Item 2.02 Results of Operations and Financial Condition.
On May 26, 2020, Anaplan, Inc. (the "Company" or "Anaplan") issued a press
release reporting its financial results for the fiscal quarter ended April 30,
2020 and announcing that the Company was withdrawing its previously issued
financial guidance for the fiscal year ending January 31, 2021 due to the
uncertainty surrounding the impact of the COVID-19 pandemic. The press release
is attached to this Current Report on Form 8-K as Exhibit 99.1.
As provided in General Instruction B.2 of Form 8-K, the information in this Item
2.02 and the exhibit hereto are "furnished" and shall not be deemed to be
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise subject to the liability of such
section nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act,
regardless of any general incorporation language in such filing.
Item 7.01 Regulation FD Disclosure.
Anaplan has issued a Supplemental Financial Information document. The
Supplemental Financial Information is available on Anaplan's Investor Center
website at https://investors.anaplan.com. Anaplan management will hold a public
webcast today at 5:30 a.m. Pacific Time that can be accessed on its Investor
Center website at https://investors.anaplan.com. During today's webcast, Anaplan
will provide an outlook for its fiscal second quarter ending July 31, 2020,
including key underlying assumptions. A replay will be available on Anaplan's
Investor Center website at https://investors.anaplan.com shortly following the
event's conclusion. Investors and others should note that Anaplan routinely uses
the Investor Center section of its corporate website to announce material
information to investors and the marketplace. While not all of the information
that Anaplan posts on its corporate website is of a material nature, some
information could be deemed to be material. Accordingly, Anaplan encourages
investors, the media, and others interested in Anaplan to review the information
that it shares on its Investor Center.
As provided in General Instruction B.2 of Form 8-K, the information in this Item
7.01 is "furnished" and shall not be deemed to be "filed" for purposes of
Section 18 of the Exchange Act or otherwise subject to the liability of such
section nor shall it be deemed incorporated by reference in any filing under the
Securities Act or the Exchange Act, regardless of any general incorporation
language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are attached to this Current Report on Form 8-K:
Exhibit
No.
99.1 Press release, dated May 26, 2020, of Anaplan, Inc.
104 Cover Page Interactive Data File (cover page XBRL tags embedded
within the Inline XBRL document)
--------------------------------------------------------------------------------
Cautionary Note Regarding Forward-Looking Statements
This Form 8-K contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended, including all statements other than
statements of historical fact contained in this report and includes, without
limitation, statements about the Company's expectations regarding the impact of
the COVID-19 pandemic and resulting global economic uncertainty, statements
regarding market demand, market opportunity, competitive position including of
the Company's solutions compared to the offerings of competitors, use of the
Company's solutions and potential results of such use, statements about the
Company's plans, strategies and prospects, statements regarding growth and
momentum, the financial outlook and earnings guidance for the Company's second
fiscal quarter ending July 31, 2020 and the underlying assumptions, current
expectations, projections and other statements about future events and trends
including events and trends that we believe may affect our financial condition,
results of operations, short- and long-term business operations and objectives,
and financial needs. These statements identify prospective information and may
include words such as "expects," "intends," "continue," "plans," "anticipates,"
"believes," "estimates," "predicts," "projects," "potential," "should," "may,"
"will," or the negative version of these words, variations of these words and
comparable terminology. These forward-looking statements are based on
information available to the Company as of the date of this report and are based
on management's current views and assumptions. These forward-looking statements
are conditioned upon and also involve a number of known and unknown risks,
uncertainties, and other factors that could cause actual results, performance or
events to differ materially from those anticipated by these forward-looking
statements. Such risks, uncertainties, and other factors may be beyond the
Company's control and may pose a risk to the Company's operating and financial
condition. Such risks and uncertainties include, but are not limited to: the
COVID-19 pandemic, and any resulting global economic downturn, could
significantly disrupt our business operations, prolong our sales cycle and
result in a material adverse effect on our financial condition, operating
results and cash flows; we have a limited history of operating at our current
scale and under our current strategy, which makes it difficult to predict our
future operating results, and we may not achieve our expected operating results
in the future; we have a history of net losses, we anticipate increasing our
operating expenses in the future, and we do not expect to be profitable for the
foreseeable future; our quarterly results may fluctuate significantly and may
not fully reflect the underlying performance of our business; economic
uncertainty and volatility in the broader financial markets may result in our
customers and prospective customers reducing their spending, scaling back their
digital transformation efforts, delaying purchasing decisions or deferring
implementation projects, any of which may adversely impact our business,
financial condition and cash flows; if we are unable to achieve and sustain a
level of liquidity sufficient to support our operations and fulfill our
obligations, our business, operating results and financial position could be
adversely affected; if we are unable to attract new customers, both domestically
and internationally, the growth of our revenue will be adversely affected and
our business may be harmed; our business depends substantially on our customers
renewing their subscriptions and expanding their use of our platform and if we
fail to achieve renewals and expansions or our customers renew or expand their
subscriptions on less favorable terms, our business operations and financial
condition may be materially and adversely affected; the markets in which we
participate are intensely competitive, and if we do not compete effectively, our
business and operating results could be adversely affected; our success depends
in part on the continued performance of our strategic partners, and uncertain
economic conditions including those caused by the COVID-19 pandemic may disrupt
the operations and performance of our partners and ultimately adversely impact
our financial results; if we experience a security incident, our platform may be
perceived as not being secure, our reputation may be harmed, customers may
reduce the use of or stop using our platform, we may incur significant
liabilities, and our business could be materially adversely affected; real or
perceived errors, failures, bugs, service outages, or disruptions in our
platform could adversely affect our reputation and harm our business; our
success depends upon training our customers to effectively utilize our platform
and consistently providing high-quality support services and if our ability to
provide effective training or support is limited by the COVID-19 pandemic and
ensuing remote work restrictions, then our results of operations and financial
condition may be adversely affected; we could incur substantial costs in
protecting or defending our intellectual property rights and any failure to
protect our intellectual property rights could impair our ability to protect our
proprietary technology and our brand; our global operations and sales to
customers outside the United States or with international operations subject us
to risks inherent in international operations that can harm our business,
results of operations, and financial condition; and
--------------------------------------------------------------------------------
the uncertainty in and volatility of the broader stock market generally or the
stock price of our common stock specifically may result in stockholders not
being able to resell their shares at or above the price at which they purchased
the shares. Furthermore, the additional or unforeseen effects from the COVID-19
pandemic and the global economic climate may amplify many of these risks.
Information concerning risks, uncertainties and other factors that could cause
results to differ materially from the expectations described in this Form 8-K is
contained in the Company's filings with the U.S. Securities and Exchange
Commission ("SEC"), including its annual report on Form 10-K filed with the SEC
on March 30, 2020, and other documents the Company may file with or furnish to
the SEC from time to time such as quarterly reports on Form 10-Q and current
reports on Form 8-K. These forward-looking statements should not be relied upon
as representing the Company's views as of any subsequent date and the Company
undertakes no obligation to update forward-looking statements to reflect events
or circumstances after the date they were made.
The inclusion of Anaplan's website address in this Form 8-K is intended to be an
inactive textual reference only and not an active hyperlink. The information
contained in, or that can be accessed through, Anaplan's website and social
media channels are not part of this Form 8-K.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
ANAPLAN, INC. 
