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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.
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 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