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Tenable Announces Second Quarter 2021 Financial Results Added 399 new enterprise platform customers ( ¹ ) and 67 net new six - figure customers • Revenue of $ 130.3 million , up 22 % year - over - year • GAAP loss from operations of $ 11.9 million ; Non - GAAP income from operations of $ 11.5 million • Net cash provided by operating activities of $ 16.5 million ; Free cash flow of $ 15.0 million COLUMBIA , Maryland , July 27 , 2021 — Tenable ( Nasdaq : TENB ) , the Cyber Exposure company , today announced financial results for the quarter ended June 30 , 2021 . " We are pleased with results for the second quarter as calculated current billings and revenue growth accelerated from strong customer adds and large deals , " said Amit Yoran , Chairman and CEO of Tenable . " These results reflect the continued importance and growing demand for a holistic understanding of Cyber Exposure across the entire attack surface . Our recent acquisition of Alsid and the closing of our $ 425 million credit facility position us well for continued growth and success . " Second Quarter 2021 Financial Highlights • Revenue was $ 130.3 million , a 22 % increase year - over - year . • • • Calculated current billings was $ 136.8 million , a 23 % increase year - over - year . GAAP loss from operations was $ 11.9 million , compared to a loss of $ 10.6 million in the second quarter of 2020 . Non - GAAP income from operations was $ 11.5 million , compared to $ 5.7 million in the second quarter of 2020 . • GAAP net loss was $ 11.6 million , compared to a loss of $ 12.0 million in the second quarter of 2020 . • • • • • GAAP net loss per share was $ 0.11 , compared to a loss per share of $ 0.12 in the second quarter of 2020 . Non - GAAP net income was $ 10.2 million , compared to $ 4.7 million in the second quarter of 2020 . Non - GAAP diluted earnings per share was $ 0.09 , compared to diluted earnings per share of $ 0.04 in the second quarter of 2020 . Cash and cash equivalents and short - term investments were $ 261.0 million at June 30 , 2021 , compared to $ 291.8 million at December 31 , 2020 . Net cash provided by operating activities was $ 16.5 million , compared to $ 17.0 million in the second quarter of 2020 . Free cash flow was $ 15.0 million , compared to $ 6.6 million in the second quarter of 2020 . Recent Business Highlights • • • Added 399 new enterprise platform customers ( ¹ ) and 67 net new six - figure customers . Closed our new credit facility in July 2021 comprised of a $ 375 million senior secured term loan and a $ 50 million senior secured revolving credit facility that replaced our $ 45 million revolving credit facility . Completed the acquisition of Alsid SAS ( " Alsid " ) and launched Tenable.ad ― a solution designed to secure Active Directory environments and disrupt one of the most common attack paths in both advanced persistent threats and common hacks . Announced a strategic collaboration with Deloitte to accelerate and secure smart manufacturing in Fortune 500 environments with Tenable.ot , which will be showcased in Deloitte's Smart Factory @ Wichita . Celebrated recognition as a Top Workplace by The Washington Post for a third consecutive year based on ratings from Tenable employees . Financial Outlook For the third quarter of 2021 , we currently expect : • Revenue in the range of $ 133.0 million to $ 135.0 million . • Non - GAAP income from operations in the range of $ 7.0 million to $ 8.0 million . • Non - GAAP net income in the range of $ 1.0 million to $ 3.0 million , assuming a provision for income taxes of $ 2.3 million . 1