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00:02Figma shares fell in After Hours Trading Wednesday following the company's second quarter financial
00:07results, according to Benzinga. The cloud-based software development company reported second
00:11quarter adjusted earnings of $0.08 per share on revenue of $370.1 million, beating analyst
00:17estimates of $0.04 per share and $351.6 million in revenue. Total revenue increased 48% year
00:24over year, while the company generated $60.9 million in net cash from operations and $53.2
00:30million in free cash flow. Figma said it had 15,964 paid customers with more than $10,000
00:36in annual recurring revenue and 1,635 customers with more than $100,000 in ARR as of June 30.
00:44The company guided third quarter revenue to $373 million to $375 million, above estimates
00:51of $364.9 million and raised its full-year revenue outlook to $1.463 billion to $1.467 billion.
01:00Shares fell more than 16% in After Hours Trading following the report.
01:04For all things money, visit Benzinga.com.
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