UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 2, 2022
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
(612 ) 605-6625
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Item 2.02. Results of Operations and Financial Condition.
On August 4, 2022, Jamf Holding Corp. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2022. In the press release, the Company also announced that it will hold a conference call on August 4, 2022 to discuss its financial results for the quarter ended June 30, 2022. The full text of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
This information is intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 4, 2022, the Company is announcing that Jill Putman has decided to retire from her position as Chief Financial Officer (Principal Financial Officer) of the Company, effective September 1, 2022. Ms. Putman is expected to remain with the Company as in a non-executive capacity through March 2023. In connection with Ms. Putman’s resignation, on August 2, 2022, the Company approved its leadership transition plan and appointed Ian Goodkind, the Company’s current Chief Accounting Officer (Principal Accounting Officer), to succeed Ms. Putman as its Chief Financial Officer (Principal Financial Officer), effective September 1, 2022. Ms. Putman will work closely with Mr. Goodkind to ensure a smooth and orderly transition of responsibilities. The Company expects that Mr. Goodkind will continue to serve as the Company’s Principal Accounting Officer until a replacement is determined.
Ian Goodkind, age 47, has served as the Chief Accounting Officer at the Company since November 2019, leading financial accounting, internal audit, tax and treasury functions. Prior to joining the Company, Mr. Goodkind held various accounting and finance leadership roles at The Mosaic Company, a publicly traded crop nutrition company, from 2006 until March 2019, including Corporate Controller (February 2018 to March 2019), Senior Director and Assistant Controller (August 2016 to February 2018), and other director and management positions in financial reporting. Prior to this, Mr. Goodkind held various roles in accounting at Piper Jaffray and KPMG. Mr. Goodkind received his BSBA in Accounting and Finance from Drake University.
The Company expects to enter into amended compensatory arrangements with Mr. Goodkind in connection with his appointment as Chief Financial Officer, the details of which have not been finalized as of the date of this filing. Compensation arrangements are the subject of ongoing development. Any future changes to such compensatory arrangements will be reported on a subsequent Current Report on Form 8-K.
There are no arrangements or understandings between Mr. Goodkind and any other persons pursuant to which he was appointed as the Company’s Chief Financial Officer. Mr. Goodkind does not have a family relationships with any of the Company’s directors or executive officers, and Mr. Goodkind does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
On August 4, 2022, the Company issued a press release announcing the foregoing. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description of Exhibit | ||||
| 99.1 | |||||
| 99.2 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JAMF HOLDING CORP. | ||||||||
Date: August 4, 2022 | By: | /s/ Jeff Lendino | ||||||
| Name: | Jeff Lendino | |||||||
| Title: | Chief Legal Officer | |||||||
Exhibit 99.1
Jamf Announces Second Quarter 2022 Financial Results
•Q2 total revenue year-over-year growth of 34% to $115.6 million
•ARR year-over-year growth of 40% to $466.0 million as of June 30, 2022
•Cash flow provided by operations of $43.5 million for the TTM ended June 30, 2022, or 10% of TTM total revenue; unlevered free cash flow of $48.1 million, or 11% of TTM total revenue
MINNEAPOLIS – August 4, 2022 – Jamf (NASDAQ: JAMF), the standard in Apple Enterprise Management, today announced financial results for its second quarter ended June 30, 2022.
“Our strong performance in the second quarter is another testament to the resiliency and diversity of Jamf’s business model,” said Dean Hager, CEO of Jamf. “Increasing demand for Jamf’s broad line of security solutions combined with a strengthening replacement market for core management solutions show that Jamf’s unique approach to support and extend Apple innovations the same day they are made available is proving to be more valuable than ever to existing and new customers.”
Second Quarter 2022 Financial Highlights
•ARR: ARR increase of 40% year-over-year to $466.0 million as of June 30, 2022.
•Revenue: Total revenue of $115.6 million, an increase of 34% year-over-year.
•Gross Profit: GAAP gross profit of $86.2 million, or 75% of total revenue, compared to $66.9 million in the second quarter of 2021. Non-GAAP gross profit of $93.9 million, or 81% of total revenue, compared to $70.2 million in the second quarter of 2021.
•Operating Loss/Income: GAAP operating loss of $61.8 million, or (53)% of total revenue, compared to $16.1 million in the second quarter of 2021. Non-GAAP operating income of $4.5 million, or 4% of total revenue, compared to $7.7 million in the second quarter of 2021.
•Cash Flow: Cash flow provided by operations of $43.5 million for the TTM ended June 30, 2022, or 10% of TTM total revenue, compared to $81.3 million for the TTM ended June 30, 2021. Unlevered free cash flow of $48.1 million for the TTM ended June 30, 2022, or 11% of TTM total revenue, compared to $81.2 million for the TTM ended June 30, 2021.
A reconciliation between historical GAAP and non-GAAP information is contained in the tables below and the section titled “Non-GAAP Financial Measures” below contains descriptions of these reconciliations.
Jamf Appoints Ian Goodkind as CFO and Announces Retirement of Current CFO Jill Putman
Jamf today also announced the appointment of Ian Goodkind as Chief Financial Officer to succeed current CFO Jill Putman, effective September 1, 2022.
Mr. Goodkind, who currently serves as Jamf’s CAO, has been with the company since 2019, leading the financial accounting, internal audit, tax and treasury functions. Mr. Goodkind has been instrumental in scaling the company for growth and building out Jamf’s public company infrastructure, along with playing a pivotal role in recent Jamf acquisitions.
Ms. Putman is retiring from her role as CFO and is expected to continue with the company in a non-executive capacity through March 2023, to ensure a successful transition.
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Recent Business Highlights
•Ended the second quarter serving more than 67,000 customers with more than 28.4 million devices on our platform.
•Released Jamf Trust application to power workflows associated with Jamf’s security platform of products across iOS, iPadOS, macOS, Android and Windows devices.
•Launched Jamf Safe Internet, a comprehensive content filtering solution optimized for education that is integrated with Jamf’s management and security platform, to deliver a safe online experience to students while offering effortless management for admins.
•Recognized as a leader in the IDC MarketScape: Worldwide Unified Endpoint Management Software for Apple Devices 2022 Vendor Assessment.
•Achieved both ISO 27001 and ISO 27701 certifications, signifying implementation of industry best practices for handling and securing customer personal data.
•Hosted four Jamf Nation Live events across Western Europe, bringing together Jamf customers and prospects to discover new and better ways to manage and secure Apple devices to empower people, transform business processes and make IT life easier.
Financial Outlook
For the third quarter of 2022, Jamf currently expects:
•Total revenue of $121.5 to $122.5 million
•Non-GAAP operating income of $4 to $5 million
For the full year 2022, Jamf currently expects:
•Total revenue of $475 to $477 million
•Non-GAAP operating income of $21 to $23 million
To assist with modeling, for the third quarter of 2022 and full year 2022, amortization is expected to be approximately $12.3 million and $47.9 million, respectively. In addition, for the third quarter of 2022 and full year 2022, stock-based compensation and related payroll taxes is expected to be approximately $23.2 million and $116.9 million, respectively.
Jamf is unable to provide a quantitative reconciliation of forward-looking guidance of non-GAAP operating income to GAAP operating income (loss) because certain items are out of Jamf’s control or cannot be reasonably predicted. Historically, these items have included, but are not limited to, acquisition-related expenses and acquisition-related earn-out, offering costs, amortization and stock-based compensation and related payroll taxes. Accordingly, a reconciliation for forward-looking non-GAAP operating income is not available without unreasonable effort. These items are uncertain, depend on various factors, and could result in projected GAAP operating income (loss) being materially less than is indicated by currently estimated non-GAAP operating income.
These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.
Webcast and Conference Call Information
Jamf will host a conference call and live webcast for analysts and investors at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on August 4, 2022.
The conference call will be webcast live on Jamf’s Investor Relations website at https://ir.jamf.com, along with the earnings press release, financial tables, earnings presentation and investor presentation. Those parties interested in participating via telephone may register on Jamf’s Investor Relations website.
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A replay of the call will be available on the Investor Relations website beginning on August 4, 2022, at approximately 7:00 p.m. ET.
Please note that Jamf uses its https://ir.jamf.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts.
Non-GAAP Financial Measures
In addition to our results determined in accordance with generally accepted accounting principles in the United States (“GAAP”), we believe the non-GAAP measures of non-GAAP operating expenses, non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP income before income taxes, non-GAAP provision for income taxes as it relates to the calculation of non-GAAP net income, non-GAAP net income, free cash flow, free cash flow margin, unlevered free cash flow, and unlevered free cash flow margin are useful in evaluating our operating performance. Certain of these non-GAAP measures exclude stock-based compensation, amortization expense, acquisition-related expenses, acquisition-related earnout, offering costs, foreign currency transaction loss, payroll taxes related to stock-based compensation, legal reserve, loss on extinguishment of debt, and amortization of debt issuance costs. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non-GAAP information to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP measures used by other companies. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by GAAP to be recorded in our financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by our management about which expenses are excluded or included in determining these non-GAAP financial measures. Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables at the end of this release. Jamf strongly encourages investors to review its consolidated financial statements included in publicly filed reports in their entirety and not rely solely on any single financial measurement or communication.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business and include statements regarding our future financial and operating performance (including our financial outlook for future reporting periods). You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “can have,” “likely,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, among others: the impact on our operations from macroeconomic and market conditions, including heightened inflation, slower growth or recession, changes to fiscal and monetary policy, higher interest rates, currency fluctuations, challenges in the supply chain and the effects of the ongoing COVID-19 pandemic; the potential impact of customer dissatisfaction with Apple or other negative events affecting Apple services and devices, and failure of enterprises to adopt Apple products; the potentially adverse impact of changes in features and functionality by Apple on our engineering focus or product development efforts; changes in our continued relationship with Apple; the fact that we are not party to any exclusive agreements or arrangements with Apple; our reliance, in part, on channel partners for the sale and distribution of our products; our ability to successfully develop new products or materially enhance current products through our research and
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development efforts; our ability to continue to attract new customers; our ability to retain our current customers; our ability to sell additional functionality to our current customers; our ability to correctly estimate market opportunity and forecast market growth; risks associated with failing to continue our recent growth rates; our dependence on one of our products for a substantial portion of our revenue; our ability to scale our business and manage our expenses; our ability to change our pricing models, if necessary to compete successfully; the impact of delays or outages of our cloud services from any disruptions, capacity limitations or interferences of third-party data centers that host our cloud services, including Amazon Web Services; our ability to meet service-level commitments under our subscription agreements; our ability to maintain, enhance and protect our brand; our ability to maintain our corporate culture; the ability of Jamf Nation to thrive and grow as we expand our business; the potential impact of inaccurate, incomplete or misleading content that is posted on Jamf Nation; our ability to offer high-quality support; risks and uncertainties associated with acquisitions and divestitures (such as our acquisition of Wandera); our ability to predict and respond to rapidly evolving technological trends and our customers' changing needs; our ability to compete with existing and new companies; the impact of adverse general and industry-specific economic and market conditions; the impact of reductions in IT spending; our ability to attract and retain highly qualified personnel; risks associated with competitive challenges faced by our customers; the impact of our often long and unpredictable sales cycle; the risks associated with sales to new and existing enterprise customers; our ability to develop and expand our marketing and sales capabilities; the risks associated with free trials and other inbound, lead-generation sales strategies; the risks associated with indemnity provisions in our contracts; our management team’s limited experience managing a public company; risks associated with cyber-security events; the impact of real or perceived errors, failures or bugs in our products; the impact of general disruptions to data transmission; risks associated with stringent and changing privacy laws, regulations and standards, and information security policies and contractual obligations related to data privacy and security; the risks associated with intellectual property infringement claims; our reliance on third-party software and intellectual property licenses; our ability to protect our intellectual property and proprietary rights; the risks associated with our use of open source software in our products; risks associated with our indebtedness; and risks associated with global events (such as Russia’s invasion of Ukraine and related sanctions).
Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. Given these factors, as well as other variables that may affect our operating results, you should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, or use historical trends to anticipate results or trends in future periods. The forward-looking statements included in this press release relate only to events as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
About Jamf
Jamf, the standard in Apple Enterprise Management, extends the legendary Apple experience people love to businesses, schools and government organizations through its software and the world’s largest online community of IT admins focused exclusively on Apple, Jamf Nation. To learn more, visit: www.jamf.com.
Investor Contact
Jennifer Gaumond
ir@jamf.com
Media Contact
Rachel Nauen
media@jamf.com
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Jamf Holding Corp.
Consolidated Balance Sheets
(in thousands)
(unaudited)
| June 30, 2022 | December 31, 2021 | ||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 182,349 | $ | 177,150 | |||||||
Trade accounts receivable, net of allowances of $479 and $391 | 96,450 | 79,143 | |||||||||
| Income taxes receivable | 450 | 608 | |||||||||
| Deferred contract costs | 15,460 | 12,904 | |||||||||
| Prepaid expenses | 17,513 | 17,581 | |||||||||
| Other current assets | 4,953 | 4,212 | |||||||||
| Total current assets | 317,175 | 291,598 | |||||||||
| Equipment and leasehold improvements, net | 17,334 | 18,045 | |||||||||
| Goodwill | 823,671 | 845,734 | |||||||||
| Other intangible assets, net | 233,557 | 264,593 | |||||||||
| Deferred contract costs, non-current | 34,823 | 29,842 | |||||||||
| Other assets | 39,530 | 30,608 | |||||||||
| Total assets | $ | 1,466,090 | $ | 1,480,420 | |||||||
| Liabilities and stockholders’ equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 9,506 | $ | 9,306 | |||||||
| Accrued liabilities | 50,761 | 54,022 | |||||||||
| Income taxes payable | 203 | 167 | |||||||||
| Deferred revenues | 249,374 | 223,031 | |||||||||
| Total current liabilities | 309,844 | 286,526 | |||||||||
| Deferred revenues, non-current | 67,578 | 59,097 | |||||||||
| Deferred tax liability, net | 7,596 | 8,700 | |||||||||
| Convertible senior notes, net | 363,265 | 362,031 | |||||||||
| Other liabilities | 23,861 | 25,640 | |||||||||
| Total liabilities | 772,144 | 741,994 | |||||||||
| Commitments and contingencies | |||||||||||
| Stockholders’ equity: | |||||||||||
| Preferred stock | — | — | |||||||||
| Common stock | 120 | 119 | |||||||||
| Additional paid-in capital | 987,576 | 913,581 | |||||||||
| Accumulated other comprehensive loss | (37,574) | (7,866) | |||||||||
| Accumulated deficit | (256,176) | (167,408) | |||||||||
| Total stockholders’ equity | 693,946 | 738,426 | |||||||||
| Total liabilities and stockholders’ equity | $ | 1,466,090 | $ | 1,480,420 | |||||||
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Jamf Holding Corp.
Consolidated Statements of Operations
(in thousands, except share and per share amounts)
(unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Revenue: | |||||||||||||||||||||||
| Subscription | $ | 109,407 | $ | 80,718 | $ | 211,608 | $ | 155,200 | |||||||||||||||
| Services | 5,027 | 3,929 | 8,971 | 7,932 | |||||||||||||||||||
| License | 1,204 | 1,591 | 3,317 | 3,833 | |||||||||||||||||||
| Total revenue | 115,638 | 86,238 | 223,896 | 166,965 | |||||||||||||||||||
| Cost of revenue: | |||||||||||||||||||||||
Cost of subscription(1)(2)(3)(4) (exclusive of amortization expense shown below) | 20,634 | 13,875 | 40,536 | 25,889 | |||||||||||||||||||
Cost of services(1)(2)(3) (exclusive of amortization expense shown below) | 3,493 | 2,607 | 6,600 | 5,072 | |||||||||||||||||||
| Amortization expense | 5,265 | 2,860 | 10,483 | 5,637 | |||||||||||||||||||
| Total cost of revenue | 29,392 | 19,342 | 57,619 | 36,598 | |||||||||||||||||||
| Gross profit | 86,246 | 66,896 | 166,277 | 130,367 | |||||||||||||||||||
| Operating expenses: | |||||||||||||||||||||||
Sales and marketing(1)(2)(3)(4) | 58,750 | 32,617 | 105,075 | 62,784 | |||||||||||||||||||
Research and development(1)(2)(3)(4) | 33,983 | 17,203 | 58,785 | 32,829 | |||||||||||||||||||
General and administrative(1)(2)(3)(4) | 48,321 | 27,508 | 73,933 | 43,752 | |||||||||||||||||||
| Amortization expense | 7,034 | 5,623 | 14,063 | 11,250 | |||||||||||||||||||
| Total operating expenses | 148,088 | 82,951 | 251,856 | 150,615 | |||||||||||||||||||
| Loss from operations | (61,842) | (16,055) | (85,579) | (20,248) | |||||||||||||||||||
| Interest expense, net | (641) | (167) | (1,500) | (222) | |||||||||||||||||||
| Foreign currency transaction loss | (676) | (308) | (1,457) | (526) | |||||||||||||||||||
| Loss before income tax benefit (provision) | (63,159) | (16,530) | (88,536) | (20,996) | |||||||||||||||||||
| Income tax benefit (provision) | 20 | 63 | (232) | (60) | |||||||||||||||||||
| Net loss | $ | (63,139) | $ | (16,467) | $ | (88,768) | $ | (21,056) | |||||||||||||||
| Net loss per share, basic and diluted | $ | (0.53) | $ | (0.14) | $ | (0.74) | $ | (0.18) | |||||||||||||||
| Weighted‑average shares used to compute net loss per share, basic and diluted | 119,941,482 | 117,909,720 | 119,768,871 | 117,649,467 | |||||||||||||||||||
(1) Includes stock-based compensation as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||
| Cost of revenue: | |||||||||||||||||||||||
| Subscription | $ | 2,061 | $ | 344 | $ | 4,016 | $ | 668 | |||||||||||||||
| Services | 313 | 75 | 617 | 152 | |||||||||||||||||||
| Sales and marketing | 13,811 | 1,088 | 19,670 | 1,930 | |||||||||||||||||||
| Research and development | 10,631 | 1,153 | 14,490 | 1,931 | |||||||||||||||||||
| General and administrative | 26,208 | 1,446 | 30,241 | 2,257 | |||||||||||||||||||
| $ | 53,024 | $ | 4,106 | $ | 69,034 | $ | 6,938 | ||||||||||||||||
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(2) Includes payroll taxes related to stock-based compensation as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||
| Cost of revenue: | |||||||||||||||||||||||
| Subscription | $ | 24 | $ | — | $ | 24 | $ | — | |||||||||||||||
| Services | 1 | — | 1 | — | |||||||||||||||||||
| Sales and marketing | 65 | 59 | 77 | 146 | |||||||||||||||||||
| Research and development | 77 | 24 | 104 | 117 | |||||||||||||||||||
| General and administrative | 86 | 138 | 183 | 353 | |||||||||||||||||||
| $ | 253 | $ | 221 | $ | 389 | $ | 616 | ||||||||||||||||
(3) Includes depreciation expense as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||
| Cost of revenue: | |||||||||||||||||||||||
| Subscription | $ | 286 | $ | 249 | $ | 606 | $ | 512 | |||||||||||||||
| Services | 41 | 38 | 86 | 81 | |||||||||||||||||||
| Sales and marketing | 633 | 524 | 1,317 | 1,098 | |||||||||||||||||||
| Research and development | 397 | 277 | 756 | 582 | |||||||||||||||||||
| General and administrative | 235 | 183 | 473 | 378 | |||||||||||||||||||
| $ | 1,592 | $ | 1,271 | $ | 3,238 | $ | 2,651 | ||||||||||||||||
(4) Includes acquisition-related expense as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||
| Cost of revenue: | |||||||||||||||||||||||
| Subscription | $ | 23 | $ | — | $ | 61 | $ | — | |||||||||||||||
| Sales and marketing | — | — | 7 | — | |||||||||||||||||||
| Research and development | 283 | 41 | 546 | 41 | |||||||||||||||||||
| General and administrative | 242 | 2,174 | 1,035 | 2,284 | |||||||||||||||||||
| $ | 548 | $ | 2,215 | $ | 1,649 | $ | 2,325 | ||||||||||||||||
General and administrative also includes acquisition-related earnout of $0.1 million and $3.9 million for the three months ended June 30, 2022 and 2021, respectively, and $0.2 million and $4.2 million for the six months ended June 30, 2022 and 2021, respectively. The acquisition-related earnout was an expense for both the three and six months ended June 30, 2022 and 2021 reflecting the increase in fair value of the Digita acquisition contingent liability due to growth in sales of our Jamf Protect product. General and administrative also includes legal reserve of $4.2 million for the three and six months ended June 30, 2021.
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Jamf Holding Corp.
Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
| Six Months Ended June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Cash flows from operating activities | |||||||||||
| Net loss | $ | (88,768) | $ | (21,056) | |||||||
| Adjustments to reconcile net loss to cash provided by operating activities: | |||||||||||
| Depreciation and amortization expense | 27,784 | 19,538 | |||||||||
| Amortization of deferred contract costs | 7,859 | 5,861 | |||||||||
| Amortization of debt issuance costs | 1,358 | 249 | |||||||||
| Non-cash lease expense | 2,943 | 2,398 | |||||||||
| Provision for credit losses and returns | 274 | (41) | |||||||||
| Share‑based compensation | 69,034 | 6,938 | |||||||||
| Deferred tax benefit | (1,199) | (669) | |||||||||
| Adjustment to contingent consideration | 188 | 4,237 | |||||||||
| Other | 1,438 | 454 | |||||||||
| Changes in operating assets and liabilities: | |||||||||||
| Trade accounts receivable | (17,870) | 2,249 | |||||||||
| Income tax receivable/payable | 165 | (238) | |||||||||
| Prepaid expenses and other assets | (3,851) | (2,986) | |||||||||
| Deferred contract costs | (15,438) | (11,848) | |||||||||
| Accounts payable | 292 | 2,284 | |||||||||
| Accrued liabilities | (3,100) | (1,889) | |||||||||
| Deferred revenue | 35,233 | 32,627 | |||||||||
| Other liabilities | — | (86) | |||||||||
| Net cash provided by operating activities | 16,342 | 38,022 | |||||||||
| Cash flows from investing activities | |||||||||||
| Acquisitions, net of cash acquired | (4,023) | (3,041) | |||||||||
| Purchases of equipment and leasehold improvements | (2,876) | (5,211) | |||||||||
| Other | (79) | 22 | |||||||||
| Net cash used in investing activities | (6,978) | (8,230) | |||||||||
| Cash flows from financing activities | |||||||||||
| Debt issuance costs | (50) | (530) | |||||||||
| Cash paid for offering costs | (80) | (243) | |||||||||
| Cash paid for contingent consideration | (4,588) | (4,206) | |||||||||
| Payment of acquisition-related holdback | (200) | — | |||||||||
| Proceeds from the exercise of stock options | 1,543 | 7,063 | |||||||||
| Net cash (used in) provided by financing activities | (3,375) | 2,084 | |||||||||
| Effect of exchange rate changes on cash and cash equivalents | (790) | (259) | |||||||||
| Net increase in cash and cash equivalents | 5,199 | 31,617 | |||||||||
| Cash and cash equivalents, beginning of period | 177,150 | 194,868 | |||||||||
| Cash and cash equivalents, end of period | $ | 182,349 | $ | 226,485 | |||||||
8
Jamf Holding Corp.
Supplemental Financial Information
Disaggregated Revenues
(in thousands)
(unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| SaaS subscription and support and maintenance | $ | 104,291 | $ | 72,121 | $ | 200,641 | $ | 138,897 | |||||||||||||||
| On‑premise subscription | 5,116 | 8,597 | 10,967 | 16,303 | |||||||||||||||||||
| Subscription revenue | 109,407 | 80,718 | 211,608 | 155,200 | |||||||||||||||||||
| Professional services | 5,027 | 3,929 | 8,971 | 7,932 | |||||||||||||||||||
| Perpetual licenses | 1,204 | 1,591 | 3,317 | 3,833 | |||||||||||||||||||
| Non‑subscription revenue | 6,231 | 5,520 | 12,288 | 11,765 | |||||||||||||||||||
| Total revenue | $ | 115,638 | $ | 86,238 | $ | 223,896 | $ | 166,965 | |||||||||||||||
9
Jamf Holding Corp.
Key Business Metrics
(in millions, except number of customers and percentages)
(unaudited)
| June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | ||||||||||||||||||||||||||||||
| ARR | $ | 466.0 | $ | 436.5 | $ | 412.5 | $ | 384.8 | $ | 333.0 | $ | 308.0 | |||||||||||||||||||||||
| ARR from management solutions as a percent of total ARR | 82 | % | 83 | % | 84 | % | 84 | % | 91 | % | 93 | % | |||||||||||||||||||||||
| ARR from security solutions as a percent of total ARR | 18 | % | 17 | % | 16 | % | 16 | % | 9 | % | 7 | % | |||||||||||||||||||||||
| ARR from commercial customers as a percent of total ARR | 71 | % | 70 | % | 69 | % | 68 | % | 64 | % | 63 | % | |||||||||||||||||||||||
| ARR from education customers as a percent of total ARR | 29 | % | 30 | % | 31 | % | 32 | % | 36 | % | 37 | % | |||||||||||||||||||||||
Dollar-based net retention rate (1) | 117 | % | 120 | % | 120 | % | 119 | % | 119 | % | 117 | % | |||||||||||||||||||||||
Devices (2) | 28.4 | 26.8 | 26.1 | 25.0 | 23.2 | 21.8 | |||||||||||||||||||||||||||||
| Customers | 67,000 | 62,000 | 60,000 | 57,000 | 53,000 | 50,000 | |||||||||||||||||||||||||||||
(1) The dollar-based net retention rate for the TTM ended June 30, 2022 includes Wandera. The dollar-based net retention rates for periods prior to June 30, 2022 were based on our Jamf legacy business and did not include Wandera since it had not been a part of our business for the full trailing twelve months.
(2) Previously reported devices for March 31, 2022 and Dec. 31, 2021 have been updated to reflect an immaterial adjustment.
10
Jamf Holding Corp.
Supplemental Financial Information
Reconciliation of GAAP to non-GAAP Financial Data
(in thousands, except share and per share amounts)
(unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Operating expenses | $ | 148,088 | $ | 82,951 | $ | 251,856 | $ | 150,615 | |||||||||||||||
| Amortization expense | (7,034) | (5,623) | (14,063) | (11,250) | |||||||||||||||||||
| Stock-based compensation | (50,650) | (3,687) | (64,401) | (6,118) | |||||||||||||||||||
| Acquisition-related expense | (525) | (2,215) | (1,588) | (2,325) | |||||||||||||||||||
| Acquisition-related earnout | (100) | (3,937) | (188) | (4,237) | |||||||||||||||||||
| Offering costs | (124) | (594) | (124) | (594) | |||||||||||||||||||
| Payroll taxes related to stock-based compensation | (228) | (221) | (364) | (616) | |||||||||||||||||||
| Legal reserve | — | (4,200) | — | (4,200) | |||||||||||||||||||
| Non-GAAP operating expenses | $ | 89,427 | $ | 62,474 | $ | 171,128 | $ | 121,275 | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Gross profit | $ | 86,246 | $ | 66,896 | $ | 166,277 | $ | 130,367 | |||||||||||||||
| Amortization expense | 5,265 | 2,860 | 10,483 | 5,637 | |||||||||||||||||||
| Stock-based compensation | 2,374 | 419 | 4,633 | 820 | |||||||||||||||||||
| Acquisition-related expense | 23 | — | 61 | — | |||||||||||||||||||
| Payroll taxes related to stock-based compensation | 25 | — | 25 | — | |||||||||||||||||||
| Non-GAAP gross profit | $ | 93,933 | $ | 70,175 | $ | 181,479 | $ | 136,824 | |||||||||||||||
| Gross profit margin | 75% | 78% | 74% | 78% | |||||||||||||||||||
| Non-GAAP gross profit margin | 81% | 81% | 81% | 82% | |||||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Operating loss | $ | (61,842) | $ | (16,055) | $ | (85,579) | $ | (20,248) | |||||||||||||||
| Amortization expense | 12,299 | 8,483 | 24,546 | 16,887 | |||||||||||||||||||
| Stock-based compensation | 53,024 | 4,106 | 69,034 | 6,938 | |||||||||||||||||||
| Acquisition-related expense | 548 | 2,215 | 1,649 | 2,325 | |||||||||||||||||||
| Acquisition-related earnout | 100 | 3,937 | 188 | 4,237 | |||||||||||||||||||
| Offering costs | 124 | 594 | 124 | 594 | |||||||||||||||||||
| Payroll taxes related to stock-based compensation | 253 | 221 | 389 | 616 | |||||||||||||||||||
| Legal reserve | — | 4,200 | — | 4,200 | |||||||||||||||||||
| Non-GAAP operating income | $ | 4,506 | $ | 7,701 | $ | 10,351 | $ | 15,549 | |||||||||||||||
| Operating loss margin | (53)% | (19)% | (38)% | (12)% | |||||||||||||||||||
| Non-GAAP operating income margin | 4% | 9% | 5% | 9% | |||||||||||||||||||
11
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Net loss | $ | (63,139) | $ | (16,467) | $ | (88,768) | $ | (21,056) | |||||||||||||||
| Exclude: Income tax benefit (provision) | 20 | 63 | (232) | (60) | |||||||||||||||||||
| Loss before income tax benefit (provision) | (63,159) | (16,530) | (88,536) | (20,996) | |||||||||||||||||||
| Amortization expense | 12,299 | 8,483 | 24,546 | 16,887 | |||||||||||||||||||
| Stock-based compensation | 53,024 | 4,106 | 69,034 | 6,938 | |||||||||||||||||||
| Foreign currency transaction loss | 676 | 308 | 1,457 | 526 | |||||||||||||||||||
| Amortization of debt issuance costs | 679 | — | 1,358 | — | |||||||||||||||||||
| Acquisition-related expense | 548 | 2,215 | 1,649 | 2,325 | |||||||||||||||||||
| Acquisition-related earnout | 100 | 3,937 | 188 | 4,237 | |||||||||||||||||||
| Offering costs | 124 | 594 | 124 | 594 | |||||||||||||||||||
| Payroll taxes related to stock-based compensation | 253 | 221 | 389 | 616 | |||||||||||||||||||
| Legal reserve | — | 4,200 | — | 4,200 | |||||||||||||||||||
| Non-GAAP income before income taxes | 4,544 | 7,534 | 10,209 | 15,327 | |||||||||||||||||||
Non-GAAP provision for income taxes (1) | (1,090) | (1,808) | (2,450) | (3,678) | |||||||||||||||||||
| Non-GAAP net income | $ | 3,454 | $ | 5,726 | $ | 7,759 | $ | 11,649 | |||||||||||||||
| Net loss per share: | |||||||||||||||||||||||
| Basic | $ | (0.53) | $ | (0.14) | $ | (0.74) | $ | (0.18) | |||||||||||||||
| Diluted | $ | (0.53) | $ | (0.14) | $ | (0.74) | $ | (0.18) | |||||||||||||||
| Weighted‑average shares used in computing net loss per share: | |||||||||||||||||||||||
| Basic | 119,941,482 | 117,909,720 | 119,768,871 | 117,649,467 | |||||||||||||||||||
| Diluted | 119,941,482 | 117,909,720 | 119,768,871 | 117,649,467 | |||||||||||||||||||
| Non-GAAP net income per share: | |||||||||||||||||||||||
| Basic | $ | 0.03 | $ | 0.05 | $ | 0.06 | $ | 0.10 | |||||||||||||||
| Diluted | $ | 0.03 | $ | 0.05 | $ | 0.06 | $ | 0.10 | |||||||||||||||
| Weighted-average shares used in computing non-GAAP net income per share: | |||||||||||||||||||||||
| Basic | 119,941,482 | 117,909,720 | 119,768,871 | 117,649,467 | |||||||||||||||||||
| Diluted | 129,189,399 | 120,521,776 | 129,436,956 | 120,499,563 | |||||||||||||||||||
(1) Beginning in the first quarter of 2022, Jamf changed its method of calculating its non-GAAP provision for income taxes in accordance with the SEC’s Non-GAAP Financial Measures Compliance and Disclosure Interpretation on a retroactive basis. Under the new method, Jamf’s blended U.S. statutory rate of 24% is used as an estimate for the current and deferred income tax expense associated with our non-GAAP income before income taxes. Historically, Jamf had approximated the effective tax rate by taking into account the sizeable U.S. net operating loss carryforwards and tax credit carryforwards that have not been recorded where Jamf does not expect to record or pay tax for the foreseeable future.
12
| Six Months Ended June 30, | Years Ended December 31, | ||||||||||||||||||||||||||||
| 2022 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
| Net cash provided by operating activities | $ | 16,342 | $ | 38,022 | $ | 9,515 | $ | 65,165 | $ | 52,801 | |||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||
| Purchases of equipment and leasehold improvements | (2,876) | (5,211) | (1,366) | (9,755) | (4,368) | ||||||||||||||||||||||||
| Free cash flow | 13,466 | 32,811 | 8,149 | 55,410 | 48,433 | ||||||||||||||||||||||||
| Add: | |||||||||||||||||||||||||||||
| Cash paid for interest | 371 | 6 | 9,262 | 967 | 12,649 | ||||||||||||||||||||||||
| Cash paid for acquisition-related expense | 1,720 | 1,094 | 1,600 | 5,039 | 5,200 | ||||||||||||||||||||||||
| Cash paid for legal settlement | — | — | — | 5,000 | — | ||||||||||||||||||||||||
| Unlevered free cash flow | $ | 15,557 | $ | 33,911 | $ | 19,011 | $ | 66,416 | $ | 66,282 | |||||||||||||||||||
| Total revenue | $ | 223,896 | $ | 166,965 | $ | 122,317 | $ | 366,388 | $ | 269,132 | |||||||||||||||||||
| Net cash provided by operating activities as a percentage of total revenue | 7% | 23% | 8% | 18% | 20% | ||||||||||||||||||||||||
| Free cash flow margin | 6% | 20% | 7% | 15% | 18% | ||||||||||||||||||||||||
| Unlevered free cash flow margin | 7% | 20% | 16% | 18% | 25% | ||||||||||||||||||||||||
Trailing Twelve Months Ended June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Net cash provided by operating activities | $ | 43,485 | $ | 81,308 | |||||||
| Less: | |||||||||||
| Purchases of equipment and leasehold improvements | (7,420) | (8,213) | |||||||||
| Free cash flow | 36,065 | 73,095 | |||||||||
| Add: | |||||||||||
| Cash paid for interest | 1,332 | 3,393 | |||||||||
| Cash paid for acquisition-related expense | 5,665 | 4,694 | |||||||||
| Cash paid for legal settlement | 5,000 | — | |||||||||
| Unlevered free cash flow | $ | 48,062 | $ | 81,182 | |||||||
| Total revenue | $ | 423,319 | $ | 313,780 | |||||||
| Net cash provided by operating activities as a percentage of total revenue | 10% | 26% | |||||||||
| Free cash flow margin | 9% | 23% | |||||||||
| Unlevered free cash flow margin | 11% | 26% | |||||||||
13
Exhibit 99.2
Jamf Appoints Ian Goodkind as Chief Financial Officer
MINNEAPOLIS – August 4, 2022 – Today, Jamf (NASDAQ: JAMF), the standard in Apple Enterprise Management, today announced it has appointed Ian Goodkind as Chief Financial Officer, effective September 1, 2022. Mr. Goodkind will succeed Jamf’s current Chief Financial Officer, Jill Putman, who is retiring from her position, effective September 1, 2022. Ms. Putman is expected to continue with the company in a non-executive capacity through March 2023 and will work closely with Mr. Goodkind to facilitate a seamless transition.
Mr. Goodkind, who currently serves as Jamf’s Chief Accounting Officer, has been with the company since 2019, leading the financial accounting, internal audit, tax and treasury functions. Prior to Jamf, Mr. Goodkind worked as the Corporate Controller and in various finance leadership roles at The Mosaic Company for over 12 years. Before The Mosaic Company, Mr. Goodkind worked in accounting at Piper Jaffray and KPMG.
“Ian has been an integral part of our leadership team as our Chief Accounting Officer, especially as we transitioned to a public company and completed a number of key acquisitions. I am confident he will thrive as Jamf’s Chief Financial Officer,” said Dean Hager, Jamf Chief Executive Officer. “Ian’s deep financial, strategic and operational expertise will be a valuable asset as we continue to deliver long-term growth and profitability.”
“I am honored and excited to take on this new role as Jamf’s Chief Financial Officer, especially as we continue to grow our value as the world’s only complete management and security solution for the Apple-first enterprise,” said Goodkind. “I thank Jill for her mentorship, which has positioned me and the entire finance and accounting team to continue driving Jamf forward.”
“I could not be more proud of what Jamf has accomplished over the years, and I am honored to have worked with such a strategic leadership team,” said Putman. “Since our IPO in 2020, Jamf has driven substantial growth, led by innovation and a relentless focus on delivering the most robust solution set to help organizations succeed with Apple. I wish Ian and the entire Jamf team continued success well into the future.”
“I am incredibly grateful to Jill for the immense contributions she has made during her time at Jamf,” said Hager. “Since joining the team in 2014, and bringing me on board, she has been instrumental to Jamf’s success, helping us drive an over 17x increase in annual recurring revenue and leading us through our IPO in 2020. I know Jill will be a friend of Jamf for life.”
Second Quarter 2022 Financial Results
Jamf is scheduled to report second quarter 2022 financial results for the period ended June 30, 2022, following the close of the market on Thursday, August 4, 2022. Information on the second quarter results and associated conference call can be found on the company’s website at https://ir.jamf.com. Both Mr. Goodkind and Ms. Putman will participate in the conference call.
Please note that Jamf uses its https://ir.jamf.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business and include
statements regarding our future financial and operating performance (including our financial outlook for future reporting periods). You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “can have,” “likely,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, among others: the impact on our operations from macroeconomic and market conditions, including heightened inflation, slower growth or recession, changes to fiscal and monetary policy, higher interest rates, currency fluctuations, challenges in the supply chain and the effects of the ongoing COVID-19 pandemic; the potential impact of customer dissatisfaction with Apple or other negative events affecting Apple services and devices, and failure of enterprises to adopt Apple products; the potentially adverse impact of changes in features and functionality by Apple on our engineering focus or product development efforts; changes in our continued relationship with Apple; the fact that we are not party to any exclusive agreements or arrangements with Apple; our reliance, in part, on channel partners for the sale and distribution of our products; our ability to successfully develop new products or materially enhance current products through our research and development efforts; our ability to continue to attract new customers; our ability to retain our current customers; our ability to sell additional functionality to our current customers; our ability to correctly estimate market opportunity and forecast market growth; risks associated with failing to continue our recent growth rates; our dependence on one of our products for a substantial portion of our revenue; our ability to scale our business and manage our expenses; our ability to change our pricing models, if necessary to compete successfully; the impact of delays or outages of our cloud services from any disruptions, capacity limitations or interferences of third-party data centers that host our cloud services, including Amazon Web Services; our ability to meet service-level commitments under our subscription agreements; our ability to maintain, enhance and protect our brand; our ability to maintain our corporate culture; the ability of Jamf Nation to thrive and grow as we expand our business; the potential impact of inaccurate, incomplete or misleading content that is posted on Jamf Nation; our ability to offer high-quality support; risks and uncertainties associated with acquisitions and divestitures (such as our acquisition of Wandera); our ability to predict and respond to rapidly evolving technological trends and our customers' changing needs; our ability to compete with existing and new companies; the impact of adverse general and industry-specific economic and market conditions; the impact of reductions in IT spending; our ability to attract and retain highly qualified personnel; risks associated with competitive challenges faced by our customers; the impact of our often long and unpredictable sales cycle; the risks associated with sales to new and existing enterprise customers; our ability to develop and expand our marketing and sales capabilities; the risks associated with free trials and other inbound, lead-generation sales strategies; the risks associated with indemnity provisions in our contracts; our management team’s limited experience managing a public company; risks associated with cyber-security events; the impact of real or perceived errors, failures or bugs in our products; the impact of general disruptions to data transmission; risks associated with stringent and changing privacy laws, regulations and standards, and information security policies and contractual obligations related to data privacy and security; the risks associated with intellectual property infringement claims; our reliance on third-party software and intellectual property licenses; our ability to protect our intellectual property and proprietary rights; the risks associated with our use of open source software in our products; risks associated with our indebtedness; and risks associated with global events (such as Russia’s invasion of Ukraine and related sanctions).
Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. Given these factors, as well as other variables that may affect our operating results, you should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, or use historical trends to anticipate results or trends in future periods. The forward-looking statements included in this press release relate only to events as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
About Jamf
Jamf, the standard in Apple Enterprise Management, extends the legendary Apple experience people love to businesses, schools and government organizations through its software and the world’s largest online community of IT admins focused exclusively on Apple, Jamf Nation. To learn more, visit: www.jamf.com.
Investor Contact
Jennifer Gaumond
ir@jamf.com
Media Contact
Rachel Nauen
media@jamf.com