Item 2.02 Results of Operations and Financial Condition.
On November 24, 2020, Anaplan, Inc. (the "Company" or "Anaplan") issued a press
release reporting its financial results for the fiscal quarter ended October 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 fourth quarter ending January 31, 2021
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 November 24, 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 includes, without
limitation, statements about the Company's expectations regarding the impact of
the COVID-19 pandemic and resulting global economic uncertainty, statements
regarding market demand, market opportunity, competitive position including of
the Company's solutions compared to the offerings of competitors, use of the
Company's solutions and the results of such use, statements about the Company's
plans, strategies and prospects, statements about offerings, solutions, services
and functionality, statements regarding growth and momentum, the financial
outlook and guidance, which may include expected GAAP and non-GAAP financial and
other results, for the Company's fourth fiscal quarter ending January 31, 2021
and for the full fiscal year ending January 31, 2021 and the underlying
assumptions, current expectations, projections and other statements about future
events and trends including 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: the ongoing COVID-19 pandemic,
and resulting global economic downturn, has impacted how we, our customers, and
our partners are operating, and could result in a material adverse effect on our
business, financial condition, operating results and cash flows; 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; our recent
revenue growth rates may not be indicative of our future growth; 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 near future; our quarterly
results may fluctuate significantly and may not fully reflect the underlying
performance of our business; we have experienced rapid growth and expect to
continue to strategically invest in our growth in the 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
and our business, financial condition and results of operations may be adversely
affected; because we derive substantially all of our revenue from a single
software platform, failure of Connected Planning solutions and digital
transformation in general and our platform in particular to satisfy customer
demands or to achieve increased market acceptance would adversely affect our
business, results of operations, financial condition, and growth prospects; 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; our business depends substantially on our customers renewing their
subscriptions and expanding their use of our platform and if we fail to achieve
renewals and expansions or our customers renew or expand their subscriptions on
less favorable terms, our business and operating results will be adversely
affected; failure to effectively expand our sales and marketing capabilities
could harm our ability to increase our customer base and achieve broader market
acceptance of our service; our growth depends in part on the success of our
strategic relationships with third parties and their continued performance and
uncertain economic conditions including those caused by the COVID-19 pandemic
may disrupt the operations and performance of such third parties and ultimately
adversely impact our financial results; our success depends upon training our
customers to effectively utilize our platform and providing high-quality support
services and if we fail to provide effective education, training or support to
our customers, then our results of operations, financial condition and growth
prospects may be adversely affected; our ability to achieve growth in revenue
will depend substantially on our partners being able to utilize highly skilled
and trained users of our platform to provide professional services, promote the
adoption of our platform and drive revenue generation activities and if we fail
to effectively educate, train and provide continuing guidance to a sufficient
number of qualified users of our platform for utilization with
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our partners, our results of operations, financial condition and growth
prospects may be adversely affected; if we fail to continue to enhance our
platform, satisfy the cloud infrastructure priorities of our clients or adapt to
rapid technological change, our ability to remain competitive could be impaired;
if we experience a security incident affecting our platform or internal
networks, systems or data, or are perceived to have experienced such 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 depend on the experience and expertise of our senior management
team and certain key employees, and our inability to retain these executive
officers and key employees or recruit them in a timely manner, could harm our
business, operating results, 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; we collect, process
and store personal information and furthermore, our platform could be used by
customers to do the same, and evolving domestic and international privacy and
security laws, regulations and other obligations could result in additional
costs and liabilities to us or inhibit sales of our platform. Furthermore, the
additional or unforeseen effects from the COVID-19 pandemic and the global
economic climate may amplify many of these risks. 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 September 4, 2020, and other
documents the Company may file with or furnish to the SEC from time to time such
as annual reports on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K. 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.
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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