Loading...
•
Dec 31, 2022
TaskUs Q4 2022 Earnings Report
TaskUs reported Q4 2022 results, with revenue and adjusted EBITDA above guidance.
Key Takeaways
TaskUs announced its Q4 2022 results, reporting a total revenue of $242.2 million, a GAAP net income of $15.7 million, and a non-GAAP Adjusted Net Income of $33.3 million. The company's Adjusted EBITDA stood at $57.9 million. TaskUs anticipates revenue between $940 million and $990 million for the full year 2023.
Q4 total revenue reached $242.2 million, a 6.8% increase year-over-year.
GAAP net income for Q4 was $15.7 million, with a margin of 6.5%.
Non-GAAP Adjusted Net Income for Q4 was $33.3 million, with a margin of 13.7%.
Adjusted EBITDA for Q4 was $57.9 million, representing a margin of 23.9%.
Forward Guidance
TaskUs expects revenue between $940 million and $990 million for the full year 2023, representing growth of approximately 0.5% at the midpoint, and an Adjusted EBITDA margin of approximately 23%.
Positive Outlook
- Full year 2023 revenue is expected to be between $940 million and $990 million.
- Revenue growth for full year 2023 is projected to be approximately 0.5% at the midpoint.
- Adjusted EBITDA Margin is anticipated to be around 23% for the full year 2023.
- Free Cash Flow (excluding heloo earn-out payment) is expected to be $100+ million for the full year 2023.
- Net cash provided by operating activities for the full year 2023 (excluding the impact from the heloo earn-out) is expected to be approximately $150 million.
Challenges Ahead
- First quarter 2023 revenue is projected to be between $231 million and $233 million.
- Revenue growth for the first quarter 2023 is expected to be (3.2)% at the midpoint.
- Adjusted EBITDA Margin for the first quarter 2023 is anticipated to be approximately 21%.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...