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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.
Appian
Appian
Appian Revenue by Segment
Revenue by Segment
Cloud Subscriptions Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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.
- Adjusted EBITDA loss is expected to be in the range of $(40.0) million and $(38.0) million for full year 2021.
- Non-GAAP net loss per share is expected to be in the range of $(0.68) and $(0.65) for full year 2021, assuming weighted average common shares outstanding of 71.3 million.
- A reconciliation of non-GAAP guidance measures to the most comparable GAAP measures is not available on a forward-looking basis without unreasonable efforts due to the high variability, complexity, and low visibility with respect to the charges excluded from these non-GAAP measures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income