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Sprinklr
🇺🇸 NYSE:CXM
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Jan 31, 2022

Sprinklr Q4 2022 Earnings Report

Sprinklr's Q4 2022 earnings were announced, revealing a year of accelerated growth and the establishment of the Unified-CXM category.

Key Takeaways

Sprinklr reported Q4 total revenue of $135.7 million, a 30% increase year-over-year, with subscription revenue up 31% to $117.7 million. The company's net dollar expansion rate (NDE) stood at 120%, and it increased its customer base with over $1 million in ARR to 82, a 26% increase year-over-year.

Total revenue for Q4 reached $135.7 million, reflecting a 30% year-over-year increase.

Subscription revenue in Q4 grew by 31% year-over-year, amounting to $117.7 million.

The company's Net Dollar Expansion rate (NDE) was reported at 120%, showing improvement since its IPO.

Sprinklr increased its customer base with over $1 million in ARR to 82, marking a 26% year-over-year increase.

Total Revenue
$136M
Previous year: $104M
+30.3%
EPS
-$0.05
Previous year: -$0.11
-54.5%
Customers with >$1M Revenue
82
Previous year: 65
+26.2%
Gross Profit
$95.9M
Previous year: $71M
+35.0%
Cash and Equivalents
$321M
Previous year: $68M
+372.4%
Free Cash Flow
-$15.9M
Previous year: -$9.09M
+75.4%
Total Assets
$920M
Previous year: $597M
+54.1%

Sprinklr

Sprinklr

Sprinklr Revenue by Segment

Forward Guidance

Sprinklr is providing the following guidance for the first fiscal quarter ending April 30, 2022: •Subscription revenue between $123 million and $125 million. •Total revenue between $140 million and $142 million. •Non-GAAP operating loss between $14 million and $16 million. •Non-GAAP net loss per share between $0.06 and $0.07, assuming 260 million weighted average shares outstanding. Sprinklr is providing the following guidance for the full fiscal year ending January 31, 2023: •Subscription revenue between $536 million and $544 million. •Total revenue between $607 million and $615 million. •Non-GAAP operating loss between $44 million and $48 million. •Non-GAAP net loss per share between $0.20 and $0.22, assuming 260 million weighted average shares outstanding.

Positive Outlook

  • Subscription revenue between $123 million and $125 million for Q1 2023.
  • Total revenue between $140 million and $142 million for Q1 2023.
  • Subscription revenue between $536 million and $544 million for FY23.
  • Total revenue between $607 million and $615 million for FY23.
  • Sprinklr's platform is expected to deliver a unified experience to address customers’ demands.

Challenges Ahead

  • Non-GAAP operating loss between $14 million and $16 million for Q1 2023.
  • Non-GAAP net loss per share between $0.06 and $0.07 for Q1 2023.
  • Non-GAAP operating loss between $44 million and $48 million for FY23.
  • Non-GAAP net loss per share between $0.20 and $0.22 for FY23.
  • The company's rapid growth may not be indicative of future growth.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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