PROS Holdings, Inc. reported an 8% decrease in total revenue for Q4 2020, with a total revenue of $60.9 million. Subscription revenue increased by 5% to $42.9 million. The company's net loss was $(18.2) million, or $(0.42) per share.
Subscription revenue of $170.5 million for the full year 2020, up 17% year-over-year.
Full year recurring revenue as a percentage of total revenue of 85%, up more than 350 basis points year-over-year.
Expanded partnership with SAP with the launch of PROS B2B pricing solutions on the SAP App Center.
Appointed Martin Simoncic as Chief Customer Officer and Sherry Lautenbach as Senior Vice President of Global B2B Sales
PROS anticipates total revenue between $59.7 to $60.7 million and non-GAAP loss per share between $(0.29) to $(0.27) for Q1 2021.
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