Sprout Social Q4 2022 Earnings Report
Key Takeaways
Sprout Social reported a strong fourth quarter, achieving record net new ARR. The company's revenue reached $69.7 million, a 31% increase year-over-year. Sprout Social is anticipating accelerated ARR growth in 2023.
Revenue was $69.7 million, up 31% compared to the fourth quarter of 2021.
GAAP operating loss was ($13.1) million, compared to ($9.7) million in the fourth quarter of 2021.
Non-GAAP operating income was $0.6 million, compared to a Non-GAAP operating loss of ($2.6) million in the fourth quarter of 2021.
Free cash flow was $2.6 million, compared to $2.2 million in the fourth quarter of 2021.
Sprout Social
Sprout Social
Sprout Social Revenue by Segment
Forward Guidance
For the first quarter of 2023, the Company currently expects: Total revenue between $75.0 and $75.1 million, or growth of 31% year-over-year. Non-GAAP operating loss between ($0.7) million and ($0.5) million. Non-GAAP net loss per share of ($0.01) based on approximately 55.4 million weighted-average shares of common stock outstanding.
Positive Outlook
- Total revenue between $75.0 and $75.1 million, or growth of 31% year-over-year.
- Services revenue will be lower than the first quarter of 2022.
- Non-GAAP operating loss between ($0.7) million and ($0.5) million.
- Non-GAAP net loss per share of ($0.01) based on approximately 55.4 million weighted-average shares of common stock outstanding.