ForgeRock: Q2 Earnings Snapshot

August 11, 2022 GMT

SAN FRANCISCO (AP) _ ForgeRock Inc. (FORG) on Thursday reported a loss of $22.4 million in its second quarter.

The San Francisco-based company said it had a loss of 26 cents per share. Losses, adjusted for non-recurring costs, came to 17 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The digital identity and access management services provider posted revenue of $47.7 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $47.2 million.

For the current quarter ending in October, ForgeRock expects its results to range from a loss of 17 cents per share to a loss of 13 cents per share.

The company said it expects revenue in the range of $49 million to $52 million for the fiscal third quarter.

ForgeRock expects full-year revenue in the range of $206 million to $212 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FORG at https://www.zacks.com/ap/FORG