Page 1

August 11 , 2021 similarweb Similarweb Announces Second Quarter 2021 Results Second quarter 2021 revenue grew 49 % year - over - year to $ 32.5 million . Gross margin improved by 253 basis points year - over - year to 78.5 % . 220 customers with ARR of $ 100K or more , an increase of 52 % year - over - year . Company introduces strong guidance for Q3 and full - year 2021 . TEL AVIV , ISRAEL -- ( BUSINESS WIRE ) -- Similarweb Ltd. ( NYSE : SMWB ) ( " Similarweb " or the " Company " ) , a leading platform for digital intelligence , today announced financial results for its second quarter ended June 30 , 2021 . " Similarweb delivered strong financial results in our first quarter as a public company . Companies around the world are investing in digital transformation , and Similarweb enables them to maximize their efforts as the measure of the digital world . Our growth accelerated in Q2 , we added customers across all verticals and markets , expanded our existing customer relationships and continued to invest across the board in order to increase our scale , customer base and market penetration . We have a massive opportunity ahead of us and we will continue to invest in capturing it , ” said Or Offer , Founder and CEO of Similarweb . Second Quarter 2021 Financial Highlights • Total revenue was $ 32.5 million , an increase of 49 % compared to the second quarter of 2020 . • GAAP operating loss was $ ( 14.9 ) million , compared to $ ( 3.1 ) million for the second quarter of 2020 . • Non - GAAP operating loss was $ ( 10.8 ) million , compared to $ ( 2.5 ) million for the second quarter of 2020 . • GAAP earnings per share , basic and diluted , was $ ( 0.33 ) , compared to $ ( 0.25 ) for the second quarter of 2020 . • Free cash flow was $ ( 3.3 ) million , compared to $ ( 1.5 ) million compared to the second quarter of 2020 . • Cash and cash equivalents totaled $ 177.0 million as of June 30 , 2021 , up from $ 38.3 million as of March 31 , 2021. This includes a total of $ 150.7 million of capital , net of related underwriting fees and commission and other issuance costs , from our successful IPO on the New York Stock Exchange . Recent Business Highlights • Grew number of customers to 3,068 as of June 30 , 2021 , an increase of 24 % compared to June 30 , 2020 . • Grew average annual revenue per customer to $ 43,800 in the second quarter of 2021 , an increase of 22 % compared to the second quarter of 2020 .