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Jun 30, 2021
Appian Q2 2021 Earnings Report
Appian reported an increase in cloud subscription revenue and acquired a process mining firm.
Key Takeaways
Appian's Q2 2021 saw a 44% year-over-year increase in cloud subscription revenue, reaching $42.5 million. The company's total revenue was $83.0 million, a 24% increase compared to the previous year. They also announced the acquisition of a process mining firm, unifying process mining and low-code automation within their platform.
Cloud subscription revenue increased by 44% year-over-year to $42.5 million.
Total revenue increased by 24% year-over-year to $83.0 million.
Total subscriptions revenue increased 37% year-over-year to $56.9 million.
GAAP net loss per share was $(0.34), based on 71.0 million weighted-average shares outstanding.
Revenue by Segment
Forward Guidance
Appian provided guidance for Q3 2021 and full year 2021.
Positive Outlook
- Cloud subscription revenue is expected to be in the range of $45.0 million and $45.5 million for Q3 2021, representing year-over-year growth of between 31% and 33%.
- Total revenue is expected to be in the range of $90.5 million and $91.0 million for Q3 2021, representing a year-over-year increase of between 17% and 18%.
- Cloud subscription revenue is expected to be in the range of $174.0 million and $175.0 million for full year 2021, representing year-over-year growth of 35%.
- Total revenue is expected to be in the range of $355.0 million and $357.0 million for full year 2021, representing a year-over-year increase of 17%.
- Adjusted EBITDA loss is expected to be in the range of $(13.0) million and $(11.0) million for Q3 2021.
Challenges Ahead
- Adjusted EBITDA loss is expected to be in the range of $(13.0) million and $(11.0) million for Q3 2021.
- Non-GAAP net loss per share is expected to be in the range of $(0.20) and $(0.17) for Q3 2021, assuming weighted average common shares outstanding of 71.3 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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