Loading...
•
Dec 31, 2023
SolarWinds Q4 2023 Earnings Report
Reported results for the fourth quarter and full year ended December 31, 2023.
Key Takeaways
SolarWinds' Q4 2023 total revenue reached $198.1 million, a 6% year-over-year increase, with recurring revenue accounting for 92% of the total. The company reported a net loss of $0.6 million and an adjusted EBITDA of $87.0 million, representing 44% of total revenue and a 17% year-over-year growth.
Total revenue for the fourth quarter was $198.1 million, representing 6% year-over-year growth.
Total recurring revenue represented 92% of total revenue.
Net loss for the fourth quarter was $0.6 million.
Adjusted EBITDA for the fourth quarter was $87.0 million, representing a margin of 44% of total revenue and 17% year-over-year growth.
Revenue by Segment
Forward Guidance
SolarWinds provided its financial outlook for the first quarter and full year of 2024.
Positive Outlook
- Total revenue in the range of $187 to $192 million for Q1 2024, representing growth of approximately 2% over the first quarter of 2023 total revenue at the midpoint of the range.
- Adjusted EBITDA of approximately $81.5 to $84.5 million for Q1 2024, representing growth of approximately 7% over the first quarter of 2023 adjusted EBITDA at the midpoint of the range.
- Non-GAAP diluted earnings per share of $0.20 to $0.22 for Q1 2024.
- Total revenue in the range of $771 to $786 million for FY 2024, representing growth of approximately 3% over the full year of 2023 total revenue at the midpoint of the range.
- Adjusted EBITDA of approximately $350 to $360 million for FY 2024, representing growth of approximately 8% over the full year of 2023 adjusted EBITDA at the midpoint of the range.
Challenges Ahead
- Uncertainty regarding stock-based compensation expense and related employer-paid payroll taxes.
- Uncertainty regarding amortization.
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...