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Sep 30, 2020
Pros Q3 2020 Earnings Report
PROS Holdings, Inc. reported third quarter 2020 financial results
Key Takeaways
PROS Holdings, Inc. reported a total revenue of $61.5 million for Q3 2020, a decrease of 4% compared to the prior-year period. The company's operating loss was $(16.2) million, and the net loss was $(18.9) million, or $(0.44) per share.
Subscription revenue was $42.0 million, up 9% year-over-year.
Q3 recurring revenue as a percentage of total revenue was 86%, up more than 300 basis points year-over-year.
Expanded strategic partnership with Adobe to include Magento Commerce.
Delivered the record-breaking, virtual PROS 2020 Outperform Customer Conference with registration exceeding more than 600% of the 2019 mark.
Revenue by Segment
Forward Guidance
PROS anticipates total revenue between $58.9 million and $59.9 million and non-GAAP loss per share between $(0.18) and $(0.16) for Q4 2020.
Positive Outlook
- Total Revenue between $58.9 to $59.9 million
- Subscription Revenue between $41.1 to $41.6 million
Challenges Ahead
- Non-GAAP Loss Per Share between $(0.18) to $(0.16)
- Adjusted EBITDA between $(9.1) to $(8.1) million
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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