Item 2.02 Results of Operations and Financial Condition.
On March 2, 2022, Anaplan, Inc. (the "Company" or "Anaplan") issued a press
release reporting its financial results for the fiscal quarter and full fiscal
year ended January 31, 2022. 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 2:00 p.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, 2022 and
for its full fiscal year ending January 31, 2023, 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 March 2, 2022, 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 first fiscal quarter ending April 30, 2022 and
for the full fiscal year ending January 31, 2023 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 following risks: the ongoing COVID-19
pandemic, and resulting global economic uncertainty, 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 performance
or 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 have fluctuated in the past and may fluctuate
significantly in the future and may not fully reflect the underlying performance
of our business; we have experienced rapid growth and expect to continue to
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; we
derive substantially all of our revenue from a single software platform and if
our platform fails to satisfy customer demands or to achieve widespread market
acceptance it would adversely affect our business, operating results, 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 or expansions or our customers renew
or expand their subscriptions on less favorable terms, or if they fail to add
more users in more functional areas or upgrade to a higher level of
functionality on our platform, our business and operating results will be
adversely affected; failure to effectively expand our sales and marketing
capabilities, including to hire and retain direct sales personnel, 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; if our
customers and partners do not have access to highly skilled and trained users of
our platform, our customers may not be able to unlock the full potential of our
platform, customer satisfaction may suffer, and 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, networks, systems or data or the data of our customers, 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, especially engineering, research and development and sales personnel,
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 December 2, 2021, 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
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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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