Carbon Black, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, total revenue was $50,992,000 against $38,691,000 a year ago. Loss from operations was $19,207,000 against $12,417,000 a year ago. Loss before income taxes was $25,247,000 against $12,266,000 a year ago. Net loss and comprehensive loss was $25,281,000 against $12,335,000 a year ago. Net loss attributable to common stockholders was $184,734,000 or $4.13 per basic and diluted share against $9,012,000 or $0.88 per basic and diluted share a year ago. Net cash used in operating activities was $13,912,000 against $6,705,000 a year ago. Purchases of property and equipment were $2,702,000 against $2,296,000 a year ago. Capitalization of internal-use software costs was $698,000 against $274,000 a year ago. Non-GAAP loss from operations was $15,329,000 against $9,866,000 a year ago. Non-GAAP net loss was $15,446,000 against $9,782,000 a year ago. Non-GAAP net loss per share - basic and diluted was $0.35 against $0.95 a year ago.

For the six months, total revenue was $99,426,000 against $74,636,000 a year ago. Loss from operations was $37,014,000 against $24,908,000 a year ago. Loss before income taxes was $45,770,000 against $24,688,000 a year ago. Net loss and comprehensive loss was $45,875,000 against $24,774,000 a year ago. Net loss attributable to common stockholders was $245,367,000 or $8.73 per basic and diluted share against $33,098,000 or $3.27 per basic and diluted share a year ago. Net cash used in operating activities was $14,689,000 against $13,747,000 a year ago. Purchases of property and equipment were $4,197,000 against $3,124,000 a year ago. Capitalization of internal-use software costs was $991,000 against $478,000 a year ago. Non-GAAP loss from operations was $26,456,000 against $19,759,000 a year ago. Non-GAAP net loss was $26,479,000 against $19,749,000 a year ago. Non-GAAP net loss per share - basic and diluted was $0.94 against $1.95 a year ago.

Based on information as of August 7, 2018, the company is issuing the financial guidance for the third quarter and full year fiscal 2018. For the third quarter of fiscal 2018, the company expects total revenue of $52.3 million to $52.8 million; Non-GAAP loss from operations of $17.0 million to $16.5 million; and non-GAAP net loss per share of $0.26 to $0.25.

For the fiscal 2018, the company expects total revenue of $206.3 million to $207.3 million; Non-GAAP loss from operations of $60.5 million to $59.5 million; and non-GAAP net loss per share of $1.28 to $1.26. The company continue to expect a modest decrease in gross margin over time due to rapidly growing mix of Cloud business and the associated hosting and infrastructure cost of delivering Cloud products.