PROS Holdings, Inc. reported Q4 2019 financial results with a 26% increase in total revenue and a 42% increase in subscription revenue. The company's non-GAAP recurring gross margins improved to 76%. PROS is on track to achieve its long-term growth objective.
Total revenue increased by 26% year-over-year.
Subscription revenue increased by 42% year-over-year.
Subscription and Maintenance Revenue increased 22% year-over-year.
PROS reduced outstanding debt to $143.75 million and lowered cash borrowing costs by 50%.
PROS anticipates total revenue between $65.5 to $66.0 million and subscription revenue between $40.5 to $41.0 million for Q1 2020. They also anticipate a non-GAAP loss per share of $(0.23) to $(0.22) and an Adjusted EBITDA of $(12.0) to $(11.5) million.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance