Mandiant Non-GAAP EPS of -$0.15 misses by $0.01, revenue of $130M beats by $0.39M

• Mandiant press release (NASDAQ:MNDT): Q1 Non-GAAP EPS of -$0.15 misses by $0.01.
• Revenue of $130M (-47.2% Y/Y) beats by $0.39M.
• Annualized recurring revenue of $287 million, an increase of 22 percent from the end of the first quarter of 2021¹
• Deferred revenue of $400 million, an increase of 43 percent from the end of the first quarter of 2021
• GAAP operating margin of negative 69 percent, compared to GAAP operating margin of negative 64 percent in the first quarter of 2021