Item 2.02 Results of Operations and Financial Condition.
On November 23, 2021, Anaplan, Inc. (the "Company" or "Anaplan") issued a press
release reporting its financial results for the fiscal quarter ended October 31,
2021. 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 fourth quarter ending January 31, 2022
and for its full fiscal year ending January 31, 2022, 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 23, 2021, of Anaplan, Inc.
104 Cover Page Interactive Data File (cover page XBRL tags embedded within the
Inline XBRL document)
--------------------------------------------------------------------------------
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, 2022
and for the full fiscal year ending January 31, 2022 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 may fluctuate significantly 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 September 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 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.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses