By Katherine Hamilton
Samsara narrowed its loss in the fourth quarter and beat expectations with its revenue.
The San Francisco company, which provides software to manage vehicle fleets, posted a loss of $11.2 million, or 2 cents a share, in the three months ended Feb. 1, compared with a loss of $113.4 million, or 21 cents a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were 11 cents, ahead of the 7 cents forecast by analysts, according to FactSet.
Revenue rose 25% to $346.3 million. Analysts surveyed by FactSet forecast revenue of $335.3 million.
Annual recurring revenue increased 32% to $1.46 billion.
Samsara expects revenue between $350 million and $352 million in the first quarter, compared with the $351.7 million expected by analysts. For the full year, it anticipates $1.52 billion to $1.53 billion, compared with the $1.53 billion forecast from Wall Street.
"We're operating at a rare combination of growth, scale, and profitability, and we see a large market opportunity ahead of us," Chief Executive Sanjit Biswas said.
Shares fell 11.6% to $37.00 in after-hours trading.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 06, 2025 16:35 ET (21:35 GMT)
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