Braze Results Presentation Deck
Financial Highlights:
Revenue of $98.7 million, up 40.1% YoY and 6.0% sequentially
●
●
●
●
●
●
Q4'23 Results Highlights
●
●
GAAP gross margin of 66.1%, up 130 basis points YoY; non-GAAP gross margin of 67.0%, down 20 basis points YoY
Dollar-based net retention rate of 124% compared to 128% in the prior year quarter and 126% in Q3
GAAP operating loss of $36.5 million compared to a loss of $42.6 million in the prior year quarter; non-GAAP operating loss of $16.7 million compared
to a loss of $13.4 million in the prior year quarter
Customer and Strategic Highlights:
Customer count increased to 1,770 as of January 31, 2023
New business wins and upsells included Warner Bros. Discovery, Finish Line, McClatchy Media Company, MyFitnessPal, Sonic Drive-in, and Heycar
Published third annual Customer Engagement Report, combining data from over 1,500 marketing decision makers across 14 global markets
Named as a leader in the Forrester WaveTM for Cross Channel Marketing Hubs, Q1 2023
Launched WhatsApp Messaging to help brands build deeper customer relationships
Announced strategic partnership with WPP to better serve existing customers and drive adoption of the Braze Customer Engagement Platform
Entered into an agreement to acquire North Star, Braze's exclusive reseller in Australia and New Zealand
See Appendix for GAAP to non-GAAP reconciliation
GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.35, compared to a loss of $0.55 in the prior year quarter; non-
GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.14 compared to a loss of $0.18 in the prior year quarter
Net cash provided by operating activities was $0.01 million compared to net cash used in operating activities of $24.5 million in the prior year quarter
Free cash flow was ($1.9) million compared to ($26.0) million in the prior year quarter
brazeView entire presentation