Rapid7, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 04:16 pm EDT
Share
Rapid7, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 175.77 million compared to USD 139.89 million a year ago. Net loss was USD 28.73 million compared to USD 37.7 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to USD 0.67 a year ago.
For the nine months, revenue was USD 500.6 million compared to USD 383.77 million a year ago. Net loss was USD 113.33 million compared to USD 101.71 million a year ago. Basic loss per share from continuing operations was USD 1.95 compared to USD 1.86 a year ago.
Rapid7, Inc. is engaged in advancing security with visibility, analytics, and automation delivered through its Insight Platform. Its Insight Platform solutions include incident detection and response, cloud security, vulnerability risk management, application security, threat intelligence and security orchestration and automation response. It offers its Insight Platform solutions as software-as-a-service products, on a subscription basis. It provides cloud products across the main pillars of Security Operations (SecOps), which include InsightIDR, InsightCloudSec, InsightVM, InsightAppSec and InsightConnect. Its other products include Threat Intelligence, Nexpose, AppSpider and Metasploit. Its professional service offerings include Penetration Testing, Cybersecurity Maturity Assessments, Security and Incident Response Program Development Services, Internet of things (IoT) and Internet Embedded Device testing, as well as Threat Modeling, TableTop Exercises and Incident Response services.
RAPID7, INC. 
