By Will Feuer
Samsara raised its full-year sales outlook and said it now expects an adjusted profit for the year.
The San Francisco-based company, which provides a subscription-based internet-of-things platform to various sectors, including retail, construction and manufacturing, forecast full-year sales of $896 million to $900 million, up from prior outlook for $866 million to $874 million.
The company is also now targeting adjusted earnings of between breakeven and 2 cents a share for the year, up from prior guidance for an adjusted loss of 2 cents a share to break even.
Chief Executive Sanjit Biswas said the company expects to be adjusted free cash flow positive going forward.
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