Page 1

EX - 99.1 2 jamf - 20210511xex99d1.htm EX - 99.1 jamf Jamf Announces First Quarter 2021 Financial Results Q1 total revenue grew 34 % year - over - year to $ 81.2 million Q1 recurring revenu grew 37 % year - over - year to $ 74.9 million ARR grew 37 % year - over - year to $ 308.0 million as of March 31 , 2021 Exhibit 99.1 MINNEAPOLIS , MN May 11 , 2021 – Jamf ( NASDAQ : JAMF ) , the standard in Apple Enterprise Management , today announced financial results for its first quarter ended March 31 , 2021 . First Quarter 2021 Financial Highlights : ARR : ARR increased 37 % year - over - year to $ 308.0 million as of March 31 , 2021 . Revenue : Total revenue was $ 81.2 million , an increase of 34 % year - over - year . Recurring revenue was $ 74.9 million , an increase of 37 % year - over - year . Gross Profit : GAAP gross profit was $ 63.9 million , or 79 % of total revenue , compared to $ 45.4 million , or 75 % of total revenue , in the first quarter of 2020. Non - GAAP Gross Profit was $ 67.1 million , or 83 % of total revenue , compared to $ 48.1 million , or 80 % of total revenue , in the first quarter of 2020 . Operating Loss / Income : GAAP operating loss was $ 2.8 million , compared to $ 6.5 million in the first quarter of 2020. Non - GAAP Operating Income was $ 9.3 million , or 11 % of total revenue , compared to $ 4.3 million , or 7 % of total revenue , in the first quarter of 2020 . Cash Flow : Cash flow provided by operations was $ 4.0 million , compared to cash flow used by operations of $ 7.4 million in the first quarter of 2020. Unlevered free cash flow was $ 0.8 million , compared to ( $ 2.1 ) million in the first quarter of 2020 . A reconciliation between historical GAAP and non - GAAP information is contained in the tables below and the section titled " Non - GAAP Financial Measures " below contains reconciliations of these non - GAAP financial measures . " We experienced strong momentum and balanced growth across our business in the first quarter as current trends in mobile work , education technology and digital health continued to strengthen our value proposition to customers as well as our business results , " said Dean Hager , CEO of Jamf . " The year is off to a great start , and with the strategic acquisition of Wandera , we will enhance our leadership position in security with a uniquely comprehensive platform , including advanced security solutions like zero trust network access . We are excited to round out our offering to provide customers an Apple - first enterprise solution that connects , manages and protects all Apple devices , data and users . " Recent Business Highlights : Announced the acquisition of Wandera , a leader in zero trust cloud security and access for mobile devices , extending our leadership in Apple Enterprise Management . Completed the acquisition of the assets of cmdSecurity , a suite of security and compliance tools purpose built for macOS , extending the security capabilities of our platform . Completed the first quarter with 21.8 million Apple devices on our platform and more than 50,000 customers . Enhanced security capabilities with extended workflows in the Microsoft security ecosystem and expanded application titles for automated application lifecycle workflows . Expanded education capabilities with classroom management for Mac in the Jamf Teacher app and an Android version of the Jamf Parent app , empowering both teachers and parents with management control over all school - issued Apple devices . Announced same - day compatibility and key feature support across its product portfolio for Apple's spring releases , including iOS 14.5 , iPadOS 14.5 , macOS 11.3 and tvOS 14.5 . Ranked # 22 in the 2021 Fortune Best Workplaces in TechnologyTM , Jamf's first time being named to this prestigious list . 1