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Dec 31, 2023
Pros Q4 2023 Earnings Report
PROS Holdings reported Q4 2023 financial results, showing increased revenue and improved profitability.
Key Takeaways
PROS Holdings, Inc. reported strong Q4 2023 financial results, with a 9% increase in total revenue and improved operating and net income compared to the prior-year period. The company's focus on AI-powered SaaS solutions and platform innovation drove customer acquisition and expansion.
Total revenue increased by 9% year-over-year to $77.5 million.
Subscription revenue grew by 14% year-over-year to $60.8 million.
Gross profit increased by 12% year-over-year to $48.7 million.
Net loss improved by $7.2 million, from a loss of $17.3 million to a loss of $10.2 million.
Revenue by Segment
Forward Guidance
PROS anticipates revenue between $79.0 to $80.0 million for Q1 2024, representing a 9% increase year-over-year, and between $332.0 to $334.0 million for the full year 2024, representing a 10% increase year-over-year. Non-GAAP earnings per share are expected to be between $0.00 to $0.02 for Q1 2024 and $0.07 for the full year 2024.
Positive Outlook
- Total Revenue is expected to increase by 9% for Q1 2024.
- Total Revenue is expected to increase by 10% for the full year 2024.
- Subscription Revenue is expected to increase by 13% for Q1 2024.
- Subscription Revenue is expected to increase by 13% for the full year 2024.
- Subscription ARR is expected to increase by 12% for the full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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