Samsara Inc. (NYSE:IOT) is one of the Ten actions to consider right now.
Samsara soared 19.54 percent on Friday to end at $35.36 apiece, as investor confidence was bolstered by a stellar earnings performance, having nearly erased its losses in the last fiscal year.
In an updated report, Samsara Inc. (NYSE:IOT) said it narrowed its net loss by 94 percent to $9 million in the fiscal year ended Jan. 31, from a net loss of $155 million a year earlier.
Photo from Samsara website.
Revenue also rose 28 percent to $1.6 billion from $1.25 billion year over year.
In the fourth quarter alone, Samsara Inc. (NYSE:IOT) posted net income of $22 million, reversing a net loss of $11.2 million in the year-ago quarter. Revenue rose 28 percent to $444.3 million from $346 million year over year.
“Fiscal 2026 was an exceptional year of durable and efficient growth,” said Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas, adding that the performance was driven by the scale of its data asset, which now captures more than 25 trillion data points annually to power its AI-powered platform.
For the first quarter of fiscal 2027, the company aims to generate revenue between $454 million and $456 million, or implied growth of 24 percent year-over-year.
For all of fiscal 2027 alone, revenue is expected to grow 21 to 22 percent to a range of $1.965 billion to $1.975 billion year-over-year.
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