Glassbox Grows 30% in Revenue (Non-GAAP) While Operating Cash Burn is Reduced by 3% – The Bakersfield Californian
TEL AVIV, Israel–(BUSINESS WIRE)–Aug 17, 2022–
Glassbox (TASE:GLBX), a leading provider of digital experience analytics for web and mobile applications, today announced its financial results for the first half of 2022 totaling $46 million in annual recurring revenue (ARR). This latest report continues the growth trajectory for the company and is punctuated by an impressive 99% gross retention rate for large enterprise customers, well above the industry average. To aid that growth Glassbox has also improved its non-GAAP gross margins over the course of the first half of 2022. Additionally Glassbox has reduced its YoY operating cash burn to $7.1 million, although having additional new expenses associated with becoming a public company.
“Halfway through 2022, we have a lot to be proud of as a company,” said Glassbox CEO Yaron Morgenstern. “Glassbox has grown every quarter since going public and we continue to win competitive deals in new verticals and geographies. We will continue…
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source: https://news.oneseocompany.com/2022/08/17/glassbox-grows-30-in-revenue-non-gaap-while-operating-cash-burn-is-reduced-by-3-the-bakersfield-californian_2022081727560.html
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