2023-05-09 16:03:25 ET
- Appian ( NASDAQ: APPN ): Q1 Non-GAAP EPS of -$0.27 beats by $0.03 .
- Revenue of $135.24M (+18.4% Y/Y) beats by $3.89M .
- Subscriptions revenue increased on a yearly basis to $98.96M from $83.72M, while professional services revenue was up to $36.28M from $30.55M.
- Cloud subscription revenue was $69.7M, up 31% Y/Y.
- Adjusted EBITDA was -$15.8M, compared to -$3.4M a year ago.
- Net income stood at -$36.83M from -$23.15M.
- As of March 31, Appian had total cash, cash equivalents and investments of $254.5M.
- For Q2, revenue is expected to be between $123.0M and $125.0M, vs. consensus of $124.09M. Non-GAAP EPS is expected to be between -$0.46 and -$0.40, vs. consensus of -$0.40.
- Cloud subscription revenue is expected to be between $72.0M and $74.0M and adjusted EBITDA to be between -$30.0M and -$26.0M.
- For FY23, revenue is expected to be between $533.0M and $538.0M, vs. $532.57M consensus. Non-GAAP EPS should be between -$1.16 and -$1.09, vs. -$1.14 consensus.
- Cloud subscription revenue is expected to be between $296.0M and $298.0M and adjusted EBITDA between -$70.0M and -$65.0M.
- Source: Press Release
For further details see:
Appian Q1 earnings beat estimates, Q2 guidance in-line