Samsara

Samsara, Inc. develops Internet connected sensor systems. It combines plug-and-play sensors, wireless connectivity, and cloud-hosted software integrated for deployment. The company was founded by John Bicket and Sanjit Biswas in 2015 and is headquartered in San Francisco, CA.

Earnings data Q4 2021

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Samsara reports robust Q1 performance, focuses on digital transformation and ESG goals

Samsara's Q1 performance showcased strong growth in ARR and revenue, driven by a record number of new large customers. The company's focus on digital transformation and ESG goals presents opportunities for further expansion. While the hiring environment remains favorable, the company anticipates a lower growth rate in headcount compared to the previous year.

Samsara reports strong Q2 performance and raises full-year revenue guidance

Samsara's Q2 performance showcased strong growth in ARR and revenue, with a focus on investing in sales capacity and achieving positive free cash flow. While the company faces challenges with upcoming product releases and privacy concerns, it has opportunities for growth through new product introductions and momentum in state and local markets.

Samsara surpasses $1 billion in ARR, raises FY '24 revenue guidance

Samsara's Q3 2024 Earnings Call showcased strong financial performance, with a focus on surpassing $1 billion in ARR and positive non-GAAP operating profit. The company emphasized its impact on customers' operations and ROI, while also highlighting opportunities for international market scaling and product expansion.

Samsara excels in Q4 2023, eyes public sector growth

Samsara delivered strong financial performance in Q4 2023, showcasing robust growth and achieving key milestones in revenue and free cash flow margin.
The company's platform, renewal success, and competitive differentiation position it well for continued success, despite facing challenges in achieving free cash flow breakeven.
Opportunities in the public sector, API integrations, and gross margin optimization provide avenues for future growth and business leverage for Samsara.

Samsara excels in Q1, eyes international expansion and profitability

Samsara's Q1 success is underscored by strong financial metrics, customer additions, and leadership transitions. The company's strategic focus on AI, ESG, and operational efficiency positions it well for future growth and profitability.

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Samsara's connected operations cloud brings improved safety, efficiency and returns on investment to its customers. The company's key competitive advantage is its data advantage, where it collects more than six trillion data points each year. The growth playbook is similar to other software players, growing with existing and new customers, expanding internationally and launching new products.

Samsara: Data Advantage Hard To Justify Sky-High Valuation

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced the winners of its 2023 Connected Operations Awards. This year's honorees represent the people and organizations that help power our world. Each uses Samsara's platform to unlock insights that lead to impactful outcomes for their organizations and the communities they serve. “At Samsara, we believe technology informs but people transform. Our winners demonstrate.

Samsara Announces 2023 Connected Operations Award Winners

Samsara, Inc. NYSE: IOT stock surges through 52-week highs on the heels of its fiscal Q1 2024 earnings and raised guidance. Samsara puts theory into action, making internet-of-things (IoT) a reality for companies with its Connected Operations Cloud (COC) platform.

AI-powered IoT Automation is Driving Samsara To New Highs

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced that it will host its Investor Day on June 22, 2023 from 12:30 - 3:00 p.m. Pacific time (3:30 - 6:00 p.m. Eastern time). Members of Samsara's executive leadership team, including Sanjit Biswas (CEO and Co-Founder) and Dominic Phillips (CFO), will discuss updates to the Company's vision, product platform, customer momentum, and financials. A live webcast will begi.

Samsara To Host Investor Day on June 22, 2023

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced the appointment of Lara Caimi as President of Worldwide Field Operations. Caimi joins Samsara's executive management team, reporting to Sanjit Biswas, CEO and Co-founder. Caimi is a recognized technology leader, with nearly 25 years of experience in the industry. Caimi joins Samsara from ServiceNow, where she served as Chief Customer and Partner Officer, overseei.

Samsara Welcomes Lara Caimi as President, Worldwide Field Operations

Samsara is an interesting industrial IoT play, showing topline sales growth while making gradual progress on the bottom line. The business has seen steady growth, in line with expectations. Shares have come to life again, arguably on the back of the AI craze, making current valuations more than full in my view.

Samsara: Benefiting From The AI Craze

Following a rather impressive earnings call, shares of Samsara (NYSE: IOT ) are surging today. At the time of writing, IOT stock has moved roughly 30% higher as investors pile into this cloud services and Internet of Things (IoT) company.

5 Investors Betting Big on Samsara (IOT) Stock Now

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The industrial internet of things specialist crushed analyst targets and its own guidance in the first quarter of fiscal year 2024. The secret sauce?

Samsara Soars on Stellar Earnings From AI-Powered Services

MEXICO CITY--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), pioneer of the Connected Operations™ Cloud, today announces its partnership with Paquetexpress, based in Mexico, to improve road safety in its fleet. With over 3,200 vehicles, Paquetexpress is one of the Mexican leaders in logistics, parcel and courier services. It is committed to delivering parcels and courier services swiftly, safely, and reliably. Samsara is helping it achieve these aims through integrated solutions that offer Paquetexp.

Paquetexpress chooses Samsara's Connected Operations Cloud to improve fleet safety

Samsara, Inc. (NYSE:IOT ) Q1 2024 Earnings Conference Call June 1, 2023 5:00 PM ET Company Participants Mike Chang - VP, Corporate Development & IR Sanjit Biswas - Co-Founder, CEO & Chairman Dominic Phillips - EVP & CFO Conference Call Participants Aleksandr Zukin - Wolfe Research Sterling Auty - MoffettNathanson Christopher Quintero - Morgan Stanley Kirk Materne - Evercore ISI James Fish - Piper Sandler & Co. Michael Turrin - Wells Fargo Securities Matthew Pfau - William Blair & Company Junaid Siddiqui - Truist Securities James Wood - TD Cowen Mike Chang Good afternoon, and welcome to Samsara's First Quarter Fiscal 2024 Earnings Call. I'm Mike Chang, Samsara's Vice President of Corporate Development and Investor Relations.

Samsara, Inc. (IOT) Q1 2024 Earnings Call Transcript

Samsara Inc. (IOT) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.05 per share a year ago.

Samsara Inc. (IOT) Reports Q1 Loss, Tops Revenue Estimates

Samsara narrower-than-expected Q1 loss while revenue topped estimates. The company's revenue outlook topped views, sending IOT stock up.

Samsara Earnings Beat Estimates, Revenue Outlook Above Wall Street Targets

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations Cloud, reported financial results for the first quarter ended April 29, 2023, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com. “We delivered another strong quarter of growth, with ending ARR of over $850 million, growing more than 40% year-over-year,” said Sanjit Biswas, CEO and co-founder of Samsara. “In this current environment, ou.

Samsara Reports First Quarter Fiscal Year 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced that its management will present at the following upcoming investor conference: William Blair 43rd Annual Growth Stock Conference Date: Tuesday, June 6, 2023 Time: 10:00 a.m. CT (8:00 a.m. PT) A live audio-only webcast of the presentation will be available under the “Events and Presentations” section of Samsara's investor relations website at investors.samsara.com.

Samsara to Present at William Blair's 43rd Annual Growth Stock Conference

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced an integration with Simply Fuel Solutions, an E.J. Ward Company. Customers can now view real-time insights from Samsara alongside the rest of their fuel management data in E.J. Ward's Fuel Interface to better monitor fuel usage, reduce costs, and improve operational efficiency. E.J. Ward, Inc., an existing Samsara reseller, has been at the forefront of fuel manag.

Samsara Integrates with E.J. Ward, Inc. to Streamline Fuel Management for Private and Public Sector Fleets

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SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced its 2023 State of Connected Operations Report, offering a new look into how the organizations within industries that drive more than 40% of the global GDP* are reinventing their operations. With perspectives from more than 1,500 physical operations leaders across nine countries, the report uncovers the investment strategies leaders are pursuing to build new reven.

Physical Operations Leaders Step Up Investments in Workforce and Technology to Reinvent Operations, Samsara Research Shows

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SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced that it will release its financial results for the first quarter of fiscal year 2024, which ended April 29, 2023, after the U.S. market closes on Thursday, June 1, 2023. Samsara will host a live webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Event: Samsara's First Quarter Fiscal Year 2024 Financial Results Date: Thursd.

Samsara To Announce First Quarter Fiscal Year 2024 Financial Results On June 1, 2023

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, is now Certified™ by Great Place To Work® in the United States and the United Kingdom. Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation. Samsara's recognition is based primarily on what current U.S. and U.K. employees state ab.

Samsara Earns 2023 Great Place To Work Certification™

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, in partnership with research and advisory institute The Center for Digital Government (CDG), published new research on why government agencies are accelerating digital transformation and the barriers that stand in the way of progress. With U.S. state and local government IT spending forecasted to reach $137 billion this year, the survey of 100 government leaders reveals investme.

Center for Digital Government and Samsara Research Uncovers New Urgency for Digital Transformation Among Government Leaders

Samsara: Impressive Growth Trajectory But Limited Upside From Here.

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SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today released its annual Environmental, Social, and Governance (ESG) report titled, “Building a safer and more sustainable world.” The report details Samsara's environmental and social progress this past year and how integrity and ethics are at the forefront of its governance structure.

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