2023-05-04 16:37:45 ET
- Upland Software press release ( NASDAQ: UPLD ): Q1 Non-GAAP EPS of $0.28 beats by $0.03 .
- Revenue of $77.1M (-2.0% Y/Y) beats by $2.25M .
- For the quarter ending June 30, 2023, Upland expects reported total revenue to be between $69.8 and $75.8 million vs $74.62M consensus, including subscription and support revenue between $65.7 and $70.7 million, for a decline in total revenue of 9% at the mid-point over the quarter-ended June 30, 2022. Second quarter 2023 Adjusted EBITDA is expected to be between $15.0 and $18.0 million, for an Adjusted EBITDA margin of 23% at the mid-point. This Adjusted EBITDA guide at the mid-point is a decrease of 33% from the quarter-ended June 30, 2022.
- For the full year ending December 31, 2023, Upland expects reported total revenue to be between $288.0 and $312.0 million vs $299.37M consensus, including subscription and support revenue between $269.0 and $289.0 million, for a decline in total revenue of 5% at the mid-point over the year ended December 31, 2022. Full year 2023 Adjusted EBITDA is expected to be between $63.0 and $75.0 million, for an Adjusted EBITDA margin of 23% at the mid-point. This Adjusted EBITDA guide at the midpoint is a decrease of 29% over the year ended December 31, 2022.
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Upland Software Non-GAAP EPS of $0.28 beats by $0.03, revenue of $77.1M beats by $2.25M