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May 22, 2015 8:36 AM ET

Internet Software and Services

Company Overview of New Relic, Inc.

Company Overview

New Relic, Inc., a software-as-a-service company, provides software analytics products worldwide. The company’s cloud-based suite of products enables organizations to collect, store, and analyze massive amounts of software data in real time. It provides New Relic application performance management that offers visibility into the performance and usage of server-based applications, as well as collects response time, transaction throughput, error rates, top transactions, and user satisfaction data; New Relic mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic servers for the vi...

188 Spear Street

Suite 1200

San Francisco, CA 94105

United States

Founded in 2007

Phone:

650-777-7600

Key Executives for New Relic, Inc.

Founder, Chief Executive Officer and Director
Age: 44
Total Annual Compensation: $240.0K
President and Chief Operating Officer
Age: 52
Total Annual Compensation: $268.8K
Chief Financial Officer
Age: 49
Total Annual Compensation: $243.8K
Chief Marketing Officer
Age: 39
Total Annual Compensation: $239.8K
Compensation as of Fiscal Year 2014.

New Relic, Inc. Key Developments

New Relic, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015; Provides Earnings Guidance for the First Quarter of 2016 and Full Year 2016

New Relic, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported revenue of $33,388,000 against $19,843,000 a year ago. Loss from operations was $14,692,000 against $9,505,000 a year ago. Loss before income taxes was $14,806,000 against $9,755,000 a year ago. Net loss was $14,825,000 against $9,755,000 a year ago. Net loss per share attributable to common stockholders, basic and diluted was $0.32 against $0.62 a year ago. Non-GAAP operating loss was $10,194,000 against $6,538,000 a year ago. Non-GAAP net loss attributable to common stockholders was $10,327,000 or $0.22 per basic and diluted share against $6,788,000 or $0.18 per basic and diluted share a year ago. For the full year, the company reported revenue of $110,391,000 against $63,174,000 a year ago. Loss from operations was $49,916,000 against $39,436,000 a year ago. Loss before income taxes was $50,234,000 against $40,225,000 a year ago. Net loss was $50,149,000 against $40,225,000 a year ago. Net loss per share attributable to common stockholders, basic and diluted was $1.98 against $2.58 a year ago. Net cash used in operating activities was $13,621,000 against $20,713,000 a year ago. Purchases of property and equipment were $12,628,000 against $9,758,000 a year ago. Capitalized software development costs were $9,017,000 against $5,199,000 a year ago. Non-GAAP operating loss was $36,178,000 against $28,027,000 a year ago. Non-GAAP net loss attributable to common stockholders was $36,411,000 or $0.85 per basic and diluted share against $28,816,000 or $0.78 per basic and diluted share a year ago. For the first quarter of fiscal 2016, the company expected revenue between $34.5 million and $35.5 million, representing year-over-year growth of between 53% and 57%, non-GAAP loss from operations of between $11.0 million and $12.0 million and non-GAAP net loss per share of between $0.23 and $0.26. This assumes 47.3 million non-GAAP weighted average common shares outstanding. For the fiscal 2016, the company expected revenue between $155.0 million and $159.0 million, representing year-over-year growth of between 40% and 44%, non-GAAP loss from operations of between $46.0 million and $50.0 million and non-GAAP net loss per share of between $0.95 and $1.03. This assumes 49.0 million non-GAAP weighted average common shares outstanding. The company continue to expect gross margins to moderate in the near term and range around 79% to 80% in fiscal 2016 as the company invests to support recent product releases.

Patrick Moran Notifies New Relic, Inc. to Resign as Chief Marketing Officer, Effective as of July 1, 2015

New Relic, Inc. announced that Patrick Moran notified the company that he is resigning as Chief Marketing Officer of the company, effective as of July 1, 2015, and that he plans to work with emerging leaders as an entrepreneur-in-residence at Benchmark Capital.

New Relic, Inc., Q4 2015 Earnings Call, May 12, 2015

New Relic, Inc., Q4 2015 Earnings Call, May 12, 2015

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