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Appian
🇺🇸 NASDAQ:APPN
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•
Dec 31, 2022

Appian Q4 2022 Earnings Report

Appian's Q4 2022 earnings reflected a 20% increase in total revenue and a 29% increase in cloud subscription revenue year-over-year.

Key Takeaways

Appian announced its Q4 and full year 2022 financial results, with cloud subscription revenue increasing by 29% year-over-year for the quarter and 32% for the full year. Total revenue for the quarter increased by 20% compared to the fourth quarter of 2021.

Cloud subscription revenue increased 29% year-over-year to $65.8 million in Q4 2022.

Total revenue increased 20% year-over-year to $125.8 million in Q4 2022.

Cloud subscription revenue retention rate was 115% as of December 31, 2022.

GAAP net loss per share was $(0.47) for the fourth quarter of 2022.

Total Revenue
$126M
Previous year: $105M
+19.8%
EPS
-$0.28
Previous year: -$0.16
+75.0%
Cloud Sub. Rev. Retention Rate
115%
Previous year: 116%
-0.9%
Gross Profit
$90.6M
Previous year: $76.8M
+18.0%
Cash and Equivalents
$148M
Previous year: $101M
+47.0%
Free Cash Flow
-$15.8M
Previous year: -$23M
-31.2%
Total Assets
$594M
Previous year: $505M
+17.8%

Appian

Appian

Appian Revenue by Segment

Forward Guidance

Appian provided guidance for Q1 2023 and full year 2023.

Positive Outlook

  • Cloud subscription revenue is expected to be between $67.0 million and $69.0 million for Q1 2023, representing year-over-year growth of 26% to 29%.
  • Total revenue is expected to be between $130.0 million and $132.0 million for Q1 2023, representing a year-over-year increase of 14% to 16%.
  • Cloud subscription revenue is expected to be between $294.0 million and $296.0 million for full year 2023, representing year-over-year growth of 24% to 25%.
  • Total revenue is expected to be between $530.0 million and $535.0 million for full year 2023, representing a year-over-year increase of 13% to 14%.
  • Appian anticipates continued growth in cloud subscription revenue and total revenue for the first quarter and full year 2023.

Challenges Ahead

  • Adjusted EBITDA loss is expected to be between $(21.0) million and $(17.0) million for Q1 2023.
  • Non-GAAP net loss per share is expected to be between $(0.33) and $(0.27) for Q1 2023, assuming weighted average common shares outstanding of 72.8 million.
  • Adjusted EBITDA loss is expected to be between $(75.0) million and $(70.0) million for full year 2023.
  • Non-GAAP net loss per share is expected to be between $(1.14) and $(1.07) for full year 2023, assuming weighted average common shares outstanding of 73.2 million.
  • Appian projects an adjusted EBITDA loss for the first quarter and full year 2023.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Appian