Atlassian Corp. Files 10-Q for Period Ending December 31, 2023
Ticker: TEAM · Form: 10-Q · Filed: 2024-02-02T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, Financials, Atlassian Corp, Quarterly Report, Software
TL;DR
<b>Atlassian Corp. has submitted its Q2 FY2024 10-Q filing, detailing financial performance and position as of December 31, 2023.</b>
AI Summary
Atlassian Corp (TEAM) filed a Quarterly Report (10-Q) with the SEC on February 2, 2024. Atlassian Corp. filed its 10-Q report for the quarterly period ended December 31, 2023. The filing covers the period from October 1, 2023, to December 31, 2023, and the year-to-date period from July 1, 2023, to December 31, 2023. The report includes financial data for the second quarter of fiscal year 2024. Key financial statement line items such as Cost of Sales, Research and Development Expense, Selling and Marketing Expense, and General and Administrative Expense are detailed for the relevant periods. Balance sheet information as of September 30, 2023, including Common Stock, Additional Paid-In Capital, Accumulated Other Comprehensive Income, and Retained Earnings, is provided.
Why It Matters
For investors and stakeholders tracking Atlassian Corp, this filing contains several important signals. This filing provides investors and analysts with the latest financial performance data for Atlassian, crucial for evaluating the company's operational efficiency and growth trajectory in the second quarter of fiscal year 2024. The detailed breakdown of revenues and expenses allows for an in-depth analysis of the company's profitability drivers and cost management strategies during the reporting period.
Risk Assessment
Risk Level: low — Atlassian Corp shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures, indicating a routine update of financial information.
Analyst Insight
Monitor future filings for trends in revenue growth across segments and changes in operating expenses to assess continued business performance.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| License And Service | ||
| Maintenance | ||
| Product And Service Other |
Key Numbers
- 2023-12-31 — Period End Date (Quarterly period ended)
- 2023-07-01 — Year-to-Date Start Date (Fiscal year to date period start)
- 2023-06-30 — Fiscal Year End (Company's fiscal year end)
Key Players & Entities
- Atlassian Corp. (company) — Filer of the 10-Q report
- 2023-12-31 (date) — Conformed period of report
- 2024-02-02 (date) — Filed as of date
- San Francisco, CA (location) — Business and mail address
- 883940934 (identifier) — IRS Number
- 001-37651 (identifier) — SEC File Number
Forward-Looking Statements
- Atlassian will continue to show strong revenue growth in the next quarter. (Atlassian Corp) — medium confidence, target: 2024-03-31
FAQ
When did Atlassian Corp file this 10-Q?
Atlassian Corp filed this Quarterly Report (10-Q) with the SEC on February 2, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Atlassian Corp (TEAM).
Where can I read the original 10-Q filing from Atlassian Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Atlassian Corp.
What are the key takeaways from Atlassian Corp's 10-Q?
Atlassian Corp filed this 10-Q on February 2, 2024. Key takeaways: Atlassian Corp. filed its 10-Q report for the quarterly period ended December 31, 2023.. The filing covers the period from October 1, 2023, to December 31, 2023, and the year-to-date period from July 1, 2023, to December 31, 2023.. The report includes financial data for the second quarter of fiscal year 2024..
Is Atlassian Corp a risky investment based on this filing?
Based on this 10-Q, Atlassian Corp presents a relatively low-risk profile. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures, indicating a routine update of financial information.
What should investors do after reading Atlassian Corp's 10-Q?
Monitor future filings for trends in revenue growth across segments and changes in operating expenses to assess continued business performance. The overall sentiment from this filing is neutral.
Key Dates
- 2024-02-02: Filing Date — Official submission date of the 10-Q report
- 2023-12-31: Reporting Period End Date — End date for the quarterly financial review
- 2023-07-01: Year-to-Date Period Start Date — Start date for the cumulative fiscal year review
Filing Stats: 4,657 words · 19 min read · ~16 pages · Grade level 19.7 · Accepted 2024-02-02 16:13:00
Key Financial Figures
- $0.00001 — stered Class A Common Stock, par value $0.00001 per share TEAM Nasdaq Global Select Mar
Filing Documents
- team-20231231.htm (10-Q) — 1930KB
- exhibit311_fy24q2team.htm (EX-31.1) — 8KB
- exhibit312_fy24q2team.htm (EX-31.2) — 8KB
- exhibit313_fy24q2team.htm (EX-31.3) — 8KB
- exhibit321_fy24q2team.htm (EX-32.1) — 14KB
- 0001650372-24-000010.txt ( ) — 8462KB
- team-20231231.xsd (EX-101.SCH) — 49KB
- team-20231231_cal.xml (EX-101.CAL) — 83KB
- team-20231231_def.xml (EX-101.DEF) — 267KB
- team-20231231_lab.xml (EX-101.LAB) — 690KB
- team-20231231_pre.xml (EX-101.PRE) — 448KB
- team-20231231_htm.xml (XML) — 1345KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 42 Item 4.
Controls and Procedures
Controls and Procedures 43 PART II Item 1.
Legal Proceedings
Legal Proceedings 43 Item 1A.
Risk Factors
Risk Factors 44 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 74 Item 3. Defaults Upon Senior Securities 75 Item 4. Mine Safety Disclosures 75 Item 5. Other Information 75 Item 6. Exhibits 76
SIGNATURES
SIGNATURES 77 2
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
ITEM 1. Financial Statements ATLASSIAN CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par value and share data) (Unaudited) December 31, 2023 June 30, 2023 Assets Current assets: Cash and cash equivalents $ 1,460,497 $ 2,102,550 Marketable securities 150,831 10,000 Accounts receivable, net 526,379 477,678 Prepaid expenses and other current assets 133,834 146,136 Total current assets 2,271,541 2,736,364 Non-current assets: Property and equipment, net 78,095 81,402 Operating lease right-of-use assets 189,195 184,195 Strategic investments 223,405 225,538 Intangible assets, net 329,010 69,072 Goodwill 1,285,896 727,211 Deferred tax assets 3,859 9,945 Other non-current assets 68,497 73,052 Total assets $ 4,449,498 $ 4,106,779 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 160,469 $ 159,293 Accrued expenses and other current liabilities 410,377 423,131 Deferred revenue, current portion 1,451,023 1,362,736 Operating lease liabilities, current portion 46,230 44,930 Term loan facility, current portion 50,000 37,500 Total current liabilities 2,118,099 2,027,590 Non-current liabilities: Deferred revenue, net of current portion 202,860 182,743 Operating lease liabilities, net of current portion 237,481 237,835 Term loan facility, net of current portion 937,180 962,093 Deferred tax liabilities 16,819 10,669 Other non-current liabilities 32,136 31,177 Total liabilities 3,544,575 3,452,107 Commitments and contingencies (Note 11) Stockholders' equity Class A Common Stock, $ 0.00001 par value; 750,000,000 shares authorized, 156,359,427 and 152,442,673 issued and outstanding at December 31, 2023 and June 30, 2023, respectively 2 2 Class B Common Stock, 0.00001 par value; 230,000,000 shares authorized, 103,047,371 and 105,124,103 issued and outstanding at December 31, 2023 and June 30, 2023, respectively 1 1 Additional paid-in capital 3,656,057 3,130,631 Accumulated other comprehensi