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What was Smartsheet's fourth quarter financial results?

Fourth quarter net operating cash flow was negative $0.2 million, net free cash flow was negative $2.7 million BELLEVUE, Wash.-- (BUSINESS WIRE)-- Smartsheet Inc. (NYSE: SMAR), the enterprise platform for dynamic work, today announced financial results for its fourth fiscal quarter ended January 31, 2022.

Why did Smartsheet achieve $1 billion in recurring revenue in Q4?

“Strong demand from our enterprise customers helped us achieve the major milestone of $1 billion in annualized recurring revenue in Q4,” said Mark Mader, CEO of Smartsheet.

How much does Smartsheet cost?

One of the biggest concerns for all companies regardless of size is cost, and Smartsheet is an expensive tool. A business could be spending upwards of $50,000 annually for 200 users and roughly $200,000 a month for 5,000 users which is nearly 10 times the licensing cost of MS Project.

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