Clearwater Analytics Q3 revenue $76.6M (+19% YoY); guides FY22 revenue $300-302M, Adj. EBITDA $79-80M

Clearwater Analytics Holdings, Inc.

2022-Q3 EPS reported -$0.02 revenue$220,739,000

Revenue $76.6M (+19% YoY); ARR $303.6M (+18.1%). Net loss $3.0M vs $11.4M loss prior year.
Adjusted EBITDA $18.8M (24.6% margin); Non-GAAP net income $13.8M (+59% YoY).
Net revenue retention rate 103%; gross retention 98% for 15th consecutive quarter.
Q4 2022 guidance: revenue $79.3M-$81.3M, Adj. EBITDA $22.2M-$23.2M; FY22 guidance: revenue $300-302M.
Announced acquisition of JUMP Technology (Paris) expected to close Q4 2022; added Nationwide Mutual, Bronte Capital as new clients.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clearwater Analytics Holdings, Inc. reported quarter ended September 30, 2022 results: revenue $76.6 million, net income $3.0 million, EPS $0.01 per diluted share.

Period: quarter ended September 30, 2022
Revenue: $76.6 million
Net income: $3.0 million
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

Revenue: Total revenue for the third quarter of 2022 reached $76.6 million, an increase of 19%, from $64.5 million in the third quarter of 2021. • Gross Profit: Gross profit for the third quarter of 2022 was $53.8 million, compared with $46.7 million in the third quarter of 2021. Non-GAAP gross profit for the third quarter of 2022 was $57.3 million, which equates to a 74.8% non-GAAP gross margin. • Net Income/(Loss): Net loss for the third quarter of 2022 was $3.0 million compared with net loss of $11.4 million in the third quarter of 2021. In the third quarter of 2022, the Company recorded a $2.6 million expense related to its Tax Receivable Agreement and $1.3 million in transaction expenses related to the JUMP Technology acquisition. Net loss in the third quarter of 2021 included a $10.3 million loss on debt extinguishment. Non-GAAP net income for the third quarter of 2022 increased by 59% to $13.8 million from $8.7 million in the third quarter of 2021. • Adjusted EBITDA: Adjusted EB

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Source: SEC EDGAR

accession 0000950170-22-021259

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