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Dec 31, 2019
Sprout Social Q4 2019 Earnings Report
Sprout Social's Q4 2019 results reflected revenue growth and increasing customer base.
Key Takeaways
Sprout Social reported a 26% year-over-year increase in total revenue, reaching $28.1 million, and a GAAP net loss of $25.9 million for the fourth quarter of 2019. The company's customer base grew to 23,693, with 2,185 customers contributing over $10,000 in ARR.
Total revenue increased by 26% year-over-year to $28.1 million.
GAAP operating loss was ($25.9) million, impacted by a $20.0 million stock-based compensation charge.
The number of customers grew to 23,693.
Free cash flow improved to ($4.9) million, or (17%) of revenue.
Revenue by Segment
Forward Guidance
For the first quarter of 2020, Sprout Social expects total revenue between $29.4 million and $29.9 million, and a non-GAAP net loss per share of between ($0.22) and ($0.20). For the full year 2020, the Company expects total revenue between $131.7 and $133.7 million, and a non-GAAP net loss per share of between ($0.57) and ($0.50).
Positive Outlook
- Total revenue between $29.4 million and $29.9 million for Q1 2020.
- Full year 2020 total revenue between $131.7 and $133.7 million.
Challenges Ahead
- Non-GAAP operating loss between ($11.2) million and ($10.2) million for Q1 2020.
- Non-GAAP net loss per share of between ($0.22) and ($0.20) for Q1 2020.
- Full year 2020 non-GAAP operating loss between ($29.3) and ($25.3) million.
- Full year 2020 non-GAAP net loss per share of between ($0.57) and ($0.50).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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