CLAIM #66125 · Rapid7 Inc (RPD) · 2023Q3 earnings call · Nov 1, 2023 · due Dec 31, 2024
“Yes, we have very high confidence in the $160 million of free cash flow.”
Corey Thomas · CEO
In context
“Corey Thomas (CEO): Yes, we have very high confidence in the $160 million of free cash flow. I would say that we have a lot of controls and levers in the overall business. We've taken a very thoughtful approach to planning that looked at growth rates, plus or minus the growth rate of this year. We're very thoughtful about how to deliver that free cash flow across a wide range of scenarios. We have levers in the business. That's also a big part of why we're doing reinvestments. We're doing reinvestment steadily, not all at once, because that also gives us levers to ensure that our reinvestments are timed well to the performance we expect to see. I say we have a lot of visibility. We have a lot of controls. But most importantly, our entire company is fairly committed, and we have a good structure from today to deliver on that.”
Verify independently
SEC filings for RPD ↗ · Claim quote is verbatim from the 2023Q3 earnings call.