CLAIM #66124 · Rapid7 Inc (RPD) · 2023Q3 earnings call · Nov 1, 2023 · due Dec 31, 2024
“we've shared with you guys last quarter that we anticipate roughly $160 million in free cash flow next year, and we still feel very good about that number.”
Tim Adams · CFO
In context
“Tim Adams (CFO): Yes. And then, Adam, it's Tim too. The second part of your question regarding 2024, we are right in the middle of our budgeting process for next year. So, it would be premature for us to make any comments about growth for next year. But I'll reemphasize what Corey said, we're very focused on efficient growth and generating strong free cash flow. So, we've shared with you guys last quarter that we anticipate roughly $160 million in free cash flow next year, and we still feel very good about that number. Look, we had some hard actions that we had to take back in August with the restructuring and realignment of the company. But I do think that sets us up very well for next year that we've rationalized the cost structure. So, we are very focused on efficient growth, and we'll have more to say about next year on the Q4 call.”
Verify independently
SEC filings for RPD ↗ · Claim quote is verbatim from the 2023Q3 earnings call.