Loading...
•
Dec 31, 2022
SolarWinds Q4 2022 Earnings Report
SolarWinds' Q4 2022 results reflected slight revenue growth and a net loss, but outperformed revenue and adjusted EBITDA outlook.
Key Takeaways
SolarWinds Corporation reported a slight increase in total revenue for Q4 2022, with a net loss, but demonstrated year-over-year subscription revenue growth of 45%. The company's results exceeded its previously provided outlook for total revenue and adjusted EBITDA margin.
Total revenue increased by 0.2% year-over-year to $187.1 million.
Recurring revenue accounted for 88% of total revenue.
Net loss was $10.4 million for the quarter.
Adjusted EBITDA was $74.5 million, representing 40% of total revenue.
SolarWinds
SolarWinds
SolarWinds Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMaintenance Revenue
CapyFin.comLicense Revenue
CapyFin.com Forward Guidance
SolarWinds provided its financial outlook for Q1 and full year 2023, expecting total revenue growth and adjusted EBITDA growth.
Positive Outlook
- Total revenue for Q1 2023 is expected to be in the range of $177 to $182 million, representing growth at the midpoint of approximately 1% as compared to Q1 2022.
- Adjusted EBITDA for Q1 2023 is expected to be approximately $67 to $70 million.
- Non-GAAP diluted earnings per share for Q1 2023 are expected to be $0.15 to $0.17.
- Total revenue for the full year 2023 is expected to be in the range of $725 to $740 million, representing growth at the midpoint of approximately 2% over the full year of 2022.
- Adjusted EBITDA for the full year 2023 is expected to be approximately $290 to $300 million, representing growth at the midpoint of approximately 5% over the full year of 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income