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Dec 31, 2022
N-able Q4 2022 Earnings Report
N-able exceeded both revenue growth and adjusted EBITDA outlook for the fourth quarter and full-year 2022.
Key Takeaways
N-able reported strong financial results for Q4 2022, with total revenue of $95.8 million, representing approximately 7% year-over-year growth, and an adjusted EBITDA of $31.2 million, representing an adjusted EBITDA margin of 32.6%.
Total revenue of $95.8 million, representing approximately 7% year-over-year growth.
Subscription revenue of $93.4 million, representing approximately 7% year-over-year growth.
GAAP gross margin of 84.3% and non-GAAP gross margin of 85.0%.
Adjusted EBITDA of $31.2 million, representing an adjusted EBITDA margin of 32.6%.
N-able
N-able
N-able Revenue by Segment
Forward Guidance
N-able provided its financial outlook for the first quarter of 2023 and full-year 2023.
Positive Outlook
- Total revenue in the range of $97.5 to $98.0 million for Q1 2023, representing approximately 7% to 8% year-over-year growth.
- Adjusted EBITDA in the range of $29.0 to $29.5 million for Q1 2023, representing approximately 30% of total revenue.
- Total revenue in the range of $408 to $412 million for full-year 2023, representing 10% to 11% year-over-year growth.
- Adjusted EBITDA in the range of $122 to $126 million for full-year 2023, representing approximately 30% to 31% of total revenue.