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Mar 31, 2022
Pros Q1 2022 Earnings Report
Reported strong financial results for the first quarter of 2022.
Key Takeaways
PROS Holdings, Inc. reported a strong start to 2022 with subscription revenue up 14% year-over-year and a doubling of deal count year-over-year. The company's solutions are critical for businesses managing inflation and accelerating revenue growth.
Subscription revenue increased by 14% year-over-year, reaching $48.8 million.
Recurring gross margin improved to 76%, up 500 basis points year-over-year.
PROS solutions are helping customers achieve an average of 6% revenue improvement.
The company welcomed new customers including Abcam, Brunswick, FlyPOP, and PLAY Airlines.
Revenue by Segment
Forward Guidance
PROS anticipates total revenue of $66.0 to $67.0 million and subscription revenue of $49.25 to $49.75 million for Q2 2022. Full year 2022 guidance includes total revenue of $268.0 to $271.0 million and subscription revenue of $200.5 to $202.5 million.
Positive Outlook
- Total revenue is expected to grow by 7% in Q2 2022.
- Subscription revenue is projected to increase by 12% in Q2 2022.
- ARR is expected to reach $246.0 to $250.0 million.
- Subscription ARR is anticipated to grow to $224.0 to $228.0 million.
- Total revenue is expected to grow by 7% for the full year 2022.
Challenges Ahead
- Non-GAAP loss per share is projected to be between $(0.19) and $(0.17) for Q2 2022.
- Adjusted EBITDA is expected to be between $(8.0) and $(7.0) million for Q2 2022.
- Free cash flow is projected to be between $(25.0) and $(21.0) million for Q2 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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