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Apr 30, 2021
Zuora Q1 2022 Earnings Report
Reported solid start to the year with execution on strategy and exceeded expectations across key operating metrics.
Key Takeaways
Zuora reported a solid start to the year, exceeding expectations across key operating metrics and driving significant improvement on net dollar retention. Total revenue was $80.3 million, an increase of 9% year-over-year, and subscription revenue was $65.1 million, an increase of 14% year-over-year.
Total revenue was $80.3 million, up 9% year-over-year.
Subscription revenue was $65.1 million, up 14% year-over-year.
GAAP loss from operations was $17.4 million, compared to a loss of $17.7 million in the first quarter of fiscal 2021.
Free cash flow was $8.6 million compared to negative $2.2 million in the first quarter of fiscal 2021.
Revenue by Segment
Forward Guidance
Zuora is providing guidance for the second quarter and full year fiscal 2022 based on current market conditions and expectations.
Positive Outlook
- Second Quarter Fiscal 2022 Subscription revenue $67.5M - $69.5M
- Second Quarter Fiscal 2022 Total revenue $82.5M - $84.5M
- Second Quarter Fiscal 2022 Non-GAAP loss from operations ($5.0M) - ($4.5M)
- Second Quarter Fiscal 2022 Non-GAAP net loss per share¹ ($0.04) - ($0.03)
- Full Year Fiscal 2022 Total revenue $337.0M - $339.0M
Challenges Ahead
- Second Quarter Fiscal 2022 Non-GAAP loss from operations ($5.0M) - ($4.5M)
- Second Quarter Fiscal 2022 Non-GAAP net loss per share¹ ($0.04) - ($0.03)
- Full Year Fiscal 2022Non-GAAP loss from operations($12.0M) - ($8.0M)
- Full Year Fiscal 2022Non-GAAP net loss per share¹($0.10) - ($0.06)
Historical Earnings Impact
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Avg. Return Before/After Earnings
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