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Sep 30, 2022
Workiva Q3 2022 Earnings Report
Delivered revenue growth near the high end of their quarterly guidance, driven by strategic investments and multi-solution adoption.
Key Takeaways
Workiva announced its Q3 2022 financial results, with total revenue reaching $132.8 million, a 17.9% increase from Q3 2021. Subscription and support revenue grew by 19.9%. The company had 5,541 customers as of September 30, 2022, a net increase of 1,395 from the previous year.
Total revenue for Q3 2022 reached $132.8 million, up 17.9% from $112.7 million in Q3 2021.
Subscription and support revenue contributed $118.6 million, up 19.9% versus Q3 2021.
Workiva had 5,541 customers as of September 30, 2022, a net increase of 1,395 customers from September 30, 2021.
As of September 30, 2022, Workiva had 1,257 customers with an annual contract value (ACV) of more than $100,000, up 21% from 1,043 customers at September 30, 2021.
Revenue by Segment
Forward Guidance
Workiva is providing updated guidance for Q4 2022. Total revenue is expected to be in the range of $138.9 million to $139.9 million. GAAP net loss per basic share is expected to be in the range of $0.47 to $0.45.
Positive Outlook
- Total revenue is expected to be in the range of $138.9 million to $139.9 million.
- GAAP loss from operations is expected to be in the range of $24.9 million to $23.9 million.
- Non-GAAP loss from operations is expected to be in the range of $5.7 million to $4.7 million.
- GAAP net loss per basic share is expected to be in the range of $0.47 to $0.45.
- Non-GAAP net loss per basic share is expected to be in the range of $0.10 to $0.08.
Challenges Ahead
- GAAP loss from operations is expected to be in the range of $24.9 million to $23.9 million.
- Non-GAAP loss from operations is expected to be in the range of $5.7 million to $4.7 million.
- GAAP net loss per basic share is expected to be in the range of $0.47 to $0.45.
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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