JFrog has offices across North America, Europe, and Asia. JFrog Announces Closing of Its Initial Public Offering and Exercise in Full of the Underwriters’ Option to Purchase Additional Shares PRESS RELEASE, September 18, 2020 JFrog Ltd. (“JFrog”) (NASDAQ: FROG), the liquid software company, announced today the closing of its initial public offering of 13,303,450 ordinary shares at a price to the public of $44.00 per share About. The cultural attitudes are imported, and as a result most US-based employees are second class citizens from the start. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in our filings with the Securities and Exchange Commission, including in our prospectus filed with the SEC pursuant to Rule 424(b), dated September 16, 2020,  our quarterly report on Form 10-Q for the quarter ended September 30, 2020, and other filings and reports that we may file from time to time with the SEC. JFrog's stock opens at $71.27, or 62% above its $44 IPO price Sep. 16, 2020 at 12:31 p.m. Net Dollar Retention for the trailing four quarters was 136%. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, reconciling items that may be incurred in the future such as share-based compensation, the effect of which may be significant. JFrog, which sells enterprise cloud software, closed the session at $64.79, more than 47% above its $44 price in the initial public offering. JFrog defines free cash flow as Net cash provided by (used in) operating activities, minus capital expenditures. All rights reserved. In JFrog, they say that the market potential for the CRSM platform reaches 22 billion USD. Glassdoor gives you an inside look at what it's like to work at JFrog, including salaries, reviews, office photos, and more. JFrog’s number of customers with ARR of $100,000 or more is based on the ARR of each customer, as of the last month of the quarter. GAAP Net Loss per diluted share was $0.14; non-GAAP Net Income Per Diluted Share was $0.05. Currency in USD. JFrog has 643 employees across 11 locations and $226.50 m in total funding,. That is a rich valuation, even for a growth company like JFrog. JFrog Ltd. 270 E Caribbean Drive; Sunnyvale; California; 94089; United States; Listings. About Non-GAAP Financial Measures:JFrog discloses the following non-GAAP financial measures in this release and the earnings call referencing this press release: non-GAAP operating income (loss), non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses (research and development, sales and marketing, general and administrative), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per diluted share, non-GAAP net income (loss) per basic share, and free cash flow. The end-to-end, hybrid JFrog Platform provides the tools and visibility required by modern software development organizations to fully embrace the power of DevOps. Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press release following the accompanying financial data. Name/Title. These forward-looking statements are based on JFrog’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause JFrog’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement.There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including but not limited to: risks associated with managing our rapid growth; our history of losses; our limited operating history; our ability to retain and upgrade existing customers our ability to attract new customers; our ability to effectively develop and expand our sales and marketing capabilities; risk of a security breach; risk of interruptions or performance problems associated with our products and platform capabilities; our ability to adapt and respond to rapidly changing technology or customer needs; our ability to compete in the markets in which we participate; and general market, political, economic, and business conditions. Learn more at jfrog.com. Number of Current Team Members 27 Number of Board Members / Advisors 12. This is the JFrog company profile. The companies-potential clients of JFrog are divided into three categories by the number of employees: 500-1000 employees, 1000-2500 employees, and over 2500 employees all over the world. JFrog is on a “Liquid Software” mission to enable the flow of software seamlessly and securely from the developer’s keystrokes to production. JFrog defines non-GAAP weighted-average shares used to compute non-GAAP net income (loss) per share, basic and diluted, as GAAP weighted average shares used to compute net income (loss) per share attributable to common shareholders, basic and diluted, adjusted to reflect the ordinary shares issued in connection with the IPO that are outstanding as of the end of the period as if they were outstanding as of the beginning of the period for comparability. JFrog Ltd. was founded in 2008 and is headquartered in Sunnyvale, California. Operating Cash Flow was $10.8 million, with Free Cash Flow of $9.7 million. JFrog is trusted by millions of users and thousands of customers, including a majority of the Fortune 100 companies that depend on JFrog solutions to manage their mission-critical Tip: Try a valid symbol or a specific company name for relevant results, Canada markets close in 5 hours 58 minutes, NasdaqGS - NasdaqGS Real Time Price. Hybrid, Universal, End-to-End DevOps Platform. JFrog. GAAP Operating Loss was $5.4 million; GAAP Operating Margin was (14%). Revenue for the first nine months of 2020 was $108.1 million, an increase of 46% from $74.0 million for the first nine months of 2019. ... Indemnification You will defend, indemnify and hold harmless us, our affiliates and our officers, directors, employees and agents from and against any and all … JFrog defines ARR as the annualized revenue run-rate of subscription agreements from all customers as of the last month of the quarter. JFrog’s net dollar retention rate compares its annual recurring revenue (“ARR”) from the same set of customers across comparable periods. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. As a result, share-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period. Reported anonymously by JFrog employees. Jfrog … Named Micheline Nijmeh Chief Marketing Officer. We are here for you. © 2020 Verizon Media. JFrog’s non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in its industry may calculate non-GAAP financial results differently, particularly related to non-recurring and unusual items. As DevOps continues to change the software update landscape, we look forward to leading the market in the fourth quarter and beyond.”, Third Quarter & Recent Business Highlights. See the company profile for JFrog Ltd. (FROG) including business summary, industry/sector information, number of employees, business summary, corporate governance, key … Contact us with any enquiries you have about JFrog products, sales and billing, media and community engagement or anything else. See insights on JFrog including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Forward-Looking Statements:This press release and the earnings call referencing this press release contain “forward-looking” statements, as that term is defined under the U.S. federal securities laws, including but not limited to statements regarding JFrog’s future financial performance, including our outlook for the fourth quarter and for the full year of 2020, and our leadership position in the markets in which we participate. Empowering IT professionals to code high-quality applications that securely flow to end-users with zero downtime. The ARR includes monthly subscription customers, so long as JFrog generates revenue from these customers. JFrog’s number of customers with ARR of $1 Million or more is based on the ARR of each customer, as of the last month of the quarter. JFrog’s net dollar retention rate in a particular quarter is obtained by averaging the result from that particular quarter with the corresponding results from each of the prior three quarters. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. JFrog’s universal, multi-cloud DevOps platform is available as open-source, self-managed, and SaaS services on AWS, Microsoft Azure, and Google Cloud. The JFrog culture is toxic - much like another review said "It’s what I’d imagine it would be like working in North Korea.". Its products also comprise JFrog Pro, JFrog Pro X, JFrog Enterprise, and JFrog Enterprise Plus products that offer ongoing updates, upgrades, and bug fixes, as well as cluster configuration, multi-site replication, and SLA support. The company serves technology, financial services, retail, healthcare, and telecommunications organizations. Amortization of acquired intangibles. It is principally aimed at aligning their interests with those of its shareholders and at long-term retention, rather than to address operational performance for any particular period. Reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheets to the amounts shown in the statements of cash flow above: Restricted cash included in prepaid expenses and other current assets, Restricted cash included in other assets, noncurrent, Total cash, cash equivalents, and restricted cash, Plus: Amortization of acquired intangibles, Less: Amortization of acquired intangibles, GAAP weighted-average shares used to compute net income per share- basic, Non-GAAP unweighted adjustment for ordinary shares issued in connection with IPO, Non-GAAP weighted-average shares used to compute net income per share - basic, GAAP weighted-average shares used to compute net income per share - diluted, Non-GAAP weighted-average shares used to compute net income per share - diluted, Less: Purchases of property and equipment. It was founded in 2008. JFrog Ltd. and its affiliates (“JFrog“, “Company”, “us” or “we”) is the operator of Company’s online academy available at: JFrog Academy (the “Site”). ... JFrog has 12 board members and advisors, including Boaz Dinte. All content is posted anonymously by employees working at JFrog. JFrog Announces Timing of Third Quarter 2020 Financial Results SUNNYVALE, Calif., Oct. 14, 2020 (GLOBE NEWSWIRE) -- JFrog Ltd. (“JFrog”) (NASDAQ: FROG), the liquid software company, today announced that it will report financial results for the third quarter of fiscal year 2020 on Wednesday, November 4, 2020 after the market close. This calculation captures upsells, contraction, and attrition since the Base Quarter. Fourth Quarter and Full Year 2020 OutlookBased on information as of today, November 4, 2020, JFrog is providing the following guidance for the fourth quarter and full year 2020: The section titled "Non-GAAP Financial Information" below describes our usage of non-GAAP financial measures. JFrog then divides total Comparison Quarter ARR by total Base Quarter ARR for Base Customers. JFrog utilizes share-based compensation to attract and retain employees. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. The CSRM platform enables organizations to continuously deliver software updates across any system. This is our third year in a row selected to this list. Market Capitalization is the total market value of Jfrog's equity. SUNNYVALE, Calif., Nov. 04, 2020 (GLOBE NEWSWIRE) -- JFrog Ltd. (NASDAQ: FROG), the liquid software Company, today announced financial results for its third quarter ended September 30, 2020. Home / All Categories / jfrog number of employees. Investor Contact:JoAnn Hornejhorne@marketstreetpartners.com415-445-3240. Non-GAAP Gross Profit was $32.2 million; non-GAAP Gross Margin was 82.7%. The company’s sales growth is … JFrog built their own Total Addressable Market (TAM) model that suggests a $22B market, which they calculated by multiplying the average ARR per customer type by the number … JFrog Ltd.’s ISS Governance QualityScore as of N/A is N/A. Location. Completed Initial Public Offering, with net proceeds of approximately $393 million. Jfrog has 360 employees. Sonatype is one of JFrog's top rivals. JFrog's end-to-end solution—from Development to Distribution—is a vital part of a faster, more efficient application development and release processes that leads today's Continuous Integration and Deployment space. Jfrog is a Software & Apps company and has headquarters in Sunnyvale, California, United States. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk. JFrog aspires to set the world’s Software Distribution standards! Non-GAAP weighted average share count. JFrog has 590 employees and is ranked 4th among it's top 10 competitors. MyJFrog doesn't work properly without JavaScript enabled. Its platform acts as bridge between software development and deployment, which enable organizations to build and release software faster. Some investors may argue that it is much less than the P/S number of 185.43 for Snowflake (NYSE: SNOW), which has … JFrog annualizes its monthly subscriptions by taking the revenue it would contractually expect to receive from such customers in a given month and multiplying it by 12. JFrog utilizes share-based compensation to attract and retain employees. “Our customers continue to adopt cloud-based and hybrid solutions as they embrace digital transformation through modern, cloud-native technologies. Changes in operating assets and liabilities: Net cash provided by operating activities, Payments related to business combination, net of cash acquired, Proceeds from initial public offering, net of underwriting discounts, Net cash provided by (used in) financing activities, Net increase (decrease) in cash, cash equivalents, and restricted cash, Cash, cash equivalent, and restricted cash. JFrog has 27 current team members, including Co-Founder & CEO Shlomi Ben Haim. “In our first quarter as a public Company, JFrog’s demonstrated growth, high retention and strong momentum reflected the mission-critical nature of JFrog products to our customers,” said Shlomi Ben Haim, CEO and Co-founder of JFrog. Event: JFrog’s Third Quarter Fiscal 2020 Financial Results Conference Call. Import prices rise less than expected in November while export prices accelerate, 270 E Caribbean DriveSunnyvale, CA 94089United States408 329 1540http://www.jfrog.com. Andy Vitus Board Member Jan 2016. The top 10 competitors average 429. JFrog | 22,949 followers on LinkedIn. GAAP Gross Profit was $31.6 million; GAAP Gross Margin was 81.3%. In fact, JFrog was recently named number 14 on the Forbes Cloud 100, listing the world's most influential and successful cloud companies. JFrog’s audience is both software developers and DevOps teams. 74 JFrog jobs including salaries, ratings, and reviews, posted by JFrog employees. Uncover why JFrog is the best company for you. The Overflow Blog Podcast 293: Connecting apps, data, and the cloud with Apollo GraphQL CEO… JFrog uses each of these non-GAAP financial measures internally to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate JFrog’s financial performance. Please enable it to continue. JFrog then calculates the contracted ARR from these Base Customers in the last month of the same quarter of the subsequent year (the “Comparison Quarter”). JFrog is trusted by millions of users and thousands of customers, including a majority of the Fortune 100 companies that depend on JFrog solutions to manage their mission-critical software delivery pipelines. JFrog views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. Jfrog Inc was founded in 2012. Browse other questions tagged docker artifactory jfrog or ask your own question. Together they have raised over 1.8B between their estimated 9.7K employees. JFrog’s revenue increased 65% last year, 50% year-over-year in the first six months of 2020, and 40% YOY last quarter. Third Quarter Revenue Increased 40%; Year-to-Date Revenue Increased 46%Record Free Cash Flow of $9.7 million in the QuarterRaised $393 million from Initial Public Offering. Number of Employees. Compare pay for popular roles and read about the team’s work-life balance. Scores indicate decile rank relative to index or region. (2) Includes acquisition-related costs as follows: (3) Includes amortization of acquired intangibles as follows: Total amortization expense of acquired intangible assets, Prepaid expenses and other current assets, Deferred contract acquisition costs, noncurrent, Accrued expenses and other current liabilities, TOTAL LIABILITIES, CONVERTIBLE PREFERRED SHARES AND. CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: Adjustments to reconcile net loss to net cash provided by operating activities: Losses (gains) on short-term investments, net. JFrog has 590 employees across 13 locations and $104.72 M in annual revenue in FY 2019. Additionally, JFrog’s management believes that the non-GAAP financial measure free cash flow is meaningful to investors because management reviews cash flows generated from operations after taking into consideration capital expenditures due to the fact that these expenditures are considered to be a necessary component of ongoing operations. Yossi Sela Board Member 2012. JFrog continues to set the software industry standard with Bintray, today’s leading software distribution platform which offers a developer centric, social platform for storage and distribution of software libraries. 10/22/2020; 0 Comment(s) Industry We are here for you. JFrog products seamlessly integrate with practically any development environment on Earth, from legacy code to the most recent containers and micro-services. Boaz Dinte Board Member. ET by Tomi Kilgore JFrog's stock indicated to open around … JFrog calculates net dollar retention rate by first identifying customers (the “Base Customers”), which were customers in the last month of a particular quarter (the “Base Quarter”). used in calculating net income (loss) per share: (1) Includes share-based compensation expense as follows: Cost of revenue: subscription—self-managed and SaaS. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A. © 2020 GlobeNewswire, Inc. All Rights Reserved. JFrog Ltd provides an end-to-end, hybrid, universal DevOps Platform to achieve Continuous Software Release Management (CSRM). A reconciliation of the historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. Sector(s): TechnologyIndustry: Software—ApplicationFull Time Employees: JFrog Ltd. provides DevOps platform to achieve continuous software release management platform enabling organizations to deliver software updates across any system in the United States. Acquisition related costs. JFrog General Information Description. JFrog’s number of customers with ARR of $1 Million or more is based on the ARR of each customer, as of the last month of the quarter. Shlomi Ben … While these intangible assets are evaluated for impairment regularly, amortization of the cost of acquired intangibles is an expense that is not typically affected by operations during any particular period. JFrog benefits and perks, including insurance benefits, retirement benefits, and vacation policy. Jfrog specialises in software & apps. JFrog utilizes share-based compensation to attract and retain employees. Launched a free cloud tier for the developer community, expanding global exposure of core JFrog Platform services. Management believes these non-GAAP financial measures are useful to investors and others in assessing JFrog’s operating performance due to the following factors: Share-based compensation. Ticker Exchange Primary Security Security Type Country Currency Listed on; FROG: NasdaqGS (Nasdaq Global Select)Yes: Ordinary Shares: US: USD: Sep 2020: Biography. Revenue for the third quarter of 2020 was $38.9 million, an increase of 40% from $27.8 million for the third quarter of 2019. ... OF EMPLOYEES--Executives. JFrog Ltd.’s ISS Governance QualityScore as of N/A is N/A. Reviews from JFrog employees about JFrog culture, salaries, benefits, work-life balance, management, job security, and more. The company's line of business includes providing computer programming services. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines to secure packages; JFrog Distribution that provides software package distribution with enterprise-grade performance; JFrog Artifactory Edge that utilizes and leverages metadata from JFrog Artifactory to facilitate the transfer of the incremental changes in software packages from their previous versions; JFrog Mission Control, a platform control panel that provides a view of moving pieces of an organization's CSRM workflow; and JFrog Insight, a DevOps intelligence tool. Ended the quarter with 313 customers with ARR greater than $100,000; 9 customers with ARR above $1 million. JFrog believes they are useful to investors, as a supplement to GAAP measures, in evaluating its operational performance, as further discussed below. Cash, cash equivalents and investments were $578.0 million as of September 30, 2020. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on JFrog’s reported financial results. Acquisition related costs include expenses related to acquisitions of other companies. JFrog views acquisition related costs as expenses that are not necessarily reflective of operational performance during a period. jfrog number of employees. Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures. JFrog’s universal, multi -cloud DevOps platform is available as open-source, self-managed, and SaaS services on AWS, Microsoft Azure, and Google Cloud. Search job openings at JFrog. JFrog defines non-GAAP gross profit, non-GAAP operating expenses (research and development, sales and marketing, general and administrative), non-GAAP gross margin, non-GAAP operating margin, non-GAAP operating income (loss) and non-GAAP net income (loss) as the respective GAAP balances, adjusted for, as applicable: (1) share-based compensation expense; (2) the amortization of acquired intangibles and (3) acquisition related costs. JFrog’s net dollar retention rate compares its annual recurring revenue (“ARR”) from the same set of customers across comparable periods. We disclaim any obligation to update forward-looking statements. Find out what works well at JFrog from the people who know best. Non-GAAP Operating Income was $5.1 million; non-GAAP operating margin was 13%. (In thousands, except per share data; unaudited), Net income (loss) per share - basic and diluted.