Loading...
•
Jun 30, 2022
SolarWinds Q2 2022 Earnings Report
SolarWinds Q2 2022 results were announced, showing a slight year-over-year revenue decline on a reported basis but growth on a constant currency basis. The company reported a net loss, including impairment charges, but saw growth in subscription revenue and improved customer retention.
Key Takeaways
SolarWinds reported Q2 2022 total revenue of $176.0 million, a slight year-over-year decline on a reported basis but a 2% increase on a constant currency basis. The company experienced a net loss of $622.1 million, which included $621.8 million in impairment charges. Subscription revenue grew by 25% year-over-year.
Total revenue for the second quarter was $176.0 million, a slight year-over-year decline on a reported basis.
Subscription revenue increased by 25% year-over-year.
Net loss for the second quarter was $622.1 million, including $621.8 million in impairment charges.
Adjusted EBITDA for the second quarter was $66.8 million, representing a margin of 38% of total revenue.
Revenue by Segment
Forward Guidance
SolarWinds provided its financial outlook for the third quarter and updated its financial outlook for the full year of 2022.
Positive Outlook
- Total revenue in the range of $180 to $185 million for Q3 2022.
- Adjusted EBITDA margin of approximately 39% to 40% of total revenue for Q3 2022.
- Non-GAAP diluted earnings per share of $0.19 to $0.21 for Q3 2022.
- Total revenue in the range of $715 to $725 million for full year 2022.
- Adjusted EBITDA margin of approximately 39% to 40% of total revenue for full year 2022.
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
Loading earnings performance data...
Loading earnings reaction data...