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PagerDuty, Inc. has submitted its 10-Q filing for the quarterly period ended October 31, 2024.
The filing includes financial statements for the quarter, showing an increase in revenue to $118,946,000 from $108,720,000 in the same quarter the previous year. The increase is attributed to growth from existing customers.
Cost of revenue for the quarter was $20,268,000, representing 17% of revenue, compared to 18.1% in the same quarter of the previous year. This slight decrease in cost ratio is due to various operational efficiencies.
The company reported a gross profit of $98,678,000 for the quarter, compared to $89,015,000 in the previous year.
Research and development expenses remained stable at $34,267,000, while sales and marketing expenses decreased slightly to $49,272,000 from $49,630,000.
General and administrative expenses decreased to $25,432,000 from $25,955,000, primarily due to reduced costs in insurance and business taxes.
Net loss for the quarter was $6,127,000, compared to $13,090,000 in the previous year. After adjustments, net loss attributable to common stockholders was $6,558,000, compared to $15,125,000 in the previous year.
Cash provided by operating activities was $86,489,000, while cash used in investing and financing activities was $9,722,000 and $113,323,000, respectively.
PagerDuty had a working capital of $542,162,000 as of October 31, 2024. The company expects its existing cash and cash equivalents to be sufficient to support working capital and capital expenditure requirements for at least the next 12 months.
The filing also details the company's share repurchase program, under which 5,144,009 shares were repurchased, with $1.5 million remaining authorized for repurchase.
PagerDuty continues to focus on expanding its digital operations management platform and increasing its customer base, with a reported 15,050 customers as of October 31, 2024.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the PagerDuty Inc. quarterly 10-Q report dated November 27, 2024. To report an error, please email earnings@qz.com.