Summary by Moomoo AI
SentinelOne, a cybersecurity firm, reported a significant increase in revenue for fiscal year 2024, with a 47% growth to $621.2 million compared to $422.2 million in the previous year. Despite the revenue growth, the company experienced a net loss of $338.7 million in fiscal 2024, which was a slight improvement from the $378.7 million net loss in fiscal 2023. SentinelOne attributes the revenue increase to sales to new customers and additional sales to existing customers. The company's gross margin improved from 66% to 71% year-over-year, indicating higher efficiency in generating revenue from its cost of sales. SentinelOne's operating expenses, including research and development, sales and marketing, and general and administrative expenses, all saw increases due to personnel-related expenses and investment in business growth. The company...Show More