Smartsheet

Smartsheet, Inc. engages in the design and development of cloud-based platform for work management. It offers ways for customers to plan and manage their work using grids, projects, cards, and calendars. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

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Smartsheet reports robust Q1 performance amidst macro challenges

Smartsheet's Q1 2024 earnings call showcased strong financial performance and notable enterprise expansions. However, challenges in the macro environment have impacted sales productivity, leading to a focus on incremental marketing programs and real-time investment decisions. Despite over-performance in Q1, revenue guidance remains unchanged due to a conservative approach given the dynamic macro environment.

Smartsheet reports strong Q2 performance and anticipates $1B ARR

Smartsheet's Q2 earnings call highlighted robust financial performance, a growing customer base, and plans for future expansion. While facing challenges related to customer retention and sales force productivity, the company is well-positioned to capitalize on opportunities in the enterprise segment and the introduction of new modules. Overall, Smartsheet's performance reflects a positive trajectory for future growth.

Smartsheet exceeds Q3 revenue expectations, cautious outlook for FY '25

Smartsheet's Q3 performance exceeded expectations, with strong revenue growth and significant customer expansions. While facing challenges in SMB expansions and cautious outlook for FY '25, the company sees opportunities in AI integration and global expansion. The focus on self-discovery capabilities and partnerships also presents promising growth potential.

Smartsheet exceeds Q4 expectations, focuses on AI integration for growth

Smartsheet's Q4 performance showcased robust revenue growth, profitability, and customer expansion. The company's focus on product innovation, AI integration, and strategic partnerships positions it well for future growth. While macroeconomic challenges persist, Smartsheet's emphasis on enterprise customers and margin expansion presents opportunities for sustained success.

Smartsheet beats Q1 revenue targets, eyes platform growth opportunities

Smartsheet's Q1 performance exceeded expectations across key metrics.
The company's strengths lie in customer expansions, new plan success, and investments.
Challenges include macro conditions and international headwinds.
Opportunities in platform enhancements, market focus, and partner strategies.

Smartsheet exceeds Q2 revenue targets, eyes enterprise growth opportunities

Smartsheet delivered strong Q2 results, surpassing revenue targets and showcasing growth in key metrics.
While facing challenges in net retention and user conversion, the company's focus on enterprise solutions and product enhancements presents opportunities for future growth.
Recognition in the industry, notable customer expansions, and upcoming product modules position Smartsheet well for continued success and innovation.

Smartsheet surpasses Q3 revenue targets, eyes global expansion and AI integration

Smartsheet delivered strong Q3 results, exceeding revenue guidance and showcasing growth in billings and user base. The company's strategic expansions with key clients and focus on AI integration and global expansion position it well for future success.
While facing challenges in SMB expansions and evolving customer dynamics, Smartsheet's strengths in driving enterprise deals, modular feature development, and partnership strategies offer resilience. The company must navigate uncertainties around Gen AI and industry pressures to capitalize on growth opportunities.
Overall, Smartsheet's performance in Q3 reflects resilience and strategic foresight, with a balance of strengths, challenges, and opportunities shaping its path forward. Navigating industry dynamics and leveraging partnerships will be key to sustaining growth and innovation.

Smartsheet hits $1B ARR milestone, eyes growth amid challenges

Smartsheet's Q4 FY 2024 performance reflects strong financial results, notable customer expansions, and guidance for continued growth in FY '25, underpinned by key strengths in innovation and customer loyalty.
While facing challenges such as pressure on SMBs and margin improvement, the company has opportunities to leverage AI capabilities, address SMB weaknesses, and expand internationally for sustained growth.
Overall, Smartsheet's strategic focus on innovation, customer engagement, and market expansion positions it well for future success, despite navigating challenges and uncertainties in the business landscape.
Investors should monitor Smartsheet's execution of growth strategies, particularly in addressing SMB challenges, leveraging AI capabilities, and capitalizing on international opportunities to drive long-term value.

Smartsheet posts robust Q1 results, eyes sustained growth and innovation

Smartsheet's Q1 FY 2025 earnings call highlighted strong financial performance, customer expansions, and strategic initiatives like the collaboration with KPMG and new pricing model.
The company's focus on AI adoption, product development, and margin improvement underscores a commitment to innovation, customer value, and sustainable growth.
While facing challenges in user conversion, growth consistency, and operational balance, Smartsheet's opportunities lie in sustained revenue growth, market differentiation, and international expansion.

Smartsheet reports robust Q2 earnings, AI adoption drives growth

Smartsheet's Q2 performance reflects strong customer expansion and revenue growth, driven by key deals and AI tool adoption.
While facing challenges in pricing models and market competition, the company's strategic focus on platform modernization and user experience bodes well for future success.
Opportunities lie in AI tool adoption, expansion deals, and raised guidance, positioning Smartsheet for continued growth and profitability.

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Smartsheet, Inc. engages in the design and development of a cloud-based platform for work management. It offers ways for customers to plan and manage work using tables, plans, projects, cards, Gantt charts, and calendars, as well as allowing users to toggle between views. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

While the top- and bottom-line numbers for Smartsheet (SMAR) give a sense of how the business performed in the quarter ended July 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Smartsheet (SMAR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Smartsheet (SMAR) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.10 per share a year ago.

Smartsheet (SMAR) Q2 Earnings and Revenues Beat Estimates

Smartsheet reported second-quarter earnings, revenue and billings that topped Wall Street estimates. SMAR stock climbed on the news.

Software Maker Smartsheet Swings To Quarterly Profit, Shares Rise

Smartsheet Inc.'s stock SMAR climbed more than 3% in extended trading Thursday after the company reported quarterly results and full-year revenue guidance that beat analyst estimates. Guidewire reported a fiscal second-quarter net loss of $33.4 million, or 25 cents a share, compared with a net loss of $63.2 million, or 47 cents a share, in the year-ago quarter.

Smartsheet's stock rises on strong results, guidance

BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR #earnings--Smartsheet Inc. Announces Second Quarter Fiscal Year 2024 Results.

Smartsheet Inc. Announces Second Quarter Fiscal Year 2024 Results

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BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced that it will release its financial results for its second quarter of fiscal year 2024, which ended July 31, 2023, after the close of U.S. financial markets on September 7, 2023. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-.

Smartsheet to Announce Second Quarter of Fiscal Year 2024 Financial Results on September 7, 2023

BELLEVUE, Wash.--(BUSINESS WIRE)-- #SmartsheetENGAGE--Smartsheet (NYSE:SMAR), the enterprise work management platform, will host its annual ENGAGE conference on September 19-21, 2023, at the new Seattle Convention Center Summit. At this year's event, Smartsheet will unveil new features and capabilities that empower attendees to plan, do, and scale their work to unlock greater organizational potential. “Almost every industry, company, and customer is at an inflection point caused by a multitude of factors from new.

Smartsheet Brings Together Teams and Leaders to Unlock Potential at ENGAGE 2023

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR), the enterprise work management platform, today unveiled a suite of new capabilities that apply generative AI (GenAI) to Smartsheet's secure, scalable platform to help enterprises tackle their mission-critical work more strategically and efficiently. The new features are now available to select customers in private beta. As the leader in enterprise work management, Smartsheet is integrating its new GenAI features across its platform to im.

Putting Generative AI to Work: Smartsheet Announces New AI Features that Unlock the Power of the Smartsheet Platform

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Smartsheet has seen a sharp correction over the past month due to concerns on slowing billings growth. The company expects billings to accelerate in the back half of the year, driven by Free plan conversions and a marketing push. Trading at ~5x forward revenue, Smartsheet is a great "growth at a reasonable price" investment.

Smartsheet: Buy The Correction, It's An Overreaction

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR), the enterprise platform for work management, has received the distinction of being a Customers' Choice in the 2023 Gartner Peer Insights ‘Voice of the Customer' in the Collaborative Work Management market. Smartsheet received the highest rating (4.6 out of 5) and the highest percentage of customers willing to recommend the platform (98%).* This recognition, we believe, further elevates Smartsheet above other competitors, cementing the pl.

Smartsheet Recognized as a 2023 Gartner® Peer Insights™ Customers' Choice for Collaborative Work Management

Smartsheet's share price decline has brought its EV/S ratio to around 4.5X, with a projected free cash flow margin of around 12% over the next 12 months, making it an attractive investment opportunity. The company is a leader in the workflow management space, with strong growth in profitability and free cash generation, and is set to launch generative AI tools in the coming months. Smartsheet's valuation does not depend on the generative AI opportunity, and its shares are expected to perform well in the long term as the company continues to grow and improve its business model.

Smartsheet: A Recent Pullback Provides A Reasonable Entry Point

LONDON--(BUSINESS WIRE)-- #SponsorX--Following the groundbreaking first year of Sponsor X, Smartsheet (NYSE:SMAR), the enterprise platform for work management, and McLaren Racing are bringing back the initiative for the 2023 Formula 1 season. Building up to and at the British Grand Prix, both organisations will spotlight UK-based nonprofit, STEAM Co. as the next Sponsor X taking the place of Smartsheet on McLaren's race cars at Silverstone on 7-9 July 2023. “We launched Sponsor X to give deserving nonprofi.

Blasting off at Silverstone: World-First Sponsor X Initiative Puts Nonprofit Igniting a Creativity Revolution on Global Formula 1 Stage with Smartsheet and McLaren Racing

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet, the enterprise platform for modern work management, today announced the appointment of Khozema Shipchandler to its board of directors. He will also serve on the board's Audit Committee. Shipchandler, President, Communications at Twilio Inc. and a 22-year veteran of General Electric, brings a depth and breadth of experience to Smartsheet, with a focus on growing and scaling global digital businesses and communities. “Khozema combines deep financial e.

Smartsheet Names Khozema Shipchandler to Board of Directors

Enterprise workflow collaboration and automation software maker Smartsheet Inc. NASDAQ: SMAR shares plummeted over (20%) due to its fiscal first quarter 2024 earnings report. While results were strong, the mixed forward guidance spooked investors as they frantically rushed out of the proverbial burning theater.

Smartsheet Investors' Hasty Exit Can Be Your Gain

Smartsheet Inc. shares fell more than 20% Thursday after Wall Street acknowledged that the soft business spending environment had finally caught up with the cloud-based work-management platform provider.

Smartsheet's stock heads for worst day in 3 years as effects of soft business spending show up in outlook

Smartsheet beat expectations in its most recent quarter but management's guidance failed to inspire investors. The company's adjusted operating margin is improving.

Why Smartsheet Stock Dropped Like a Rock Today

The software company's free cash flow makes its valuation compelling, Guggenheim says.

Smartsheet Stock Is Tanking. Some Analysts See an Opportunity.

Smartsheet Inc. (NYSE:SMAR ) Q1 2024 Earnings Conference Call June 7, 2023 4:30 PM ET Company Participants Aaron Turner - Head, Investor Relations Mark Mader - Chief Executive Officer Pete Godbole - Chief Financial Officer Conference Call Participants Terry Tillman - Truist Securities Scott Berg - Needham John DiFucci - Guggenheim Ryan MacWilliams - Barclays George Iwanyc - Oppenheimer Ethan Bruck - Wolfe Research Jacob Roberge - William Blair Shebly Seyrafi - FBN Securities Pinjalim Bora - JPMorgan Jason Celino - KeyBanc Capital Markets Josh Baer - Morgan Stanley Keith Bachman - BMO Robert Simmons - D.A. Davidson Fred Lee - Credit Suisse Operator Good afternoon, ladies and gentlemen and welcome to the Smartsheet First Quarter Fiscal 2024 Earnings Conference Call.

Smartsheet Inc. (SMAR) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Smartsheet (SMAR) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Smartsheet (SMAR) Q1 Earnings: A Look at Key Metrics

Smartsheet (SMAR) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.19 per share a year ago.

Smartsheet (SMAR) Beats Q1 Earnings and Revenue Estimates

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Markets were mixed on Wednesday, as high-flying indexes like the Nasdaq gave back some gains. Smartsheet and HashiCorp both posted solid fiscal first-quarter financial results but didn't give investors the guidance they wanted to see.

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Smartsheet Inc. SMAR, -5.15% shares dropped in the extended session Wednesday after a light free-cash-flow outlook upset an otherwise beat-and-raise quarter. Smartsheet shares dropped as much as 14% after hours, following a 5.2% decline in the regular session to close at $49.

Smartsheet stock falls more than 10% as forecast suggests free cash flow will underperform for the rest of the year

BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR #earnings--Smartsheet Inc. Announces First Quarter Fiscal Year 2024 Results.

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