dAtto: Fiscal 4Q20 Financial Results
Good figures and guidance after first year as public company
This is a Press Release edited by StorageNewsletter.com on March 15, 2021 at 2:33 pm| (in $ million) | 4Q19 | 4Q20 | FY19 | FY20 |
| Revenue | 126.1 | 139.0 | 458.8 | 518.8 |
| Growth | 10% | 13% | ||
| Net income (loss) | (8.2) | (7.2) | (31.2) | 22.5 |
DAtto Holding Corp., announced its financial results for the fourth-quarter and full year ended December 31, 2020.
“2020 was a milestone year for DAtto. We completed our first year as a public company, delivering full year subscription revenue growth of 18%, expanding cash flow margins and deepening our strong, global MSP partner relationships,” said Tim Weller, CEO. “Our strong fourth quarter and full year performance is a testament to the power of DAtto’s MSP-centric platform and the durability of our recurring revenue subscription model, even during these challenging times. Our sequential quarterly ARR growth of $20 million is continued evidence of the reacceleration of our business and the tailwinds from the digital transformation of SMBs. Looking ahead to 2021 in this increasingly hybrid cloud environment, we remain focused on providing MSPs and their SMB clients with best-in-class security, continuity, and remote monitoring and management solutions for complete cyber resilience. Cloud and security have been at the core of DAtto’s mission to protect digital assets since inception. Our recent acquisition of BitDam further advances the value we provide to our network of more than 17,000 MSP partners and we are well positioned take advantage of the large opportunities in front of us.”
Guidance:
1Q21: $142-$144 million
FY21: $582-$590 million
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