April 22, 2018 11:06 PM ET

Internet Software and Services

Company Overview of Box, Inc.

Company Overview

Box, Inc. provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company’s Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features. Box, Inc. offers its solution in 23 languages. It serves healthcare and life sciences, financial services, legal services, media and entertainment, retail, education, and energy industries, as well as government sector primarily in the United States. The company was ...

900 Jefferson Avenue

Redwood City, CA 94063

United States

Founded in 2005

1,784 Employees

Phone:

877-729-4269

Key Executives for Box, Inc.

CEO, Co-Founder & Chairman
Age: 32
Total Annual Compensation: $180.0K
CFO, Co-Founder & Director
Age: 31
Total Annual Compensation: $300.0K
Senior Vice President, General Counsel and Corporate Secretary
Age: 52
Total Annual Compensation: $335.0K
Compensation as of Fiscal Year 2017.

Box, Inc. Key Developments

Box, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2018; Provides Earnings Guidance for the Quarter Ending April 30, 2018 and Year Ending January 31, 2019

Box, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended January 31, 2018. For the quarter, the company reported revenue was $136,675,000 against $109,926,000 a year ago. Loss from operations was $32,487,000 against $36,393,000 a year ago. Loss before provision for income taxes was $32,469,000 against $36,633,000 a year ago. Net loss was $32,665,000 against $36,877,000 a year ago. Net loss per share, basic and diluted was $0.24 against $0.28 a year ago. Net cash provided by operating activities was $48,710,000 against $14,721,000 a year ago. Purchases of property and equipment were $7,022,000 against $1,317,000 a year ago. Non-gaap operating loss was $7,500,000 against $12,659,000 a year ago. Non-gaap net loss was $7,678,000 against $13,143,000 a year ago. Non-gaap net loss per share, basic and diluted was $0.06 against $0.10 a year ago. For the full year, the company reported revenue was $506,142,000 against $398,605,000 a year ago. Loss from operations was $154,021,000 against $150,655,000 a year ago. Loss before provision for income taxes was $154,245,000 against $150,873,000 a year ago. Net loss was $154,960,000 against $151,787,000 a year ago. Net loss per share, basic and diluted was $1.16 against $1.19 a year ago. Net cash provided by operating activities was $61,822,000 against net cash used in operating activities of $1,218,000 a year ago. Purchases of property and equipment were $11,822,000 against $14,956,000 a year ago. Non-gaap operating loss was $56,017,000 against $70,595,000 a year ago. Non-gaap net loss was $56,956,000 against $71,727,000 a year ago. Non-gaap net loss per share, basic and diluted was $0.43 against $0.56 a year ago. For the quarter ending April 30, 2018, Under ASC 606, revenue would be expected to be in the range of $139 million to $140 million. Under ASC 605, the prior revenue recognition standard, revenue would be expected to be in the range of $142 million to $143 million. Under ASC 606, GAAP and non-GAAP basic and diluted loss per share would be expected to be in the range of $0.28 to $0.27 and $0.09 to $0.08, respectively, based on the expected weighted average basic and diluted shares outstanding of approximately 139 million. Under ASC 605, GAAP and non-GAAP basic and diluted loss per share would be expected to be in the range of $0.28 to $0.27 and $0.09 to $0.08, respectively, based on the expected weighted average basic and diluted shares outstanding of approximately 139 million. For the year ending January 31, 2019, Under ASC 606, revenue would be expected to be in the range of $602 million to $608 million. Under ASC 605, the prior revenue recognition standard, revenue would be expected to be in the range of $613 million to $619 million. Under ASC 606, GAAP and non-GAAP basic and diluted loss per share would be expected to be in the range of $1.02 to $0.98 and $0.20 to $0.16, respectively, based on the expected weighted average basic and diluted shares outstanding of approximately 141 million. Under ASC 605, GAAP and non-GAAP basic and diluted loss per share would be expected to be in the range of $1.10 to $1.06 and $0.28 to $0.24, respectively, based on the expected weighted average basic and diluted shares outstanding of approximately 141 million.

Box, Inc. Presents at Morgan Stanley Technology, Media & Telecom Conference, Mar-01-2018 10:10 AM

Box, Inc. Presents at Morgan Stanley Technology, Media & Telecom Conference, Mar-01-2018 10:10 AM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, California, United States. Speakers: Aaron Levie, CEO, Co-Founder & Chairman, Dylan Smith, CFO, Co-Founder & Director.

Box and Palo Alto Networks Strengthen Integration to Protect the Extended Enterprise

Box and Palo Alto Networks announced the expansion of their existing integration to now automatically classify sensitive content and enforce policies to prevent users from accidentally or intentionally sharing confidential information. The integration, offered through Box Governance, is the result of partnerships between Box and Palo Alto Networks, as well as other cybersecurity leaders. Palo Alto Networks Aperture™ SaaS security service delivers complete visibility and granular enforcement across all user and data activity within enterprise SaaS applications like Box, providing detailed analysis and analytics on usage without requiring any additional hardware or software.

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