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Appian
🇺🇸 NASDAQ:APPN
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•
Dec 31, 2019

Appian Q4 2019 Earnings Report

Appian announced financial results for the fourth quarter and full year ended December 31, 2019.

Key Takeaways

Appian's Q4 2019 total revenue was $68.6 million, with cloud subscription revenue reaching $26.4 million. The cloud subscription revenue retention rate was 115%. GAAP net loss per share was $(0.16).

Cloud subscription revenue was $26.4 million for the fourth quarter of 2019.

Total revenue was $68.6 million for the fourth quarter of 2019.

Cloud subscription revenue retention rate was 115% as of December 31, 2019.

GAAP net loss per share attributable to common stockholders was $(0.16) for the fourth quarter of 2019.

Total Revenue
$68.6M
Previous year: $60.2M
+14.0%
EPS
-$0.11
Previous year: -$0.14
-21.4%
Cloud Sub. Rev. Retention Rate
115%
Gross Profit
$45.8M
Cash and Equivalents
$160M
Free Cash Flow
-$6.96M
Total Assets
$371M

Appian

Appian

Appian Revenue by Segment

Forward Guidance

Appian provided guidance for Q1 2020 and full year 2020, including cloud subscription revenue, total revenue, Adjusted EBITDA loss, and Non-GAAP net loss per share.

Positive Outlook

  • Cloud subscription revenue is expected to be in the range of $27.8 million and $28.1 million for Q1 2020.
  • Total revenue is expected to be in the range of $71.0 million and $71.5 million for Q1 2020.
  • Cloud subscription revenue is expected to be in the range of $121.3 million and $123.1 million for full year 2020.
  • Total revenue is expected to be in the range of $296.0 million and $298.0 million for full year 2020.
  • The estimated range for subscription revenue guidance for the first quarter 2020 represents a year-over-year growth rate of between 32% to 33%.

Challenges Ahead

  • Adjusted EBITDA loss is expected to be in the range of $(12.0) million and $(11.0) million for Q1 2020.
  • Non-GAAP net loss per share is expected to be in the range of $(0.20) and $(0.18) for Q1 2020.
  • Adjusted EBITDA loss is expected to be in the range of $(34.0) million and $(32.0) million for full year 2020.
  • Non-GAAP net loss per share is expected to be in the range of $(0.58) and $(0.55) for full year 2020.
  • The impact from ASC 606 on full year 2020 subscriptions revenue is anticipated to be more than the $8.8 million decrease in 2019.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Appian