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Box Inc

Box Inc (BOX)

27.08
0.00
(0.00%)
At close: July 23 4:00PM
27.08
0.00
( 0.00% )
After Hours: 4:02PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
27.08
Bid
-
Ask
-
Volume
1,191,875
26.72 Day's Range 27.28
23.29 52 Week Range 31.94
Market Cap
Previous Close
27.08
Open
27.05
Last Trade
190229
@
27.08
Last Trade Time
16:10:00
Financial Volume
$ 32,272,043
VWAP
27.0767
Average Volume (3m)
1,668,820
Shares Outstanding
145,588,172
Dividend Yield
-
PE Ratio
39.96
Earnings Per Share (EPS)
0.68
Revenue
1.04B
Net Profit
99.15M

About Box Inc

Box is a cloud-based content services platform that provides cloud-based storage and workflow collaboration services for enterprise customers. The firm was founded in 2005 as a file sync and sharing provider. More recently, however, the company has focused on bolstering its product portfolio by addi... Box is a cloud-based content services platform that provides cloud-based storage and workflow collaboration services for enterprise customers. The firm was founded in 2005 as a file sync and sharing provider. More recently, however, the company has focused on bolstering its product portfolio by adding tools such as governance and e-signature that enhance workflow management and collaboration. Show more

Sector
Prepackaged Software
Industry
Prepackaged Software
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
Box Inc is listed in the Prepackaged Software sector of the New York Stock Exchange with ticker BOX. The last closing price for Box was $27.08. Over the last year, Box shares have traded in a share price range of $ 23.29 to $ 31.94.

Box currently has 145,588,172 shares outstanding. The market capitalization of Box is $3.94 billion. Box has a price to earnings ratio (PE ratio) of 39.96.

BOX Latest News

Effortlessly Manage Content with the New Box and Guidewire Cloud-Native Integrations

Guidewire (NYSE: GWRE) announced that the new Built by Guidewire integrations with Box (NYSE: BOX), the Intelligent Content Cloud, are now available in the Guidewire Marketplace to ClaimCenter...

Box Appoints Samantha Wessels as President of Box EMEA

Former Snyk and Elastic leader to drive next phase of growth for Box in EMEA Box, Inc. (NYSE: BOX), the Intelligent Content Cloud, today announced that Samantha Wessels will join the Box...

Box Announces Powerful Enhancements to Box AI for Intelligent Content Management

Enterprise Plus Customers Will Have Unlimited Access to Box AI in Notes, Documents, and Hubs Box AI Features Include GPT-4o Integration in Hubs, Additional File Types, New Developer Tools Box...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.582.1886792452826.527.50526.19105346426.89895213CS
41.315.0834303453625.7727.50524.63134363726.12673923CS
120.521.957831325326.5628.1624.63166882026.3345632CS
260.260.96942580164126.8230.324.555202247027.41384249CS
52-3.74-12.134977287530.8231.9423.29181843826.79665162CS
1563.6715.67706108523.4134.9822.18172546327.03876421CS
26010.4662.9362214216.6234.988.51200559123.00001421CS

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BOX Discussion

View Posts
Monksdream Monksdream 5 months ago
BOX 10Q March 5
👍️0
otc1investor otc1investor 3 years ago
BOX forget the negatives on BOX KKR's backing and management now behind them going to ROCKET.
👍️0
otc1investor otc1investor 3 years ago
BOX with KKR backing BOX going to rocket into the $30's++
👍️0
otc1investor otc1investor 3 years ago
BOX moving into the 30's get on the train now or the ride UP!!!!!
👍️0
ClayTrader ClayTrader 3 years ago
* * $BOX Video Chart 03-22-2021 * *

Link to Video - click here to watch the technical chart video

👍️0
Cat dog Cat dog 3 years ago
Box to become a bigger Box @ 30s then another bigger box to @40s and so on to @300 i believe
👍️0
Dennisb68 Dennisb68 4 years ago
BOX CEO is on Fox Business news this morning. When asked about his feelings on the rioting and destruction taking place he called them a distraction. A distraction? The CEO is a moron.
👍️0
hurontrader hurontrader 4 years ago
Great Quarter- BOX will soar from here on out

Box Reports Revenue of $696 Million for Fiscal Year 2020, Up 14 Percent Year-Over-Year, & Delivers First Full Year of Non-GAA...

Source: Business Wire
Fourth Quarter Revenue of $183.6 Million, Up 12 Percent Year-Over-Year
Fourth Quarter Billings of $281.9 Million, Up 19 Percent Year-Over-Year
Fiscal Year GAAP Operating Margin Up 2 Percentage Points and Non-GAAP Operating Margin Up 3 Percentage Points Year-Over-Year
Box, Inc. (NYSE:BOX), a leader in cloud content management, today announced financial results for the fiscal fourth quarter and full fiscal year 2020, which ended January 31, 2020.

“In fiscal 2020, we launched two major new products, Box Relay and Box Shield, building out our multi-product platform and solidifying our leadership in the cloud content management market,” said Aaron Levie, co-founder and CEO of Box. “With these added capabilities, we are seeing more and more of our customers adopt the full power of Box through our Enterprise Suite offering. Looking ahead to FY21, we are focused on driving healthy growth and significantly improved profitability.”

“We delivered strong financial results on both the top and bottom line in the fourth quarter, with record business coming from our add-on products,” said Dylan Smith, co-founder and CFO of Box. “We delivered operational efficiencies and achieved our first full year of non-GAAP profitability in FY20, and we are committed to delivering significant improvements in operating margin in FY21 and beyond.”

Adoption of the New Lease Standard - ASC Topic 842

Box adopted the new lease standard, Accounting Standards Codification Topic 842 (“ASC 842”), on a modified retrospective basis, effective February 1, 2019. Financial results for reporting periods in Box’s fiscal year ended January 31, 2020 are presented in compliance with the new lease standard. Historical financial results for reporting periods prior to fiscal year 2020 are presented in conformity with amounts previously disclosed under the prior lease standard, Accounting Standards Codification Topic 840 (“ASC 840”). The adoption of ASC 842 did not have a material effect on Box’s condensed consolidated statements of operations and cash flows, however, did materially increase Box’s assets and liabilities on the condensed consolidated balance sheet.

Fiscal Fourth Quarter Financial Highlights

Revenue for the fourth quarter of fiscal year 2020 was $183.6 million, an increase of 12% from the fourth quarter of fiscal year 2019.
Remaining performance obligations as of January 31, 2020 were $767.8 million, an increase of 12% from the fourth quarter of fiscal year 2019.
Deferred revenue as of January 31, 2020 was $423.8 million, an increase of 13% from the fourth quarter of fiscal year 2019.
Billings for the fourth quarter of fiscal year 2020 were $281.9 million, an increase of 19% from the fourth quarter of fiscal year 2019.
GAAP operating loss in the fourth quarter of fiscal year 2020 was $28.6 million, or 15% of revenue. This compares to a GAAP operating loss of $21.7 million, or 13% of revenue, in the fourth quarter of fiscal year 2019.
Non-GAAP operating income in the fourth quarter of fiscal year 2020 was $12.3 million, or 7% of revenue. This compares to a non-GAAP operating income of $8.5 million, or 5% of revenue, in the fourth quarter of fiscal year 2019.
GAAP net loss per share, basic and diluted, in the fourth quarter of fiscal year 2020 was $0.20 on 150 million weighted-average shares outstanding. This compares to a GAAP net loss per share of $0.14 in the fourth quarter of fiscal year 2019 on 144 million weighted-average shares outstanding.
Non-GAAP net income per share, diluted, in the fourth quarter of fiscal year 2020 was $0.07. This compares to a non-GAAP net income per share of $0.06 in the fourth quarter of fiscal year 2019.
Net cash provided by operating activities in the fourth quarter of fiscal year 2020 totaled $15.0 million. This compares to net cash provided by operating activities of $31.3 million in the fourth quarter of fiscal year 2019.
Free cash flow in the fourth quarter of fiscal year 2020 was $0.0 million. This compares to positive $21.0 million in the fourth quarter of fiscal year 2019.
Fiscal Year 2020 Financial Highlights

Revenue for fiscal year 2020 was $696.3 million, an increase of 14% from fiscal year 2019.
Billings for fiscal year 2020 were $745.1 million, an increase of 11% from fiscal year 2019.
GAAP operating loss in fiscal year 2020 was $139.5 million, or 20% of revenue. This compares to a GAAP operating loss of $134.2 million, or 22% of revenue, in fiscal year 2019.
Non-GAAP operating income in fiscal year 2020 was $9.3 million, or 1% of revenue. This compares to a non-GAAP operating loss of $14.9 million, or 2% of revenue, in fiscal year 2019.
GAAP net loss per share, basic and diluted, in fiscal year 2020 was $0.98 on 148 million weighted-average shares outstanding. This compares to a GAAP net loss per share of $0.95 in fiscal year 2019 on 141 million weighted-average shares outstanding.
Non-GAAP net income per share, diluted, in fiscal year 2020 was $0.03. This compares to a non-GAAP net loss per share of $0.12 in fiscal year 2019.
Net cash provided by operating activities in fiscal year 2020 totaled $44.7 million. This compares to net cash provided by operating activities of $55.3 million in fiscal year 2019.
Free cash flow in fiscal year 2020 was negative $7.2 million. This compares to positive $13.8 million in fiscal year 2019.
For more information on the non-GAAP financial measures and key metrics discussed in this press release, please see the section titled, “About Non-GAAP Financial Measures and Other Key Metrics,” and the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures at the end of this press release.

Business Highlights since Last Earnings Release

Delivered wins and expansions with leading organizations such as American Homes 4 Rent, ATB Financial, Government of District of Columbia, Macquarie Bank in Australia, Rodan + Fields, Sekisui House, U.S. Forest Service, and VICE Media.
Launched automated classification with Box Relay, allowing customers to auto-apply pre-established classifications to content as an outcome of a Relay workflow and auto-trigger Relay workflows based on changes in content classification.
Launched enhancements to the Box admin console, making it easier for administrators to view and manage all of their applications integrated with Box or developed with Box in one place.
Announced the general availability of the Box Shield and Splunk integration to power automated threat detection and response, giving customers deeper visibility into content access patterns.
Launched enhancements to Box Shield, including an updated dashboard, providing an easy visual summary of Shield alerts, and an improved end-user classification experience to help users understand the policies that will be enforced when classifying a file or folder.
Launched a new Box integration with Zoom, enabling users to easily share and collaborate on content in Box without having to leave the Zoom application.
Named to the 2020 Bloomberg Gender-Equality Index. Box is one of 325 global companies included in the index, which tracks the financial performance of public companies committed to supporting gender equality.
Received a top score of 100 on the 2020 Human Rights Campaign Corporate Equality Index (CEI).
Recognized as one of Fortune’s 100 Best Workplaces for Diversity, Best Workplaces in the Bay Area, and 100 Best Companies to Work For for 2020.
Outlook

Q1 FY21 Guidance: Revenue is expected to be in the range of $183.0 million to $184.0 million. GAAP basic and diluted net loss per share are expected to be in the range of $0.25 to $0.23. Non-GAAP diluted net income per share is expected to be in the range of $0.04 to $0.06. Weighted-average basic and diluted shares outstanding are expected to be approximately 151 million and 157 million, respectively.
Full Year FY21 Guidance: Revenue is expected to be in the range of $771.0 million to $777.0 million. GAAP basic and diluted net loss per share are expected to be in the range of $0.78 to $0.71. Non-GAAP diluted net income per share is expected to be in the range of $0.38 to $0.44. Weighted-average basic and diluted shares outstanding are expected to be approximately 154 million and 160 million, respectively.
All forward-looking non-GAAP financial measures contained in this section titled “Outlook” exclude estimates for stock-based compensation expense, intangible assets amortization, and as applicable, other special items. Box has provided a reconciliation of GAAP to non-GAAP net income (loss) per share guidance at the end of this press release.

Webcast and Conference Call Information

Box’s management team will host a conference call today beginning at 2:00 PM (PT) / 5:00 PM (ET) to discuss Box’s financial results, business highlights and future outlook. A live audio webcast of this call will be available through Box’s Investor Relations website at www.box.com/investors for a period of 90 days after the date of the call.

The access details for the live conference call are:
+ 1-833-231-7240 (U.S. and Canada), conference ID: 3537998
+ 1-647-689-4084 (international), conference ID: 3537998

A telephonic replay of the call will be available approximately two hours after the call and will run for one week. The replay can be accessed by dialing:
+ 1-800-585-8367 (U.S. and Canada), conference ID: 3537998
+ 1-416-621-4642 (international), conference ID: 3537998

Box has used, and intends to continue to use, its Investor Relations website (www.box.com/investors), as well as certain Twitter accounts (@box, @levie and @boxincir), as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Information on or that can be accessed through Box’s Investor Relations website, these Twitter accounts, or that is contained in any website to which a hyperlink is provided herein is not part of this press release, and the inclusion of Box’s Investor Relations website address, these Twitter accounts, and any hyperlinks are only inactive textual references.

This press release, the financial tables, as well as other supplemental information including the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures, are also available on Box’s Investor Relations website. Box also provides investor information, including news and commentary about Box’s business and financial performance, Box’s filings with the Securities and Exchange Commission, notices of investor events and Box’s press and earnings releases, on Box’s Investor Relations website.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Box’s expectations regarding the size of its market opportunity, expectations regarding its leadership position in the cloud content management market, the demand for its products, its ability to grow and scale its business and drive operating efficiencies, its ability to achieve revenue targets, expectations regarding its ability to achieve profitability on a quarterly or ongoing basis, its expectations regarding free cash flow, its ability to continue to grow unrecognized revenue and remaining performance obligations, the timing of recent and planned product introductions, enhancements and integrations, the short- and long-term success, market adoption and retention, capabilities, and benefits of such product introductions and enhancements, and the success of strategic partnerships, as well as expectations regarding its revenue, gross margin, GAAP and non-GAAP net income (loss) per share, non-GAAP operating margins for future periods, the related components of GAAP and non-GAAP net income (loss) per share, and weighted-average outstanding share count expectations for Box’s fiscal first quarter and full fiscal year 2021 in the section titled “Outlook” above. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: (1) adverse changes in general economic or market conditions; (2) delays or reductions in information technology spending; (3) factors related to Box’s highly competitive market, including but not limited to pricing pressures, industry consolidation, entry of new competitors and new applications and marketing initiatives by Box’s current or future competitors; (4) the development of the cloud content management market; (5) the risk that Box’s customers do not renew their subscriptions, expand their use of Box’s services, or adopt new products offered by Box on a timely basis, or at all; (6) Box’s ability to provide timely and successful enhancements, integrations, new features and modifications to its platform and services; (7) actual or perceived security vulnerabilities in Box’s services or any breaches of Box’s security controls; and (8) Box’s ability to realize the expected benefits of its third-party partnerships.

Additional information on potential factors that could affect Box’s financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings Box makes with the Securities and Exchange Commission from time to time, including the Quarterly Report on Form 10-Q filed for the fiscal quarter ended October 31, 2019. These documents are available on the SEC Filings section of Box’s Investor Relations website located at www.box.com/investors. Box does not assume any obligation to update the forward-looking statements contained in this press release to reflect events that occur or circumstances that exist after the date on which they were made.

About Non-GAAP Financial Measures and Other Key Metrics

To supplement Box’s consolidated financial statements, which are prepared and presented in accordance with GAAP, Box provides investors with certain non-GAAP financial measures and other key metrics, including non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, billings, remaining performance obligations, and free cash flow. The presentation of these non-GAAP financial measures and key metrics is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures and key metrics, please see the reconciliation of these non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures at the end of this press release.

Box uses these non-GAAP financial measures and key metrics for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Box’s management believes that these non-GAAP financial measures and key metrics provide meaningful supplemental information regarding Box’s performance by excluding certain expenses that may not be indicative of Box’s recurring core business operating results. Box believes that both management and investors benefit from referring to these non-GAAP financial measures and key metrics in assessing Box’s performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures and key metrics also facilitate management's internal comparisons to Box’s historical performance as well as comparisons to Box’s competitors' operating results. Box believes these non-GAAP financial measures and key metrics are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by Box’s institutional investors and the analyst community to help them analyze the health of Box’s business.

A limitation of non-GAAP financial measures and key metrics is that they do not have uniform definitions. Further, Box’s definitions will likely differ from the definitions used by other companies, including peer companies, and therefore comparability may be limited. Thus, Box’s non-GAAP financial measures and key metrics should be considered in addition to, and not as a substitute for, or in isolation from, measures prepared in accordance with GAAP. Additionally, in the case of stock-based compensation expense, if Box did not pay a portion of compensation in the form of stock-based compensation expense, the cash salary expense included in cost of revenue and operating expenses would be higher, which would affect Box’s cash position.

Non-GAAP operating income (loss) and non-GAAP operating margin. Box defines non-GAAP operating income (loss) as operating income (loss) excluding expenses related to stock-based compensation (“SBC”), intangible assets amortization, and as applicable, other special items. Non-GAAP operating margin is defined as non-GAAP operating income (loss) divided by revenue. Although SBC is an important aspect of the compensation of Box’s employees and executives, determining the fair value of certain of the stock-based instruments Box utilizes involves a high degree of judgment and estimation and the expense recorded may bear little resemblance to the actual value realized upon the vesting or future exercise of the related stock-based awards. Furthermore, unlike cash compensation, the value of stock options, which is an element of Box’s ongoing stock-based compensation expense, is determined using a complex formula that incorporates factors, such as market volatility, that are beyond Box’s control. For restricted stock unit awards, the amount of stock-based compensation expenses is not reflective of the value ultimately received by the grant recipients. Management believes it is useful to exclude SBC in order to better understand the long-term performance of Box’s core business and to facilitate comparison of Box’s results to those of peer companies. Management also views amortization of acquisition-related intangible assets, such as the amortization of the cost associated with an acquired company’s developed technology and trade names, as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are continually evaluated for impairment, amortization of the cost of purchased intangibles is a static expense, one that is not typically affected by operations during any particular period. Furthermore, Box excludes the following expenses as they are considered by management to be special items outside of Box’s core operating results: (1) fees related to shareholder activism, which include directly applicable third party advisory and professional service fees, (2) expenses related to certain litigation, and (3) expenses associated with restructuring activities, consisting primarily of severance and other personnel-related costs. There are no expenses related to litigation excluded from non-GAAP operating income (loss) in any of the periods presented.

Non-GAAP net income (loss) and non-GAAP net income (loss) per share. Box defines non-GAAP net income (loss) as GAAP net income (loss) excluding expenses related to SBC, intangible assets amortization, and as applicable, other special items as described in the preceding paragraph. Box defines non-GAAP net income (loss) per share as non-GAAP net income (loss) divided by the weighted-average outstanding shares.

Billings. Billings reflect, in any particular period, (1) sales to new customers, plus (2) subscription renewals and (3) expansion within existing customers, and represent amounts invoiced for all products and professional services. Box calculates billings for a period by adding changes in deferred revenue and contract assets in that period to revenue. Box believes that billings help investors better understand sales activity for a particular period, which is not necessarily reflected in revenue as a result of the fact that Box recognizes subscription revenue ratably over the subscription term. Box considers billings a significant performance measure. Box monitors billings to manage the business, make planning decisions, evaluate performance and allocate resources. Box believes that billings offers valuable supplemental information regarding the performance of the business and will help investors better understand the sales volumes and performance of the business. Although Box considers billings to be a significant performance measure, Box does not consider it to be a non-GAAP financial measure given that it is calculated using exclusively revenue, deferred revenue, and contract assets, all of which are financial measures calculated in accordance with GAAP.

Remaining performance obligations. Remaining performance obligations (“RPO”) represent, at a point in time, contracted revenue that has not yet been recognized. RPO consists of deferred revenue and backlog, offset by contract assets. Backlog is defined as non-cancellable contracts deemed certain to be invoiced and recognized as revenue in future periods. Future invoicing is determined to be certain when we have an executed non-cancellable contract and invoicing is not dependent on a future event such as the delivery of a specific new product or feature, or the achievement of contractual contingencies. While Box believes RPO is a leading indicator of revenue as it represents sales activity not yet recognized in revenue, it is not necessarily indicative of future revenue growth as it is influenced by several factors, including seasonality, contract renewal timing, average contract terms and foreign currency exchange rates. Box monitors RPO to manage the business and evaluate performance. Box considers RPO to be a significant performance measure. Box does not consider RPO to be a non-GAAP financial measure as it is calculated in accordance with GAAP, specifically under ASC Topic 606.

Free cash flow. Box defines free cash flow as cash flows from operating activities less purchases of property and equipment, principal payments of finance lease liabilities, capitalized internal-use software costs, and other items that did not or are not expected to require cash settlement and that management considers to be outside of Box’s core business. Box specifically identifies adjusting items in the reconciliation of GAAP to non-GAAP financial measures. Box considers free cash flow to be a profitability and liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that can possibly be used for investing in Box's business and strengthening its balance sheet, but it is not intended to represent the residual cash flow available for discretionary expenditures. The presentation of non-GAAP free cash flow is also not meant to be considered in isolation or as an alternative to cash flows from operating activities as a measure of liquidity.

The accompanying tables have more details on the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures.

About Box

Box (NYSE:BOX) is a leading Cloud Content Management platform that enables organizations to accelerate business processes, power workplace collaboration, and protect their most valuable information, all while working with a best-of-breed enterprise IT stack. Founded in 2005, Box simplifies work for leading organizations globally, including AstraZeneca, General Electric, JLL and Morgan Stanley. Box is headquartered in Redwood City, CA, with offices in the United States, Europe, and Asia. To learn more about Box, visit http://www.box.com. To learn more about how Box powers nonprofits to fulfill their missions, visit Box.org.

BOX, INC.



CONDENSED CONSOLIDATED BALANCE SHEETS

(In Thousands)






January 31,





January 31,









2020



*

2019



**





(Unaudited)













ASSETS



















Current assets:



















Cash and cash equivalents



$

195,586





$

217,518





Accounts receivable, net





209,434







175,130





Prepaid expenses and other current assets





21,865







14,223





Deferred commissions





30,841







21,683





Total current assets





457,726







428,554





Property and equipment, net





190,976







137,703





Operating lease right-of-use assets, net





197,806













Goodwill





18,740







18,740





Restricted cash













238





Deferred commissions, non-current





62,762







53,880





Other long-term assets





27,104







11,046





Total assets



$

955,114





$

650,161





LIABILITIES AND STOCKHOLDERS’ EQUITY



















Current liabilities:



















Accounts payable



$

16,752





$

15,431





Accrued compensation and benefits





32,516







34,484





Accrued expenses and other current liabilities





26,768







31,378





Finance lease liabilities





54,634







28,317





Operating lease liabilities





40,339













Deferred revenue





407,493







353,590





Total current liabilities





578,502







463,200





Debt, non-current





40,000







40,000





Finance lease liabilities, non-current





83,427







44,597





Operating lease liabilities, non-current





206,141













Deferred revenue, non-current





16,356







21,451





Other long-term liabilities





8,331







49,508





Total liabilities





932,757







618,756





Stockholders’ equity:



















Common stock (1)





15







14





Additional paid-in capital





1,302,072







1,166,443





Treasury stock





(1,177

)





(1,177

)



Accumulated other comprehensive (loss) income





(307

)





23





Accumulated deficit





(1,278,246

)





(1,133,898

)



Total stockholders’ equity





22,357







31,405





Total liabilities and stockholders' equity



$

955,114





$

650,161





(1)

As of January 31, 2020, there were 150,611 shares of Box’s Class A common stock outstanding.


*

As reported and disclosed under ASC Topic 842

**

As reported and disclosed under ASC Topic 840

BOX, INC.



CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In Thousands, Except Per Share Data)

(Unaudited)






Three Months Ended





Fiscal Year Ended









January 31,





January 31,









2020



*

2019



**

2020



*

2019



**

Revenue



$

183,585





$

163,713





$

696,264





$

608,386





Cost of revenue (1)(2)





56,719







47,197







215,577







173,594





Gross profit





126,866







116,516







480,687







434,792





Operating expenses:



































Research and development (2)





53,161







41,362







199,750







163,750





Sales and marketing (1)(2)





75,451







73,738







317,615







312,210





General and administrative (1)(2)





26,835







23,110







102,794







93,069





Total operating expenses





155,447







138,210







620,159







569,029





Loss from operations





(28,581

)





(21,694

)





(139,472

)





(134,237

)



Interest expense, net





(1,197

)





(108

)





(2,338

)





(316

)



Other (loss) income, net





(288

)





2,582







(1,128

)





1,339





Loss before provision for income taxes





(30,066

)





(19,220

)





(142,938

)





(133,214

)



Provision for income taxes





324







474







1,410







1,398





Net loss



$

(30,390

)



$

(19,694

)



$

(144,348

)



$

(134,612

)



Net loss per share, basic and diluted



$

(0.20

)



$

(0.14

)



$

(0.98

)



$

(0.95

)



Weighted-average shares used to compute net loss per share, basic and diluted





150,031







143,703







147,762







141,351









































(1) Intangible assets amortization was not material for the periods presented.

(2) Includes stock-based compensation expense as follows:









































Three Months Ended





Fiscal Year Ended









January 31,





January 31,









2020





2019





2020





2019





Cost of revenue



$

4,370





$

3,785





$

16,769





$

14,065





Research and development





17,687







11,521







62,565







45,189





Sales and marketing





9,386







9,163







38,030







36,864





General and administrative





7,620







5,741







28,624







23,178





Total stock-based compensation



$

39,063





$

30,210





$

145,988





$

119,296





*

As reported and disclosed under ASC Topic 842

**

As reported and disclosed under ASC Topic 840

BOX, INC.



CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands)

(Unaudited)






Three Months Ended





Fiscal Year Ended









January 31,





January 31,









2020



*

2019



**

2020



*

2019



**

CASH FLOWS FROM OPERATING ACTIVITIES:



































Net loss



$

(30,390

)



$

(19,694

)



$

(144,348

)



$

(134,612

)



Adjustments to reconcile net loss to net cash provided by operating activities:



































Depreciation and amortization





17,322







11,643







59,424







46,320





Stock-based compensation expense





39,063







30,210







145,988







119,296





Amortization of deferred commissions





7,562







5,092







25,922







17,323





Loss (gain) on disposal of property and equipment





49







(1

)





47







585





Gain on sale of a strategic equity investment













(2,035

)













(2,035

)



Other





(81

)





17







(194

)





4





Changes in operating assets and liabilities



































Accounts receivable, net





(101,041

)





(69,416

)





(34,304

)





(12,415

)



Deferred commissions





(17,391

)





(14,504

)





(43,962

)





(37,561

)



Operating lease right-of-use assets, net





9,004















35,449













Prepaid expenses and other assets





(3,819

)





(416

)





(7,108

)





(4,999

)



Accounts payable





4,101







1,901







(100

)





1,655





Accrued expenses and other liabilities





2,541







14,735







(5,851

)





(2,172

)



Operating lease liabilities





(10,108

)













(35,058

)











Deferred revenue





98,202







73,800







48,808







63,932





Net cash provided by operating activities





15,014







31,332







44,713







55,321





CASH FLOWS FROM INVESTING ACTIVITIES:



































Purchases of property and equipment





(1,231

)





(2,195

)





(5,452

)





(14,808

)



Capitalized internal-use software costs





(1,475

)





(1,418

)





(7,957

)





(2,761

)



Proceeds from sales of property and equipment





2















8







2





Proceeds from sale of a strategic equity investment





105







1,874







105







1,874





Acquisitions





























(458

)



Net cash used in investing activities





(2,599

)





(1,739

)





(13,296

)





(16,151

)



CASH FLOWS FROM FINANCING ACTIVITIES:



































Proceeds from exercise of stock options





2,957







1,350







5,965







16,326





Proceeds from issuances of common stock under employee stock purchase plan





















23,425







21,861





Employee payroll taxes paid related to net share settlement of restricted stock units





(8,273

)





(6,923

)





(43,328

)





(43,824

)



Principal payments of finance lease liabilities





(12,342

)





(6,738

)





(38,542

)





(23,930

)



Acquisition related contingent consideration





















(936

)











Net cash used in financing activities





(17,658

)





(12,311

)





(53,416

)





(29,567

)



Effect of exchange rate changes on cash, cash equivalents, and restricted cash





(61

)





132







(171

)





(273

)



Net (decrease) increase in cash, cash equivalents, and restricted cash





(5,304

)





17,414







(22,170

)





9,330





Cash, cash equivalents, and restricted cash, beginning of period





200,890







200,342







217,756







208,426





Cash, cash equivalents, and restricted cash, end of period



$

195,586





$

217,756





$

195,586





$

217,756





*

As reported and disclosed under ASC Topic 842

**

As reported and disclosed under ASC Topic 840

BOX, INC.



RECONCILIATION OF GAAP TO NON-GAAP DATA

(In Thousands, Except Per Share Data and Percentages)

(Unaudited)






Three Months Ended





Fiscal Year Ended









January 31,





January 31,









2020





2019





2020





2019





GAAP operating loss



$

(28,581

)



$

(21,694

)



$

(139,472

)



$

(134,237

)



Stock-based compensation





39,063







30,210







145,988







119,296





Intangible assets amortization





























24





Fees related to shareholder activism





199















1,154













Restructuring activities





1,651















1,651













Non-GAAP operating income (loss)



$

12,332





$

8,516





$

9,321





$

(14,917

)







































GAAP operating margin





(15

)

%



(13

)

%



(20

)

%



(22

)

%

Stock-based compensation





21







18







21







20





Intangible assets amortization



































Fees related to shareholder activism



































Restructuring activities





1





























Non-GAAP operating margin





7



%



5



%



1



%



(2

)

%





































GAAP net loss



$

(30,390

)



$

(19,694

)



$

(144,348

)



$

(134,612

)



Stock-based compensation





39,063







30,210







145,988







119,296





Intangible assets amortization





























24





Fees related to shareholder activism





199















1,154













Gain on investment in strategic equity securities













(2,035

)













(2,035

)



Restructuring activities





1,651















1,651













Non-GAAP net income (loss)



$

10,523





$

8,481





$

4,445





$

(17,327

)







































GAAP net loss per share, basic and diluted



$

(0.20

)



$

(0.14

)



$

(0.98

)



$

(0.95

)



Stock-based compensation





0.26







0.21







0.99







0.84





Intangible assets amortization



































Fees related to shareholder activism





















0.01













Gain on investment in strategic equity securities













(0.01

)













(0.01

)



Restructuring activities





0.01















0.01













Non-GAAP net income (loss) per share, basic



$

0.07





$

0.06





$

0.03





$

(0.12

)



Non-GAAP net income (loss) per share, diluted



$

0.07





$

0.06





$

0.03





$

(0.12

)



Weighted-average shares used to compute GAAP net loss per share, basic and diluted





150,031







143,703







147,762







141,351





Weighted-average shares used to compute Non-GAAP net income (loss) per share



































Basic





150,031







143,703







147,762







141,351





Diluted





155,673







150,009







153,755







141,351









































Net cash provided by operating activities



$

15,014





$

31,332





$

44,713





$

55,321





Purchases of property and equipment





(1,231

)





(2,195

)





(5,452

)





(14,808

)



Principal payments of finance lease liabilities





(12,342

)





(6,738

)





(38,542

)





(23,930

)



Capitalized internal-use software costs





(1,475

)





(1,418

)





(7,957

)





(2,761

)



Free cash flow



$

(34

)



$

20,981





$

(7,238

)



$

13,822





Net cash used in investing activities



$

(2,599

)



$

(1,739

)



$

(13,296

)



$

(16,151

)



Net cash used in financing activities



$

(17,658

)



$

(12,311

)



$

(53,416

)



$

(29,567

)







































BOX, INC.



RECONCILIATION OF GAAP REVENUE TO BILLINGS

(In Thousands)

(Unaudited)






Three Months Ended





Fiscal Year Ended









January 31,





January 31,









2020





2019





2020





2019





GAAP revenue



$

183,585





$

163,713





$

696,264





$

608,386





Deferred revenue, end of period





423,849







375,041







423,849







375,041





Less: deferred revenue, beginning of period





(325,647

)





(301,241

)





(375,041

)





(311,109

)

*

Contract assets, beginning of period





76







216







3







582





Less: contract assets, end of period













(3

)













(3

)



Billings



$

281,863





$

237,726





$

745,075





$

672,897









































*

Balance as of February 1, 2018 upon the adoption of ASC Topic 606

RECONCILIATION OF GAAP NET LOSS TO NON-GAAP NET INCOME PER SHARE GUIDANCE

(In Thousands, Except Per Share Data)

(Unaudited)






Three Months Ended





Fiscal Year Ended









April 30, 2020





January 31, 2021





GAAP net loss per share range, basic and diluted



$

(0.25

)

-

$

(0.23

)



$

(0.78

)

-

$

(0.71

)



Stock-based compensation





0.29







0.29







1.17







1.17





Non-GAAP net income per share range, basic



$

0.04



-

$

0.06





$

0.39



-

$

0.46





Non-GAAP net income per share range, diluted



$

0.04



-

$

0.06





$

0.38



-

$

0.44









































Weighted-average shares used to compute GAAP net loss per share, basic and diluted



151,146





154,218





Weighted-average shares used to compute Non-GAAP net income per share:



































Basic



151,146





154,218





Diluted



156,593





160,233








View source version on businesswire.com: https://www.businesswire.com/news/home/20200226005872/en/

Investors:
Alice Kousoum Lopatto and Elaine Gaudioso
+1 650-209-3467
ir@box.com

Media:
Denis Roy and Rachel Levine
+1 650-543-6926
press@box.com
👍️0
ClayTrader ClayTrader 5 years ago
* * $BOX Video Chart 11-27-2019 * *

Link to Video - click here to watch the technical chart video

👍️0
TFMG TFMG 5 years ago
$BOX WEAK CHART AND TECHNICALS INTO EARNINGS

GIVEN THE MARKET SENTIMENT TODAY, BOX HAS EVEN MORE PRESSURE ON ITS EARNINGS TONIGHT, REGARDLESS OF RESULTS, SELLING WILL PROBABLY ENSUE WHICH COULD CREATE A NICE ENTRY FOR A LONG POSITION IN THE DAYS TO COME.

👍️0
ortco1 ortco1 6 years ago
A buy soon... BOX
👍️0
ITMS ITMS 6 years ago
Box Inc $BOX Got Crushed, Now This Level Is In Play

Yesterday, leading cloud based content management company, Box Inc (NYSE:BOX), sold off by nearly 10.0 percent after reporting earnings. Traders should note that the stock is now trading below its important 50-day moving average. The stock is now testing the pivot low area from August 2, 2018 around the $23.23 level. A daily close below this important support area would signal another decline for the stock. The next key support area for the stock would be around the $21.50 level. This is an area where the stock broke out in April 2018. I will be watching this stock for a long side trade when the shares trade down to this level.





Nicholas Santiago
InTheMoneyStocks
👍️0
puffadder puffadder 6 years ago
Gonna bust $30 soon
👍️0
puffadder puffadder 6 years ago
Going higher in a hurry
👍️0
ortco1 ortco1 6 years ago

BOX
Box stock price target raised to $30 from $25 at Canaccord Genuity

10:51 am ET May 31, 2018 (MarketWatch)





👍️0
ortco1 ortco1 6 years ago
Oh yes I jumped in and got a bunch ... and today is a strong up day.
👍️0
puffadder puffadder 6 years ago
Yep - overreaction like last quarter
👍️0
ortco1 ortco1 6 years ago
We will pop again box
👍️0
scruffynyc1 scruffynyc1 6 years ago
Just love how the BULLISH BASE predicted the post earnings 'crush'.

Chart voo doo.
👍️0
ITMS ITMS 6 years ago
Box Inc $BOX Gets Crushed, Watch This Trade Level

Box Inc (NYSE:BOX) is a leading cloud based storage provider that came public in February 2015. Last night, the company reported earnings that are not being well received by the street. Today, the stock is trading lower by more than 10.0 percent to $24.82 a share. Traders should note that the stock was forming a bullish base before the earnings announcement, that pattern could be broken today. A failure of the pattern should indicate further downside for the stock in the near term. The next important daily chart support level for BOX will be around the $22.50 area. This is where the stock broke out in late April 2018. This trade level should be solid support when initially retested.




Nicholas Santiago
InTheMoneyStocks
👍️0
north40000 north40000 6 years ago
From the 2018 SOHN Conference, 04/23/2018 seen on CNBC-TV:

Chamath Palihapitiya

The founder and CEO of Social Capital said his firm “still believes” in Tesla Inc (NASDAQ: TSLA) and considers CEO Elon Musk a “Modern Edison.”

Palihapitiya is also long Box Inc (NYSE: BOX), which he called a “really interesting disruptive company” and his favorite way to play artificial intelligence. He anticipates 10-times upside in 10 years for Box’s stable core business, consistent revenue growth and market fit.

BOX is his #1 investment idea, 2018, for its presence in Enterprise AI and cloud storage of data.
👍️0
Pennybuster Pennybuster 6 years ago
$BOX Picking up a Starter Here.
👍️0
mick mick 6 years ago
http://www.stockscores.com/charts/charts/?ticker=BOX
👍️0
mick mick 6 years ago
NICE HOLDINGS $BOX
👍️0
puffadder puffadder 6 years ago
Put it up for sale Levie
👍️0
puffadder puffadder 6 years ago
BOX dissappoints again and again and ....
👍️0
Kofis07 Kofis07 6 years ago
What the heck I expected this to jump with record earnings! The market makes no sense at all
👍️0
mick mick 6 years ago
http://www.barchart.com/detailedquote/stocks/BOX
👍️0
mick mick 6 years ago
http://www.barchart.com/snapopinion/stocks/BOX
👍️0
mick mick 6 years ago
Box Class A (BOX)
23.07 ? 0.36 (1.59%)
Volume: 1,606,345 @ 4:44:18 PM EST ET
Bid Ask Day's Range
- - 22.66 - 23.3193
BOX Detailed Quote
👍️0
mick mick 7 years ago
http://www.barchart.com/snapopinion/stocks/BOX
👍️0
mick mick 7 years ago
https://www.stockscores.com/charts/charts/?ticker=BOX
👍️0
mick mick 7 years ago
Box Class A (BOX)
19.345 ? -0.295 (-1.50%)
Volume: 2,745,197 @ 1:22:57 PM EDT ET
Bid Ask Day's Range
- - 18.75 - 19.785
BOX Detailed Quote
👍️0
puffadder puffadder 7 years ago
MSFT huge beat on Cloud Revs!
👍️0
mick mick 7 years ago
Box Class A (BOX)
18.19 ? 0.42 (2.36%)
Volume: 978,347 @ 4:32:31 PM ET
Bid Ask Day's Range
- - 17.81 - 18.23
BOX Detailed Quote
👍️0
puffadder puffadder 7 years ago
3 mil at the close - cover or something bigger
👍️0
mick mick 7 years ago
BOX News: Additional Proxy Soliciting Materials (definitive) (defa14a) 05/10/2017 05:05:47 PM
BOX News: Proxy Statement (definitive) (def 14a) 05/10/2017 05:03:15 PM
BOX News: Box Sets Date to Announce First Quarter Fiscal 2018 Financial Results 05/08/2017 08:00:00 AM
BOX News: Box Announces Department of Defense Level 4 Authorization and Launches Box KeySafe for Government 04/26/2017 11:00:00 AM
BOX News: Box Introduces New Flexible Pricing Model for Box Platform 04/25/2017 12:00:00 PM
👍️0
mick mick 7 years ago
Box Class A (BOX)
18.29 ? 0.12 (0.66%)
Volume: 531,990 @ 7:59:48 PM ET
Bid Ask Day's Range
- - 18.08 - 18.3
BOX Detailed Quote
👍️0
mick mick 7 years ago
Box Class A (BOX)
16.68 ? -0.14 (-0.83%)
Volume: 1,634,741 @ 4:28:53 PM ET
Bid Ask Day's Range
- - 16.54 - 16.8383
BOX Detailed Quote
👍️0
mick mick 7 years ago
BOX News: Statement of Changes in Beneficial Ownership (4) 03/17/2017 04:46:28 PM
BOX News: Statement of Changes in Beneficial Ownership (4) 03/17/2017 04:24:27 PM
BOX News: Statement of Changes in Beneficial Ownership (4) 03/17/2017 04:23:52 PM
BOX News: Statement of Changes in Beneficial Ownership (4) 03/17/2017 04:22:59 PM
BOX News: Box Expands Box Zones to Britain 03/08/2017 05:00:00 AM
👍️0
mick mick 7 years ago
Box Class A (BOX)
16.19 ? 0.11 (0.68%)
Volume: 1,015,808 @ 4:20:40 PM ET
Bid Ask Day's Range
- - 15.73 - 16.215
BOX Detailed Quote
👍️0
mick mick 7 years ago
https://www.barchart.com/stocks/quotes/box
👍️0
mick mick 7 years ago
BOX News: Amended Statement of Ownership (sc 13g/a) 02/10/2017 02:03:54 PM
BOX News: Amended Statement of Ownership (sc 13g/a) 02/10/2017 01:30:57 PM
BOX News: Box and Mendix Partner to Accelerate Development of Enterprise Apps 02/09/2017 12:00:00 PM
BOX News: Amended Statement of Ownership (sc 13g/a) 02/08/2017 03:46:11 PM
BOX News: Box Reimagines Developer Experience for Building Enterprise Applications 02/08/2017 12:00:00 PM
👍️0
mick mick 7 years ago
Box Class A (BOX)
18.02 ? -0.18 (-0.99%)
Volume: 1,252,380 @ 6:54:04 PM ET
Bid Ask Day's Range
- - 17.85 - 18.24
BOX Detailed Quote
👍️0
Paul From Brooklyn Paul From Brooklyn 8 years ago
BOX is at $17.06. The highest it has reached is $17.39. I think it has a good chance of breaking that today...
👍️0
mick mick 8 years ago
Box Class A (BOX)
13.77 ? 0.07 (0.51%)
Volume: 367,124 @ 4:22:21 PM ET
Bid Ask Day's Range
- - 13.56 - 13.96
BOX Detailed Quote
👍️0
mick mick 8 years ago
BOX News: Statement of Changes in Beneficial Ownership (4) 12/22/2016 06:44:33 PM
BOX News: Statement of Changes in Beneficial Ownership (4) 12/22/2016 06:43:48 PM
BOX News: Statement of Changes in Beneficial Ownership (4) 12/21/2016 04:20:38 PM
BOX News: Statement of Changes in Beneficial Ownership (4) 12/21/2016 04:19:26 PM
BOX News: Statement of Changes in Beneficial Ownership (4) 12/13/2016 05:27:11 PM
👍️0
mick mick 8 years ago
Box Class A (BOX)
15.2 ? -0.28 (-1.81%)
Volume: 316,995 @ 10:56:47 AM ET
Bid Ask Day's Range
- - 15.16 - 15.47
BOX Detailed Quote
👍️0
mick mick 8 years ago
BOX News: Current Report Filing (8-k) 11/30/2016 04:15:19 PM
BOX News: Box Reports Record Third Quarter Revenue of $102.8 Million, Up 31% Year-Over-Year 11/30/2016 04:05:00 PM
BOX News: Update: Box to Present at the Credit Suisse and Raymond James Conferences 11/22/2016 08:00:00 AM
BOX News: Box to Present at the Credit Suisse and Raymond James Conferences 11/16/2016 08:00:00 AM
BOX News: Box Announces Significant Momentum in Life Sciences 11/09/2016 09:00:00 AM
👍️0
ValueInvestor15 ValueInvestor15 8 years ago
BOX looks to be trading at a 14% premium. Stayin on sidelines before earnings

Fair Value Analysis
👍️0

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