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Jun 30, 2024
N-able Q2 2024 Earnings Report
N-able's Q2 2024 performance underscored the need for IT solutions among small and medium-sized businesses and MSPs.
Key Takeaways
N-able's second quarter performance showed a 13% year-over-year increase in revenue. The company raised its full-year revenue and adjusted EBITDA margin outlook. Subscription revenue grew by 13.6% year-over-year, and adjusted EBITDA increased by 34.1%.
Total revenue reached $119.4 million, representing 12.6% year-over-year growth.
Subscription revenue was $117.4 million, a 13.6% year-over-year increase.
GAAP net income was $9.5 million, or $0.05 per diluted share.
Adjusted EBITDA totaled $46.8 million, up 34.1% year-over-year, with a margin of 39.2%.
N-able
N-able
N-able Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
N-able provided its financial outlook for the third quarter and full year 2024.
Positive Outlook
- Total revenue for Q3 2024 is expected to be in the range of $114.5 to $115.0 million, representing 6% to 7% year-over-year growth.
- Adjusted EBITDA for Q3 2024 is expected to be in the range of $39.5 to $40.0 million, representing approximately 35% of total revenue.
- Total revenue for full-year 2024 is expected to be in the range of $463.0 to $465.0 million, representing approximately 10% year-over-year growth.
- Adjusted EBITDA for full-year 2024 is expected to be in the range of $165.5 to $167.5 million, representing approximately 36% of total revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income