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Dec 31, 2021
Appian Q4 2021 Earnings Report
Appian's Q4 2021 financial performance was announced, showcasing significant growth in cloud subscriptions and overall revenue.
Key Takeaways
Appian's Q4 2021 saw a 39% increase in cloud subscription revenue, reaching $51.2 million. Total revenue grew by 29% to $105.0 million. The cloud subscription revenue retention rate was 116%. However, the company reported a GAAP net loss of $25.8 million, or $(0.36) per share.
Cloud subscription revenue increased 39% year-over-year to $51.2 million.
Total revenue increased 29% year-over-year to $105.0 million.
Total subscriptions revenue increased 35% year-over-year to $75.8 million.
Cloud subscription revenue retention rate was 116%.
Appian
Appian
Appian Revenue by Segment
Revenue by Segment
Cloud Subscriptions Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Appian provided guidance for Q1 2022 and full year 2022.
Positive Outlook
- Cloud subscription revenue for Q1 2022 is expected to be in the range of $52.1 million and $52.6 million, representing year-over-year growth of between 33% and 35%.
- Total revenue for Q1 2022 is expected to be in the range of $106.0 million and $108.0 million, representing a year-over-year increase of between 19% and 22%.
- Cloud subscription revenue for full year 2022 is expected to be in the range of $234.0 million and $236.0 million, representing year-over-year growth of between 30% and 32%.
- Total revenue for full year 2022 is expected to be in the range of $444.0 million and $446.0 million, representing a year-over-year increase of between 20% and 21%.
- Appian enters 2022 with an accelerating business, a unified low-code platform, a growing ecosystem, and happy customers.
Challenges Ahead
- Adjusted EBITDA loss for Q1 2022 is expected to be in the range of $(9.0) million and $(7.0) million.
- Non-GAAP net loss per share for Q1 2022 is expected to be in the range of $(0.15) and $(0.12), assuming weighted average common shares outstanding of 72.2 million.
- Adjusted EBITDA loss for full year 2022 is expected to be in the range of $(53.0) million and $(51.0) million.
- Non-GAAP net loss per share for full year 2022 is expected to be in the range of $(0.83) and $(0.80), assuming weighted average common shares outstanding of 72.5 million.
- GAAP operating loss was $(25.9) million for the fourth quarter of 2021, compared to $(9.7) million for the fourth quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income