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Alteryx investor deck feb 2018 final
- 2. © 2018 Alteryx, Inc.
SAFE HARBOR
This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of terminology such as
“believe,” “may,” “will,” “intend,” “expect,” “plan,” “anticipate,” “estimate,” “potential,” or “continue,” or other comparable terminology. All statements other than statements of historical fact could be deemed forward-looking,
including any projections of product availability, growth and financial metrics and any statements regarding product roadmaps, strategies, plans or use cases. Although Alteryx believes that the expectations reflected in any of
these forward-looking statements are reasonable, these expectations or any of the forward-looking statements could prove to be incorrect, and actual results or outcomes could differ materially from those projected or assumed in
the forward-looking statements, including, but not limited to, as a result of: our limited operating history under our current business model; our ability to manage our growth effectively; the rate of growth in the market for
analytics products and services; our ability to attract new customers and expand sales to existing customers; our ability to develop and release product and service enhancements and new products and services to respond to rapid
technological change in a timely and cost-effective manner; intense and increasing competition in our market; our ability to develop, maintain, and enhance our brand and reputation cost-effectively; our ability to expand our sales
force and the effectiveness of our sales force; our ability to establish and maintain successful relationships with our channel partners; risks associated with our international operations; litigation and related costs; and other general
market, political, economic and business conditions. Alteryx’s future financial condition and results of operations, as well as any forward-looking statements, are subject to risks and uncertainties, including but not limited to the
factors set forth above, in Alteryx’s press releases, public statements and/or filings with the Securities and Exchange Commission, especially the “Risk Factors” section of Alteryx’s most recent Quarterly Report on Form 10-Q.
These documents and others containing important disclosures are available at www.sec.gov or in the “Investors” section of Alteryx’s website at www.alteryx.com. All forward-looking statements are made as of the date of this
presentation and Alteryx assumes no obligation to update any such forward-looking statements.
This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and
limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions, and estimates of our future performance and the future performance of the markets in which we operate are
necessarily subject to a high degree of uncertainty and risk.
In addition to the financials presented in accordance with U.S. generally accepted accounting principles (GAAP), this presentation includes certain non-GAAP financial measures. The non-GAAP financial measures have
limitations as analytical tools and you should not consider them in isolation or as a substitute for the most directly comparable financial measures prepared in accordance with GAAP. There are a number of limitations related to
the use of these non-GAAP financial measures versus their nearest GAAP equivalents. Other companies, including companies in our industry, may calculate non-GAAP financial measures differently or may use other measures to
evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. We urge you to review the reconciliation of our non-GAAP financial measures to the most
directly comparable GAAP financial measures set forth in the Appendix, and not to rely on any single financial measure to evaluate our business.
Any unreleased services or features referenced in this or other presentations, press releases or public statements are only intended to outline Alteryx’s general product direction. They are intended for information purposes only,
and may not be incorporated into any contract. This is not a commitment to deliver any material, code, or functionality (which may not be released on time or at all) and customers should not rely upon this presentation or any
such statements to make purchasing decisions. The development, release, and timing of any features or functionality described for Alteryx’s products remains at the sole discretion of Alteryx.
Alteryx, the Alteryx logo, Alteryx Designer, Alteryx Server, Alteryx Analytics Gallery, and other registered or common law trade names, trademarks, or service marks of ours appearing in this presentation are our property. The
presentation contains additional trade names, trademarks, and service marks of other companies, including, but not limited to, our customers, technology partners, and competitors, that are the property of their respective owners.
We do not intend our use or display of other companies' trade names, trademarks, or service marks to imply a relationship with, or endorsement or sponsorship of us by, these other companies.
- 3. © 2018 Alteryx, Inc.
S U B H E A D L I N E G O E S H E R E L O R E M I P S U M
DEAN STOECKER
CHAIRMAN AND CE O, CO - FOUNDE R
- 4. © 2018 Alteryx, Inc.
CONTINUED MOMENTUM IN 2017
PLATFORM EXTENSIONS ACQUISITIONSFINANCIAL UPDATE
ALTERYX PROMOTE
4
Enabling both the Citizen Data
Scientist and Trained Statistician
Acquired May 2017
Making Finding and Accessing
Information as Simple as Possible
Acquired January 2017
ALTERYX CONNECT
Collaborative data exploration platform for
discovering information assets and sharing
recommendations across the enterprise
GAAugust 2017
131%
Dollar-Based
Net Revenue Retention3
$132M
LTM Revenue1
(1) LTM Revenue for the last twelve months ended December 31, 2017.
(2) Revenue growth represents 2017 Y/Y growth from 2016.
(3) Represents dollar-based net revenue retention rate for the three months ended December 31, 2017. Dollar-based net revenue retention is a trailing four-quarter average of the subscription revenue from a cohort of customers in a quarter as compared to the same
quarter in the prior year. See the Appendix for more information.
(4) Currently under development.
53%
Revenue Y/Y Growth2
Providing organizations with a reliable
architecture for deploying and managing
advanced analytic models
Expected GA Q1 2018
- 5. © 2018 Alteryx, Inc.
© 2018 Alteryx, Inc.
D I S C O V E R
+ S H A R E
P R E P +
B L E N D
A N A L Y Z E
+ M O D E L
D E P L O Y +
M A N A G E
THE ALTERYX ANALYTICS PLATFORM
FOR THE ENTERPRISE
DATA & ANALYTICS CULTURE
COMMUNITY
- 6. © 2018 Alteryx, Inc.
UNIFIED PLATFORM SUPPORTS BUSINESS
ANALYST AND DATA SCIENCE USE CASES
All Purpose Data Workbench
- Drag and drop UI for workflow creation
- Prep, blend and analyze for most any use case
- 200+ tools for wide array of data work
- Simple yet sophisticated tool configuration
- Global search for community support
High Performance for Big Data
- In-memory compute for scale and performance
- Extensive In-DB platform support
- SQL & XML editor
- Access SAS/SPSS data files
- HDFS / Hive / Big Data platforms support
Algorithmic Support via API’s
- Build new R scripts or import R packages
- Run Python scripts in workflows
- Publish RESTful API’s for predictive models
- Broad range of preconfigured R models
- Complete toolset for spatial analytics
- Leverage models from Data Scientists
Data Science for the Masses
CODE-FREE ANALYTICS
FOR THE CITIZEN DATA SCIENTIST
CODE-FRIENDLY ANALYTICS
FOR THE CITIZEN DATA SCIENTIST
- 7. © 2018 Alteryx, Inc.
LTM
Revenue1
(1) Financial results for the last twelve months ended December 31, 2017.
(2) Revenue growth represents 2017 Y/Y growth from 2016.
(3) Financial results for the quarter ended December 31, 2017.
(4) Represents dollar-based net revenue retention rate for the three months ended December 31, 2017. Dollar-based net revenue retention is a trailing four-quarter average of the subscription revenue from a cohort of customers in a quarter as compared to the same quarter in the prior year. See the
Appendix for more information.
(5) Customer data is as of December 31, 2017. A customer at the end of any particular period is defined as an entity with a subscription agreement that runs through the current or future period as of the measurement date. A single organization with separate subsidiaries, segments, or divisions that use
our platform may represent multiple customers, as we treat each entity that is invoiced separately as a single customer.
(6) IDC, Worldwide Big Data and Analytics Software Forecast, 2017-2021, July 2017 (the “July 2017 IDC Report”). IDC, The State of Self-Service Data Preparation and Analysis Using Spreadsheets (Commissioned by Alteryx), December 2016 (the "December 2016 IDC Commissioned Report").
Combines the existing market estimates for business intelligence and analytic tools, analytic data integration, and spatial information analysis markets in 2016 of $19 billion as provided in the July 2017 IDC Report, with our internal estimate of the spend associated with 21 million spreadsheet users
worldwide that will work on advanced data preparation and analytics in 2016 as provided in the December 2016 IDC Commissioned Report.
Revenue
Y/Y Growth2
Subscription
Revenue3
Dollar-Based Net
Revenue Retention4
Total
Customers5
Estimated $29B
total market in 20166
Compelling land
and expand model
KEY HIGHLIGHTS
A leading analytics platform for
the enterprise
$132M 53% 95%+ 131% ~3,400
- 8. © 2018 Alteryx, Inc.
DIVERSE BLUE CHIP CUSTOMER BASE
S.A.
Singapore
RETAIL RESTAURANTS
CONSUMER
PRODUCTS
ENERGY AND
UTILITIES
HEALTHCARE
TELECOM/CABLE MEDIA
PROFESSIONAL
SERVICES
MANUFACTURING
FINANCIAL
SERVICES
TRAVEL AND
HOSPITALITY
TECHNOLOGY
- 9. © 2018 Alteryx, Inc.
MANAGING DATA ASSETS IS A CHALLENGE
hours per week equivalent spent by advanced
spreadsheet users doing repetitive manual tasks
in spreaksheets3
(1) Alteryx, Lack of Data Blending Capability is Costing Time and Money.
(2) Harvard Business Review, Data Blending: A Powerful Method for Faster, Easier Decisions (sponsored by Alteryx), August 2015.
(3) December 2016 IDC Report.
94%
26
60%+of organizations use
multiple sources for their data1
have FIVE or more
different data sources2
- 10. © 2018 Alteryx, Inc.
Data Prep & Blending is the Foundation for All Levels of Analytics
- 11. © 2018 Alteryx, Inc.
Predictive and
Spatial Analytics
Production and
Output Creation
Analytic coding App creationData quality tool
Access, Cleanse,
and Prepare Data
Data integration tool
Blend Data
TRADITIONAL METHODS ARE BROKEN
Slow, long process Multiple tools
and process steps
Expensive software
and labor
IT STAFF DATA SCIENTISTS LINE-OF-BUSINESS
- 12. © 2018 Alteryx, Inc.
ALTERYX PLATFORM: INTUITIVE AND COMPREHENSIVE SELF-SERVICE EXPERIENCE
TalendInformatica Paxata Trifacta SPSS SAS Microsoft TableauQlik
Analytic coding App creationData quality tool Data integration tool
UNIFYING THE ANALYTICS EXPERIENCE
Predictive and
Spatial Analytics
Production and
Output Creation
Access, Cleanse,
and Prepare Data
Blend Data
IT STAFF DATA SCIENTISTS LINE-OF-BUSINESS
Connect to Data Select Data Summarize Data Analyze Data Output Data
Connect to Data Sort and Filter Data Report on Data Browse Data
T
F
R
L L
J
R
O
RBlend Data
- 13. © 2018 Alteryx, Inc.
ALTERYX ANALYTICS PLATFORM
FOR THE ENTERPRISE
Oracle
Oracle
SAS
ALTERYX PLATFORM
Enrich
Prep / Blend Analyze Share
DESIGNER SERVER
OUTPUTINPUT
- 14. © 2018 Alteryx, Inc.
ALTERYX DESIGNER
Prep and
Blend Data
REPEATABLE WORKFLOW FOR SELF-SERVICE DATA ANALYTICS
App
Creation
Predictive
Analytics
Spatial
Analytics
Connect to Data Select Data Summarize Data Analyze Data Output Data
Connect to Data Sort and Filter Data
Blend Data
Report on Data Browse Data
T
F
R
L L
J
R
O
R
- 15. © 2018 Alteryx, Inc.
ALTERYX CONNECT
COLLABORATIVE DATA EXPLORATION PLATFORM
Find
Information
Amplify
Insights
Improve Business
Results
- 16. © 2018 Alteryx, Inc.
ALTERYX SERVER
ADMINISTRATION,
MONITORING AND
GOVERNANCE
Automation and Scheduling
Harvesting, loading, metadata
cataloging and data refresh
APIs, SDK, and web services
WEB INTERFACE
FOR SHARING
APPS/API’S
Built in security, data access and
version control
SCALABLE PLATFORM TO DEPLOY AND SHARE
MODEL
MANAGEMENT
AND DEPLOYMENT
Easily productionize predictive and
advanced decision making API’s
ALTERYX
CONNECT
ALTERYX
GALLERY
ALTERYX
PROMOTE
- 17. © 2018 Alteryx, Inc.
LUBRICANTS SUPPLY CHAIN
CARBON CAPTURE & STORAGE
UPSTREAM OPERATIONS
TRADING COMPLIANCE
EXPLORATION
DOWNSTREAM RETAIL
- 18. © 2018 Alteryx, Inc.
LARGE AND GROWING MARKET OPPORTUNITY
21 mm Spreadsheet Users
who work on advanced data prep
and analytics in 20162
$10B
3
MARKET ESTIMATES FOR
20161
ADDITIONAL ESTIMATED
SPEND
$19BBI and Analytic Tools, Analytic Data
Integration, and Spatial Information
Analysis Markets (2016)
$49BWorldwide Big Data and Analytics
Software Market (2016)
(1) July 2017 IDC Report.
(2) December 2016 Report Commissioned by Alteryx.
(3) Internal estimate of the spend associated with 21 million spreadsheet users worldwide that will work on advanced data preparation and analytics in 2016 as provided in the December 2016 IDC Report.
- 19. © 2018 Alteryx, Inc.
WHY ALTERYX?
Repeatable,
Automated
Workflow
MINUTES TO
HOURS -
NOT DAYS
TO WEEKS
NO
CODING
ADVANCED
ANALYTICS
VOLUME +
VARIETY OF
DATA
ANALYTICS
AT SCALE
REPEATABLE
AUTOMATED
WORKFLOW
- 20. © 2018 Alteryx, Inc.
BUSINESS VALUE MATRIX1
Legacy
Business Intelligence
Business User
Workbench
Data Science
Workbench
Data Science
Automation
COMPLETENESSOFANALYSIS
EASE OF USE
Stand Alone Data Prep + Metadata Management
SAP
Oracle
Domino
SAS
SPSS
Informatica Alation
Excel
Tableau
PowerBI
Qlik
END-TO-END
ANALYTICS PLATFORM
FOR THE ENTERPRISE
1) Based on internal company estimates/analysis.
- 21. © 2018 Alteryx, Inc.
MULTIPLE DRIVERS OF FUTURE GROWTH
Deepen User
Community
Grow
Channel
Ecosystem
Extend
Our Value
Proposition
Grow Into
International
Markets
Expand
Current
Customer
Base
Increase
Customer
Base
- 22. © 2018 Alteryx, Inc.
EXPERIENCED TEAM OF LEADERS AND
INNOVATORS
MANAGEMENT TEAM
BOARD OF DIRECTORS
Langley Eide
Chief Strategy Officer
ServiceNow / Morgan Stanley
Ned Harding
Chief Technology Officer
Co-Founder
Olivia Duane
Adams
Chief Customer Officer
Co-Founder
Dean Stoecker
Chairman and CEO
Co-Founder
Kevin Rubin
Chief Financial
Officer
MSC Software
Seth Greenberg
Chief Marketing
Officer
LifeLock / Intuit
Jay Bourland
SVP, Engineering
Pitney Bowes
Chris Lal
SVP, General Counsel and
Secretary
Tilly’s / O’Melveny & Myers
Scott Jones
Chief Revenue Officer
Tableau / SAP
Dean Stoecker
Alteryx
Chuck Cory
Morgan Stanley (Retired)
Kimberly Alexy
Alexy Capital Management
FireEye (Board Member)
Jeff Horing
Insight Venture Partners
John Bellizzi
Thomson Reuters
Jai Das
Sapphire Ventures
Timothy I. Maudlin
Medical Innovation Partners (Retired)
WEB.com (Board Member)
Eileen Schloss
Medidata Solutions (Retired)
- 23. © 2018 Alteryx, Inc.
S U B H E A D L I N E G O E S H E R E L O R E M I P S U M
KEVIN RUBIN
CHIE F FINANCIAL OFFICE R
- 24. © 2018 Alteryx, Inc.
Subscription
Revenue2
(1) Revenue growth represents 2017 Y/Y growth from 2016.
(2) Financial results for the quarter ended December 31, 2017.
(3) Represents dollar-based net revenue retention rate for the three months ended December 31, 2017. Dollar-based net revenue retention is a trailing four-quarter average of the subscription revenue from a cohort of customers in a quarter as compared to the same quarter in the prior year. See the
Appendix for more information.
(4) See the Appendix for a reconciliation between GAAP and non-GAAP financial measures.
(5) Customer data is as of December 31, 2017. A customer at the end of any particular period is defined as an entity with a subscription agreement that runs through the current or future period as of the measurement date. A single organization with separate subsidiaries, segments, or divisions that use
our platform may represent multiple customers, as we treat each entity that is invoiced separately as a single customer.
Revenue
Y/Y Growth1
Non-GAAP
Gross Margin4
Dollar-Based Net
Revenue Retention3
Total
Customers5
BUSINESS OVERVIEW
53% 95%+ 85%131% ~3,400
STRONG
GROWTH
HIGHLY VISIBLE
BUSINESS MODEL
LAND AND EXPAND
GO-TO-MARKET
ATTRACTIVE
MARGINS
LARGE AND DIVERSE
CUSTOMER BASE
- 25. © 2018 Alteryx, Inc.
OUR BUSINESS MODEL
DOWNLOAD-
ABLE
SOFTWARE
Designer Server
SUBSCRIPTION
LICENSE, BILLED
ANNUALLY (1-3
YR CONTRACTS)
EFFICIENT
CUSTOMER
ACQUISITION
MODEL, SHORT
SALES CYCLE
LAND AND
EXPAND
MODEL
OPPORTUNITY
TO UPSELL
ADDITIONAL
LICENSES
INTO
CUSTOMER
BASE
- 26. © 2018 Alteryx, Inc.
STRONG REVENUE GROWTH
$38
$54
$86
$132
2014 2015 2016 2017
$15
$18
$20
$22
$25
$29
$30
$34
$39
Q4 '15 Q1 '16 Q2 '16 Q3 '16 Q4 '16 Q1 '17 Q2 '17 Q3 '17 Q4 '17
% Y/Y
Growth
42% 59% 53%
55% REVENUE
Y/Y GROWTH
REVENUE
CAGR: 51%
53%
REVENUE
Y/Y GROWTH
FYE December 31 | $ in millions
- 27. © 2018 Alteryx, Inc.
760
961
1,140
1,398
1,578
1,834
2,047
2,328
2,565
2,823
3,054
3,392
Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q2 '16 Q3 '16 Q4 '16 Q1 '17 Q2 '17 Q3 '17 Q4'17
COMPELLING CUSTOMER GROWTH
Note: A customer at the end of any particular period is defined as an entity with a subscription agreement that runs through the current or future period as of the measurement date. A single organization with separate subsidiaries, segments, or divisions that use our platform may represent multiple
customers, as we treat each entity that is invoiced separately as a single customer.
46%
Y/Y GROWTH
- 28. © 2018 Alteryx, Inc.
123%
124%
125%
122%
126%
127%
129%
135%
133%
134%
133%
131%
2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017
STRONG DOLLAR-BASED NET REVENUE
RETENTION
Q1 Q3Q2 Q4
Note: Dollar-based net revenue retention rate is a trailing four-quarter average of the subscription revenue from a cohort of customers in a quarter as compared to the same quarter in the prior year. See the Appendix for more information.
- 29. © 2018 Alteryx, Inc.
IMPROVING LEVERAGE
(36)%
(23)%
(5)%
2015 2016 2017
NON-GAAP OPERATING MARGIN1,2
NET CASH (USED IN) PROVIDED BY
OPERATING ACTIVITIES MARGIN1
(15)%
(7)%
14%
FYE DECEMBER 31
(1) Margins calculated as a % of Revenue.
(2) See the Appendix for a reconciliation between GAAP and non-GAAP financial measures.
2015 2016 2017
- 30. © 2018 Alteryx, Inc.
DRIVING TOWARDS PROFITABILITY
NON-GAAP % OF REVENUE 2015 2016 2017
Gross Margin 81% 81% 85%
Research and Development 20% 20% 21%
Sales and Marketing 79% 66% 49%
General and Administrative 18% 19% 20%
Operating Margin (36)% (23)% (5)%
FYE DECEMBER 31
Note: See the Appendix for a reconciliation between GAAP and non-GAAP financial measures.
- 31. © 2018 Alteryx, Inc.
COMPANY HIGHLIGHTS
LARGE AND
GROWING
MARKET
OPPORTUNITY
LEADING SELF-
SERVICE ANALYTICS
PLATFORM
BLUE CHIP, DIVERSE
ENTERPRISE
CUSTOMER BASE
COMPELLING LAND +
EXPAND MODEL AND
STRONG DOLLAR-BASED
NET REVENUE
RETENTION
SUBSCRIPTION
REVENUE MODEL
STRONG TOP
LINE GROWTH
EXPERIENCED TEAM
OF LEADERS AND
INNOVATORS
- 33. © 2018 Alteryx, Inc.
GAAP TO NON-GAAP RECONCILIATIONS 2014 2015 2016 2017 Q4 2016 Q4 2017
GROSS PROFIT
GAAP gross profit $29,451 $43,300 $69,764 $109,804 $20,663 $32,330
Stock-based compensation (Cost of Revenue) 34 34 106 485 34 117
Amortization of intangible assets - - - 1,213 — 456
Non-GAAP gross profit $29,485 $43,334 $69,870 $111,502 $20,697 $32,903
Non-GAAP gross margin 78% 81% 81% 85% 83% 85%
RESEARCH AND DEVELOPMENT EXPENSE
GAAP research and development expense $7,787 $11,103 $17,481 $29,342 $5,062 $8,399
Stock-based compensation
(Research and Development)
(1,081) (239) (338) (1,635) (95) (478)
Non-GAAP research and development expense $6,706 $10,864 $17,143 $27,707 $4,967 $7,921
Non-GAAP - % of revenue 18% 20% 20% 21% 20% 21%
GAAP TO NON-GAAP RECONCILIATIONS
FYE DECEMBER 31 | $ IN THOUSANDS
- 34. © 2018 Alteryx, Inc.
GAAP TO NON-GAAP RECONCILIATIONS 2014 2015 2016 2017 Q4 2016 Q4 2017
SALES AND MARKETING EXPENSE
GAAP sales and marketing expense $24,612 $43,244 $57,585 $66,420 $15,055 $17,689
Stock-based compensation (Sales and marketing) (183) (800) (1,281) (2,302) (339) (660)
Amortization of intangible assets — — — (12) — (5)
Non-GAAP sales and marketing expense $24,429 $42,444 $56,304 $64,106 $14,715 $17,024
Non-GAAP - % of revenue 64% 79% 66% 49% 59% 44%
GENERAL AND ADMINISTRATIVE EXPENSE
GAAP general and administrative expense $17,264 $10,039 $17,720 $32,241 $6,097 $8,126
Stock-based compensation
(General and administrative)
(9,379) (409) (1,559) (4,519) (482) (1,177)
Follow-on Public Offering Costs — — — (676) — —
Change in Fair Value of Contingent Consideration — — — (190) — —
Non-GAAP general and administrative expense $7,885 $9,630 $16,161 $26,856 $5,615 $6,949
Non-GAAP - % of revenue 21% 18% 19% 20% 22% 18%
GAAP TO NON-GAAP RECONCILIATIONS
FYE DECEMBER 31 | $ IN THOUSANDS
- 35. © 2018 Alteryx, Inc.
GAAP TO NON-GAAP RECONCILIATIONS 2014 2015 2016 2017 Q4 2016 Q4 2017
LOSS FROM OPERATIONS
GAAP loss from operations $(20,212) $(21,086) $(23,022) $(18,199) $(5,551) $(1,884)
Stock-based compensation (Total) 10,677 1,482 3,284 8,941 950 2,432
Amortization of intangible assets — — — 1,225 — 461
Follow-on Public Offering Costs — — — 676 — —
Change in Fair Value of Contingent Consideration — — — 190 — —
Non-GAAP Income (loss) from operations $(9,535) $(19,604) $(19,738) $(7,167) $(4,601) $1,009
Non-GAAP operating margin (25)% (36)% (23)% (5)% (18)% 3%
GAAP TO NON-GAAP RECONCILIATIONS
FYE DECEMBER 31 | $ IN THOUSANDS
- 36. © 2018 Alteryx, Inc.
GAAP TO NON-GAAP RECONCILIATIONS 2014 2015 2016 2017 Q4 2016 Q4 2017
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS
GAAP net loss attributable to common stockholders $(21,998) $(24,053) $(30,700) $(19,482) $(8,053) $(1,539)
Stock-based compensation (Total) 10,677 1,482 3,284 8,941 950 2,432
Amortization of intangible assets — — — 1,225 — 461
Accretion of Series A redeemable convertible
preferred stock
1,669 2,603 6,442 1,983 1,976 —
Follow-on Public Offering Costs — — — 676 — —
Change in Fair Value of Contingent Consideration — — — 190 — —
Income tax adjustments — — — (998) — —
Impairment of Long-lived assets — — — 1,050 — —
Non-GAAP net income (loss) $(9,652) $(19,968) $(20,974) $(6,415) $(5,127) $1,354
Non-GAAP - % of revenue (25)% (37)% (24)% (5)% (21)% 4%
GAAP TO NON-GAAP RECONCILIATIONS
FYE DECEMBER 31 | $ IN THOUSANDS
- 37. © 2018 Alteryx, Inc.
SELECT BALANCE SHEET ITEMS 2014 2015 2016 2017
Cash and cash equivalents plus investments1 $24,642 $61,143 $52,700 $194,066
Accounts receivable, net $15,733 $21,569 $35,367 $49,797
Deferred revenue - current $28,927 $44,179 $71,050 $110,213
BALANCE SHEET & CASH FLOW HIGHLIGHTS
FYE DECEMBER 31 | $ IN THOUSANDS
SELECT CASH FLOW ITEMS 2014 2015 2016 2017 Q4 2016 Q4 2017
Net cash provided by (used in) operating activities $(3,428) $(8,035) $(6,031) $18,943 $3,095 $12,503
Net cash provided by (used in) investing activities $(1,581) $(40,359) $11,735 $(66,421) $9,513 $10,762
Net increase (decrease) in cash and cash
equivalents
$15,684 $137 $6,527 $88,410 $14,000 $23,940
(1) Investments include both short-term and long-term investments.
(1) Investments include both short-term and long-term investments.
- 38. © 2018 Alteryx, Inc.
DOLLAR-BASED NET REVENUE
RETENTION RATE
Our dollar-based net revenue retention rate is a trailing four-quarter average of the subscription revenue from a cohort of customers in a quarter
as compared to the same quarter in the prior year. Dollar-based net revenue retention rate equal to
100% would indicate that we received the same amount of revenue from our cohort of customers in the current quarter as
we did in the same quarter of the prior year. Dollar-based net revenue retention rate less than 100% would indicate that we received less
revenue from our cohort of customers in the current quarter than we did in the same quarter of the prior year.
To calculate our dollar-based net revenue retention rate, we first identify a cohort of customers (the “Base Customers”) in a particular quarter
(the “Base Quarter”). A customer will not be considered a Base Customer unless such customer has an active subscription for the entirety of
the Base Quarter. We then divide the revenue in the same quarter of the subsequent year attributable to the Base Customers (the “Comparison
Quarter”), including Base Customers from which we no longer derive revenue in the Comparison Quarter, by the revenue attributable to that
Base Customers in the Base Quarter. Our dollar-based net revenue retention rate in a particular quarter is then obtained by averaging the result
from that particular quarter by the corresponding result from each of the prior three quarters. The dollar-based net revenue retention rate
excludes revenue from professional services from that cohort.