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Appian
🇺🇸 NASDAQ:APPN
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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.

Total Revenue
$83M
Previous year: $66.8M
+24.3%
EPS
-$0.24
Previous year: -$0.12
+100.0%
Cloud Sub. Rev. Retention Rate
121%
Previous year: 113%
+7.1%
Gross Profit
$57.2M
Previous year: $45.6M
+25.3%
Cash and Equivalents
$131M
Previous year: $256M
-48.7%
Free Cash Flow
-$7.12M
Previous year: -$3.58M
+98.8%
Total Assets
$494M
Previous year: $471M
+4.8%

Appian

Appian

Appian 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.
  • 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

Company Overview

Full financial data and analysis

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