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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.
Sprinklr
Sprinklr
Sprinklr Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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