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Aug 31, 2021
E2open Q2 2022 Earnings Report
Announced financial results for the fiscal second quarter of 2022.
Key Takeaways
E2open reported a strong second quarter, exceeding expectations for revenue, gross margin, and EBITDA and achieved double-digit organic growth one quarter early. The company reaffirmed its revenue guidance raised on September 1st and increased adjusted EBITDA guidance. They also acquired BluJay Solutions.
Total GAAP revenue for fiscal second quarter 2022 reached $78.1 million, a decrease of 4.6% from $81.8 million in the fiscal second quarter of 2021.
Total non-GAAP revenue was $92.3 million, an increase of 12.8% compared to $81.8 million in the fiscal second quarter of 2021.
Adjusted EBITDA was $33.5 million with a margin of 36.3%, an increase from $26.2 million in the fiscal second quarter 2021 with a margin of 32.0%.
Net loss for the fiscal second quarter of 2022 was $24.0 million compared with a net loss of $17.5 million in the same quarter of 2021.
Revenue by Segment
Forward Guidance
E2open is reaffirming its non-GAAP revenue guidance and raising its adjusted EBITDA guidance for its full fiscal year 2022.
Positive Outlook
- Total non-GAAP revenue is expected to be in the range of $470 million to $474 million reflecting a more than 10% growth rate.
- Adjusted EBITDA is expected to be in the range of $161 million to $163 million versus prior guidance of $158 million provided at the announcement of the BluJay transaction.
- Total synergies related to the recent BluJay combination are projected to be $25 million compared to $20 million announced previously.
- The company expects to achieve between 50 to 60% run-rate savings by the end of fiscal 2022.
- Non-GAAP gross profit margin is expected to be in the range of 70% to 72%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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