Loading...
•
Dec 31, 2019
Workiva Q4 2019 Earnings Report
Reported a revenue increase driven by subscription growth and investments in key areas.
Key Takeaways
Workiva announced Q4 2019 financial results with a 24.6% increase in total revenue compared to Q4 2018. Subscription and support revenue grew by 23.0% year-over-year. The company's customer base reached 3,510, and revenue retention rate including add-on revenue was 113.0%.
Total revenue for the fourth quarter of 2019 reached $80.3 million, an increase of 24.6% from the fourth quarter of 2018.
Subscription and support revenue contributed $66.1 million, up 23.0% versus the fourth quarter of 2018.
Workiva had 3,510 customers as of December 31, 2019, a net increase of 170 customers from December 31, 2018.
Revenue retention rate including add-on revenue was 113.0%.
Workiva
Workiva
Workiva Revenue by Segment
Revenue by Segment
Subscription and Support Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Workiva is providing guidance for its first quarter 2020 and full year 2020.
Positive Outlook
- Total revenue is expected to be in the range of $82.8 million to $83.3 million for Q1 2020.
- GAAP loss from operations is expected to be in the range of $17.6 million to $18.1 million for Q1 2020.
- Non-GAAP loss from operations is expected to be in the range of $7.0 million to $7.5 million for Q1 2020.
- GAAP net loss per basic and diluted share is expected to be in the range of $0.39 to $0.40 for Q1 2020.
- Non-GAAP net loss per basic and diluted share is expected to be in the range of $0.12 to $0.13 for Q1 2020.
Challenges Ahead
- Total revenue is expected to be in the range of $341.5 million to $343.5 million for FY 2020.
- GAAP loss from operations is expected to be in the range of $79.7 million to $81.7 million for FY 2020.
- Non-GAAP loss from operations is expected to be in the range of $36.0 million to $38.0 million for FY 2020.
- GAAP net loss per basic and diluted share is expected to be in the range of $1.72 to $1.76 for FY 2020.
- Non-GAAP net loss per basic and diluted share is expected to be in the range of $0.63 to $0.67 for FY 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income