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Aug 31, 2023
E2open Q2 2024 Earnings Report
E2open's financial performance remained below potential despite subscription revenue near the high end of guidance and strong adjusted EBITDA margins.
Key Takeaways
E2open reported a total GAAP revenue of $158.5 million for Q2 2024, a decrease of 1.4% year-over-year. Subscription revenue increased by 2.4% to $134.7 million. The company's net loss was $38.6 million, an improvement from the $409.6 million loss in the same period last year. Adjusted EBITDA increased by 16.1% to $56.1 million.
GAAP subscription revenue was $134.7 million, up 2.4% year-over-year.
Total GAAP revenue was $158.5 million, a decrease of 1.4% year-over-year.
Net loss was $38.6 million, improved from a net loss of $409.6 million in the prior year.
Adjusted EBITDA was $56.1 million, an increase of 16.1% year-over-year.
E2open
E2open
Forward Guidance
E2open is updating full year 2024 guidance previously provided on May 1, 2023, and providing third quarter 2024 guidance.