INST - Instructure GAAP EPS of -$0.08 misses by $0.02 revenue of $131.1M beats by $2.01M

2023-07-31 16:22:15 ET

• Instructure press release ( NYSE: INST ): Q2 GAAP EPS of -$0.08 misses by $0.02 .
• Revenue of $131.1M (+14.4% Y/Y) beats by $2.01M .

• Based on information as of today, July 31, 2023, the Company is issuing the following financial guidance.

• Third Quarter Fiscal 2023:

• Revenue is expected to be in the range of $132.0 million to $133.0 million

• Non-GAAP operating income* is expected to be in the range of $51.2 million to $52.2 million

• Adjusted EBITDA is expected to be in the range of $52.5 million to $53.5 million

• Non-GAAP net income is expected to be in the range of $29.1 million to $30.1 million

• Full Year 2023:

• Revenue is expected to be in the range of $524.0 million to $528.0 million
• Non-GAAP operating income is expected to be in the range of $198.5 million to $202.5 million
• Adjusted EBITDA is expected to be in the range of $203.5 million to $207.5 million
• Non-GAAP net income is expected to be in the range of $113.0 million to $117.0 million
• Adjusted Unlevered Free Cash Flow is expected to be in the range of $207.0 million to $211.0 million

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