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15th September 2021 Darktrace plc Results for the Financial Year Ended 30th June 2021 Robust financial and operational performance with strong growth during the period Darktrace plc ( DARK.L ) ( together with its subsidiaries , “ Darktrace " or " the Group " ) a global leader in cyber security Al , today provides its results for the financial year ended 30th June 2021 . Financial Performance 41.3 % year - on - year revenue growth 45.3 % year - on - year growth in customer base Increasing expectations for FY 2022 ● Revenue ( $ ' 000 ) Gross margin ( % ) EBIT or operating ( loss ) ( $ ' 000 ) Net ( loss ) ( $ ' 000 ) FY 2021 281,341 89.9 % ( 38,514 ) ( 149,588 ) FY 2020 199,076 91.2 % ( 24,903 ) ( 28,672 ) EBITDA ( $ ' 000 ) 2,791 Adjusted EBITDA ( $ ' 000 ) 29,724 Cash inflow / ( outflow ) before financing activities ( $ ' 000 ) 34,610 See " Definitions " below for the meanings and calculations of non - IFRS measures and other key performance indicators Operating Performance Operating highlights Constant currency ARR at 30 June ( $ ' 000 ) Net constant currency ARR Added ( $ ' 000 ) One year constant currency ARR gross churn at 30 June Net constant currency ARR retention rate at 30 June ( % ) Number of customers at 30 June 8,022 8,919 ( 3,415 ) Robust year - on - year revenue growth across all geographic markets and contract sizes . • Strong increase in adjusted EBITDA and move to positive cash flow before financing activities driven by both scale effects and a significant reduction in travel and entertainment costs from COVID - related global travel restrictions . % 41.3 % n / a 54.7 % 421.7 % -65.2 % 233.3 % n / a Year - over year increase in EBIT ( loss ) and reduction in EBITDA due to : o increased share - based payment charges and associated employer tax charges related to the IPO and transition to listed company equity compensation plan structures ; for FY 2021 , charges totalled $ 38.6 million compared to $ 10.3 million in FY 2020 , o non - recurring IPO - related costs totalling $ 15.3 million , o partially offset by reductions in travel and entertainment costs due to COVID - related global travel restrictions , which were $ 19.2 million lower in FY 2021 than in FY 2020 . • Year - on - year increase in net ( loss ) driven by $ 107.2 million in non - cash finance costs related to convertible loan notes ( convertible interest expense and accretion of embedded derivative value ) issued to certain shareholders in July 2020. These notes and associated finance costs were eliminated upon conversion to equity with the IPO . FY 2021 FY 2020 343,476 235,676 107,800 66,483 7.7 % 6.9 % 103.1 % 98.4 % 5605 3858 % 45.7 % 62.1 % n / a n / a 45.3 %