10-Q quarterly report · filed Jun 7, 2019

Docusign Inc (DOCU) Q2 2019 10-Q Quarterly Report

Short answer

Docusign Inc (DOCU) filed its Q2 2019 10-Q quarterly report on Jun 7, 2019 for the quarter ended Apr 30, 2019.

Docusign Inc Q2 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $213.962M, up from $155.808M YoY, driven by subscription revenue of $201.458M, up 36%
  • Gross margin 75.7% vs 62.6% YoY; professional services margin negative 51% vs negative 240%
  • Operating margin negative 20% vs negative 172% YoY; net loss $45.722M vs $270.687M
  • Operating cash flow $45.655M vs $14.992M; capital expenditures $15.237M vs $6.184M
  • Cash, equivalents and investments $936.8M; $298.3M used for marketable securities and other investments
  • Outlook: continued operating losses expected amid investments in sales, marketing, software functionality and infrastructure

Risk Factors

  • No material-change statement or newly added risk identified in provided section
  • Regulatory: CCPA effective January 1, 2020, creating expanded privacy rights, civil penalties, and private data-breach actions
  • Legal: RPost1 patent trial scheduled July 15, 2019, with RPost2 trial scheduled December 9, 2019
  • Operational: Enterprise sales cycles generally three to nine months, delaying revenue recognition and increasing upfront sales costs
  • Financial: $575.0 million 0.5% Convertible Senior Notes due 2023, increasing future financing obligations

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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