CrowdStrike said total revenue for 2024 rose $814.3 million, or 36%, from 2023. The company cited new customer additions and the sale of additional sensors and modules to existing customers as drivers of higher subscription revenue.

1. 01

   CrowdStrike said total revenue for 2024 rose $814.3 million, or 36%, from 2023. The company cited new customer additions and the sale of additional sensors and modules to existing customers as drivers of higher subscription revenue.

2. 02

   The company said sales and marketing expenses for 2024 rose $236.2 million (26%), research and development expenses rose $160.1 million (26%), and general and administrative expenses rose $75.4 million (24%). The comparison period is fiscal 2023.

3. 03

   CrowdStrike said net cash provided by operating activities in fiscal 2024 was $1.2 billion. Net income of $90.6 million was adjusted for non-cash expenses of $1.0 billion, including stock-based compensation expense of $631.5 million, and net cash inflow of $51.5 million from changes in operating assets and liabilities.

4. 04

   The company said that as of January 31, 2024, it held cash and cash equivalents of $3.4 billion and short-term investments of $99.6 million. It also said deferred revenue at that date was $3.1 billion, of which $2.3 billion was recorded as a current liability.

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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