Item 2.02 Results of Operations and Financial Condition.
On February 27, 2020, Anaplan, Inc. (the "Company" or "Anaplan") issued a press
release reporting its financial results for the fiscal quarter and the full
fiscal year ended January 31, 2020. The press release is attached to this
Current Report on Form 8-K as Exhibit 99.1.
As provided in General Instruction B.2 of Form 8-K, the information in this Item
2.02 and the exhibit hereto are "furnished" and shall not be deemed to be
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise subject to the liability of such
section nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act,
regardless of any general incorporation language in such filing.
Item 7.01 Regulation FD Disclosure.
Anaplan has issued a Supplemental Financial Information document. The
Supplemental Financial Information is available on Anaplan's Investor Center
website at https://investors.anaplan.com. Anaplan management will hold a public
webcast today at 5:30 a.m. Pacific Time that can be accessed on its Investor
Center website at https://investors.anaplan.com. During today's webcast, Anaplan
will provide an outlook for its fiscal first quarter ending April 30, 2020 and
for its full fiscal year ending January 31, 2021, including key underlying
assumptions. A replay will be available on Anaplan's Investor Center website at
https://investors.anaplan.com shortly following the event's conclusion.
Investors and others should note that Anaplan routinely uses the Investor Center
section of its corporate website to announce material information to investors
and the marketplace. While not all of the information that Anaplan posts on its
corporate website is of a material nature, some information could be deemed to
be material. Accordingly, Anaplan encourages investors, the media, and others
interested in Anaplan to review the information that it shares on its Investor
Center.
As provided in General Instruction B.2 of Form 8-K, the information in this Item
7.01 is "furnished" and shall not be deemed to be "filed" for purposes of
Section 18 of the Exchange Act or otherwise subject to the liability of such
section nor shall it be deemed incorporated by reference in any filing under the
Securities Act or the Exchange Act, regardless of any general incorporation
language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are attached to this Current Report on Form 8-K:
Exhibit
No.
99.1 Press release, dated February 27, 2020, of Anaplan, Inc.
104 Cover Page Interactive Data File (cover page XBRL tags embedded
within the Inline XBRL document)
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Cautionary Note Regarding Forward-Looking Statements
This Form 8-K contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended, including all statements other than
statements of historical fact contained in this report and, in particular,
statements about the Company's plans, strategies and prospects, estimates of
enterprise cloud-market growth, market demand, financial outlook for the
Company's first fiscal quarter ending April 30, 2020 and for the full fiscal
year ending January 31, 2021 and the underlying assumptions, competitive
position, current expectations and projections about future events and trends
that we believe may affect our financial condition, results of operations,
short- and long-term business operations and objectives, and financial needs.
These statements identify prospective information and may include words such as
"expects," "intends," "continue," "plans," "anticipates," "believes,"
"estimates," "predicts," "projects," "potential," "should," "may," "will," or
the negative version of these words, variations of these words and comparable
terminology. These forward-looking statements are based on information available
to the Company as of the date of this report and are based on management's
current views and assumptions. These forward-looking statements are conditioned
upon and also involve a number of known and unknown risks, uncertainties, and
other factors that could cause actual results, performance or events to differ
materially from those anticipated by these forward-looking statements. Such
risks, uncertainties, and other factors may be beyond the Company's control and
may pose a risk to the Company's operating and financial condition. Such risks
and uncertainties include, but are not limited to: we have a limited history of
operating at our current scale and under our current strategy, which makes it
difficult to predict our future operating results, and we may not achieve our
expected operating results in the future; we have a history of net losses, we
anticipate increasing our operating expenses in the future, and we do not expect
to be profitable for the foreseeable future; our quarterly results may fluctuate
significantly and may not fully reflect the underlying performance of our
business; because we derive substantially all of our revenue from a single
software platform, failure of Connected Planning solutions in general and/or our
platform in particular to satisfy customer demands, customer digital
transformation efforts or to achieve increased market acceptance would adversely
affect our business, results of operations, financial condition, and growth
prospects; economic uncertainty in the broader financial markets may result in
our customers scaling back their digital transformation efforts which may
adversely impact our business and financial condition; if we are unable to
attract new customers, both domestically and internationally, the growth of our
revenue will be adversely affected and our business may be harmed; if are unable
to maintain our entrepreneurial culture, attract and retain a high caliber of
executives and employees, our business may be adversely impacted; our business
depends substantially on our customers renewing their subscriptions and
expanding their use of our platform and failure to achieve renewals and
expansions may result in a material adverse effect on our business operations
and financial condition; the markets in which we participate are intensely
competitive, and if we do not compete effectively, our business and operating
results could be adversely affected; if we experience a security incident, our
platform may be perceived as not being secure, our reputation may be harmed,
customers may reduce the use of or stop using our platform, we may incur
significant liabilities, and our business could be materially adversely
affected; real or perceived errors, failures, bugs, service outages, or
disruptions in our platform could adversely affect our reputation and harm our
business; we have experienced rapid growth in recent periods and expect to
continue to invest in our growth for the foreseeable future, and if we fail to
manage our growth effectively, we may be unable to execute our business plan,
maintain high levels of service, or adequately address competitive challenges;
we could incur substantial costs in protecting or defending our intellectual
property rights; our global operations and sales to customers outside the United
States or with international operations subject us to risks inherent in
international operations that can harm our business, results of operations, and
financial condition; the uncertainty in and volatility of the broader stock
market generally or the stock price of our common stock specifically may result
in stockholders not being able to resell their shares at or above the price at
which they purchased the shares; and we may engage in acquisitions and strategic
transactions that do not yield the expected results. Information concerning
risks, uncertainties and other factors that could cause results to differ
materially from the expectations described in this Form 8-K is contained in the
Company's filings with the U.S. Securities and Exchange Commission ("SEC"),
including its quarterly report on Form 10-Q filed with the SEC on December 9,
2019, the "Risk Factors" section of which is incorporated into this Form 8-K by
reference, and other documents the Company may file with or furnish to the SEC
from time to time. These forward-looking statements should not be relied upon as
representing the Company's views as of any subsequent date and the Company
undertakes no obligation to update forward-looking statements to reflect events
or circumstances after the date they were made.
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The inclusion of Anaplan's website address in this Form 8-K is intended to be an
inactive textual reference only and not an active hyperlink. The information
contained in, or that can be accessed through, Anaplan's website and social
media channels are not part of this Form 8-K.
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