earnings
confidence high
sentiment neutral
materiality 0.65
Clearwater Analytics Q2 revenue $73.4M (+21% YoY); appoints Dr. JP Singh to board
Clearwater Analytics Holdings, Inc.
2022-Q2 EPS reported
-$0.01
revenue$144,187,000
- Revenue $73.4M, +20.6% YoY; net loss $2.2M vs $0.2M loss last year; non-GAAP net income $13.3M (+119% YoY).
- Adjusted EBITDA $19.1M (26.0% margin); operating cash flow $18.3M; free cash flow $16.5M (87% conversion).
- ARR $290.4M (+18.5% YoY); gross revenue retention 98% for 14 consecutive quarters; net retention 104% (down from 107%).
- Q3 2022 revenue guided $74.5-75M; FY 2022 revenue $298-300M; adjusted EBITDA $79-81M.
- Appointed Dr. JP Singh, Princeton CS professor and tech entrepreneur, to Board of Directors effective July 29, 2022.