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Dec 31, 2022
Pros Q4 2022 Earnings Report
Reported financial results for the fourth quarter and full year ended December 31, 2022.
Key Takeaways
PROS Holdings, Inc. reported strong financial results for Q4 2022, with subscription revenue up 13% year-over-year. The company drove revenue outperformance while delivering positive adjusted EBITDA in the second half of the year. They are projecting to generate positive adjusted EBITDA and free cash flow in 2023.
Subscription revenue of $53.1 million, up 13% year-over-year.
Gross profit of $43.5 million, up 11% year-over-year.
Operating loss improved by $6.8 million year-over-year.
Net loss improved by $6.3 million year-over-year.
Revenue by Segment
Forward Guidance
PROS anticipates total revenue between $70.4 to $71.4 million and subscription revenue between $54.0 to $54.5 million for Q1 2023. For the full year 2023, the company anticipates total revenue between $293.0 to $296.0 million and subscription revenue between $230.7 to $232.7 million.
Positive Outlook
- Total Revenue $70.4 to $71.4 million (7% growth)
- Subscription Revenue $54.0 to $54.5 million (11% growth)
- Subscription ARR $250.0 to $253.0 million (11% growth)
- Adjusted EBITDA $3.0 to $6.0 million ($19.4 million improvement)
- Free Cash Flow $2.0 to $6.0 million ($25.7 million improvement)
Challenges Ahead
- Non-GAAP Loss Per Share $(0.12) to $(0.09)
- Adjusted EBITDA $(4.0) to $(3.0) million
- Macroeconomic environment risks
- Effects of inflation risks
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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