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As school districts struggle to control the spread of cyberbullying, sexual abuse images and online exploitation among their students, Texas lawmakers could consider banning social media from minors, among other sweeping measures, in the upcoming legislative session. Over the last decade, Texas lawmakers have attempted to slow the spread of social media’s harmful effects by criminalizing cyberbullying and preventing online platforms from collecting data on minors, the latter of which has faced court challenges by social media companies. While law enforcement and prosecutors have traditionally been responsible for cracking down on these online dangers, lack of resources in those agencies has meant enforcement has fallen onto educators, who already struggle to meet the demands of instruction, let alone stay knowledgeable on all the ways children use the internet. “Almost every kid comes to school these days, regardless of background, regardless of socioeconomic status, they have some type of smartphone device in their hand. So they will have access to unfettered content most of the time, no matter what we try to do,” said Zeph Capo, president of the Texas American Federation of Teachers. Lawmakers have suggested several initiatives next session to address the online dangers affecting Texas children, including a bill filed by Rep. Jared Patterson , R-Frisco, that would prohibit minors from creating accounts on social media sites and require age verification for new users. Other options include adding funds to internet crimes units in law enforcement agencies, banning the use of people’s likeness in artificially created sex abuse images, and making people aware of the dangers of the internet. “Social media is the most dangerous thing our kids have legal access to in Texas,” Patterson said in a news release . While they welcome any efforts to reduce harm to children, school officials and cybercrime investigators say more needs to be done to hold social media companies accountable for enforcement. “We need these businesses to be responsible business people and throttle some of this tremendously negative content, particularly when it comes to kids,” Capo said. “But, you know, they don’t want to do anything like that.” During a Senate Committee on State Affairs hearing in October, lawmakers listened to a litany of stories about how social media has affected young people in Texas: a middle school girl who developed an eating disorder after watching a TikTok video, a middle school boy addicted to cartoon pornography after his YouTube algorithm took him to a porn site, and a woman who testified to being groomed for sex work in high school as her images were posted on social media applications. Most of these incidents had a starting point at school where children have frequent access to technology and teachers and administrators are too busy to provide oversight. Add in the fact that they know ways to circumvent campus firewalls, students are being groomed via social media on school grounds, said Jacquelyn Alutto, president of Houston-based No Trafficking Zone, during the hearing. “Right now, schools are a hunting ground,” she said. The Texas Tribune requested interviews with several school districts about online dangers in schools, including the Austin, Round Rock, Katy and Eanes school districts, but they did not respond. The Plano school district declined to be interviewed. Last year, the American Federation of Teachers and the American Psychological Association, among other national organizations, called out social media platforms for undermining classroom learning, increasing costs for school systems, and being a “root cause” of the nationwide youth mental health crisis. The admonishment came after a report detailed how school districts across the country are experiencing significant burdens as they respond to tech’s predatory and prevalent influence in the classroom. The same year, in an attempt to hold social media companies more accountable, Gov. Greg Abbott signed into law House Bill 18 , known as the Securing Children Online through Parental Empowerment Act. The SCOPE Act requires covered digital service providers to provide minors with certain data protections, prevent minors from accessing harmful content, and give parents tools to manage their child’s use of the service. It also required school districts to obtain parental consent for most software and social media applications used in the classroom and to look for alternatives to the internet for instruction. However, many of the family-friendly websites and games that children might use for entertainment are also rife with potential sexual predators who pretend to be children. “A little boy can be playing Robloxs in the cafeteria, and during that lunch break, a trafficker can target him, and he can be sexually groomed or exploited within a few weeks or months,” Alutto said. And even harder to control is when students share sexual images of themselves online, a reason why some child welfare groups want social media platforms restricted or outright banned for minors. “This has also helped human traffickers groom and recruit children,” Alutto said. Studies show 95% of youth ages 13 to 17 report using social media, with more than a third saying they use social media “almost constantly.” Nearly 40% of children ages 8 to 12 use social media, even though most platforms require a minimum age of 13 to sign up, according to a study by the U.S. Surgeon General. This has created a generation of chronically online children, and the medical community is still unsure of their longterm effects. Although the SCOPE Act was passed to restrict kids from seeing harmful online content and give parents more control over what their children do online, social media companies have watered it down. A federal district court judge earlier this year temporarily blocked part of the law that required them to filter out harmful content, saying it was unconstitutional under the First Amendment free speech right. Texas Attorney General Ken Paxton announced in October that he was suing TikTok by allowing their algorithm to affect minors. TikTok denied the state’s allegations, pointing to online information about how parents in certain states, including Texas, can contact TikTok to request that their teen’s account be deleted. This lawsuit, like dozens of others across the country, is playing out in court, forcing Texas lawmakers to wait and see what more they can do in the upcoming session to hold social media companies accountable. Australia recently banned social media from children under the age of 16. “The state needs to ensure that if technology providers want to do business, they must protect our children, stop the flow of (child sexual abuse material and child sexual assault) and report it,” Brent Dupre, director of law enforcement at the Office of the Attorney General of Texas, told The Texas Tribune. Dupre’s department is one of three Internet Crimes Against Children Task Forces in the state, and his agency alone covers 134 counties. His office receives 2,500 cyber tips per month for investigation from the National Center for Missing and Exploited Children, an overwhelming number of cases for an agency with only 11 officers. The problem is so persistent that Dupre said his office was conducting a live training session with law enforcement officers a few months ago on how to pose in chat rooms as a minor when the trainer noticed a real adult was already trying to solicit their fake minor for sex. “These proactive investigations aren’t done as frequently as we like because of the sheer caseload that we got,” Dupre said, noting how they work with other law enforcement agencies who are suffering with staff shortages. Christina Green, chief advancement and external relations officer for Children’s Advocacy Centers of Texas, said her agency serves more than 60,000 child victims yearly, with a majority of these connected to online incidents that happened in school while using social media applications. She said law enforcement agencies as well as hers need more resources to protect children. “This field is rapidly developing, and the tools needed to continue must also develop,” she said. Echoing school officials, Dupre said social media companies should enforce more restrictions on what minors can do on their platforms. He said companies should be required to track attempts to upload child sexual abuse material and other internet harm and be held accountable for allowing sexually explicit content to stay on their websites. Dupre suggested lawmakers require chat and social media companies use artificial intelligence to scan for child sex abuse images and child sexual assault material and block users from sending this kind of material on their platforms. “To me, children who try to upload self-produced material should automatically have their accounts disabled,” he said. “Many technology providers scan for these photos and videos, which are then quarantined and reported, but not all providers lockout or cancel that user end-to-end encryption.” However, the most essential place to stop cyberbullying, sexual exploitation and other internet-based crimes on minors is at home, Green said. She suggested teaching children in schools as early as the third grade about online risks and repeating training yearly. She also wants the same education extended to parents. “We have been talking to parents about when you drop your kid off at someone’s house, do you know if devices will be used there? It’s like asking if there is a pool in the backyard. These types of questions need to become commonplace,” Green said. This story was originally published by The Texas Tribune and distributed through a partnership with The Associated Press. For copyright information, check with the distributor of this item, The Texas Tribune.spin ph pba live 。

SAN FRANCISCO--(BUSINESS WIRE)--Dec 5, 2024-- Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations ® Cloud, reported financial results for the third quarter ended November 2, 2024, and released a shareholder letter accessible from the Samsara investor relations website at . “We achieved another strong quarter of durable and efficient growth at a greater scale,” said Sanjit Biswas, CEO and co-founder of Samsara. “We ended Q3 at $1.35 billion in ARR, growing 35% year-over-year, and achieved a quarterly record of 10% adjusted free cash flow margin. As we continue to grow, we are excited about the innovation we are unlocking with more scale. We now collect over 10 trillion data points annually in the Samsara platform and use this data asset to bring AI to physical operations. We believe AI will play a powerful role in transforming the safety, efficiency, and sustainability of our customers’ operations.” (In millions, except percentage, percentage points, and per share data) Annual Recurring Revenue (ARR) $ 1,348.9 $ 1,002.7 35 % Total revenue $ 322.0 $ 237.5 36 % GAAP gross profit $ 246.0 $ 175.9 $ 70.0 GAAP gross margin 76 % 74 % 2 pts Non-GAAP gross profit $ 249.8 $ 179.0 $ 70.8 Non-GAAP gross margin 78 % 75 % 2 pts GAAP operating loss $ (47.4 ) $ (54.8 ) $ 7.4 GAAP operating margin (15 %) (23 %) 8 pts Non-GAAP operating income $ 33.9 $ 12.7 $ 21.2 Non-GAAP operating margin 11 % 5 % 5 pts GAAP net loss per share, basic and diluted $ (0.07 ) $ (0.08 ) $ 0.01 Non-GAAP net income per share, basic $ 0.08 $ 0.04 $ 0.04 Non-GAAP net income per share, diluted $ 0.07 $ 0.04 $ 0.03 Net cash provided by operating activities $ 36.0 $ 11.9 $ 24.1 Net cash provided by operating activities margin 11 % 5 % 6 pts Adjusted free cash flow $ 31.2 $ 8.5 $ 22.7 Adjusted free cash flow margin 10 % 4 % 6 pts Note: Numbers are rounded for presentation purposes. We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with generally accepted accounting principles (“GAAP”). See the section titled “Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures and the tables in the section titled “Reconciliation Between GAAP and Non-GAAP Financial Measures” for a reconciliation of GAAP to non-GAAP financial measures. Our guidance includes GAAP and non-GAAP financial measures. For the fourth quarter and fiscal year 2025, Samsara expects the following: Total revenue $334 million – $336 million $1.237 billion – $1.239 billion Year/Year revenue growth 21% – 22% 32% Year/Year adjusted revenue growth (1) 30% – 31% 35% Non-GAAP operating margin 9% 7% Non-GAAP net income per share, diluted $0.07 – $0.08 $0.22 – $0.23 (1) Q4 FY24 was a 14-week fiscal quarter instead of a typical 13-week fiscal quarter. To enable comparability across periods, adjusted revenue and adjusted revenue growth rate are calculated by multiplying Q4 FY24 revenue by 13/14 to remove the impact of an additional week of revenue recognition in Q4 FY24. A reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty and potential variability of expenses, such as stock-based compensation expense-related charges, that may be incurred in the future and cannot be reasonably determined or predicted at this time. It is important to note that these factors could be material to our results of operations computed in accordance with GAAP. Samsara is the pioneer of the Connected Operations ® Cloud, which is a system of record that enables businesses that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, utilities and energy, government, healthcare and education, manufacturing, food and beverage, and others. The company’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy. This document includes certain non-GAAP financial measures. Reconciliations of non-GAAP financial measures to our financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow and adjusted free cash flow do not reflect our future contractual commitments or the total increase or decrease of our cash balance for a given period. These and other limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. We present these non-GAAP financial measures to assist investors in seeing Samsara’s operating results through the eyes of management and because we believe that these measures provide an additional tool for investors to evaluate our business. —Stock-based compensation expense-related charges include the amortization of deferred stock-based compensation expense for capitalized software and employer taxes on employee equity transactions. Stock-based compensation expense-related charges are excluded because they are primarily a non-cash expense that management believes is not reflective of our ongoing operational performance. Employer taxes on employee equity transactions, which are a cash expense, are excluded because such taxes are directly tied to the timing and size of employee equity transactions and the future fair market value of our common stock, which may vary from period to period independent of the operating performance of our business. Lease modification, impairment, and related charges, and legal settlements are excluded because management believes that such charges are not reflective of our ongoing operational performance. Annual Recurring Revenue—We define ARR as the annualized value of subscription contracts that have commenced revenue recognition as of the measurement date. Adjusted Revenue and Adjusted Revenue Growth Rate—Q4 FY24 was a 14-week fiscal quarter instead of a typical 13-week fiscal quarter. To enable comparability across periods, adjusted revenue and adjusted revenue growth rate are calculated by multiplying Q4 FY24 revenue by 13/14 to remove the impact of an additional week of revenue recognition in Q4 FY24. Non-GAAP Gross Profit and Non-GAAP Gross Margin—We define non-GAAP gross profit as gross profit excluding the effect of stock-based compensation expense-related charges included in cost of revenue. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of total revenue. We use non-GAAP gross profit and non-GAAP gross margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations. Non-GAAP Income (Loss) from Operations and Non-GAAP Operating Margin—We define non-GAAP income (loss) from operations, or non-GAAP operating income (loss), as income (loss) from operations excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements. Non-GAAP operating margin is defined as non-GAAP operating income (loss) as a percentage of total revenue. We use non-GAAP income (loss) from operations and non-GAAP operating margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP income (loss) from operations and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations. Non-GAAP Net Income (Loss) and Non-GAAP Net Income (Loss) per Share—We define non-GAAP net income (loss) as net income (loss) excluding the effect of stock-based compensation expense-related charges, lease modification, impairment, and related charges, and legal settlements. Our non-GAAP net income (loss) per share–basic is calculated by dividing non-GAAP net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Our non-GAAP net income per share–diluted is calculated by giving effect to all potentially dilutive common stock equivalents (stock options, restricted stock units, and shares issued under our 2021 Employee Stock Purchase Plan) to the extent they are dilutive. Non-GAAP net loss per share–diluted is the same as non-GAAP net loss per share–basic as the inclusion of all potential dilutive common stock equivalents would be antidilutive. We use non-GAAP net income (loss) and non-GAAP net income (loss) per share in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP net income (loss) and non-GAAP net income (loss) per share provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations. Free Cash Flow and Free Cash Flow Margin—We define free cash flow as net cash provided by (used in) operating activities reduced by cash used for purchases of property and equipment. Free cash flow margin is calculated as free cash flow as a percentage of total revenue. We believe that free cash flow and free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives. Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin—We define adjusted free cash flow as free cash flow excluding the cash impact of non-recurring capital expenditures associated with the build-out of our corporate office facilities in San Francisco, California, net of tenant allowances, and legal settlements. Adjusted free cash flow margin is calculated as adjusted free cash flow as a percentage of total revenue. We believe that adjusted free cash flow and adjusted free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives by excluding the impact of non-recurring events. An investor presentation and accompanying shareholder letter is accessible from the Samsara investor relations website at . Samsara will host a live webcast to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. The live webcast may be accessed at . Following the webcast, a replay will be accessible from the same website. Current assets: Cash and cash equivalents $ 160,348 $ 135,536 Short-term investments 511,564 412,126 Accounts receivable, net 178,723 161,829 Inventories 39,366 22,238 Connected device costs, current 115,093 104,008 Prepaid expenses and other current assets 34,321 51,221 Total current assets 1,039,415 886,958 Restricted cash 20,241 19,202 Long-term investments 241,131 276,166 Property and equipment, net 56,418 54,969 Operating lease right-of-use assets 69,215 81,974 Connected device costs, non-current 234,825 230,782 Deferred commissions 196,013 177,562 Other assets, non-current 6,610 7,232 Total assets $ 1,863,868 $ 1,734,845 Current liabilities: Accounts payable $ 31,522 $ 46,281 Accrued expenses and other current liabilities 63,028 61,437 Accrued compensation and benefits 36,013 37,068 Deferred revenue, current 505,557 426,369 Operating lease liabilities, current 18,000 20,661 Total current liabilities 654,120 591,816 Deferred revenue, non-current 134,165 139,117 Operating lease liabilities, non-current 67,954 78,830 Other liabilities, non-current 8,494 9,935 Total liabilities 864,733 819,698 Stockholders’ equity: Preferred stock — — Class A common stock 11 9 Class B common stock 23 23 Class C common stock — — Additional paid-in capital 2,597,904 2,368,597 Accumulated other comprehensive income — 1,616 Accumulated deficit (1,598,803 ) (1,455,098 ) Total stockholders’ equity 999,135 915,147 Total liabilities and stockholders’ equity $ 1,863,868 $ 1,734,845 Revenue $ 321,981 $ 237,534 $ 902,909 $ 661,111 Cost of revenue 76,027 61,585 218,017 178,008 Gross profit 245,954 175,949 684,892 483,103 Operating expenses: Research and development 76,990 60,820 226,439 185,155 Sales and marketing 150,065 116,780 448,995 353,643 General and administrative 62,660 48,354 177,410 139,888 Lease modification, impairment, and related charges 3,609 4,762 3,609 4,762 Total operating expenses 293,324 230,716 856,453 683,448 Loss from operations (47,370 ) (54,767 ) (171,561 ) (200,345 ) Interest income and other income, net 10,057 9,378 29,767 28,493 Loss before provision for income taxes (37,313 ) (45,389 ) (141,794 ) (171,852 ) Provision for income taxes 493 142 1,911 1,503 Net loss $ (37,806 ) $ (45,531 ) $ (143,705 ) $ (173,355 ) Other comprehensive loss: Foreign currency translation adjustments, net of tax (361 ) (820 ) (1,771 ) 276 Unrealized gains (losses) on investments, net of tax (1,244 ) 382 155 (1,063 ) Other comprehensive loss (1,605 ) (438 ) (1,616 ) (787 ) Comprehensive loss $ (39,411 ) $ (45,969 ) $ (145,321 ) $ (174,142 ) Basic and diluted net loss per share: Net loss per share attributable to common stockholders, basic and diluted $ (0.07 ) $ (0.08 ) $ (0.26 ) $ (0.33 ) Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 559,006,539 537,464,892 553,858,923 531,873,324 Net loss $ (37,806 ) $ (45,531 ) $ (143,705 ) $ (173,355 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 6,757 3,646 15,845 10,839 Stock-based compensation expense 72,592 59,791 208,852 172,395 Net accretion of discounts on investments (3,884 ) (4,104 ) (12,173 ) (12,727 ) Lease modification, impairment, and related charges 3,609 4,762 3,609 4,762 Other non-cash adjustments 2,280 1,937 3,992 2,046 Changes in operating assets and liabilities: Accounts receivable, net (3,032 ) (2,943 ) (23,192 ) 3,824 Inventories (1,775 ) (5,336 ) (20,181 ) 13,467 Prepaid expenses and other current assets 3,942 (17,691 ) 16,899 (17,448 ) Connected device costs (4,240 ) (9,333 ) (15,127 ) (36,997 ) Deferred commissions (7,569 ) (8,219 ) (18,451 ) (21,297 ) Other assets, non-current (112 ) (104 ) 822 267 Accounts payable and other liabilities (11,814 ) 5,043 (13,791 ) (206 ) Deferred revenue 17,000 26,684 74,236 77,155 Operating lease right-of-use assets and liabilities, net 65 3,287 165 7,338 Net cash provided by operating activities 36,013 11,889 77,800 30,063 Purchases of property and equipment (4,776 ) (3,355 ) (14,830 ) (8,858 ) Purchases of investments (196,029 ) (167,012 ) (526,086 ) (541,401 ) Proceeds from sales of investments — 1,700 1,247 6,174 Proceeds from maturities and redemptions of investments 167,040 167,215 472,766 508,093 Other investing activities (100 ) — (200 ) (50 ) Net cash used in investing activities (33,865 ) (1,452 ) (67,103 ) (36,042 ) Payment of taxes related to net share settlement of equity awards (7 ) — (7 ) — Proceeds from issuance of common stock in connection with equity compensation plans 36 265 16,959 13,435 Payment of principal on finance leases (396 ) (501 ) (1,340 ) (1,416 ) Net cash provided by (used in) financing activities (367 ) (236 ) 15,612 12,019 Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 105 (542 ) (458 ) (24 ) Net increase in cash, cash equivalents, and restricted cash 1,886 9,659 25,851 6,016 Cash, cash equivalents, and restricted cash, beginning of period 178,703 220,123 154,738 223,766 Cash, cash equivalents, and restricted cash, end of period $ 180,589 $ 229,782 $ 180,589 $ 229,782 GAAP gross profit $ 245,954 $ 175,949 $ 684,892 $ 483,103 Add: Stock-based compensation expense-related charges (1) 3,879 3,100 11,584 9,307 Non-GAAP gross profit $ 249,833 $ 179,049 $ 696,476 $ 492,410 GAAP gross margin 76 % 74 % 76 % 73 % Non-GAAP gross margin 78 % 75 % 77 % 74 % GAAP loss from operations $ (47,370 ) $ (54,767 ) $ (171,561 ) $ (200,345 ) Add: Stock-based compensation expense-related charges (1) 77,677 62,712 225,579 183,355 Lease modification, impairment, and related charges 3,609 4,762 3,609 4,762 Non-GAAP income (loss) from operations $ 33,916 $ 12,707 $ 57,627 $ (12,228 ) GAAP operating margin (15 %) (23 %) (19 %) (30 %) Non-GAAP operating margin 11 % 5 % 6 % (2 %) GAAP net loss $ (37,806 ) $ (45,531 ) $ (143,705 ) $ (173,355 ) Add: Stock-based compensation expense-related charges 77,677 62,712 225,579 183,355 Lease modification, impairment, and related charges 3,609 4,762 3,609 4,762 Non-GAAP net income (3) $ 43,480 $ 21,943 $ 85,483 $ 14,762 GAAP net loss per share attributable to common stockholders, basic $ (0.07 ) $ (0.08 ) $ (0.26 ) $ (0.33 ) Total impact on net loss per share, basic, from non-GAAP adjustments 0.15 0.12 0.41 0.36 Non-GAAP net income per share attributable to common stockholders, basic $ 0.08 $ 0.04 $ 0.15 $ 0.03 GAAP net loss per share attributable to common stockholders, diluted $ (0.07 ) $ (0.08 ) $ (0.26 ) $ (0.33 ) Total impact on net loss per share, diluted, from non-GAAP adjustments 0.14 0.12 0.41 0.36 Non-GAAP net income per share attributable to common stockholders, diluted (4) $ 0.07 $ 0.04 $ 0.15 $ 0.03 Weighted-average shares used in computing GAAP net loss per share attributable to common stockholders, basic and diluted 559,006,539 537,464,892 553,858,923 531,873,324 Weighted-average shares used in computing non-GAAP net income per share attributable to common stockholders, basic 559,006,539 537,464,892 553,858,923 531,873,324 Weighted-average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted (4) 580,923,231 566,082,414 576,681,883 559,620,309 Net cash provided by operating activities $ 36,013 $ 11,889 $ 77,800 $ 30,063 Purchases of property and equipment (4,776 ) (3,355 ) (14,830 ) (8,858 ) Free cash flow 31,237 8,534 62,970 21,205 Purchases of property and equipment for build-out of corporate office facilities, net of tenant allowances (5) — — — (10,179 ) Adjusted free cash flow $ 31,237 $ 8,534 $ 62,970 $ 11,026 Net cash provided by operating activities margin 11 % 5 % 9 % 5 % Free cash flow margin 10 % 4 % 7 % 3 % Adjusted free cash flow margin 10 % 4 % 7 % 2 % (1) Stock-based compensation expense-related charges were included in the following line items of our condensed consolidated statements of operations and comprehensive loss as follows: Cost of revenue $ 3,879 $ 3,100 $ 11,584 $ 9,307 Research and development 28,574 22,594 82,076 68,716 Sales and marketing 23,441 20,219 66,843 55,310 General and administrative 21,783 16,799 65,076 50,022 Total stock-based compensation expense-related charges (2) $ 77,677 $ 62,712 $ 225,579 $ 183,355 (2) Stock-based compensation expense-related charges included approximately $4.5 million and $15.2 million of employer taxes on employee equity transactions for the three and nine months ended November 2, 2024, respectively, and approximately $2.9 million and $11.0 million of employer taxes on employee equity transactions for the three and nine months ended October 28, 2023, respectively. (3) There were no material income tax effects on our non-GAAP adjustments for all periods presented. (4) For each period in which we had non-GAAP net income, diluted non-GAAP net income per share is calculated using weighted-average number of shares of common stock outstanding during the period, adjusted for dilutive potential shares that were assumed outstanding during the period. (5) In April 2023, we settled a lease dispute which was primarily related to lease incentives associated with leasehold improvements in the form of a tenant allowance and received $11.3 million. View source version on : CONTACT: Investor Contact: Mike Chang Contact: Adam Simons KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA INDUSTRY KEYWORD: NETWORKS INTERNET IOT (INTERNET OF THINGS) DATA MANAGEMENT TECHNOLOGY SOURCE: Samsara Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:10 PM/DISC: 12/05/2024 04:08 PMNew food production methods needed

Is the artificial intelligence stock market boom still wired or tired? Top AI stocks such as ( ) and ( ) face high expectations. For many companies — such as Google parent ( ), ( ) and Facebook parent ( ) — the rise of generative AI poses both risk and opportunity. Amid the emergence of — which generates text, images, and video — it's a good time to be cautious amid the hype, especially given at ( ). Meanwhile, startups OpenAI and Anthropic are battling Google, Meta and others in developing . has gained 37% in 2024 despite growing competition in internet search. OpenAI recently laid out more details of its plans to adopt a in 2025, amid negotiations with investor Microsoft and a feud with ( ) founder Elon Musk. Tesla stock has advanced 73% this year. AI Stocks: Nvidia Cooling Off Many companies suddenly tout AI product roadmaps. In general, look for AI stocks that use artificial intelligence to improve products or gain a strategic edge. Meanwhile, chipmaker Nvidia has been a bellwether for AI stocks. has jumped 176% in 2024 after surging 239% last year. But Nvidia stock has plateaued since early October but may have a . For Nvidia, ramping up production of next-generation Blackwell AI chips in 2025 has been a key issue. Rival ( ) soared on its . Broadcom makes custom AI chips for cloud computing titans. Meanwhile, ( ) makes cloud computing networking gear for Meta, Microsoft and others. Also, Arista stock has gained 92% in 2024. Meanwhile, data analytics software maker ( ) has bucked the trend that chipmakers are the best AI stocks. has soared 360% this year. Palantir stock ranks No. 3 in the roster of growth stocks. Microsoft is the biggest investor in generative AI leader OpenAI, having spent some $14 billion on the startup. Still, Microsoft stock has gained only 14% in 2024 vs. the S&P 500's 25% gain. Further, Nvidia-based is a new AI cloud infrastructure provider that plans an IPO in 2025. Key Issues For Top AI Stocks Meanwhile, Meta 's ( ) top AI executive, Clara Shih, to head a new "Business AI" group. Meta stock has gained 69% in 2024. Also, capital spending has boomed at cloud computing giants Amazon, Microsoft and Google. Tech giants are spending heavily on , such as AI chips and servers, as well as research and development. Capacity constraints in Microsoft's data centers are limiting its ability to meet demand, resulting in a slower growth forecast for its Azure cloud-computing business. Amid increased capital spending by cloud computing giants, the big question is how much incremental AI-related revenue they're getting. The cloud giants in the September quarter notched , indicating that AI investments may be paying off. Also, ( ) has been one of the top AI stocks to watch. Apple stock has gained 32% in 2024. The big question is whether Apple Intelligence features in iPhone 16 models will spur a big upgrade cycle. The best AI stocks to buy span chipmakers, software companies, cloud computing service providers and technology giants. What's clear is that AI stocks are under more scrutiny. "We expect AI to transition from a 'tell me' to a 'show me' story, with any disconnect between investments and revenue generation to come under increased scrutiny," said a Bank of America report. " Software Makers Pivot to AI Agents So far, the biggest demand for AI chips has come from cloud computing giants and internet companies. Broadcom, Qualcomm, ( ), and ( ) are other AI chipmakers to watch. Broadcom and Marvell make custom AI chips for cloud computing giants. In general, semiconductor plays have out-performed software companies as the best AI stocks. Many software companies, meanwhile, have yet to monetize AI products. One big issue for software companies is how fast customers ramp up pilot programs to commercial deployment. Having struggled to generate new revenue from "copilots," software companies are now turning to . Also, for most big application software companies, how to charge for AI-related products has been an issue. Many U.S. companies are pursuing custom AI software development projects, which will take longer to ramp up commercially. Also, AI technology uses computer algorithms. The software programs aim to mimic the human ability to learn, interpret patterns and make predictions. Until recently, machine learning was largely limited to models that processed data to make predictions. The AI models focused on pattern recognition from existing data. Corporate spending on AI projects was modest as companies mulled return on investment. AI Stocks To Watch By Industry Group New generative AI models process "prompts," such as internet search queries, that describe what a user wants to get. Generative AI technologies create text, images, video and computer programming code on their own. Companies will aim to boost productivity by developing customized AI for specific industries. Proprietary company data will be used to train AI models. AI systems require massive computing power to find patterns and make inferences from large quantities of data. So the race is on to build AI chips for data centers, self-driving cars, robotics, smartphones, drones and other devices. For chipmakers, analysts expect a market for "edge AI" — on-device processing of AI apps to emerge. While "training" AI models is now the biggest market for chipmakers like Nvidia, the market will shift to " ," or running AI applications, in the long run. Will AI Startups Challenge Tech Giants What's more, one key question for investors is whether tech industry incumbents will be the big generative AI winners. Or, will a new wave of AI startups eventually dominate? OpenAI has told employees its now on an annual revenue run-rate of $3.4 billion, up from $2 billion in January. OpenAI has raised $6.6 billion in new funding, , up from $86 billion early this year. The new round was led by venture-capital firm Thrive Capital. Microsoft again invested. New investors include SoftBank and Nvidia but not Apple as rumored. Large language models provide the building blocks to develop applications. Further, LLMs help AI systems understand the way that humans write and speak. Also, LLMs require training data for specific tasks. Companies with access to troves of data hold an edge. OpenAI is part of a wave of LLM startups that includes AI21 Labs, Anthropic and Cohere. Anthropic introduced Claude 3, the newest version of its chatbot, and claimed its performance is better than OpenAI's GPT-4. However, OpenAI's dominance faces a . Musk's xAI announced it will open source its Grok LLM, and released the source code for public use. Meanwhile, President-elect Donald Trump named former ( ) executive and Silicon Valley venture capitalist David Sacks . Further, Sacks is an associate of ( ) and SpaceX founder Elon Musk, who has emerged as a key advisor to Trump.

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