APPN - Appian Q4 Non-GAAP EPS beats by $0.12 revenue beats by $3.01M FQ1 guidance in-line

February, 16 2023 04:02 PM Appian Corporation

Appian ( NASDAQ: APPN ): Q4 Non-GAAP EPS of -$0.28 (vs. -$0.16 last year) beats by $0.12 .
Revenue of $125.79M (+19.8% Y/Y) beats by $3.01M .
Cloud subscription revenue increased 29% Y/Y to $65.8M.
Total subscriptions revenue increased 23% on a yearly basis to $93.2M.
Professional services revenue was $32.5M, up 11% on a yearly basis.
Adjusted EBITDA was -$24.8M, compared to -$10.0M in the year-ago quarter.
Operating expenses stood at $131.18M, compared to $102.71M a year ago.
For FQ1'23 :
Non-GAAP EPS is expected to be between -$0.33 and -$0.27, assuming weighted average common shares outstanding of 72.8M. Consensus is -$0.31.
Revenue is expected to be between $130.0M and $132.0M, representing a Y/Y increase of 14% to 16%. Consensus is $131.36M.
Adjusted EBITDA is expected to be between -$21.0M and -$17.0M. Cloud subscription revenue is expected to be between $67.0M and $69.0M, representing Y/Y growth of 26% to 29%.
For FY23:
Non-GAAP EPS is expected to be between -$1.14 and -$1.07, assuming weighted average common shares outstanding of 73.2 million. Consensus is -$1.23.
Revenue is expected to be between $530.0M and $535.0M, representing a Y/Y increase of 13% to 14%. Consensus is $530.73M.
Adjusted EBITDA is expected to be between -$75.0M and -$70.0M, while cloud subscription revenue is expected to be between $294.0M and $296.0M, representing Y/Y growth of 24% to 25%.
Source: Press Release

For further details see: