APPN - Appian Non-GAAP EPS of -$0.39 beats by $0.04 revenue of $127.7M beats by $3.88M

2023-08-03 16:04:30 ET

• Appian press release ( NASDAQ: APPN ): Q2 Non-GAAP EPS of -$0.39 beats by $0.04 .
• Revenue of $127.7M (+16.0% Y/Y) beats by $3.88M .

• Financial Outlook:

  • Third Quarter 2023 Guidance:
    • Cloud subscription revenue is expected to be between $75.5 million and $76.5 million, representing year-over-year growth of 25% to 26%.
    • Total revenue is expected to be between $134.0 million and $136.0 million, representing a year-over-year increase of 14% to 15%.
    • Adjusted EBITDA loss is expected to be between $(16.0) million and $(12.0) million.
    • Non-GAAP net loss per share is expected to be between $(0.28) and $(0.23), assuming weighted average common shares outstanding of 73.3 million.
  • Full Year 2023 Guidance:
    • Cloud subscription revenue is expected to be between $299.0 million and $301.0 million, representing year-over-year growth of 26% to 27%.
    • Total revenue is expected to be between $538.0 million and $543.0 million, representing a year-over-year increase of 15% to 16%.
    • Adjusted EBITDA loss is expected to be between $(67.0) million and $(63.0) million.
    • Non-GAAP net loss per share is expected to be between $(1.16) and $(1.10), assuming weighted average common shares outstanding of 73.2 million.

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