E2open Q4 2023 Earnings Report

E2open achieved solid revenue growth and strong profitability, despite macro headwinds.

Key Takeaways

E2open announced financial results for its fiscal fourth quarter and full year ended February 28, 2023. GAAP subscription revenue for the fourth quarter of 2023 was $136.9 million and Total GAAP revenue for the fourth quarter of 2023 was $166.3 million.

GAAP subscription revenue for the fourth quarter of 2023 was $136.9 million, an increase of 18.2% from the year-ago comparable period and 82.3% of total revenue.

Total GAAP revenue for the fourth quarter of 2023 was $166.3 million, an increase of 15.3% from the year-ago comparable period.

Net loss for the fourth quarter of 2023 was $303.5 million compared to a net income of $67.7 million from the year-ago comparable period.

GAAP EPS for the fourth quarter of 2023 was a loss of $0.90. Adjusted EPS for the fourth quarter of 2023 was $0.07.

Adjusted EBITDA Margin