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Mar 31, 2021
Pros Q1 2021 Earnings Report
PROS Holdings, Inc. reported financial results for the first quarter ended March 31, 2021.
Key Takeaways
PROS Holdings, Inc. reported first quarter 2021 financial results, exceeding the high end of their guidance range across all metrics. They also welcomed new customers to the PROS family and provided annual guidance once again.
Total revenue was $61.4 million, a decrease of 7% compared to the prior-year period.
Subscription revenue was $42.6 million, a decrease of 1% compared to the prior-year period.
Operating loss was $(20.6) million, compared to $(21.4) million in the prior-year period.
Net loss was $(22.0) million, compared to $(22.7) million in the prior-year period.
Revenue by Segment
Forward Guidance
PROS anticipates total revenue between $61.0 to $62.0 million and non-GAAP loss per share between $(0.23) to $(0.21) for Q2 2021. For the full year 2021, PROS anticipates total revenue between $250.5 to $253.5 million and ARR between $211.0 to $216.0 million.
Positive Outlook
- Q2 2021 Total Revenue: $61.0 to $62.0 million
- Q2 2021 Subscription Revenue: $43.0 to $43.5 million
- Q2 2021 Adjusted EBITDA: $(10.0) to $(9.0) million
- Full Year 2021 Total Revenue: $250.5 to $253.5 million
- Full Year 2021 Subscription Revenue: $176.5 to $179.5 million
Challenges Ahead
- Q2 2021 Total Revenue is expected to decrease by 4% compared to Q2 2020 at mid-point
- Q2 2021 Non-GAAP Loss Per Share: $(0.23) to $(0.21)
- Q2 2021 Adjusted EBITDA: $(10.0) to $(9.0) million
- Full Year 2021 Adjusted EBITDA: $(36.0) to $(33.0) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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