Samsara Inc. Reports Earnings Results for the First Quarter Ended May 04, 2024
June 06, 2024 at 09:11 pm
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Samsara Inc. reported earnings results for the first quarter ended May 04, 2024. For the first quarter, the company reported sales was USD 280.73 million compared to USD 204.32 million a year ago. Net loss was USD 56.29 million compared to USD 67.86 million a year ago.
Basic loss per share from continuing operations was USD 0.1 compared to USD 0.13 a year ago.
Samsara Inc. specializes in Connected Operations Cloud, which is a platform that enables organizations that depend on physical operations to use Internet of Things (IoT) data to develop actionable insights and improve their operations. The Company's Connected Operations Cloud includes its data platform, which ingests, aggregates, and enriches data from its IoT devices and a growing ecosystem of connected assets and third-party systems, and which has embedded capabilities for artificial intelligence (AI), workflows and analytics, alerts, application programming interface (API) connections, and data security and privacy; and applications for video-based safety, vehicle telematics, mobile apps and workflows, equipment monitoring, and site visibility. Its video-based safety application enables customers to build a safety program and protect their teams with AI-enabled video. It serves various sectors, including construction, transportation and warehousing, field services, and logistics.
SAMSARA INC. 
