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Fast growth, volatile stock
Data analytics companies garnered a lot of attention in 2019. Google parent Alphabet purchased Looker for $2.6 billion, and salesforce.com bought industry leader Tableau for $15.7 billion. And those left over notched massive growth. Alteryx specifically ended 2019 having brought in $418 million in revenue, a 65% increase. Pretty impressive, especially considering it built on a 55% revenue gain in 2018.
In the early days of the pandemic, Alteryx started the new decade strong. Sales grew by a massive amount again year over year, and the software platform continued operating at an exceptionally high gross profit margin (revenue less cost of the service). The dollar-based net expansion rate was 128%, implying that in addition to the company signing up new customers, existing ones spent an average 28% more with Alteryx than they did a year ago.
Metric | Full Year 2019 | Full Year 2018 | Change |
|---|---|---|---|
Revenue | $109 million | $76.0 million | 43% |
Adjusted gross profit margin | 91.3% | 90.5% | (0.8 pp) |
Adjusted net income (loss) | ($6.45 million) | $2.99 million | N/A |
Free cash flow | $15.0 million | $14.5 million | 3% |
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