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Samsara Inc. Class A (IOT+1.79%) has submitted its Form 10-Q filing for the quarterly period ended November 2, 2024.
The filing reports a revenue increase to $321,981,000 for the quarter, up from $237,534,000 in the same quarter of the previous year, representing a 36% increase.
Cost of revenue for the quarter was $76,027,000, up from $61,585,000, resulting in a gross profit of $245,954,000 compared to $175,949,000 in the prior year.
Research and development expenses increased to $76,990,000 from $60,820,000, while sales and marketing expenses rose to $150,065,000 from $116,780,000.
General and administrative expenses were reported at $62,660,000, an increase from $48,354,000 in the previous year.
The company recorded a net loss of $37,806,000 for the quarter, compared to a net loss of $45,531,000 in the same period last year.
Cash provided by operating activities was $77,800,000, with cash used in investing activities totaling $67,103,000.
Samsara's balance sheet shows total assets of $1,863,868,000 and total liabilities of $864,733,000 as of November 2, 2024.
The filing includes forward-looking statements and outlines risks such as macroeconomic conditions and competition.
Samsara continues to focus on expanding its customer base and enhancing its Connected Operations Cloud.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Samsara Inc. Class A quarterly 10-Q report dated December 10, 2024. To report an error, please email earnings@qz.com.