Simple debts
(13 927
)
(11 002
)
Deferred income
(47 896
)
(55 500
)
Net money from operating activities
94 772
61917
CASH FLOWS OF INVESTMENT ACTIVITIES:
Short-term purchase
(50000
)
–
Purchases of properties, plant and equipment, of the product of sales
(1. 145
)
(1 407
)
Capitalized software costs
(1. 178
)
(3 291
)
Acquisitions, money acquired
(56 642
)
–
Product of selling strategic investments
–
107
Net money used in investment activities
(108 965
)
(4 591
)
CASH FLOW OF FUNDRAISING ACTIVITIES:
Convertible debt issuance rates
(471
)
–
Borrowing charges, borrowing costs
–
three hundredninety
Inventory options training revenue
1 356
965
Revenue from non-unusual percentage problems as a component of the employee percentage acquisition plan
12 510
11 906
Payroll taxes are paid similarly to agreement on limited unit stock stocks
(15 684
)
(10 212
)
Major bills on lease debt financing
(13 262
)
(17 356
)
Capitalized software costs
(3297
)
–
Net money (used in) through financing activities
(18 848
)
15 303
Effect of exchange rate adjustments on money, money equivalents and limited money
(211
)
200
Net accumulation (decrease) of money, money and money equivalents
(33 252
)
72 829
Cash, equivalents of money and limited money, start of the period
595 511
195 586
Cash, equivalents of money and limited money, end of period
Ps
562 259
Ps
268 415
BOX, INC.
RECONCILING GAAP DATA WITH NON-GAAP DATA
(Thousands, consistent knowledge consistent with percentage and consistent with percentages)
(Unaudited)
Three months ended
April 30
2021
2020
GROSS GAAP Profit
Ps
141494
Ps
129 566
Share-based compensation
5 340
4 541
Amortization of intangible assets
901
–
Procurement-related expenses
135
–
Gross non-GAAP profit
Ps
147 870
Ps
134 107
Gross GAAP margin
70
%
71
%
Share-based compensation
3
2
Amortization of intangible assets
–
–
Procurement-related expenses
–
–
Gross margin not GAAP
73
%
73
%
GAAP loss
Ps
(10 263
)
Ps
(24 240
)
Share-based compensation
41 790
40 043
Amortization of intangible assets
901
–
Procurement-related expenses
920
–
Costs similar to shareholder activism
1050
1 402
Non-GAAP income
Ps
34 398
Ps
17 205
GAAP Margin
(5
)
%
(13
)
%
Share-based compensation
21
22
Amortization of intangible assets
–
–
Procurement-related expenses
–
–
Costs similar to shareholder activism
1
–
Non-GAAP margin
17
%
9
%
GAAP loss
Ps
(14 573
)
Ps
(25 550
)
Share-based compensation
41 790
40 043
Amortization of intangible assets
901
–
Acquisition-related expenses
920
–
Costs similar to shareholder activism
1050
1 402
Amortization of debt issuance costs
469
–
Non-GAAP income
Ps
30 557
Ps
15 895
GaAP loss consistent with action, fundamental and diluted
Ps
(0,09
)
Ps
(0,17
)
Share-based compensation
0,26
0,26
Amortization of intangible assets
–
–
Procurement-related expenses
0,01
–
Costs similar to shareholder activism
0,01
0,01
Amortization of debt issuance costs
–
–
Non-GAAP gains consistent with stocks, basic
Ps
0,19
Ps
0,10
Non-GAAP benefits consistent with action, diluted
Ps
0,18
Ps
0,10
Weighted average stocks used to calculate GAAP loss consistent with stock, fundamental and diluted
161733
151943
Weighted average stocks used to calculate non-GAAP gains consistent with the stock
basic
161733
151943
diluted
169 221
157 608
Net money from operating activities
Ps
94 772
Ps
61917
Purchases of properties, plant and equipment, of the product of sales
(1. 145
)
(1 407
)
Major bills on lease debt financing
(13 262
)
(17 356
)
Capitalized software costs
(4 475
)
(3 291
)
Free of capital
Ps
75 890
Ps
39 863
Net money used in investment activities
Ps
(108 965
)
Ps
(4 591
)
Net money (used in) through financing activities
Ps
(18 848
)
Ps
15 303
BOX, INC.
CONCILIATION OF GAAP INCOME TO BILLING
(Thousands)
(Unaudited)
Three months ended
April 30
2021
2020
GAAP Revenue
Ps
202 441
Ps
183 561
Deferred income, end of period
423 249
368 349
Less: deferred income, beginning of period
(465 613
)
(423 849
)
Contract assets, beginning of the period
25
–
Less: contract assets, end of period
(677
)
–
billing
Ps
159 425
Ps
128 061
CONNECTING GAAP NET LOSS WITH NON-GAAP NET EARNINGS PER SHARE
(In thousands, consistent with consistent percentage data)
(Unaudited)
Three months ended
Prosecutor completed
July 31, 2021
January 31, 2022
GAAP loss consistent with diversity of actions, fundamental and diluted
Ps
(0,13
)
–
Ps
(0,12
)
$
(0,50
)
–
Ps
(0,45
)
Share-based compensation
0,28
0,28
1,15
1,15
Amortization of intangible assets
0,01
0,01
0,03
0,03
Acquisition-related expenses
–
–
0,01
0. 01
Costs similar to shareholder activism
0,02
0,02
0,03
0,03
Legal expenses
–
–
0,01
0,01
Amortization of debt issuance costs
–
–
0. 01
0,01
Non-GAAP gains consistent with stocks, basic
Ps
0,18
–
Ps
0,19
Ps
0,74
–
Ps
0,79
Non-GAAP benefits consistent with action, diluted
Ps
0,17
–
Ps
0,18
Ps
0,71
–
Ps
0,76
Weighted average stocks used to calculate GAAP loss consistent with stock, fundamental and diluted
159,739
153768
Weighted average shares used to calculate non-GAAP gains consistent with participation:
basic
159 739
153768
diluted
166 540
160 616
See the edition in businesswire. com: https://www. businesswire. com/news/home/20210527005778/fr/
Contacts
Contacts
Investors: Elaine Gaudioso 1650-209-3463ir@box. com
Media: Denis Roy and Rachel Levine 1650-543-6926press@box. com