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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.
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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