Benzinga | Aug 9, 2021 05:55PM EDT

SailPoint Sees Q3 Adj. EPS $(0.07)-$(0.06) vs $(0.03), Sales $102M-$104M vs $103.69M Est.l Sees FY21 Adj. EPS (0.08)-$(0.04) vs $(0.10) Est., Sales $408M-$412M vs $409.15M Est.

Financial Outlook:

For the third quarter of 2021, SailPoint expects:

* Total ARR in the range of $315.0 million to $317.0 million

* Revenue in the range of $102.0 million to $104.0 million

* Non-GAAP loss from operations in the range of $(9.0) million to $(7.0) million

* Non-GAAP net loss per basic and diluted common share in the range of $(0.07) to $(0.06), based on an estimated non-GAAP income tax rate of 24% and 93.0 million basic and diluted common shares outstanding. Expectations of non-GAAP loss from operations and non-GAAP net loss per basic and diluted common share exclude items outlined in the "Non-GAAP Financial Measures" section below.

For the full year 2021, SailPoint expects:

* Total ARR in the range of $343.0 million to $347.0 million

* Revenue in the range of $408.0 million to $412.0 million

* SaaS revenue in the range of $103.0 million to $106.0 million

* Non-GAAP loss from operations in the range of $(10.0) million to $(5.0) million

* Non-GAAP net loss per basic and diluted common share in the range of $(0.08) to $(0.04), based on an estimated non-GAAP income tax rate of 24% and 94.0 million basic and diluted common shares outstanding. Expectations of non-GAAP loss from operations and non-GAAP net loss per basic and diluted common share exclude items outlined in the "Non-GAAP Financial Measures" section below.