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Dec 31, 2019
Pros Q4 2019 Earnings Report
Reported strong financial results with subscription revenue growth and improved margins.
Key Takeaways
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%.
Revenue by Segment
Forward Guidance
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.
Positive Outlook
- Total Revenue is expected to be between $65.5 to $66.0 million for Q1 2020.
- Subscription Revenue is expected to be between $40.5 to $41.0 million for Q1 2020.
- ARR is expected to be between $257.0 to $259.0 million for FY 2020.
- Company expects continued growth in revenue.
- Company expects continued growth in subscription revenue.
Challenges Ahead
- Non-GAAP Loss Per Share is expected to be $(0.23) to $(0.22) for Q1 2020.
- Adjusted EBITDA is expected to be $(12.0) to $(11.5) million for Q1 2020.
- Free Cash Flow is expected to be $(5.0) to $(3.0) million for Q1 2020.
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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