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Why Okta Dived by 17.5% in May | The Motley Fool

The identity management solutions company announced the surprise resignation of its CFO and forecasts a larger than expected loss for this fiscal year. ....

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Okta Tumbles on Wider First-Quarter Loss, CFO Sudden Departure

Okta (
OKTA) - Get Report was falling Thursday after posting a wider first-quarter loss and announcing the departure of its chief financial officer, but analysts were generally sticking with the identity-verification company.
Shares of the San Francisco company at last check were down 11% to $218.88.
Okta posted an adjusted net loss of $13 million, or 10 cents a share, compared with a year-earlier adjusted net loss of $7 million, or 6 cents a share. Revenue rose 37% from a year earlier to $251 million.
The FactSet consensus called an adjusted net loss of 20 cents a share on revenue of $239 million.
The company said CFO Mike Kourey is stepping down. Brett Tighe, Okta’s senior vice president of finance and treasurer, has been named interim CFO while the company conducts a search for a permanent successor. ....

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Okta, Inc. (OKTA) Q1 2022 Earnings Call Transcript

OKTA earnings call for the period ending March 31, 2021. ....

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And Campaign to Add 13 New Chapters During Pandemic

Image: Brett Tighe / Courtesy of And Campaign Charleston
The And Campaign the organization rallying urban Christians to “faithful civic engagement” is on track to quadruple its size in the span of a year, with chapters launching in three Southern cities in 2020 and scheduled to launch in another 10 cities in the first half of 2021.
Last year’s convergence of the COVID-19 pandemic and political and racial unrest in the United States catapulted organizations like the And Campaign, which were already addressing these complex issues, to a new level of prominence.
“The pandemic had a huge impact on our growth,” said attorney and political strategist Justin Giboney, who cofounded the And Campaign with pastor Angel Maldonado and hip-hop artist Sho Baraka in Atlanta in 2015. ....

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