Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Market Price of Our Class A Common Stock
+Added: Market Information and Holders
Our Class A common stock has been listed on the Nasdaq Global Select Market under the symbol "OKTA" since April 7, 2017.
8 unchanged sentences
Stock Performance Graph
−Removed: This performance graph shall not be deemed "soliciting material" or to be "filed" with the SEC for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of Okta Inc.
+Added: This performance graph shall not be deemed "soliciting material" or to be "filed" with the Securities and Exchange Commission (SEC) for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of Okta, Inc.
under the Securities Act or the Exchange Act.
2 unchanged sentences
The comparisons are based on historical data and are not indicative of, nor intended to forecast, the future performance of our Class A common stock.
−Removed: Company/Index
+Added: Company/Index Base period
+Added: 4/7/2017 1/31/2018 1/31/2019 1/31/2020 1/31/2021
+Added: Okta $ 100.00 $ 125.27 $ 350.62 $ 544.66 $ 1,101.70
S&P 500 Index 100.00 119.88 114.80 136.93 157.68
4 unchanged sentences
(a) Unregistered Sales of Equity Securities
−Removed: In connection with the partial repurchase of the 2023 Notes in September 2019 , the Company issued 2,973,311 shares of Company Class A common stock on September 9, 2019 .
−Removed: This issuance was made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (Securities Act).
+Added: In connection with the partial repurchase of the convertible notes due in 2023 (2023 Notes) in June 2020 and the conversion of certain 2023 Notes in August 2020, the Company issued 1,445,927 shares and 214,177 shares of Company Class A common stock on June 12, 2020 and August 31, 2020, respectively.
+Added: These issuances were made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (Securities Act).
The Company relied on this exemption from registration based in part on representations made by the holders of the 2023 Notes in the exchange agreements pursuant to which the shares of Class A Common Stock were issued.
(b) Issuer Purchases of Equity Securities
−Removed: SELECTED CONSOLIDATED FINANCIAL DATA AND OTHER DATA
−Removed: The following selected consolidated statements of operations data for the years ended January 31, 2020 , 2019 and 2018 and the consolidated balance sheet data as of January 31, 2020 and 2019 have been derived from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
−Removed: The selected consolidated statements of operations data for the years ended January 31, 2017 and 2016 and the consolidated balance sheet data as of January 31, 2018, 2017 and 2016 have been derived from our audited consolidated financial statements not included in this Annual Report on Form 10-K.
−Removed: Our historical results are not necessarily indicative of the results that may be expected in the future.
−Removed: You should read the following selected consolidated financial data and other data below in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K.
−Removed: Year Ended January 31,
−Removed: (in thousands, except per share data)
−Removed: Professional services and other
−Removed: Total revenue
−Removed: Cost of revenue
−Removed: Subscription (2)
−Removed: Professional services and other (2)
−Removed: Total cost of revenue
−Removed: Operating expenses
−Removed: Research and development (2)
−Removed: Sales and marketing (2)
−Removed: General and administrative (2)
−Removed: Total operating expenses
−Removed: Operating loss
−Removed: Interest expense
−Removed: Interest income and other, net
−Removed: Loss on early extinguishment of debt
−Removed: Interest expense and other, net
−Removed: Loss before provision for (benefit from) income taxes
−Removed: Provision for (benefit from) income taxes
−Removed: Net loss per share:
−Removed: Basic and diluted
−Removed: Weighted-average shares outstanding used to compute net loss per share:
−Removed: Basic and diluted
−Removed: (1) The selected consolidated statements of operations data for the year ended January 31, 2016 does not reflect the adoption of ASC 606.
−Removed: (2) Amounts include stock-based compensation expense as follows:
−Removed: Year Ended January 31,
−Removed: (in thousands)
−Removed: Cost of subscription revenue
−Removed: Cost of professional services and other revenue
−Removed: Research and development
−Removed: Sales and marketing
−Removed: General and administrative
−Removed: Total stock-based compensation expense
−Removed: As of January 31,
−Removed: (in thousands)
−Removed: Consolidated Balance Sheet Data:
−Removed: Cash, cash equivalents and short-term investments
−Removed: Working capital
−Removed: Deferred revenue, current and non-current portions
−Removed: Redeemable convertible preferred stock warrant liability
−Removed: Redeemable convertible preferred stock
−Removed: Total stockholders’ equity (deficit)
−Removed: (1) The summary consolidated balance sheet data as of January 31, 2020 and 2019 reflect the adoption of ASU No.
−Removed: 2016-02, Leases (Topic 842) , or ASC 842 .
−Removed: See Note 2 of the notes to the consolidated financial statements for a summary of adjustments to reflect the impact of adoption on 2019.
−Removed: The summary consolidated balance sheet data as of January 31, 2018, 2017 and 2016 does not reflect the adoption of ASC 842.
−Removed: (2) The summary consolidated balance sheet data as of January 31, 2016 does not reflect the adoption of ASC 606.
−Removed: Other Financial Measures and Key Metrics (1)
−Removed: Year Ended January 31,
−Removed: (dollars in thousands)
−Removed: Non-GAAP gross profit
−Removed: Non-GAAP gross margin
−Removed: Operating loss
−Removed: Non-GAAP operating loss
−Removed: Operating margin
−Removed: Non-GAAP operating margin
−Removed: Non-GAAP net loss
−Removed: Non-GAAP net margin
−Removed: Net cash provided by (used in) operating activities
−Removed: Net cash provided by (used in) investing activities
−Removed: Net cash provided by financing activities
−Removed: Free cash flow
−Removed: Customers (period end)
−Removed: Customers with annual contract value (ACV) above $100,000
−Removed: Dollar-based net retention rate for the trailing 12 months
−Removed: Current remaining performance obligations (3)
−Removed: Remaining performance obligations (3)
−Removed: Calculated billings
−Removed: A reconciliation for each non-GAAP financial measure is included in the "Non-GAAP Financial Measures" section of Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations" of this Annual Report on Form 10-K.
−Removed: The summary financial data for the year ended January 31, 2016 does not reflect the adoption of ASC 606.
−Removed: As of January 31, 2020 and 2019, current remaining performance obligations and remaining performance obligations, which are GAAP financial measures, reflect our adoption of ASC 606 on February 1, 2018.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.